Latest in Interviews Highlight
Latest in Interviews

Etisalat Misr investments this year up to EGP 3.5bn
Data Services main engine of telecommunications sector, accounting for 30% of revenues, says Hegazy

L’Oreal Egypt factory exports 85% of its production capacity: managing director
Factory seeks to increase productivity to 300m unit, says Julia

Domty targets increasing sales by 14% to reach EGP 2,700bn by end of 2018: vice chairperson
Targeting to reach about 8.9% profit margin on total sales by year’s end, says El Damaty

Tourism sector sees remarkable improvements, our performance numbers reflect this: Hilton Luxor general manager
The General Manager at Hilton Luxor Resort and Spa, Florian Gruhl, told Daily News Egypt that the tourism sector has seen remarkable improvements and that their performance numbers reflect this. Daily News Egypt sat down for an interview with Gruhl, who talked about Hilton’s plan in the coming five years, especially, after they received TripAdvisor’s …

US invested over $100m to conserve Egypt’s monuments, masterpieces over 23-years-old
States implements more cultural programming in Egypt than in most countries worldwide, says Klitz

US continues to work with GoE to resolve outstanding issues including market access for seed potatoes
USAID provided over $1.4bn to agriculture sector in Egypt since 1978

Currency crises in Argentina, Turkey will not affect Egyptian interest rate: Beltone Financial CEO
Bank’s current Aum Stand at EGP 33BN, Up from EGP 18BN last Year, Marking 83% increase

Tatweer Misr plans to develop 500 feddans in Sheikh Zayed
EGP16BN IL Monte Galala’s investments, 2,700 units sold out thus far, Says Managing Director

PACT studies developing residential, commercial projects at New Administrative Capital, West Cairo
Company marketed 40% of project, Says President

Projects studies developing two real estate projects in New Cairo, Sixth of October
EGP 10BN investments of Blues Tiffany North Coast Project, Eg 2BN expected sales by Year-End

Al Ahly directs EGP 1bn in projects’ construction works
Daily News Egypt sat down for an interview with Sabbour, whereby he said that his company aims to achieve EGP 6bn sales in the current year

EU dedicates €113.3m funds to Egypt in 2018: ambassador
€11BN total ongoing aid commitments of EU Member states, EU institutions, EFI to Egypt, says Surkoš

27 companies receive lands in MU23 at New Administrative Capital
16 banks receives plots of land in business district out of 30 banks

Keeping reform momentum, revolutionising Egypt’s business climate way forward: co-founder and managing director of Qalaa Holdings
ERC to be commercially operational in 2019, plans for next phase of growth across the group

MCIT targets 10% growth, increasing ICT sector GDP share to 3.1%: minister
We will do number of investment incentives, mainly tax exemption of 50% for investors in technological parks, says Talaat

Stability drives increase in tourism revenues: Al-Mashat
Private sector contribution at 98%, Ministry’s role mainly organisational

Industry Ministry develops policy to identify manufacturing opportunities: minister
Egypt Capable of manufacturing Everything even rockets, says Nassar

We aim to achieve surplus, reduce overall deficit to 8.4% of GDP: finance minister
Plans to offer five other State-Owned Companies in Q1 2019

Electrical connection with Saudi Arabia with $1.56bn investments: minister
Future Electricity production investments amount to EGP 152.3BN

First club for pharmacists to be opened in January: head of Pharmacists Syndicate
Recent price increase for best interest of citizens, we will not allow further increases, says Obeid

Consumer compensation may reach EGP 1m if item is defective
New law deals with electronic commerce and telemarketing

Egypt’s new government focuses on education development, the EJS will apply Egypt’s new national curriculum with additional Tokkatsu activities: JICA’s new Chief Representative
JICA’s total funds for Egypt amount to $8.5bn including all cooperation schemes, says Omura

Marseilia Group launches mini-stadium on beach for first time in northern coast
We wanted to change North Coast Map with unique projects with Egyptian hands,international expertise

Indian embassy prepares business mission visit from Gujarat state to Cairo, Alexandria
Three ministerial meetings on new Indian ambassador’s agenda, says Kulshreshth

South Sudan reconciliation deal raises concerns over undermining previous war crimes
Deal between government, conflicting factions has been reached earlier this month to stop fighting

Egypt, Thailand to adopt five-year joint action plan in economic activity: Thai ambassador
Egypt has more tourism resources than Thailand especially, related to ancient civilization, says Keratiyut-wong

GAFI, Egyptian Chamber of Commerce expected to visit Philippines in H2 2018
Authority completed one-week tour of Philippine industrial, technological parks

IFE cooperates with FRA to double premiums volume within three years: IFE’s chairperson
Federation to launch awareness camping about insurance in September, says Al-Zoheiry

Fund project growth to reach 6%, unemployment rate, inflation to fall to 7%: IMF’s senior resident representative to Egypt
Strong private sector essential for job creation, this requires improving business environment, governance, transparency, access to finance, accountability of public institutions

SWISS of Lufthansa Group to offer one weekly flight to Hurghada in 2018/19 winter schedule
Group currently operates 30 weekly flights from Cairo to its four hubs in Europe