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

Various opportunities for exporting to Africa: Minister of Industry
Meetings to take place in November to follow up on applying the COMESA customs union

Abu Soma expected to inject EGP 2bn-3bn in Egypt, next 5 years: CEO
The company behind its namesake peninsula is planning to open three new hotels in the next three years

Dimian reassesses his new plan
The minister’s statements did not address any change in the tax plan

Qalaa Holding registers EGP 84.7m losses
Company reported EGP 2.08bn in revenues in Q2 of 2015

Dorra targets 10,000 residential units project
The company seeks to build 3,000 units per year

IMF visit to take place despite cabinet changes
The delegation will visit Egypt mid-September

Cairo suffers shortage of middle-income housing: JLL
Government and developers need to cooperate in fixing the shortfall, JLL suggested

Qalaa Holding to expand Nile transportation project to Adabiya, Damietta ports
Revenues from African Rift Valley Railways projects record $100m-$110m annually

Is Egyptian society a truly religious one?
A helicopter view of our society would certainly show that Egyptians are apparently strongly attached to their religions. Hundreds of visible mosques and churches, many of them built over 1,000 years ago, have earned Cairo the name of ‘the city of a thousand minarets’. There is no doubt that the practice of religion in Egypt …

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

The real tragedy of ignoring conflict
The three-year-old boy the world has come to know as Aylan Kurdi is now buried with his older brother and mother in his hometown of Kobani in Syria. It’s hard to imagine a tragedy so profound and so heart wrenching as the sight of his lifeless body lying face down on a beach in Turkey, …

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

Health, Planning Ministries agree to establish higher health and medicine council: Cabinet
There will be a comprehensive review of all health sector regulatory legislation which includes system upgrading, says Minister of Health

Guatemala’s ex-president denies corruption charges after resignation
Prosecutors accused Perez Molina of being involved in a scheme which allowed businesses to evade import taxes by bribing corrupt officials at a fraction of the cost.

Village in Sierra Leone quarantined after Ebola death
Earlier this week, the whole area was placed on high alert to ensure the virus would not spread. A three-week lockdown was announced for the village where the woman lived, on Friday, affecting almost 1,000 residents.

Merkel demands total overhaul of EU refugee policy
Merkel also stressed that all EU nations were expected to live up to the Geneva Convention on refugees, repeating her threat of seeking legal action against states, which stood in breach of European immigration policy.

Edward Snowden receives freedom of speech prize
Snowden appeared via a live video link to accept the Norwegian Academy of Literature and Freedom of Expression’s Bjornson Prize for freedom of speech on Saturday.

Austrians demonstrate in support of Syrian refugees
This latest incident in Austria has also raised the awareness of citizens in some Arab countries, such as Tunisia, including the cities of Tunis, Aryanah, Banzart and Nabeul, who expressed their desire to receive Syrian refugees.

Rocket hits security target in Sinai, no injuries reported
Security forces on alert following minor attack

Etisalat Egypt, CBE negotiate to activate mobile money transfers from abroad
Etisalat Egypt has acquired 19% of the Emirates Telecommunications Corporation (ETC) revenues

Outstanding balance of treasury bonds at EGP 614.19bn by end of August: Ministry of Finance
According to the Ministry of Finance, the balances of the second type of bond, the zero-coupon bond, is up to about EGP 61.29bn, with an average interest rate of 12.007%.

Barclays profits up 15% in H1 of 2015
Assets inched up 3% to total EGP 18.5bn, while expenses surged to EGP 14%

Al-Sisi visits Beijing, meets with company officials
Several business agreements will be signed during the president’s trip

EGX rises minimally, remains affected by global performance
Response of capital market was violent following expectations of a global economic slowdown, Omran highlighted

EGP 14bn in net profits recorded by 135 EGX-registered companies
39 companies recorded EGP 570m in total losses in H1 of 2015
440 factories to start operating in New Cairo by October
A new vision on industrial zones to be implemented in Qaliubiya
Customs should be applied on imported steel: Industry official
Steel prices expected to remain stable next month
Capital market plummets 5.42%, losses of EGP 15.4bn
Egyptian capital market saw 33-month low on Sunday

Figures for tourist arrivals inch up 4.4% YoY: CAPMAS
Libyan tourists take largest share among visiting Middle Eastern tourists, agency highlighted

Officer shot, critically injured in Fayoum
More alleged Muslim Brotherhood members arrested on terrorism charges