Latest in Tag: Daily News Egypt Highlight
Latest in Tag: Daily News Egypt
Egypt condemns deadly mosque bombing in Nigeria
At least 120 dead and 270 injured in double suicide bomb attack on Kano’s Grand Mosque

Egypt repays Qatari deposit worth $2.5bn: CBE governor
Governor also downplays negative effects on foreign currency reserves

224 arrested in Friday protests: Interior ministry
Officials provide conflicting figures on the numbers of protester deaths

âState of Sinaiâ claim attacks as part of âIslamic Youth Uprisingâ
Armed forces release conflicting information, saying militant groupâs announcements not to be trusted

Future of real estate in Egypt a prominent theme in Abu Dhabi investor conference
Egypt is the largest real estate market in the region and its demographics suggest huge potential for growth

Dana Gas, Egyptian government negotiate agreement, with UAE support
âEgyptâs economic stability is a mustâ: UAE Minister of State Sultan Al-Jaber

10,000 children participate in the Global Hand Washing Day
In celebration of Global Hand Washing Day, “Lifebuoy” soap brand launches a National Hand Washing Campaign to raise awareness on the importance of hygiene

Legal environment, lack of transparency challenge economy: UNB board director
Investment opportunities can be created through improving infrastructure and providing support to the sectors, Mohamed Nassar Abdeen says

EGP 120bn investments in communications sector over the next five years: Atef Helmy
We are working to erase obstacles facing investors by amending rules and regulations, says Ministry of Communications and IT

Activists expand labour and human rights campaign beyond Qatar
By James M. Dorsey Human rights groups and trade unions have stepped up pressure on Qatar to reform its restrictive labour system, and have expanded their campaign to include all six wealthy members of the Gulf Cooperation Council (GCC). The activists hope that Qatar may move quicker on promised reforms, given that the integrity of …

Opportunities, challenges for investment in Egyptâs renewable energy sector
âInvest in Egypt 2014â conference kicks off in Abu Dhabi, amid speculation on the countryâs potential for green energy

Urban authority solves 12 investment disputes with foreign partners: Vice president
New Urban Communities Authority targets EGP 26bn budget in Q3, says Magdy Farahat

Calls for 28 November protest âhumiliation of Quranâ: Mufti
Questioning basics of Islam fuel extremism, say Shawqy Allam
Cabinet approves âterrorist entitiesâ draft law
Draft law details offences that could result in a group being listed as a terrorist group
Court claims no jurisdiction over religiously affiliated parties
Verdict in Alexandria issued after fourth trial session for case

Tourism ministry aims to expand foreign investment: Ministerial advisor
Ministry of Tourism is working to attract investments worth $5bn before 2020, will offer mega investment opportunities during the economic summit in March 2015

Clear economic vision is big challenge for Egypt in 2015: EFG-Hermes Head of Research
Egyptian market is, however, the most attractive in the Arab world due to potentially high returns on investments
UN adopts resolutions presented by Egypt
Egyptâs foreign ministry accuses countries voting against resolution of being in favour of âIsraelâs illegal practicesâ

Al-Sisi, Hollande hold counter terrorism talks
Egyptian President affirms support for Libya’s “people and army”, Palestinians and Iraqis in France visit

Egypt opens Rafah border crossing to admit Palestinians into Gaza
Egypt has closed the border crossing for a month, after deadly attacks in the Sinai Peninsula claimed the lives of 30 Egyptian security personnel

Nile Project: Using culture to transform conflict
Through music production, educational workshops and activities promoting innovation, the project aims to contribute to finding solutions to the conflict over water resources

International bonds issued in all markets, country minus guarantor: Dimian
Government received offers from abroad to finance Suez Canal project but opted to finance it domestically, say finance minster

Upgrading Egypt’s economic outlook stimulus for investments, growth rate
Since the 25 January Revolution, Egyptâs economic outlook was downgraded several times by international credit rating agencies. The downgrades came about due to violence and political instability, which took a massive toll on investments and foreign reserves. In the wake of calls for protests on 30 June, Egypt’s economy saw a credit ratings cut on 21 …

Egypt one of the HSBC Group’s 19 global priority markets
By Walid Abdel Azim Mona El Sayed, Head of Commercial Banking at HSBC Bank Egypt, talks to the Daily News Egypt about the companyâs plans and assessment of the Egyptian economy. What is the HSBCâs vision for the Egyptian economy in the coming period? HSBC Group believes in the long-term future of Egypt and remains …

Government negotiates $200m from Khalifa Fund, to invest in Employment Holding Company: Planning minister
Minister of Planning Ashraf El-Araby expects approximately $2.5bn in FDI in Q2 FY 2014/2015

General picture of the Egyptian economy mixed during IMF visit
Lagarde added that the conflicts in the Middle East and North Africa will have serious economic implications not just for the region, but the entire world.

Growth rate rises with 6.8% in first quarter alongside IMF visit
El-Araby expects positive IMF report mid-January following recent package of economic reforms
Government needs to reduce bureaucracy to lower costs, increase productivity: Investments head
El-Hatow: Real estate is king and energy requires a special kind of investor

Special authority to facilitate Suez Canal investment to be set up: Sarie-Eldin
Investment law for canal region to be completed within a month, and committee including ministries of investment, justice, transport, and trade to be formed

Government hopes to pay full debts owed to foreign partners over coming 6 months
Debts owed to foreign companies have plagued all governments since 2008