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Year End 2014: The economic rollercoaster

The past year witnessed political instabilities that reflected significantly on the Egyptian economy. Although 2014 had a rough kick start economically, some analysts have dubbed the year the best since the 25 January Revolution. With a newly elected president, who made many promises during his election campaign, many financial and legislative decisions were taken to …

Daily News Egypt

Whose economic president?

The opportunity for presidential hopefuls to announce their intentions is now. So far, two have made themselves known, former Minister of Defence Abdel Fattah Al-Sisi and Nasserist politician Hamdeen Sabahy. Perhaps others will announce their candidacy, but it is unlikely that any will greatly change the contest. Most expectations are that Al-Sisi will be elected …

Iris Boutros

Chinese company to develop 6 square km in Ain Sokhna

By Hassan Ghonema General Mohamed Refaat, acting head of the General Authority for the Northwest Suez Gulf Economic Zone signed a contract with the Chinese developer TEDA to develop 6 square kilometers in Ain Sokhna.  The project is the first phase in a larger development deal between Egypt and China, with the Chinese government having …

Daily News Egypt