Before fighting in Gaza can end, Hamas may need to address a problem—its payroll.» Read More
SALLOUM, Egypt July 13- A few days before he was elected Egypt's president in May, Abdel Fattah al-Sisi discreetly visited tribesmen living along the border with Libya.
The 15- member body will meet at 10 a.m. on Thursday to discuss the violence that is building up to the most serious hostilities between Israel and Hamas militants in Gaza since an eight-day war in 2012..
*Gaza rockets hit deeper inside Israel. GAZA/ JERUSALEM, July 9- Israeli air strikes shook Gaza every few minutes on Wednesday, and militants kept up rocket fire at Israel's heartland in intensifying warfare that Palestinian officials said has killed at least 37 people in the Hamas- dominated enclave.
Mohamed Shoeib, managing director of the energy division at Citadel Capital, says subsidies provided to Egypt by countries such a Saudi Arabia are not the long-term solution to the country's energy problems.
*Dubai stocks rebound, Cairo hit with new tax. LONDON, July 2- Global shares advanced toward fresh highs on Wednesday after European markets tracked gains in Asia, with investors looking to see if U.S. employment figures continue a run of upbeat data that has driven Wall Street to record highs.
*Dubai stocks rebound, Cairo hit with new tax. LONDON, July 2- European shares rose on Wednesday after Asian shares hit a three-year peak, with investors looking to see if U.S. employment figures continue a run of upbeat data that has driven Wall Street to record highs.
DOHA, July 2- Al Jazeera, the Qatari-funded television station whose reporting of the 2011 Arab Spring uprisings won it millions of viewers in the Middle East, is defiant following a backlash by Arab governments that accuse it of supporting Islamists.
*Oil minister sees production from BP project in 2017. AL-ASEEL OIL FIELD, Egypt, June 26- Egypt's oil minister said on Thursday that BP's $10 billion gas project, stalled for three years, had restarted and that production would begin in 2017, a sign of progress in efforts to ease the worst energy crunch in decades.
CAIRO, June 25- A minor explosion wounded three people inside the Ezbet el Nakhla metro station in northern Cairo on Wednesday, Major General Alaa Abdel Zaher, the head of Cairo's bomb disposal unit, told Reuters.
CAIRO/ DUBAI, June 22- Saudi Arabia's Almarai, the Gulf's biggest dairy company, and U.S. soft drinks giant PepsiCo will invest at least $345 million in Egypt over the next five years, the Saudi firm said on Sunday.
Today CIB is Egypt's largest private sector bank with over 5,400 employees. In an exclusive interview with CNBC, the bank's chairman, Hisham Ezz Al-Arab, explains how he is keeping the bank profitable.
Hisham Ezz Al-Arab, CIB chairman responds to the recent hype around Islamic finance, and looks back at the first few weeks of Egypt's uprising in 2011.
Egypt's economy is suffering from record unemployment and one of the highest budget deficits in the region. Hisham Ezz Al-Arab, chairman of Commercial International Bank (CIB), lays out the country's challenges.
*UAE is major backer of Egypt since army ousted Mursi. CAIRO, June 7- Egypt and the United Arab Emirates said on Saturday they had contracted a state-run company headed by a retired Egyptian army officer to build wheat silos that are a key part of the UAE's $4.9 billion aid package to Cairo.
*Advisers Strategy&, Lazard operating in Egypt for months. The driving force behind the consulting project is the United Arab Emirates, which along with Saudi Arabia and Kuwait has showered Egypt with billions of dollars in aid since Sisi removed the Muslim Brotherhood from power last year, sources familiar with the exercise and businessmen told Reuters.
WARSAW/ PARIS- French President Francois Hollande plans to raise concerns about a possible $10 billion- plus U.S. fine on BNP Paribas that he considers disproportionate with U.S. counterpart Barack Obama.
*Would send signal that Egypt "investable again". CAIRO/ DUBAI, June 4- Egypt's currency black market is under threat from two directions, as aid from wealthy Gulf states promises to ease a dollar shortage and an increasingly confident central bank engineers a gradual depreciation of the Egyptian pound.
The first telegraph line from Cairo to Alexandria was inaugurated in 1854 and with it came the birth of Telecom Egypt. The firm's CEO, Mohamed El-Nawawy, discusses the potential of being the country's fourth mobile phone operator, and what he plans to do with the stake in Vodafone Egypt.
In an exclusive interview with CNBC, Mohamed El-Nawawy, CEO of Telecom Egypt, relives the moments around the controversial decision to cut Egypt off the Internet on January 28, 2011.
Worldwide, undersea cables carry 99% of intercontinental internet traffic and one of the busiest hubs is in Egypt. CNBC gains exclusive access to the country's strategic "TE North" facilities, and takes a closer look at where the company is moving next.