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CEO of Fawry in dialogue with Daily News Egypt:

Value of financial transactions made through Fawry’s service $571m; 40 thousand outlets across the country for e-payment; one million transactions made daily through the company’s services; plans to expand to Arab Gulf countries in the coming period.

Daily News Egypt

Boss and battikh

  The first interview with former army chief-turned presidential candidate Al-Sisi was viewed by a majority of Egyptians. While some saw it in the air-conditioned comfort of their own home, on a street in downtown Cairo, it was displayed on a makeshift screen for anyone who happened to pass by. In true Cairene fashion, patrons …

Daily News Egypt

The Golden Age of Gas, Possibly: Interview with the IEA

The potential for a golden age of gas comes along with a big “if” regarding environmental and social impact. The International Energy Agency (IEA)—the “global energy authority”–believes that this age of gas can be golden, and that unconventional gas can be produced in an environmentally acceptable way. In an exclusive interview with Oilprice.com, IEA Executive …

Daily News Egypt

Euromoney: Ministry of Supply to procure up to 200,000 tonnes of wheat

Abu Shadi: We are determined to win the war on vendors’ inflated prices

The ministry will create the competition that forces vendors to sell for less
The ministry plans to complete 100 silos this fiscal year
Egypt awarded 7 silos, will issue tenders for 8 this month, and 10 next month
Rice exports are halted until sufficient amounts are secured for domestic consumption

Dahlia Kholaif

Euromoney: UK companies’ interest in Egypt is undiminished

In 2012 imports to the UK from Egypt totalled £624m and UK exports to Egypt were £921m; down significantly from two years earlier
The perception of Egypt generally in the UK and elsewhere is probably worse than it is in reality
Annulment of previous privatizations raises investors’ concerns

Joel Gulhane