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Gras Savoye France declares Egypt a regional hub for reinsurance in the Middle East and Europe: Hamid Mabrook, managing director of Gras Savoye Masr

  /  August 31, 2014  /  interviews  /  1 Comment

By Mohammad Azab Gras Savoye Reinsurance Brokers recently announced the Arab Insurance Federation Conference, scheduled to be held in Sharm El-Sheikh and attended by a delegation of the group’s representatives in Egypt and France. The read the rest…

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MisrLife Insurance Company eyes 40% market share: Chairman

  /  August 31, 2014  /  interviews  /  2 Comments

By Fahd Omran MisrLife Insurance Company posted a 21% premium growth rate for individual, group and health insurances by the end of last year, compared to June 2013. The achieved growth is linked to several read the rest…

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6m tax-exempted Suez Canal investment certificates to be issued: CBE governor

  /  August 31, 2014  /  Business  /  1 Comment

Following the presidential approval of the Suez Canal investment certificate law, protocol to be signed between CBE, four public banks and the Suez Canal Authority

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Hermes allocates EGP 50m for development projects in Upper Egypt, 20m for ‘Long Live Egypt’ fund

  /  August 31, 2014  /  Business  /  No Comments

Investment bank EFG-Hermes Financial has allocated EGP 50m for its sub-organisation Hermes Foundation for Social Development in order to pursue development projects in several villages in Upper Egypt beginning early 2015, according to the bank’s read the rest…

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3rd year tourism losses will raise insurance premiums 15%: Former Hotels Chamber head

  /  August 31, 2014  /  Business  /  1 Comment

Losses in the tourism sector for the third year in a row are causing companies to raise insurance premiums on hotels and tourist facilities by 15% due to new risks

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6 detained in clashes between Ahrar members, security forces

  /  August 31, 2014  /  Egypt, Politics  /  2 Comments

Ahrar movement organises protest in memory of its members’ casualties last August

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Court cancels earlier decision on Pharmacists’ Syndicate

  /  August 31, 2014  /  Politics  /  1 Comment

Appeals court cancels earlier decision to put Pharmacists’ Syndicate under judicial guardianship

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Egyptian security investigates Sinai beheadings

  /  August 31, 2014  /  Egypt, Politics  /  1 Comment

Security official says “unsure” whether beheading video is in Egypt or not

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11 killed in microbus accident

  /  August 31, 2014  /  Egypt, Politics  /  2 Comments

Five people are being treated for serious burns following microbus fuel tank explosion

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Shoukry looks to increase cooperation on Europe tour

  /  August 31, 2014  /  Egypt, Politics  /  2 Comments

Egyptian foreign minister begins four day tour of European capitals

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Ultras White Knights members detained after protest

  /  August 31, 2014  /  Egypt, Politics  /  1 Comment

At least 30 Ultras White Knights members handed 15 days preventative detention, says group leader

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On selling out, censorship, and nostalgia: Rappers reflect on society

  /  August 31, 2014  /  Culture  /  1 Comment

“Rap was originally founded to confront racism and police brutality. In Egypt we modify it to match our needs to protest oppression and economic turmoil,” says Romel B of 3adam El En7yaz group.

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The MB, AQ, ISIS and Al-Azhar’s crisis

  /  August 30, 2014  /  Opinion  /  2 Comments

By Mohamed Selim The unfortunate daily events that are unfolding in Syria, Iraq, Lebanon, Egypt, Yemen, Tunisia and Libya, are prompting the question: when will the entire region fall into the hands of radical Islamists? The read the rest…

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Egypt’s identity: Hovering between love and rule of law

  /  August 30, 2014  /  Opinion  /  4 Comments

By Mohammed Nosseir Egyptian rulers gamble when they think that they can manipulate the national identity to serve their political goals. Each ruler has his own perception of the Egyptian identity that he wants to impose read the rest…

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NBE receives 800 applications for mortgage funding for low- and middle-income individuals

  /  August 30, 2014  /  Business  /  1 Comment

The Central Bank launched a mortgage financing initiative in April with EGP 10bn for mortgage financing activities. The funds could be used to finance housing for low- and medium-income individuals with concessionary terms for a period of 20 years.

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Finance Ministry replaces over 42,000 taxis in three phases

  /  August 30, 2014  /  Business  /  No Comments

By Ayat Al-Batawi The Ministry of Finance has renewed 42,300 taxis over three stages of funding, with ministry sources saying that 1020 taxis were replaced and renewed during the 2013/2014 fiscal year. A finance ministry read the rest…

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‘Helwan Brigades’ are Muslim Brotherhood members: Interior ministry

  /  August 30, 2014  /  Egypt, Politics  /  1 Comment

Group announced in a video released in August solidarity with the Brotherhood, but denied being members

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Gas imports from Israel to save Egypt $10 per million BTUs

  /  August 30, 2014  /  Business  /  No Comments

LNG will not be sufficient to meet actual needs of all sectors: Medhat Youssef

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Badie handed life in prison; 6 others given death penalty in Istiqama Mosque Trial

  /  August 30, 2014  /  Egypt, Politics  /  2 Comments

Headquarters trial – where Badie and deputies Khairat El-Shater and Mohamed Bayoumi are charged with inciting the killing of protesters – postponed to 8 September

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Militants claim to behead 4 in Sinai

  /  August 28, 2014  /  Egypt, Politics  /  3 Comments

Ansar Beit Al-Maqdis claims to have beheaded four men it claims gave information to Mossad

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Egypt’s NGOs under threat: rights groups

  /  August 28, 2014  /  Egypt, Politics  /  2 Comments

Civil society groups say their attempts to register have been refused or ignored

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The Egyptian state: ‘The only leader’

  /  August 27, 2014  /  Culture  /  No Comments

State policy in managing mosques presumes Muslim unity on ‘the official Islam of the state’, according to study

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Gulf States and their US critics seek to shape US perceptions on football pitch

  /  August 27, 2014  /  Opinion  /  1 Comment

By James M. Dorsey Gulf states seeking to polish images tarnished by allegations of violations of human rights and their critics are employing football in an effort to shape American perceptions. At stake for countries read the rest…

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International conference to revive Downtown as heritage area via presidential commission

  /  August 27, 2014  /  Business  /  No Comments

The government is set to hold an international conference, commissioned by President Abdel Fattah Al-Sisi, to revive Downtown Cairo as an important Middle Eastern heritage area after transferring street vendors to a new location. Prime read the rest…

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Egypt has 18th slowest broadband in the world: Ookla

  /  August 27, 2014  /  Technology  /  No Comments

In February, thousands of Egyptian attempted to start an “internet revolution”, protesting against poor services and high prices

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Al Qalaa targets 25% revenue growth, $700m from noncore industries’ exit: Hisham El-Khazindar

  /  August 27, 2014  /  Business  /  No Comments

Company expected to announce details on new exit before the end of 2014, according to co-founder and managing director

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Tablets remain ‘untapped market’ in Egypt: Nielsen

  /  August 27, 2014  /  Technology  /  No Comments

Ages of tablet users vary between 20 and 55 years old, consumer behaviour firm noted

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Unified licence to be launched in September: Communications ministry

  /  August 27, 2014  /  Technology  /  No Comments

The three mobile service operators have agreed to the licence’s terms for offering landline services

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Open-ended Gaza ceasefire reached

  /  August 27, 2014  /  Egypt, Politics  /  1 Comment

Hamas claims victory, Israel claims military pressure forced Palestinian factions into agreement

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Second round of literary festival attracts thousands of young Egyptians

  /  August 27, 2014  /  Culture  /  No Comments

Eighteen writers share their stories and experiences with the readers’ community at Sawy Culturewheel

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