Latest in Tag: Daily News Egypt Highlight
Latest in Tag: Daily News Egypt

CBE made bold decisions during Al-Sisi’s first year: Banking leadership
Decreasing the pound’s value against the dollar, limiting foreign currency deposits in the banks among CBE most daring decisions in past years

1,964 cases of sexual harassment in Al-Sisi’s first year
‘State stopped denying sexual harassment,’ says report
Egypt’s dollar bonds attract more than 290 investors from foreign markets: Dimian
Distribution of 45% of bonds in USA, 35% in UK, 11% in Europe, 7% in Middle East and 2% to the rest of the world

15-year prison sentence handed to officer for killing Al-Sabbagh
“None of the security forces responsible for killing more than 1,000 protesters since July 2013 are in prison,” Human Rights Watch says

Public debt increases to 93.8% of GDP, poses risk to economy: Economists
High rate of public debt makes banks unable to fund budget deficit, which increases government’s will to fund deficit from abroad

Al-Sisi’s economic progress: Promises vs. actions
Prior to his election, president was widely criticised for not releasing his electoral platform

How much longer can Al-Sisi play solo?
“You told me you were going to be like a bulldozer which paves the way…where is that bulldozer?” This figure of speech was used by President Abdel Fattah Al-Sisi, aimed at Prime Minister Ibrahim Mehleb in a Sunday public speech. “President kids PM”, newspapers headlines read the next morning. But anybody who followed …

Why does Al-Sisi not sacrifice?
A year has passed and another year is starting with the same questions in people’s minds since Al-Sisi’s rule in Egypt started. Where is Al-Sisi leading us? What is his plan for the economic recovery of Egypt? When will corruption be abolished? Because I was like the rest, immersed in Al-Sisi’s speeches and dreams, …

EU, US condemn Luxor attack
Both support Egypt’s “fight against terrorism”, statements say
CBE to fix deposit, loan interest rates
Financial Policy Committee has fears over growth rates with the deflation of global economy
CIB acquires Citibank Egypt’s retail portfolio
Citibank’s individual clients amount to 600,000, with funding portfolio of EGP 1.7bn

3,977 people arrested in 2015 for alleged Muslim Brotherhood membership: Interior ministry
By the numbers, arrests averages leap in 2015, detainees are either waiting for an investigation or were handed sentences, rights groups says

Forcibly disappeared detainee found in Al-Aqrab Prison, administration denies
A detainee sees Omar Mohamed in Al-Aqrab Prison, meanwhile whereabouts of Esraa El-Taweel and Suhaib Saad remain unknown

Youth labour market conditions deteriorate by 2014: Population Council report
More young people are discouraged to enter Egypt’s labour market,half of the youth who attended primary school cannot read, study finds

Hard to suppress: Anti-government villages remain problematic for security
Spots like Kerdasa, Delga are among most prominent consequences of Brotherhood regime, according to former Interior Ministry spokesperson

Workers in Al-Sisi’s Egypt’s: Muted by promises of ‘development’
The study stated that Egypt’s investment regime does not place legal restrictions on foreign investors regarding the transfer of profits outside Egypt, nor does it stipulate that investors should reinvest parts of their profits in the country.

Morsi and Al-Sisi’s first year in office
First year reviews of each president take different perspectives and put the spotlight on different fields

Tripartite agreement prepares for African economic power by 2063: Al-Sisi
Maritime line project is being studied, linking Victoria Lake and Mediterranean easing trade movement inside Africa, says Al-Sisi

19 Egyptian companies rank in Top Arab World Companies: Forbes Middle East
The country did not make it to the list of the ‘Top Private Companies Making an Impact’

Egypt to regulate trade and investment forum in Africa next October: Al-Sisi
Future mapping for the implementation phase of the agreement before the fourth summit of the three blocs, says president

$35bn in Egyptian black market: CBE Governor
$2bn for Egyptian maize imports in 2014, says Ramez

Military Engineering Authority starts first phase of renovations in Imbaba Cardiology Centre
The moves came after a reported sudden visit by the prime minister
CIHRS referred to investigation
Government is taking revenge on organisation for addressing human rights situation, says CIHRS

Egypt, Ethiopia negotiate FTA procedures between 2 countries
Specification of 1m metre pieces of land to pump additional expansions for investors, says Gaber

Sawiris family plans to invest in Ethiopia’s hotel sector: Ethiopian PM’s advisor
Ethiopia encourages Egypt to invest in wheat agriculture to provide grain supply for Middle East and Russia, says Reda

Egypt on right track to reform energy file with support of political leadership: Expert
Al-Sisi’s government made bold decisions, including opening door for private sector to produce energy, import gas, and restructuring subsidies, says Hossam Al-Garhy

Egyptian banking sector EGP 2tn in 2014: Fayed
Bank deposits increased 17%-20% over last three years, loans increased by 10%

Syrian opposition representatives in Cairo agree outlines of transitional period
Code of conduct was developed during two-day conference in Cairo

Turkey election results will reduce ongoing hostility with Egypt: Analyst
Ruling party threatened to form government after opposition parties took over 25% of seats

2 dead, 5 injured in suicide attack near famous Luxor temple
The injured are reported to be only Egyptians