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

Faisal Islamic Bank’s volume of business increases 10%
Meanwhile the bank’s net profits reached EGP 196.97m in the first quarter of 2015, compared to EGP 172.3m during the same period in 2014.

Banks can appeal property tax assessment: Finance Ministry
Regulations offered to facilitate application of property tax law
Policemen detained pending investigations on torture accusations
Police claim suspect was armed and dangerous, while human rights group says victim was brutally apprehended

CBE decreases issuance of weekly FX auctions
The step was taken to increase the supply of the US dollar in the Egyptian market, and fight the black or parallel market.

Pilots take back resignation after hearing a speech by President Al-Sisi
224 pilots demanded resignation Wednesday, Egypt Air spokesperson confirms “problem has been solved” on Friday

Al-Azhar students’ appeal refused
Five female Al-Azhar University students have had their appeals rejected, to spend five-year sentences in jail

Edita’s BOD approves EGP 175m loan
Company registers EGP 81m during Q1 2015

Egypt’s foreign reserves post largest rise since December 2011
International foreign reserves jumped to $20.5bn at the end of April 2015, compared to $15.29bn in previous month
Tahya Misr Fund’s head claims NGOs aim to ‘bring down state organisations’
Meeting between US Congress delegation and NGOs covered deterioration of rights in Egypt

Crédit Agricole generates EGP 236.2m in Q1 2015
Figures show that there is a 60% increase in the bank’s earnings in Q1 of 2015, compared to the same period in 2014
Political movements call on universities to allow imprisoned students to sit exams
Five political movements sign joint statement, raising concerns over potential expulsion of imprisoned students

Prosecutor General denies investigation of Ibrahim over journalist death
Mayada Ashraf was shot by security forces whilst covering 2014 protest

Dana Gas produces 37,700 barrels of Egyptian oil daily during Q12015
Company pumps $350m for its GPEA project

EGP 960m capital increase for GB Auto to reach EGP 1.094bn
Shareholders, purchasers exercised right to participate in EGP 960m capital increase, which will be allocated to investing in tire manufacturing facility
‘Birthday’ celebrations and trip to Pyramids: The Mubarak family under spotlight
State Council denies decision regarding Mubarak’s lifetime privileges

Tabarak Holding to start North Coast project early 2016: Company’s chairman
Increase of land usufruct in Ras Sedr and airport constructed to be discussed in June conference

Tourism investors face obstacles in Egypt
Banks prefer to loan government over investors, says Egyptian Tourism Federation Chairman

Investment opportunities to be presented at Dubai’s AHIC: EGOTH Chairman
EGOTH recorded profits worth EGP 111m between July 2014 and March 2015, says Samir Hassan

Legal case suing UK over Palestine begins in Egyptian courts
International movement challenges Balfour Declaration, hopes to win Right of Return and compensation for Palestinians

Tabarak Holding targets 2015 profits of EGP 100m
Company will have an EGP 600m IPO on the Egyptian stock market

Planning Ministry launches ‘Inspire Fund’ with EGP 250m seed money: Minister
It is important to propose flexible legislation to implement effective CSR activities in society, protect all parties and allow space for creativity, says Minister of Social Solidarity
New legal foundation looks to unite Libya’s tribes around justice, against IS
Islamism needs to be rooted out of Libya, says businessman launching “Justice First” foundation

Egyptian journalists celebrate Press Freedom Day remembering colleagues
“The police’s detention of journalists on their Freedom Day is alarming,” says prominent journalist

Without a hashtag: Egypt’s journalists forgotten behind bars
Last year, the Committee to Protect Journalists (CPJ) put the number of jailed journalists in Egypt’s prisons at 12 at least, calling the country one of the world’s worst ten jailers of journalists.

Why press freedom?
Voices from journalists worldwide on World Press Freedom Day

World Press Freedom Day: Journalists under attack in Egypt
The group referred to six journalists who have been killed by security forces and in clashes while covering protests since the ouster of former president Mohamed Morsi in July 2013.

SODIC impacts over 12,000 lives in past 2 years through CSR: Nadine Okasha
When it comes to our education programmes, we need a lot of government support, says Senior PR Manager

Hundreds of torture cases in April: El-Nadeem Centre
“Torture Archive” aggregates reports by families, news outlets and rights organisations on torture cases inside prisons

New law preserves ‘catastrophic provisions’: Rights Groups
Egyptian rights groups say new law is “vague” and “broad” in definitions of terrorist entities, likely to narrow public and political sphere

Yemeni health system ‘crippled’: ICRC
International Committee for the Red Cross says airstrikes and fighting have “crippled” Yemeni health system, led to severe fuel and food shortages