Latest in Interviews Highlight
Latest in Interviews

VoxEra offers new solution to high roaming charges
After a seven-day business trip, Amr Elgbaly, VoxEra founder and CEO, incurred over $500 of roaming charges. As necessity is the mother of invention, Elgbaly did not stop at paying his bill. Instead, he decided to exploit his seven years of experience in VoIP technologies to come up with a new technology. After some tests …

Egyptian government has bold vision to develop, digitise its economy: Visa CEO
Migration to digital payments improves lives of individuals, spurs economic progress, prosperity

Germany discusses with Egyptian government timing of disbursing €225m: KfW
Bank financed projects in Egypt worth €6bn, active portfolio at €1.8bn

Cardo plans to expand into Saudi market in early 2019
Company will double its investments in Egypt during 2H 2018

Factoring market holds EGP 10bn expected value: Muharram
A client’s case study requires one week to 10 days: Sadeq

New Administrative Capital will become unique symbol among African smart cities: Alstom
The French company Alstom, one of the biggest railway, tram, and metro manufacturers in the world, said that the New Administrative Capital that is being implemented by the Egyptian government will become a unique creation among smart cities in Africa. “We are interested in the implementation of metro and tram lines in the New Administrative …

Tatweer Misr launches 1st phase of its project Bloomfields at Cityscape
Company aims to market 25% of Il Monte Galala’s units abroad, says CEO

ARCO to invest EGP 2.2bn in projects in 2018
ARCO negotiating with ACUD to acquire 500 feddans

Projects company targets increasing Blues Tiffany sales to EGP 2bn by year-end
Blues Tiffany total investments reach EGP 10bn, says CEO

Beta Egypt to implement first phase of Beta Greens New Cairo with EGP 1bn investments
Company targets EGP 2bn sales from project during 2018, says chairperson

40% of new capital government district complete: ACUD
40,000-feddan 1st phase of new capital infrastructure costs reach EGP 130bn, says ACUD spokesperson

Schneider Electric’s Egypt operations reach €180m in 2018: energy vice president
Company constructing 40 MW solar power plants in Sharm El-Sheikh, Kamel says

El Mostakbal negotiates with pioneering companies to develop 1,000 feddans in Mostakbal City
EGP 3.5bn total contract for first, third phases of Mostakbal City, says Nasif

City Edge Developments targets EGP 1bn in sales this year in Etapa Project
Company plans to launch a new project in the North Coast this summer, says CEO

Egypt to inaugurate Grand Egyptian Museum in H2 2018
We received new $450m loan from Japan to complete museum, Tawfik says

Human resources, immigration, public education are recipe for Swiss success: James Breiding
Author of Swiss Made: The Untold Story Behind Switzerland’s Success visited Cairo to sign Arabic edition of his best-seller book

$5.6bn in trade between Egypt, US; expectations of greater growth this year: Boughner
The United States is actively working with Egypt to enhance trade relations between them and expand their bilateral trade flow, said Minister Counsellor for Economic Affairs at the US Embassy in Cairo James Boughner. He added, in response to emailed questions from Daily News Egypt, that the US is deliberating “with the Egyptian government to …

30-50% increase in Umrah programme prices in upcoming season: Basel El-Sisi
The prices of Umrah programmes will increase by at least 30–50% in the first phase of the upcoming pilgrimage season, according to Basel El-Sisi, former trustee of the Egyptian Travel Agents Association. A programme that was worth EGP 8,000 last season will be worth EGP 13,000 this season, he said, and the prices will jump …

Heitkenoffel plans to export fibre optics to Nile Basin, COMESA countries in 2019
Company targets 25% annual growth, plans to increase local components to 80%, Nofal says

Development of Sinai started in 1980s, was obstructed by terrorism: Hamid
Authority allocated EGP 109m to provide electricity to Bedouin communities, Jubail area

Egypt is not on international real estate export map: Albert
Colliers expects prices to rise 10% in 2018-2019, says Colliers International Middle East director

Innoventures seeks to establish investment fund with EGP 100m capital
Startup Reactor offers up to EGP 300,000 funding for emerging companies

Egypt among countries facing cyber threats in 2018: Kaspersky Lab
2018 could see ransomware attacks on industrial sector to obtain cryptocurrency, Suvorov says

The world has become more accepting of violence: former foreign minister
Dream of Ottoman caliphate is one of reasons why Turkey entered Syrian territory

MBG launches Pukka project in New Administrative Capital worth EGP 4bn
Company plans to launch another residential project in capital: Capital View, says chairman

Mars Wrigley looks to invest $100bn globally by end-2018
Company’s uses about 30% local raw materials in Egypt, says general manager

Arabian Cement not ruling out M&As to overcome fierce market competition
Company seeks to reinforce presence in Egyptian market, increase sales in 2018

Visa cooperates with Banque Misr, ExxonMobil to achieve financial inclusion: Visa GM for North Africa
Newly launched City of Dreams proved games can be powerful teaching tools

Cairo ICT was major boost for Genetec’s leading journey in architecture software
Genetec is global provider of IP video surveillance, access control, license plate recognition solutions unified in single platform, says Acra

Youth’s big problem: Motivation to work catalysed by fear instead of love
Young people should start exploring themselves, understand their skills, what they want