The Wall Street Journal Egypt, Ethiopia and Sudan Sign Nile Dam Declaration Egypt, Sudan and Ethiopia took a step Monday to defuse tensions around Ethiopia's construction of a massive dam on the Blue Nile, which has threatened to upset the geopolitical balance in the region over how to share water from the River Nile. Egyptian President Abdel Fattah Al Sisi, Sudanese President Omar al-Bashir and Ethiopian Prime Minister Halemariam Desalegn signed a declaration in Sudan's capital Khartoum, pledging to better share the Nile's waters, an Egyptian presidency official familiar with the matter said. Ethiopia has said the project is necessary to produce much-needed electricity, but the building of the dam has been controversial, with some scientists predicting it could disrupt the flow of the river into Egypt, where it provides much of the country's water and also supplies electricity from the hydroelectric project at Aswan. Read more: http://www.wsj.com/articles/egypt-ethiopia-and-sudan-sign-nile-dam-agreement-1427115031 Daily Journal Egypt president orders new investment for Suez Canal zone using bonds Egypt's president issued a decree to modify laws governing the development of the Suez Canal on Monday, allowing funds generated from bond sales for the canal's expansion to be used to create new infrastructure and industries and draw foreign investment. Companies and states recently pledged several billions of dollars to build up the area, including installations to store grain and set up logistics hubs in cities along the vital waterway. Read more: http://www.dailyjournal.net/view/story/3c912f4510d943eab255e3454a0ba2ee/ML--Egypt-Suez-Canal/ The Independent Market Report: Egyptian gold miner Centamin surges by more than 16 per cent Never underestimate the power of a good dividend. The Egyptian gold miner Centamin surged by more than 16 per cent yesterday, despite unveiling earnings and revenue figures that were lower than expected. The jump was down to a higher than expected shareholder payout and a commitment to hand cash to investors in the future. Centamin declared a final dividend of 1.99 cents per share, compared to the expected 1.6 cents, and pledged to pay out as much as 30 per cent of free cash in dividends in the future. Its shares rocketed by 8.65p to 62.4p, despite a warning from the miner that the legal case hanging over its right to mine in Egypt still has no end in sight. Read more: http://www.independent.co.uk/news/business/sme/market-report-egyptian-gold-miner-centamin-surges-by-more-than-16-per-cent-10129201.html Trade Arabia Secon awards $327m Egypt realty design deals Saudi-Egyptian Construction Company (Secon) has signed design contracts for three new real estate projects worth E£2.5 billion ($327 million), said a report. One of the largest companies operating in the real estate market, Secon is jointly owned by the Saudi and Egyptian governments. These projects will be built in the areas of New Cairo, New Damietta and New Assiut on a 404,686-sq-m area. Read more: http://www.tradearabia.com/news/CONS_278078.html
