Latest in Interviews Highlight
Latest in Interviews

Noor ADSL targets expanded value-added services, offer internet service to individuals in 2017
High US dollar exchange rate and energy prices increased the cost of providing internet services by 40%

Cisco targets further growth in Egyptian market through 2017
We target 10% growth in our business size next year, says general manager for Egypt and Libya

ITIDA upholds slogan ‘Time for Egypt’ during Cairo ICT 2016
We’ve completed the first phase of technological parks in Borg El-Arab and Assiut, says Hosni

Samsung Electronics Egypt believes Egyptian pound flotation will benefit economy: vice president
Sales of televisions top the market with a 40% share, which registered sales worth $780m at the end of 2016, says Barakat

Bee invests EGP 70m out of EGP 100m allocated for Egyptian market
Size of transactions through Bee amounted to EGP 1.4bn in 2015, says Abu Khadra

Fawry focuses on mobile electronic payment services, payment solutions for e-commerce in 2017
40% expected growth for the size of the company in 2017

e-finance in cooperation with Visa, MasterCard to issue 5m smartcards
The financial institutions operation company e-finance aims to achieve revenues worth EGP 500m in 2017. The company’s priority is expanding in northern and central African markets to implement its expansion plan in the region so as to open its resources of US dollar income. CEO Ibrahim Sarhan told Daily News Egypt that the production capacity …

Etisalat to focus on data transfer and corporate solutions in 2017: CEO
Annual investments fall between EGP 1.5-2.5bn, says Metwally

Vodafone awaits NTRA approval to inaugurate 4G
Competition in ADSL market is complicated, and Vodafone is not bringing in profits from it

Microsoft to implement more than 60 government automation, data projects
Floating the Egyptian pound is the first step to improving the investment climate, says Abdel Kader

Egypt Post realises EGP 701m surplus over Q1 of FY 2016/2017
We will set up an e-commerce platform during Cairo ICT 2016, says Al-Saghir

Tarek Al- Awady: the man who chose to throw a stone in the politically stagnant waters of a turbulent Egypt
On 15 November Tarek Al-Awady, a middle-aged Egyptian lawyer famous for defending political prisoners, declared via a post on his official Facebook account that he will declare himself a potential presidential candidate in the upcoming 2018 elections. This announcement comes at a time when Egyptians are buckling under the weight of economic hardships, and elections …

Government should improve, otherwise it should quit: Free Egyptians Party head
The Free Egyptians Party supported the government’s decision to float the Egyptian pound and increase fuel prices in order to bolster the Egyptian economy, says Abed

Apache allocates $909m for drilling 97 wells in FY 2016/2017: Khalda Petroleum head
Company in discussions with foreign partner to increase investment and review plan in January

Mubasher set to acquire financial company to stimulate expansion plan: officials
We assigned a chartered accountant to begin establishment of Mubasher Holding, says Rashad

Consensual presidential candidate to be announced before coming election: Abdel Khalek Farouk
Security, fear of popular revolution reasons behind New Administrative Capital

A15 invests in 2 startups in fields of healthy food, e-commerce
Company investment portfolio has value of $3m, of which $800,000 has been invested, says Azer

MNHD plans to secure EGP 2bn via banking alliance, repay within 8 years
The company will propose Sarai’s tender within six months and launch K-Zone project in H1 of 2017

Al-Sisi must make a 180-degree change to his policies to save himself: Mamdouh Hamza
The mega projects being implemented across Egypt are not directly benefitting Egypt’s economy, said the prominent engineer

Justice is for everyone and we will be accountable if we violate that: MP Tarek El-Khouly
We were critcised by the Muslim Brotherhood after we announced their exclusion from our committee’s final lists

Trump will be easier for Egypt to deal with in regards to terrorism: Nabil Fahmy
Dealing with terrorism in the region can only be done by Arabs themselves, said the former foreign minister in an interview with Daily News Egypt

Political scene is experiencing a recession: Abaza
The general situation lacks a compass

India optimistic about Egypt’s economic potential: Indian ambassador
Indian investors are expanding their businesses in Egypt, new products will keep entering the market, says Sanjay Bhattacharya

Politics ‘nearly dead’ in Egypt, general situation frustrates everyone: Zahran
The current regime deliberately closed the door for political parties

PBDAC amends its main system after parliament approves law: chairperson
We will immediately begin to communicate with the World Bank to implement the restructuring of the bank, says Elkosayer

Youth Conference boldly addressed issues of youth, prisoners of opinion: Hafez Abu Seada
We have been too late in reviewing the Protest Law; we are waiting for Al-Sisi’s pledges on releasing youth, says member of NCHR

Egypt has massive potential, despite the current constrains: Oracle vice president
Launching 4G services provides the market with more chances for growth, says Steve Cox

Philips aims to expand its presence in Egypt’s market through new partnerships
Philips is working to employ LED street lighting technology across Egypt, says the company’s country manager for north and east Africa

Mövenpick Aswan completes marketing plan for attracting tourists this winter season: director of sales and marketing
The winter programme was created in cooperation with Misr Travel and the Egyptian National Railways with the overall goal of boosting tourism amid the current crisis

Bayt El Khebra Consultancy aims to attract investments to Egypt worth $2.6bn in 3 years: CEO
Bayt El Khebra for Investment and Financial Consultancy is currently considering a project to operate and manage container ships in the Suez Canal worth $600m in initial costs