Resumption of US-Egyptian strategic dialogue expected this year
“Terrorism is not just about fighting ISIS, and we should have a political, military, ideological, social, and economic mechanism,” says Egyptian ambassador to the US
Shaimaa Raafat
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Latest by Shaimaa Raafat
Kerdasa police massacre defendants to hear verdict on 24 April
Other Islamist figures to receive a decision regarding their release on 19 April
47% of cyber phishing attacks in 2016 are financial
According to Massachusetts-based cyber-security-solution firm Kaspersky, financial phishing attacks were at an all-time high last year, with financial attacks accounting for nearly half (47.48%) of the 155m phishing scams recorded in total. Phishing attacks cost the least for cyber criminals to launch. According to the “Financial Cyberthreats in 2016” report, financial phishing attacks increased by …
Accelero Capital acquires ownership of its largest shareholder OTMTI
Accelero Capital, the investment and management group, has announced on Tuesday that it has acquired ownership interest of its largest shareholder, Orascom TMT Investments (OTMTI), in a management buyout. According to the press statement, the transaction will include the discontinuation of the management of certain assets for which Accelero Capital currently provides management, consultancy, and …
Info-graph: Egyptian agriculture exports
Elie Saab pays tribute to Egypt with retro silhouettes and embroidered sailboats
Last week, a single photo of a sailboat embroidered amid blue beads on a luxurious organza fabric broke the internet. The elaborate embroidery became the number one highlight from the current season of Couture Week in Paris after the designer behind it shared further details with none other than American Vogue. Elie Saab, the pioneering …
Libya’s neighbouring countries should find solutions to its turmoil: Shoukry
Al-Jamaly praised the active role of Egypt in finding solutions to the political unrest in Libya
In Cartoon: Red Sea islands
Evacuation of Tahrir’s iconic bureaucratic building Mogamma begins
Employees will not be relocated until alternative offices are set up; process expected to last for a year
Engineers Syndicate leader to remain in detention for ‘inciting protests’
Syndicate secretary general Fathy Abdel Latif was arrested a day before 25 April anti-government protests
Egypt’s budget: optimistic aspirations and a difficult reality
The government hopes to reduce the budget deficit to 9.8% and control public debt by raising revenue and reducing expenses.
Verna is Korea’s best player in Egypt
Verna topped sales for Korean models in January and February, with sales standing at 2,415 units worth EGP 220m.
Worker arrested ahead of Labour Day protests
Security presence hinders scheduled labour protest in downtown Cairo
Emaar Misr records best financial leverage in Egypt with 0.043 ratio
Financial leverage is the index that measures corporate debt position by dividing shareholders’ equity on the debt obtained by the company to repay its obligations or finance its projects
Sobhy discusses counter-terrorism efforts with US congressional delegation
The delegation was headed by Republican Senator Lindsey Graham
Regeni was interrogated before he was found dead: Reuters
Prosecution official quoted autopsy results stating alleged indicators of interrogation
EGP 1.9bn in Verna sales in 2015
The Hyundai Verna topped the list of best-selling Korean cars, achieving sales of EGP 1.9bn throughout 2015, selling 21,000 units. The Verna is considered the cheapest Korean car in Egypt. Meanwhile Hyundai’s Elantra increased to second place, overtaking the Hyundai ix35. The Elantra achieved sales estimated at approximately EGP 1.1bn for 6,801 cars sold, while …
Crown Exports to establish sorting, packaging plant for fruit and vegetables with investments of EGP 10m
Crown Exports will participate in the Fruit Logistica exhibition for the first time in Germany in February.
OFID grand $40m loan in coordination with SFD
The loan will have a 4% interest rate, and the fund has provided Egypt with more than $950m, says representative
Mona Iraqi acquitted in Ramses bath house trial
The controversial TV presenter was accused of broadcasting false claims of “debauchery”
Themar for Real Estate lists Montazah Elegance in Alexandria for sale
The project is being developed in cooperation with the Egyptian Emirates group, which has overseen construction, while Themar manages development and marketing for the project
$6bn investment opportunity in wind and solar to 2018: EFG Hermes
Egypt needs to add about 8GW of renewable power to its energy mix
Qalaa Holdings divests from MGM and UGC for EGP 828m
The company has sold its shares in several companies including Sudanese Egyptian Bank and Pharos Holding
EU to launch €20m programme in Egypt in 2016
Programme provides technical assistance to trade and export sectors
Ministry of Sports to use tourism companies’ buses in E’raf Baladk Campaign
The agreement provides fees of EGP 4,700 per bus for a round trip
Future of ‘Islamic State’: Not merely religion
By James M Dorsey and Mushahid Ali As the threat from “Islamic State” (also known as IS or ISIS or by its Arabic acronym of Daesh) continues to grow, US-led coalition forces have intensified their aerial attacks on IS militants and strategic installations in Syria and Iraq, in a concerted effort to destroy and degrade the …
Qatari handball team qualifies for Olympics
Success in reaching Olympic Games is a first for the small Gulf nation
Shoukry reviews developmental projects with Japan
President Al-Sisi to visit Japan in early 2016
Court sets 20 March to issue verdict on Rassd News Network
The lawsuit seeks a ban on RNN, accusing it of spreading false news
Doctors mourn Dahlia Mehrez, demand infection allowance increase
We hope there is a wise man in this country who listens to the doctors’ demands, says Rashwan Shaaban