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New office will cooperate with airlines flying into Egypt to create direct flights to Sharm El-Sheikh, Red Sea and North Coast
Egypt ranks 109th globally in world’s wealthiest/poorest countries list, with GDP per capita being equivalent to $6,650
Extremists have been targeting civilians more recently, as opposed to security
Attacks on Friday in France, Tunisia, and Kuwait, left over 50 people dead
The new canal will be established to increase the Suez Canal’s capacity to 97 passing ships per day, up from the current rate of 49 per day.
The report also stated that the most difficult challenge that faces e-commerce companies is their clients’ trust for online payment methods. 16% of the companies believe that users accept these methods, while 13% of the companies say that clients consider them unsafe.
March’s figures compare to June 2014, where debt amounted to $46.1bn
International foreign reserves jumped to $20.5bn at the end of April 2015, compared to $15.29bn in previous month
Analysts say GCC deposits beef-up foreign reserves and boost local currency
Holding company, announced in 2011 by Kuwait Investment Authority, hired Arab African International Bank as adviser
Hisham Ramez’s comments to Reuters come in wake of reports alleging receipt of Kuwait’s $2bn in deposits
Egyptian minister of international cooperation held meetings in Kuwait, in framework of the annual meetings held by Arab financial institutions
With latest aid, KFAED’s financial support to Egypt totals 40 loans
Step seen to further throttle waning black market
1.1bn oil barrels of reserve for the “9” zone in Basra
Could policies towards the Brotherhood affect the strategic alliance?
Kuwaiti Minister of Finance Anas Khalid Al-Saleh said that he received orders from the Emir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, to immediately begin depositing $2bn at the Central Bank of Egypt (CBE). On the first day of the Economic Summit in Sharm El-Sheikh, the Emir announced that Kuwait will provide an aid package …
Overview of Gulf aid to Egypt in the new era
In an interview with Daily News Egypt, the Jordanian writer gave profound analysis for the book market in his homeland Jordan, revealing some secrets about his upcoming literary works.
Saudi Crown Prince Muqrin bin Abdullah and Saudi finance minister will attend the summit
Campaign will be launched by specialised company, expected to continue for three months, says Tourism Minister
They accuse the government of evicting families and making international deals that harm local business
Projects are being studied and funded within the partnership, some might be established in Suez Canal, says ECHEM head
‘Egypt’s military to stay out of conflict unless Bab El-Mandab straight threatens Suez Canal navigation’, say experts
Egyptian authorities reject alleged leaks against GCC countries
Despite publically strong ties with GCC, speakers in the leaks argue relations should be based on self-interest
Kuwait visit to agree on investment cooperation and consultation speeding up dispute settlement disputes regarding Kuwaiti investors, said Al-Qaweesh
Preliminary conference to be held in last week of February for two days in Kuwait to discuss and present investment opportunities in Egypt
Visit is expected to discuss potential collaboration between the two countries
By Masood Ahmed Iraq is facing a “double shock” from the self-proclaimed Islamic State of Iraq and Syria (ISIS) insurgency and the global plunge in oil prices. While the new government led by Prime Minister Haidar Al- Abadi was formed with the express objective of dealing with the insurgency and addressing the humanitarian disaster it …