59 Articles
The Country Chair and Managing Director of oil giant Royal Dutch Shell, Jeroen Regtien, talks to the Daily News Egypt, highlighting the company’s vision in post-revolution Egypt, the impediments curbing the organic growth of the sector and voices his suggestions on how the government can resolve structural hindrances.
Uncertainty in securities market over effect of new regulations
The majority of Egyptians believe the economy is in recession but are optimistic that the economy will recover during the coming 12 months
Proposals include projects in the fields of agriculture, tourism, small and medium sized enterprises, bio and renewable energy as well as vocational training
Minister Hani Mahmoud talks to the Daily News Egypt about the challenges facing the revitalisation of the ICT sector and sheds light on the government’s plan to overcome the stumbling blocks lying ahead
The petroleum ministry is in its final stages of sanctioning the importation of natural gas by the private sector of the hydrocarbon industry. Many questions come to mind as to the consequences of such move, considering the absence of information to clarify the mechanisms by which the government is proposing to implement this policy. Why …
The government’s prescription to treat the economic recession we’re currently enduring has been a two-fold solution of increasing foreign investment and seeking more international loans. The monetary policy of maintaining the stability of the Egyptian pound against depreciation is a top priority. But how long can the state keep this up? How overvalued is the …
During a media roundtable discussion the bank’s MENA regional head of retail banking and wealth management, Francesca McDonagh, announced the bank’s plan to open three new branches this year to cope with the growing residential developments in Egypt.
For several weeks now, state-run media has been depicting a somewhat rosy outlook on the economy. Government officials are downplaying the gravity of issues; prominent figures such as Hassan Malek spew comforting statements,citing the pending influx of foreign investment and loans from international financial lenders and governments. The IMF loan , which would shore-up the …
Could it all be just a big bubble? How big will the clout of zealous political Islam get before Egyptians begin to realise that it’s just another trick to mobilise masses and score votes? At the expense of painting with a broad brush, political Islam in Egypt might be a bubble close tobursting. The underdog …
The contagious wrath that has gripped the hearts and minds of Muslims over the despicable depiction of the prophet Muhammad in a widely circulating video is justifiably righteous. Yet, how we chose to channel that rage forces us to call into question the very essence of how we’ve come to interpret the teachings of our …
As part of the US delegation’s mission to Egypt, the Overseas Private Investment Corporation (OPIC), a US government financing institution, signed a $150 million deal with private equity group Abraaj Capital. The new commitment targets the enhancement and development of small and medium-sized enterprises (SMEs). Managed by Aureos Capital, Abraaj’s SMEs investment platform, the Riyada …
Tamer El-Naggar, CEO of TNS’s North Africa branch, one of the world’s leading marketing research companies talk to the Daily News Egypt
Mr Ram Mohan Rao, the Managing Director of Nielsen talks to the Daily News Egypt
Last week was quite eventful for our illustrious president. From his visit to China to his presence in the Non- Aligned Movement’s (NAM) summit, Morsy’s political clout has been progressively expanding as he strives to reinvigorate the image of Egypt, the leader of the Arab world. Since his ascent to power, Morsy has confidently taken …
Egyptian political theatre never fails to entertain, and its latest clowns and the sheer absurdity of their demands made for quite a show in these last few weeks. Mohamed Abu Hamed’s call for a “revolution” to end the rule of the Muslim Brotherhood and what he dubbed as the “ikhwanisation of the state” is …
Ending military rule is not just a bleak prospect; it is unequivocally a far-fetched dream.
U.S. Secretary of State, Hillary Clinton, announced during her visit to Egypt the establishment of an Egyptian-American fund to provide financing for small and medium sized enterprises (SMEs). Egypt is in need of such financing in order to achieve sustainable economic growth and to create jobs during the transitional period. The Secretary stated that …
The HUB FIX project connects the Egyptian Stock Exchange to markets across the world via the networks of Fidessa and ULLINK
Mr Ibukun Adebayo, the London Stock Exchange’s Head of Primary Markets for the MENA region, discusses the prospects of the country’s investors to trade in the LSE in light of political change
Ganzouri’s cabinet has approved the transformation of the Industrial Modernization Center (IMC) into a centre that focuses on the development of small and medium sized enterprises (SMEs). The goal of the new centre is to offer a variety of services to SMEs, as they account for 90% of total business in Egypt, provide 65% of …
In an effort to bolster sustainable economic development, the CrĂ©dit Agricole Bank of Egypt held a symposium yesterday in collaboration with several key organisations, titled “Supporting Trade and Investment.” Among the participants were the representatives of the Investment Network and EUROMENA Investment fund (ANIMA,), the General Authority for Investment (GAFI,) the Egyptian Junior Business Association …
The Aberdeen-based Dana Petroleum has completed the appraisal of two developmental wells in the Lorcan development lease located in the Gulf of Suez area. Drilling the first well, dubbed Fin-2X, started on the 12th of last of May using the Sino Tharwa ST-1 rig. The well has reached the depth of 9,700 feet at the …
Energy veteran British Petroleum (BP) has announced production of first gas from the Seth development block, located 60 kilometres offshore Ras El Bar, east of the Nile Delta.
EU leaders have concluded the two-day summit with three decisions that might just rescue the EU’s debt-stricken banks from a total calamity.
Despite what Egypt has been undergoing over the previous year and a half, the country has been successful in fulfilling its monetary obligations towards international lending institutions
World leaders convened in Los Cabos, Mexico on the 18th and 19th for the G20 summit. The tentatively optimistic spirit of the conference was evident in the pledge by member states to act collaboratively towards empowering sustainable economic growth within their markets. A pivotal point of the summit’s agenda was lending more attention to the …
More relaxed contractual terms are needed to secure investors interest.
Anxiety looms over the Global Financial Market.