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Posted inEGYPT IN THE NEWS
Ancient necropolis uncovered
The discovery of a 2,000 year-old necropolis just south of Cairo is topping coverage of Egypt in the foreign press this morning. The site near Minya contains “40 stone sarcophagi, about 1,000 small statues, and a necklace charm,” according to Reuters, which notes that it will take another five years to excavate entirely. The Daily […]
Posted inEGYPT IN THE NEWS
Other international coverage
Three Egyptian policemen were able to catch a five-year-old child as he fell from a third-floor apartment balcony in Assiut, saving the boy’s life, the Associated Press reports. The news and the video of the incident are making the rounds in international outlets. Also worth a quick skim this morning: Egypt has become essential to […]
Posted inOn Deadline
Egypt’s state media must open up to opposition voices
Egypt’s state media must open up to opposition voices to stop them and the viewers from resorting to foreign media, Emad El Din Hussein writes for Al Shorouk. He looks at the cases of Genena, Anan, and Aboul Fotouh, all of whom, he writes, had no choice but to turn to Qatari media to have […]
Posted inDiplomacy + Foreign Trade
Diplomacy + Foreign Trade on 25 February 2018
KSA, UAE, Qatari leaders to hold separate meetings with Trump in Washington: The leaders of Saudi, Abu Dhabi, and Qatar are each planning to meet with US President Donald Trump in Washington in March and April, Reuters reports. The separate meetings come as the US attempts to mediate a resolution to the Arab Quartet’s spat […]
Posted inEnergy
Oil Ministry to up crude oil output by 10,000 bbl/d in March
The Oil Ministry expects Egypt’s output of crude oil to rise by 10,000 bbl/d to 661k bbl/d before the end of March, EGPC boss Abed Ezz El Regal tells Al Borsa.
Posted inInfrastructure
Work on regional ring road to be completed by Ramadan
The new EGP 4 bn regional ring road will be completed before Ramadan starts in mid-May, Transport Minister Hisham Arafat said yesterday, according to Al Borsa. Work has been stepped up to complete the project in time.
Posted inReal Estate + Housing
Ibn Sina to develop two projects for EGP 1 bn in 2H2018
Ibn Sina for Hotels and Resorts is planning to develop two projects in 2H2018 with initial investments of EGP 1 bn, Vice Chairman Atef Ibrahim tells Al Mal. The first is an EGP 700 mn residential project in Six October City and the second is an EGP 300 mn hotel in Hurghada.
Posted inTourism
Uzbekistan and Egypt to resume direct flights “soon”
Talks are underway to bring back direct flights between Egypt and Uzbekistan, which had been halted in 2008 due to low demand, Uzbek ambassador in Cairo, Oybek Usmanov Arifbekovich, tells Al Mal. The two sides are also discussing the launch of charter flights between Tashkent and Cairo, Hurghada, and Sharm El Sheikh.
Posted inAutomotive + Transportation
Mansour Group planning expansion into Iraq and Libya
Mansour Group is reportedly seeking the rights to Opel in Iraq and Libya, a company official said on Thursday, according to Al Mal. Mansour already has Chevrolet dealerships in both countries and has managed to secure other distribution lines in other African countries through other partnerships. Mansour Group also wants to get into importing electric […]