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21% increase in Egyptian exports to EU market: Kabil

Egyptian commodity exports to European Union (EU) countries increased significantly during 2017, at a value of about €8.1bn, compared to €6.7bn in 2016, an increase of 21%, according to a Friday press statement from Minister of Trade and Industry Tarek Kabil. Furthermore, the large increase in Egyptian exports to these markets contributed to the growth …

Nihal Samir

Marakez signs 15-year lease agreement with Spinneys for Mall of Tanta

Marakez for real estate investment has signed a 15-year agreement with Spinneys hypermarket to lease approximately 4,100 sqm in Mall of Tanta, according to a Saturday press statement. The company is the Egyptian arm of Saudi Arabian conglomerate Fawaz Alhokair Group, the largest mall developer in the Middle East. “At Marakez, we made a concerted, …

Daily News Egypt

Six defendants referred to criminal court for attacking church in Mahalla

Prosecutor General Nabil Sadek ordered on Saturday the referral of six suspects to the Criminal Court of National Security on charges of terrorism for allegedly attacking a church in Mahalla. The defendants were previously detained by the General Prosecution pending investigations. Investigations charged that the six defendants had committed a number of crimes, including establishing …

Sarah El-Sheikh

Tahya Misr Fund delivers 22 trucks as part of youth empowerment projects

The Tahya Misr Fund announced the delivery of 22 trucks, to the beneficiaries of youth empowerment projects, in the governorates of Daqahleya, Kafr El-Sheikh, Matruh, Sharqeya, Menoufiya, Fayoum, and Qena, according to a Friday press statement. The fund plans to distribute a total of 356 1.5-tonne capacity trucks in 22 governorates by the second quarter …

Daily News Egypt

Yorktown to sell Egypt-based oil, gas company Merlon International

The New York-based private equity firm Yorktown Partners is reportedly planning to sell its Egypt-focused oil and gas company Merlon International, Reuters reported on Saturday. According to the reports, the firm aims to raise up to $400m, and the sale will be run by Citigroup, with expected bids planned to be concluded by July. Merlon …

Mohamed Samir

Egypt to attend Brussels II conference on Syrian crisis

Egypt will attend a second international conference organised by the European Union and the United Nations on “supporting the future of Syria and the region,” which is scheduled to take place in Brussels from 24-25 April. The conference aims to discuss humanitarian aid to the Syrians affected by the civil war that is now in …

Sarah El-Sheikh

Cairo Opera House to hold two concerts in Saudi Arabia

The Egyptian Minister of Culture Inas Abdel Dayem said that Saudi Arabia will host, for the first time in its history, two consecutive concerts of the Cairo Opera House at the King Fahad Cultural Centre in Riyadh next Wednesday and Thursday. Cairo Opera House prepared an artistic programme for its first visit to Saudi Arabia, …

Nihal Samir

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