Tourism sector halts applying VAT for a year
The tourism sector has obtained a verbal approval from the Ministry of Finance to postpone subjecting it to the…
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Nubians halts protest, giving state chance to respond to demands
Prime Minister Sherif Ismail met with 13 representatives from the Nubian protesters on Wednesday evening, in which…
Sugar: one more problem for Egyptians
Since the end of September, Egypt has been facing a remarkable shortage in sugar, pushing the commodity’s price…
Germania airline resumes flights to Sharm El Sheikh
German airline Germania operates its first flight to Sharm El Sheikh today after a year of halting flights to…
Railway system needs one year to show signs of improvement: Egypt’s minister
Egypt's Minister of Transportation Galal Said said Wednesday that Egypt's railway system would take a year to show…
Petrobel hikes gas production to 1bn ft3/d in FY2015-16
Egyptian Balaeim Petroleum Co- Petrobel has succeeded to produce more than one billion cubic feet of gas per day…
Kiwi hits 1-year high after RBNZ rate cut falls short of expectations
The New Zealand dollar surged to its highest level in more than a year on Thursday after the Reserve Bank of New…
Multiple casualties, one dead from active shooting downtown Austin, Texas
At least one person killed and three more injured after an unknown assailant opened fire in Austin, Texas. A woman…
Two car bombs explode near Yemeni city of Mukalla
A car bomb exploded on Monday at a checkpoint in Yemen's Hadramout province, near the Arabian Sea port city of…
TUI finalizes $1.4 billion order for Boeing planes
European travel group TUI AG (TUIT.L) has finalised an order with U.S. planemaker Boeing (BA.N) to buy 10 737 MAX 8…
Japan says one of its citizens wounded but rescued from Dhaka restaurant
Japan said on Saturday that one of its citizens had been shot and wounded in an attack on a restaurant in the…
Fast food chain Cook Door investments in Egypt hit $112mn late-2015
The investments of the International Company for Food Industries - ICFI (Cook Door) exceeded one billion…
Egypt’s chemical exports drop by 10% in Q1- report
Egyptian chemical exports declined by 10 percent during the first quarter of 2016 to 226.9 million Egyptian pounds…
Explosions hit Brussels airport, one killed: Belgian media
Explosions tore through the departure hall of Brussels airport on Tuesday morning killing one person and injuring…
One body of 12 missing Egyptian fishermen retrieved
The Sudanese Navy recovered the body of one of the Egyptian fishermen who was aboard a fishing boat that sank in…
Syrian rebel splits deepen after failed ‘merger’ with al Qaeda arm
The leader of al Qaeda's Syrian wing tried unsuccessfully at a recent meeting to convince rival Islamist factions…
Egypt score drops one point in Corruption Perceptions Index 2015
Egypt dropped one point in the 2015 Corruption Perceptions Index compared to the previous year with a score of…
More Egyptian youth arrested over 23 ‘inciting Facebook pages’
Three young citizens, including one woman, were arrested on charges of “using social media to incite against the…
Egyptian TV host Islam Behery sentenced to jail for 1 year over blasphemy
Egyptian authorities put TV host Islam Behery in prison late on Monday after a court reduced an earlier five-year…
One Russian pilot shot down by Turkey picked up by Syrian Army
One of the two Russian pilots, who ejected from the bomber shot down by Turkey on Tuesday, was picked up by the…
Lebanon arrests six suspect in Beirut bombings: security source
Lebanese authorities arrested five Syrians and a Palestinian in connection with the twin suicide bombings in…
Arabtec to build 100,000 units in 1M homes project
Housing Ministry is currently negotiating with Emirati Arabtec over building 100,000 unites only instead of one…
Mega projects are one avenue to boost growth in Egypt: Standard and Poor’s
In an interview with Daily New Egypt, Director of Sovereign and International Public Finance Ratings at Standard…
Fire at Saudi Arabian oil workers compound kills one, injures 30
A fire at an oil workers residential compound in Saudi Arabia on Sunday claimed one casualty and injured 30 more of…
Egypt’s Construction Firms can build Cairo Capital in 1 year
Mohamed Abdel Raouf, a board member of the Egyptian Federation for Construction and Building Contractors (EFCBC)…
Egypt braces for Biggest Budget for Housing Sector
Egypt is preparing for the biggest budget in the history of the housing sector, ranging between 14-15 billion…
Arab Contractors to join Arabtec’s Egypt Giant Project
Egypt's leading construction firm Arab Contractors will take part in UAE Arabtec's Egyptian project to build…
Policeman killed in explosion on 15 May Bridge near Zamalek exit
One policeman has been killed and two civilians injured in an explosion on the Zamalek exit of the 15 May Bridge…