Latest in Interviews Highlight
Latest in Interviews
Upcoming period is busy time for petroleum industry: Petroleum minister
Although there will be a $2bn in debts to foreign partners by year end, ministry has paid back $11.2bn to foreign companies during FY 2013/2014
As much as 20% or more of Egypt’s energy could be solar: Consilio CEO
Solar energy is a supplemental source as it requires subsidies and storage to meet peak hours
Larger stake in Palm Hills sought: Ripplewood CEO
Collins affirms commitment to support Egypt’s economic recovery, interest in more opportunities in the country
6 companies to have IPOs this fiscal year: EFG Hermes CEO
Food industry likely to be the first to have an IPO, says Karim Awad
More antiquities intended for smuggling detected, others to be returned soon: Tourism Police
Heavier legal price for those who ‘encroach on tourists’ even if victim drops charges, says assistant interior minister
Criminal acts distort the image of Islam: Grand Mufti’s consultant
Ibrahim Nigm criticises foreign media rhetoric on religion
‘Building a strong parliament essential for bringing about normalised democracy’: Nick Harvey
British politician Sir Nick Harvey shares his views on coming parliamentary elections in Egypt and the importance of coalitions
Egypt optimistic about tourism recovery from October: Tourism minster
Minister of Tourism Hisham Zaazou expressed optimism on restoration of Egyptian tourism this October after eight countries lift Sinai travel warnings and Arab tourists return
SFD plans to allocate EGP 2bn to fund projects by year-end: Secretary General
By Ayat Al-Batawi In December 2013, the board of directors of the Social Fund for Development (SFD) approved a budget of EGP 3bn for 2014 to finance development programmes of small enterprises and labour-intensive projects. Since the beginning of 2014, the Social Fund for Development has given a special attention to Egyptian youth, spending EGP …
Gras Savoye France declares Egypt a regional hub for reinsurance in the Middle East and Europe: Hamid Mabrook, managing director of Gras Savoye Masr
By Mohammad Azab Gras Savoye Reinsurance Brokers recently announced the Arab Insurance Federation Conference, scheduled to be held in Sharm El-Sheikh and attended by a delegation of the group’s representatives in Egypt and France. The conference will transform Gras Savoye Egypt from a reinsurance broker for Gras Savoye RE Egypt into Gras Savoye RE International …
MisrLife Insurance Company eyes 40% market share: Chairman
By Fahd Omran MisrLife Insurance Company posted a 21% premium growth rate for individual, group and health insurances by the end of last year, compared to June 2013. The achieved growth is linked to several reasons, including the high level of customer service, the company’s outstanding efforts of promotion and the expansion of group contracts. …
Egypt is witnessing less freedom of expression than under Mubarak or Morsi : John R. Bradley
Daily News Egypt interviewed Bradley to discuss Egypt’s internal political situation and its foreign affairs, ranging from human rights abuses to the recent geopolitical developments in the region.
Smartphones to make 32% of all Egyptian mobile sales by 2016: SONY
Outlining the strides made in the Egyptian market, SONY Marketing Manager in the Middle East and Africa Younes Cherkaoui disucsses the company’s influence on the smart phone market and Egyptian receptiveness to the latest technology.
Shell Lubricants to reach competitive market share in Egypt by year’s end: Managing Director
Daily News Egypt talks to Shell Lubricants Managing Director Saher Hashem to find out more about the company’s plans to make itself a market leader in the lubricants sector.
Arab Contractors to significantly expand Egyptian and Saudi operations: Chairman
In an interview with Al-Borsa, company Chairman Engineer Mohsen Salah talks about the the company’s upcoming expansion projects in Egypt and Saudi Arabia.
Egypt has considerable problems in its penal institutions: Nasser Amin
NCHR member Nasser Amin speaks to the Daily News Egypt about human rights issues in Egypt
Xerox targets over 20% YOY growth: General Manager of Xerox Egypt
The company dominated the products segment in the banking sector, Ashraf Al Arman noted
Mobile phones are next generation’s tool for electronic payment in Egypt: VISA
Mobile phones are crucial to Visa’s Egypt strategy and their use in making payments is a pillar of Visa’s holistic financial strategy, according to Tariq El-Husseini, North and West Africa Visa General Manager. El-Husseini said that the financial usage of mobile phones in Egypt has so far been limited to transferring funds from one person …
Aramex to invest EGP 150m to expand storage, transport activities over next 2 years
In an interview with Daily News Egypt, CEO of Aramex Africa Samer Gharaibeh said that the company currently has a storage capacity of 106,000 square metres and hopes to add another 28,000 over the next two years.
General Authority for Tourism needs restructuring: Egyptian Federation of Chambers of Tourism chairman
Authority needs change to revitalise incoming tourism, according to consumer studies on the perception of Egyptian tourism abroad
Electronic payments benefit people excluded from formal financial services: MasterCard Country Manager
In an exclusive interview with the Daily News Egypt, Magdy Hassan, Country Manager of MasterCard Egypt, highlighted the programmes and services the credit card provider offers. He also highlighted the “Road to Inclusion Report” adopted by MasterCard.
TDA intensifying financial demands from investors over next fiscal year: Authority CEO
Tourism Development Authority also demanding reconsideration of allocation decisions for projects that have only been 10% implemented
Agiba Petroleum Company to produce 63,000 barrels of crude oil daily through FY 2014/2015: Chairman
Egypt undergoing crisis providing fuel for local market while it also faces difficulty in paying dues to foreign companies in the petroleum sector
Start-ups don’t just need money; they need connections and mentorship: Ramez Mohamed, CEO, Flat6Labs
Daily News Egypt sat down with the company’s CEO, Ramez Mohamed, to discuss its operations, challenges to start-ups and investors in Egypt, and future vision.
Conversation with Hassan Aziz, President of Egyptian Federation for Private Aviation
Federation hopes for 10% of total passenger traffic to and from Egypt by end of year
Samsung aiming to become largest home appliance brand in 3 years: Official
Daily News Egypt interviewed Ayman Saber, the head of the Home Appliance Division of Samsung Egypt, who said his company is capturing market share with a combination of technological innovation and stylish design.
Product pricing to be ‘clear in next couple of weeks’: Nestle Northeast Africa CEO
Seoudi supermarkets shutdown “were tense days” but distribution is now back to normal, CEO says
Credit card client accounts valued at EGP 567m in April 2014: Barclays
Daily News Egypt speaks with Omar Baig, Retail Banking Director of Barclays Bank Egypt, the winner of Best Credit Card Product in Africa award for 2014.
We aim to raise eFinance revenues by 15% during 2014: e-finance Chairman
Ibrahim Sarhan, Chairman of e-Finance, says revenues will increase by 15% this year through expansion of existing projects and addition of new products
‘Titanium card’ to be launched next month: AAIB retail banking head
25000 clients using credit card in the bank, Verified by Visa (VBV) is safest way to shop online by AAIB, Himanshu Shrimali said