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Euromoney Conference: Siemens addresses the energy challenges of Egypt

  /  September 16, 2014  /  Business  /  No Comments

Siemens, the global powerhouse in electronics and electrical engineering operating in the energy, infrastructure, industry and healthcare, demonstrated today the importance of dialogue between the public and private sectors in Egypt through its participation in read the rest…

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Euromoney Conference: New IPOs to revive stock market

  /  September 16, 2014  /  Business  /  No Comments

Opportunities in petrochemical, real estate, and start-up companies

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Capital market eager to present exchange traded funds (ETF) to investors: EGX chairman

  /  September 16, 2014  /  interviews  /  No Comments

Infrastructure, telecommunication and real estate show stock market promise

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2 projects comprising investments of $3.5bn included in company’s long-term plan: Basil El-Baz

  /  September 16, 2014  /  interviews  /  No Comments

By Alia Stohy and Mahmoud Al-Qasas The Carbon Holdings Company is planning to present its initial public offering (IPO) to the main stock exchange at the value of $2 billion. The company nearly resolved negotiations read the rest…

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Current government will not raise petroleum product prices: Planning minister

  /  September 16, 2014  /  interviews  /  No Comments

National investment veered off its developmental course and we seek to resolve the financial entanglements with government agencies, says El-ArabyBy

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Investment opportunities in Suez Canal Project are endless: Dar Al-Handasah director of operations

  /  September 16, 2014  /  interviews  /  No Comments

Closeness of name between company and army’s engineering corps led to confusion

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Euromoney Conference: Egypt’s economic summit under the microscope

  /  September 16, 2014  /  Business  /  No Comments

The business and financial community awaits the Egyptian government’s economic plans to be revealed during the Sharm El-Sheikh summit to be held at the end of 2014 or early 2015. The plans are expected to read the rest…

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12.5% deficit in FY 2013/2014 budget, financing gap valued at EGP 10-11bn: Finance minister

  /  September 16, 2014  /  interviews  /  No Comments

CBE’s temporary ‘financial’ account is strategic reserve and will not be used to solve budget deficit

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Upcoming period is busy time for petroleum industry: Petroleum minister

  /  September 16, 2014  /  interviews  /  No Comments

Although there will be a $2bn in debts to foreign partners by year end, ministry has paid back $11.2bn to foreign companies during FY 2013/2014

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As much as 20% or more of Egypt’s energy could be solar: Consilio CEO

  /  September 16, 2014  /  interviews  /  No Comments

Solar energy is a supplemental source as it requires subsidies and storage to meet peak hours

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Larger stake in Palm Hills sought: Ripplewood CEO

  /  September 16, 2014  /  interviews  /  No Comments

Collins affirms commitment to support Egypt’s economic recovery, interest in more opportunities in the country

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Sobhi meets French counterpart to exchange views on regional security

  /  September 16, 2014  /  Egypt, Politics  /  No Comments

Defence ministers and Egyptian chief of staff discussed cooperation in various fields and latest developments

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Euromoney Conference: Tourism Development Authority needs major upgrade

  /  September 16, 2014  /  Business  /  No Comments

The Egyptian official said that the authority needs to undergo a major restructuring in the coming period.

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Euromoney Conference: CAOA approves restructuring process, set to establish new departments

  /  September 16, 2014  /  Business  /  No Comments

Tourism Activation Authority will introduce new departments to market to various types of tourists and attract new consumers

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Euromoney Conferences: Egypt eyes more Southeast Asian, Gulf tourists

  /  September 16, 2014  /  Business  /  No Comments

The Egyptian Tourist Authority (ETA) seeks to attract more tourists from Asian and the GCC (Gulf Cooperation Council) as visitors from these countries have largely stayed away since the 25 January Revolution due to political read the rest…

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Euromoney Conferences: ETA marketing budget to be slashed by 25%

  /  September 16, 2014  /  Business  /  No Comments

Marketing budget cuts pushes Egyptian Tourism Authority to make-do with participation in international bourses and increase private sector coordination

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90% of energy subsidies to be lifted within 3 years: Finance minister

  /  September 16, 2014  /  Business  /  No Comments

IMF assessment of Egypt’s economy still due before the economic summit, with goal to restore international market confidence, says Dimian

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Egypt waiting for ‘appropriate moment’ to issue dollar bonds: Finance minister

  /  September 16, 2014  /  Business  /  No Comments

Too early to define the yearly percentage that will be removed from energy subsidies, Dimian says

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Hunger strikers outside jail reach 295 nationwide

  /  September 16, 2014  /  Politics  /  No Comments

Strikers, whether independent activists or others belonging to political groups and parties, are in Cairo, Giza, Alexandria, Luxor, Sharqeya, Kafr Al-Sheikh, Daqahleya, Beheira, Fayoum, Sohag, South Sinai and Suez

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President Abdel Fattah Al-Sisi to Daily News Egypt: Egypt’s Blueprint for Stability, Investment and Growth

  /  September 16, 2014  /  Egypt, Politics  /  No Comments

Growing confidence also rests on the structural reforms the government has already implemented – as well as on the many additional reforms still in the pipeline – to correct fundamental deficiencies in our economy.

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150 days around Egypt

  /  September 15, 2014  /  Lifestyle  /  No Comments

University student to spend five months travelling over 8,000 kilometres by bicycle and film his journey

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Novartis grows by 15%: CPO Head and Country President

  /  September 14, 2014  /  interviews  /  No Comments

The Daily News Egypt interviewed Novartis’ CPO Head and Country President Basyouni Abouseif and chief scientific officer at the company, Sameh Rakha, to discuss the company’s progress in Egypt, and the introduction of breakthrough medications read the rest…

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Egypt redirects US military relationships

and   /  September 14, 2014  /  In Focus  /  No Comments

Government’s anti-terrorism statements believed to be for “media consumption”, expert says

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Egypt and France to discuss combating international terrorism

  /  September 14, 2014  /  Egypt, Politics  /  No Comments

France changes stance towards Egyptian politics: political analyst

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Dissolution of Ultras group delayed

  /  September 14, 2014  /  Egypt, Politics  /  No Comments

Court yet to rule on Mortada Mansour’s call to designate Ultras group a terrorist organisation

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Missing engineer case is clear human rights violation: ANHRI

  /  September 14, 2014  /  Egypt, Politics  /  No Comments

Engineer missing after security men arrested him without charges

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Hacking like Egyptians

  /  September 14, 2014  /  Culture  /  No Comments

After juggling between spaces, “Cairo Hackerspace” settles in studio at Townhouse Gallery

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An unlearned lesson from 9/11

  /  September 13, 2014  /  Opinion  /  No Comments

By Dr Cesar Chelala On a rainy morning in April 1958, in Washington DC, Ezra Pound – then a 72-year-old man – was declared “incurably insane” by Judge Bolitha J. Laws, who set him free. As he read the rest…

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Fighting the Islamic State: What about the day after?

  /  September 13, 2014  /  Opinion  /  No Comments

By James M. Dorsey The beheading of a second American journalist and the likely execution of a British national have left  US President Barak Obama and other Western leaders few options but to step up read the rest…

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6 companies to have IPOs this fiscal year: EFG Hermes CEO

and   /  September 13, 2014  /  interviews  /  No Comments

Food industry likely to be the first to have an IPO, says Karim Awad

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