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

Khaled Saidâs family demands EGP 5bn compensation
Money will be used for charity, says the victim of police brutalityâs mother
AFTE managerâs brother detained for 15 days
Accusations of printing ‘inciting material’ and belonging to 6 April Youth Movement

Morsiâs verdict postponed to 16 June
Former president previously received death sentence for storming Wadi El-Natrun prison

Online platform to connect NGOs with private sector profits
Platform aims to let people change lives with just a mouse click by deciding which project gets the funding, says founder

Detention renewed for prominent Al-Azhar cleric
Al-Azhar cleric and his brothers are to be detained for 15 more days

Al-Sisi becomes less popular, nobody can bet on how Egyptians can change in future: Khaled Ali
Lawyer and left-leaning politician says the authoritiesâ crackdown on young revolutionaries aims to eventually take the teeth out of opposition to the regime

3% reduction in car sales during first 4 months of 2015
The market recorded sales of about 14,800 passenger cars in April, compared to 15,200 in April 2014, with a reduction of 2%, while buses sales increased to reach 2,700 buses compared to 2,500 buses, with an increase of 9%.

Youth car to be launched for EGP 20,000
AAST will design the car, while production will take place in the AOI

German auto companies, ECA conflict ongoing
German companies present the issue to Al-Sisi during his visit to Germany

Electrolux launched new factory Sunday
The factory is landed on 60,000 sqmand has a production capacity of 600,000 cookers per year

Youth innovate Youtta application providin free Wi-Fi
Service to be launched next month, targeting world covering with free internet, says one founder

Financial services, real estate companies lead stocksâ trade in May
Value of traded securities during previous month totalled EGP 18.3bn

GDP to grow 5.6% annually between 2020 and 2030: HSBC
Oil contribution to exports to drop to 14% by 2030, electronics exports may rise at 11% per annum during next 15 years

HSBC considering financing Egyptian projects: Amr Bahey
HSBC Egypt loan portfolio grew 9% last March, says senior official

Al-Sisi’s Germany visit opens door for German investments: Businessmen
SMEs are important, as 90% of Germany’s economy depends on them, says Mashour

Eni pumps $2bn in the Egyptian oil sector
Agreement signed between company and EGPC to modify gas prices, introduce new activities
Egyptâs IBP index rank risks fall due to budget delay: Economists
Egyptâs rank was best in 2010, but after the 25 January Revolution it declined considerably

EGP 500m extra subsidy for supply commodities in Ramadan: Finance ministry
EGP 5bn to agricultural credit and supply commodities to finance purchasing local wheat, says budget director
Imprisoned 16-year-old passes exams from jail
Family strongly denies charges of violence handed to child

7 minors sentenced in Al-Qubba Palace clashes case
Clashes erupted between protesters and police outside the Al-Qubba presidential palace in February 2013
Court orders retrial of 120 alleged Muslim Brotherhood members
Defendants were charged with post Rabaa Al-Adaweya violence in Kafr El-Sheikh

Eni pumps $2bn in the Egyptian oil sector
Agreement signed between company and EGPC to modify gas prices, introduce new activities

2 policemen tried on sexual assault charges
Policemen initially released on bail, but prosecution general referred them to criminal court

Politically involved students ‘forcibly’ disappeared
Ministry of Interior spokesperson denies the arrests

Egypt is the castle that will protect us against immigration: French nationalist leader
Anti-Muslim politician Marine Le Pen finds common ground against extremism with Al-Azhar grand imam

Saudi Arabia ramping up executions in 2015: HRW
Gulf country executed more people in first five months of 2015 than in all of 2014

Teaching assistant arbitrarily dismissed from Cairo University
Ahmed Abdel Bassit was dismissed following coworkerâs complaint accusing him of inciting protests

Famous international brands to capitalise their investments in Egypt
“The Egyptian customers have been always very pro-MANGO and we do not want to disappoint them,” says founder

Launching Egyptian-Russian-Emirates fund will take at least 6 months
Fruit shipments sent back to Egypt because it they did not meet Russian health standards

European tourists drive hotel room profit during Ramadan: Colliers International
Demand maintained in Cairo, while Luxor sees lowest revenues and occupancy rates