Latest in Interviews Highlight
Latest in Interviews

EGP 10bn sovereign fund ready for investment in H2 of FY 2015/2016: Planning minister
Egypt will sign agreement with Saudi Fund for Development to provide fuel and natural gas credit facilities, says El-Araby

Etisalat Egypt targets 10% growth next year: CEO
Etisalat Egypt targets EGP 10bn investments over next five years, allocates EGP 2.5bn per year to improve network’s service

AfDB gives $800m to Egypt’s SMEs: Bank’s president
20% of all AFDB’s infrastructure projects connecting African countries also to connect power between these countries, says Kaberuka

Carbon Holdings hires Lazard to collect $3bn for Tahrir Petrochemical Project
We are waiting for the Congress to unfreeze Import-export bank to borrow $2bn for the project, says Helal

Mega projects are one avenue to boost growth in Egypt: Standard and Poor’s
Egyptian deficits still remain high when compared to other countries at similar rating levels

North Coast project launch targeted for next summer, EGP 1bn expected revenues: Omar Dorra
Lease contracts for Capital Business Park for two of the four remaining buildings will happen by Q1 of 2016, says Dorra Group Official

FAS awaits allocated land to activate Sharm El-Sheikh MOUs: General manager
FAS to announce investment in Suez Canal Axis soon, says Asfour

EBRD will see financing portfolio in Egypt rise to €2bn this month: El-Ahwani
17 settlements in international arbitration cases against Egypt, seven more are being contained

Making fast progress toward democracy is difficult: Dutch Ambassador
There may be a will to move toward democracy, but the tools available to the country’s leadership date from another era, says Dutch Ambassador to Egypt Gerard Steeghs

Bechtel seeks prominent role in Egypt’s infrastructure sector: David Welch
We as a company think that Egypt has been and will be a good place to work, says President of Europe, Africa and Middle East region

IFC commits $783m to MENA infrastructure in FY 2014/2015: Egypt director
There is much space for future PPPs in infrastructure, port expansions, and industrial and logistics zones, says Shousha

National project to build 60 silos to be completed in January 2016
Arab, foreign investors welcome participation in Global Logistics Centre for Grain project

Mid-term deficit revision expected during Q1 of FY 2016/2017: Dimian
Average spending of top 10% tranche to increase by 5.3%, while lowest 10% will increase by 0.05%

Tariff adjustments to be imposed on all imported goods, except iron: Industry minister
The Ministry of Industry and Foreign Trade targets 9% of industrial growth, says Abdel Nour

Economic reforms will continue to build on achievements: President Al-Sisi to Daily News Egypt
I do not discount the political and structural challenges that we have been wrestling and that still lie ahead: Egypt’s President Al-Sisi to DNE

Not enough capital in Egypt for start-ups: Flat6Labs Cairo CEO
Instead of investing in traditional sectors, businessmen could invest in start-ups, says Ramez Mohamed

Dopay targets 20 Egyptian companies in financial inclusion system
Approximately 90% of the Egyptians have no bank account

IT synergy’s profits to reach EGP 4-5m in 2015, EGP 9m in 2016
The tech company to have an EGP 8.6m IPO
Fujitsu targets 500 companies in various fields to provide its products
Only 10% of companies are using up-to-date document scanners in their business operations
NBE studies granting EGP 6bn to 32 large companies
Demands from foreign investors received, mostly from the Gulf, to fund projects of March’s Economic Summit and Suez Canal, says Yassin

Supporting sharing economy, reaching users via mobile-phones most important strategies: Dubizzle
Mobile phones, computers, accessories, and clothing are the most active sections on the website

Banque du Caire aims to raise assets to EGP 80bn and achieve an 11% growth in deposits: Bank managers
We have a lot of liquidity that enables us to expand, we aspire to achieve a 21% growth in loans: El-Zahid

East Port Said receives presidential approval, work to start this month: Zaki
Investments required in mega project exceed $50bn-$60bn, says Dar Al-Handasah Director of Operations

Death sentences for Brotherhood members are pending, will not be carried out in this collective manner: Amr Moussa
In his interview with Daily News Egypt, Moussa opens up on the thorny issues witnessed by Egypt and the wider Arab region.

Petrochemical projects studies being prepared within new Suez Canal Axis Development plan: Petroleum Ministry
“We are participating in implementation of two tunnels, for cars and trains, under canal north of Ismailia,” says Ismail

International conference to promote Suez Canal Development Axis’ final plan: Salman
Suez Authority and canal’s economic area will be merged by Prime Minister’s decree

ABB studies investing in infrastructure, logistics in Suez Canal
ABB studies the plan to invest infrastructure and logistics projects in the Suez Canal projects; we may provide developed ship motors equipment with ABB’s products

Omega Soft provides Suez Canal with 45 applications for free
We offered SCA to manage and operate the Suez Canal through the company’s applications and IT solutions

Abo El-Sebaa Weaving Group searching for strategic investor to repay debts: Chairman
We hope to re-operate the group’s factories with EGP 50m, but a number of banks refused

Foreign offices to promote New Suez Canal Axis project: Tourism minister
Egyptian tourism income increased to $3.3bn from January to June versus $3.2bn in the same period last year