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“2019 better for paper sales”: head of printing, packaging, paper division

Undoubtedly, the floatation of the Egyptian pound severely impacted the publishing industry in Egypt. However, the more stable economic conditions became, the further hopes increased for an improved situation for such an important industry. The General Manager of the Printing, Packaging, and Paper Division in the Federation of Egyptian Industries, Mahmoud Hasanain, supplied Daily News …

Daily News Egypt

The public sector heavily influences where the direction taken by the Egyptian book industry Hassan Ibrahim

Book exports deprived of financial subsidies: head of ECBA

One of the biggest challenges that the publishing industry in Egypt is facing is the lack of government subsidies to finance such an important industry, impeding from reducing the burdens it is facing. Unfortunately, even Egypt’s publication exports—book exports in particular—also do not receive any type of support, especially financial subsidies, according to Ahmed Helal, …

Daily News Egypt

Passenger traffic at Egyptian airports increases by 12.1% in 2017

The total passenger traffic at airports reached 30.5 million passengers in 2017 up from 27.2 million passengers in 2016, an increase of 12.1%, the Central Agency for Public Mobilisation and Statistics (CAPMAS) announced on Monday in its annual bulletin of air transport statistics for 2017. The total number of flights increased by 1.5% reaching 281,000 …

Daily News Egypt

KarmSolar identified among companies to inspire Africa 2019: LSEG’s report

KarmSolar, Egypt’s fastest growing solar energy solutions company, has been identified by the London Stock Exchange Group (LSEG) as one of the Companies to Inspire Africa 2019 listing. The LSEG report acknowledged Africa’s most dynamic businesses. Companies need to be privately held, and show an excellent rate of growth and potential to push African development, …

Daily News Egypt

Fuel subsidies phasing out faces significant challenges which must be faced: WB

According to the recent report issued by the Energy Sector Management Assistance Programme (ESMAP) which is administrated by the World Bank (WB), Egypt’s economy was adversely affected by a growing energy deficit, in the aftermath of the Arab Spring , slowing economic growth, increasing poverty, and socioeconomic transition. Egypt faced growing fiscal pressures. With fossil …

Daily News Egypt

About 75% of fuel subsidies phased out till now, projected to be fully cut by 2020: secretary of fuel division at FECC

All the actions which have been taken since November 2016 until now definitely aim to boost economic growth, reform the Egyptian economy, according to the Secretary of Petroleum and Fuel Division at Federation of Egyptian Chambers of Commerce (FECC) Mohamed Abdel Moneam. He added that phasing out fuel subsidies is an essential procedure for the …

Daily News Egypt