"Egypt is the largest importer of wheat in the world, but they have to buy it on the spot market," says Philip Blumberg.» Read More
*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.
Anthony Skinner, head of MENA at Maplecroft, discusses the Egyptian elections and points out that a significant segment of the population is boycotting the vote.
Mirette Mabrouk, Deputy Director at the Atlantic Council, expects former Minister of Defense Abdel Fatah al-Sisi to win Egypt's presidential election and explains what that means for the country.
OCTOBER 6 VILLAGE, Egypt May 25- Egypt aims to buy about half of its domestic wheat harvest this year at 4.4 million tonnes and is unlikely ever to get much more from farmers, who need to reserve the rest for seed and to feed their families.
Polls in the so-called Fragile Five economies- Brazil, India, Indonesia, Turkey and South Africa- topped investors' list of political worries for 2014.. Presidential polls in Brazil and Turkey are still to come, but parliamentary elections in India and South Africa and local elections in Turkey have been greeted with enthusiasm by investors.
CAIRO, May 23- Egyptians vote next week in an election expected to make former army chief Abdel Fattah al-Sisi president, marking a revival of strongman rule three years after the downfall of Hosni Mubarak.
May 23- For other related diaries, please. SHANGHAI, China- ECB Executive Board member Yves Mersch speaks at a high-level roundtable " Asia's Growth Bottleneck: Who Can Find A Breakthrough?" at the Shanghai Forum 2014 "Asia Transforms: Identifying New Dynamics" organized by Fudan Development Institute in Shanghai- 0530 GMT.
CAIRO, May 21- Former army chief Abdel Fattah al-Sisi has kept Egyptians guessing about how he will handle energy subsidies, one of the most explosive issues coming his way if, as seems certain, he is elected president next week.