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Blackberry goes all-out with BB10

  /  February 11, 2013  /  Business  /  No Comments

With a completely new platform, the firm is determined to regain its leading position in the smartphone market

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Sabbour: No foreign investment in the absence of stability and security

  /  January 22, 2013  /  Business, interviews  /  No Comments

The President of the Egyptian Businessmen Association, Hussein Sabbour, relays to Daily News Egypt his concerns and diagnosis of Egypt’s economic crisis and sheds light on how Egypt can overcome the perils of status quo

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TNS: fuel prices and USD exchange rate will impact car purchases

  /  January 20, 2013  /  Business  /  No Comments

The survey indicated that among high-income Egyptians who would potentially buy a car, 65% believe that the increase in fuel prices would factor into their choice of a car that is more fuel-efficient, while 18% felt that the rise in petrol prices would not affect their choice.

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Bill Gates among US investors to acquire $1bn stake in OCI

  /  January 19, 2013  /  Business  /  No Comments

OCI NV launches exchange offer to absorb outstanding stocks and GDRs of parent company OCI SAE

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Ghorab: Egypt has yet to tap into its wealth of natural resources

  /  January 19, 2013  /  Business, interviews  /  No Comments

Former Minister of Petroleum, Abdallah Ghorab, talks to Daily News Egypt about the country’s energy problems and the crippling bureaucracy hampering development

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Petroleum giants level criticism at current contractual agreements model

  /  January 16, 2013  /  Business  /  No Comments

While its true that the Egyptian petroleum industry has endured the past two years of consistent political turmoil better than most industries in Egypt, and has been somewhat successful in sidestepping many of the economic impediments brought about by the lack of stability and security, it is by no means impervious to the structural disarray and the flimsiness of the current government.

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Van Rompuy: IMF deal will restore international trust in Egypt

  /  January 15, 2013  /  Business  /  No Comments

President of the federation of Egyptian Chambers of Commerce, Ahmed Al-Wakil, stated that the EU is Egypt’s number one trade partner and called for the reinforcement of Egyptian European bilateral relations.

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Egypt hosts AmCham’s MENA Regional Annual Conference

  /  January 13, 2013  /  Business  /  No Comments

American Chambers of Commerce across MENA discuss regional development opportunities with investors and international organisations

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Thuraya: 2013 holds a range of surprises for users of mobile satellite services

  /  January 12, 2013  /  Business  /  No Comments

Muiz Saad, vice president of distribution of Thuraya for Mobile Satellite Services, talks to Daily News Egypt about the company’s scope of operations and its expansion plan for 2013

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Security in times of austerity

  /  January 5, 2013  /  Opinion  /  No Comments

If you’ve lived in Egypt long enough, you probably know that the police force is colloquially dubbed “the government.” It is the first arm of the government encountered by citizens in their daily lives. For read the rest…

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Government mulls over raising water prices

  /  December 26, 2012  /  Business  /  No Comments

Gradual increase in water prices, taking place over a five-year period starting with January 2013, would seek to control and regulate consumption

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Petroleum minister talks Arab cooperation during OAPEC

  /  December 25, 2012  /  Business  /  No Comments

A Jordanian delegation from the Egyptian-Jordanian Joint Committee came to discuss plans between the two countries to allow companies from the former to drill for oil in the latter

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Egypt’s credit rating on the slide

  /  December 24, 2012  /  Business  /  No Comments

S&P cuts Egypt’s credit rating to B-; fourth downgrade in 14 consecutive months

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Al-Saeed: Tax reforms are part of a programme to overcome the current crisis

  /  December 22, 2012  /  Business  /  No Comments

Changes in the tax code had been approved after the ministry had consulted with various business organizations, according to the minister of finance

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Democracy and the Egyptian experiment

  /  December 15, 2012  /  Opinion  /  No Comments

Us Egyptians are proud and our honour reigns supreme. It doesn’t matter if you’re a wealthy businessman or a destitute employee, an illiterate farmer or an erudite scholar, a petty thief or an upright gentleman, read the rest…

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Centamin fuel supply to resume

  /  December 14, 2012  /  Business  /  No Comments

Operations remain suspended due to a shortfall in working capital

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QNB in final stages of NSGB acquisition

  /  December 12, 2012  /  Banking, Business  /  No Comments

Qatar National Bank (QNB) Group announced that it is in “definitive agreement” with the French bank Societe Generale concerning the acquisition of its entire stake in National Societe Generale Bank Egypt (NSGB). Societe Generale owns read the rest…

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Developers demand balanced land contracts

  /  December 11, 2012  /  Business  /  1 Comment

Real estate investors are drawing up plans to create more balanced land contracts

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Public trust in public servants

  /  December 8, 2012  /  Opinion  /  No Comments

Looking at how the presidency chose to deal with last week’s turmoil, it has become increasingly difficult to find a silver lining. The dreadful sight of Egyptians killing one another over political beliefs with such read the rest…

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Price of engine oil doubles

  /  December 8, 2012  /  Business  /  No Comments

Calls for the Ministry of Petroleum to set price ceilings on oil companies

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ASEA to launch the Pan-African Index

  /  December 2, 2012  /  Business, interviews  /  No Comments

The President of the African Securities Exchanges Association (ASEA), Sunil Benimadhu, talks to Daily News Egypt, discussing Africa’s potential as an investment destination and the role of securities exchanges in promoting and benefiting from such potential.

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A dictator by any other name

  /  December 1, 2012  /  Opinion  /  No Comments

As social fissures deepen and clouds of bellicosity darken the skies of Egypt, threatening a deluge of violence, Morsy’s dismissive attitude reveals his once-masked dictatorial disposition. In his interview on Egyptian National Television, Morsy’s spoke read the rest…

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Mr President, you win this round

  /  November 24, 2012  /  Opinion  /  No Comments

“How did you get so powerful? They asked the Pharaoh. He retorted: there was no one to stop me.” At the expense of sounding cliché, this simple proverb about sums it up; the conception of read the rest…

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Gas import by private sector raises concerns in industrial community

  /  November 21, 2012  /  Business  /  No Comments

The Ministry of Petroleum aspires that the private sector would be capable of importing approximately 500 million cubic feet per day

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First tablet computer to be fully manufactured in Egypt

  /  November 20, 2012  /  Business  /  No Comments

The new device is planned to be offered at a consumer-friendly price through Etisalat outlets

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Brazilian trade and the Arab Spring economies

  /  November 19, 2012  /  Business, interviews  /  No Comments

The General Secretary and CEO of the Arab Brazilian Chamber of Commerce, Dr Michel Alaby, talks to Daily News Egypt about investment prospects and enhancing trade relations between Brazil and Egypt

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The IMF loan in the context of economic reform

  /  November 17, 2012  /  Opinion  /  1 Comment

The air of ambiguity surrounding Egypt’s receipt of the IMF loan provides a distraction from what the loan is really about, and the clandestine nature of the negotiations goes a long way towards substantiating the read the rest…

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EU-Egypt pact signed

  /  November 13, 2012  /  Business  /  3 Comments

Investors still remain timid of the high risk they would be assuming by pouring large investment into Egypt

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EGPC: Egypt sees slight bump in hydrocarbon production figures

  /  November 12, 2012  /  Business  /  No Comments

During the 2011-2012 fiscal year, public sector petroleum companies have generated revenues totalling EGP 14.7 billion, a 9 per cent increase from fiscal year 2010-2011

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Investment and our bipolar administration

  /  November 11, 2012  /  Opinion  /  No Comments

Drops of tax “reforms” have been percolating from the cabinet to the public over the past few days, leaving the latter surprised, bewildered and anxious as to what’s yet to come. Wednesday the government approved read the rest…

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