Egypt’s top business news June 23

Egypt’s local digest June 23

Roundup of Egypt's press headlines on Jun. 23, 2016

Roundup of Egypt's press headlines on Jun. 22, 2016

In another blow to Egypt’s traumatized tourist industry, British Airways has decided to abandon its route to the country’s main resort, Sharm el Sheikh.

The Administrative Court canceled on Tuesday a former judicial decision to freeze the funds of Mohamed Abu Treika, a former Al-Ahly player and business partner of a member of the Muslim Brotherhood.

Civil Aviation Minister, Sherif Fatehy, and the British Ambassador to Cairo, John Casson, attended a contract signing ceremony on Tuesday between Restrata Security Company and Falcon Group in a move towards improving the security of Egyptian airports, amid discussions of Britain's possible lift of a ban on flights to Egypt's tourist resorts.

Egypt’s local digest June 22

Egypt’s politics digest June 22

CAIRO, Jun 21 (Aswat Masriya) – Egypt’s budget deficit rose to 9.8 per cent of the country's Gross Domestic Product (GDP) in the first ten months of the current fiscal year compared to 9.5 per cent during the same period last year, the finance ministry said.

Egypt’s Ministry of Foreign Affairs condemned a terror attack that killed a number of Jordanian army personnel in Al Rakban area, located near the border with Syria, according to an official statement on Tuesday.

CAIRO: Egypt’s Administrative Jurisdiction has annulled Tuesday a deal between Egypt and Saudi Arabia, per which Cairo announced Saudi sovereignty on two disputed islands of Tiran and Sanafir in the Red Sea.

Egypt’s politics digest June 21

Egypt purchased two Mistral carriers from France totalling 950 million euros

Bahrain revoked the citizenship of the country’s most prominent Shia cleric, Sheikh Isa Qassim, as well as recently suspending the largest Shia political group, Al-Wefaq

Roundup of Egypt's press headlines on Jun. 21, 2016

Bahrain revoked the citizenship of the country’s most prominent Shia cleric, Sheikh Isa Qassim, as well as recently suspending the largest Shia political group, Al-Wefaq

EgyptAir agreed with insurance companies to compensate each family of the victims of flight MS804 with $25,000, chairman and CEO of EgyptAir holding company Safwat Mosallam said on Monday.

CAIRO, Jun 20 (Aswat Masriya) - Egypt's aviation ministry is expecting the arrival of a Russian delegation to inspect security measures in Egypt airports, said the chairman of the Egyptian Holding Company for Airports and Air Navigation (EHCAAN) on Monday.

GENEVA (Reuters) - A record 65.3 million people were uprooted worldwide last year, many of them fleeing wars only to face walls, tougher laws and xenophobia as they reach borders, the United Nations refugee agency said on Monday.

CAIRO, Jun 20 (Aswat Masriya) - Egypt's international cooperation minister, Sahar Nasr, renewed on Monday her calls to the African Development Bank (AfDB) to hand over the second half of their over $500 million loan to Egypt before next September.