Latest in Tag: Daily Highlight
Latest in Tag: Daily

Electoral Commission issues decree regulating NGOs monitoring of elections
Organisations will be allowed to monitor all procedures for listing candidates, distributing electoral propaganda, casting votes, counting votes and declaring results.

Policeman killed, another injured in Mohandesin drive-by shooting
Two gunmen on a motorcycle opened fire on the policemen, who were guarding the HSBC and Union National Bank branches in Sphinx square in Mohandesin, Giza.

Citibank Egypt still studying banks’ offers to buy its consumer business
Vice president denies 9 banks have offered purchase
Policeman killed, another injured in drive-by shooting in Giza
A policeman was killed and another injured in a drive by shooting in Giza Saturday morning, according to state news agency MENA. The attackers escaped. Two gunmen on a motorcycle attacked and opened fire on policemen guarding HSBC and Union National banks branched in Sphinx square in Mohandesin, Giza. The attacks resulted in the killing …
Two ‘State of Sinai’ militants allegedly killed in Cairo
Militants were responsible for several terrorist attacks, say Ministry of Interior

Drive-by shootings of security personnel ‘difficult to prevent’: Analyst
“This happens every week,” says analyst Mohamed Qadri Saeed

Al-Sisi obliges financial services, public sector to pay income tax electronically
Finance minister said amendment helps managing public debt as it improves flow of tax revenues to the CBE

Badie’s police station storming trial adjourned to 14 January
In separate case, Boulaq clashes trial adjourned to 11 January

Detained Al Jazeera journalists send Christmas Greetings and plea for help
I’m a desperate Canadian citizen that needs the government to stand by me, says Fahmy

Al-Sisi congratulates new Tunisian president and hopes for “new era of solidarity”
Essebsi declared winner with 55.68% of the vote

Al-Sisi ratifies electoral districts law
President Abdel Fatah Al-Sisi ratified Monday the electoral districts law after its cabinet approval earlier this month. Under the new law, Egypt is divided into 237 constituencies assigned for individual nominees, and into four constituencies for the party list system, according to a presidential statement. The law also defines the range and elements of each …

Al Jazeera Mubasher Misr closes with speculation general Mubasher channel will air from Egypt
Al Jazeera Mubasher Misr, the Qatari news network’s live streaming channel focused on Egypt but airing from Qatari capital Doha, aired its last news brief Monday evening. The channel’s official twitter account announced the news right before the news brief’s airing. Nadi Abou El-Magd, an Egyptian journalist working for Al Jazeera, tweeted the news saying: …

Metro ticket price will not increase: Metro spokesperson
Cabinet sources attributed as saying metro tickets will increase from EGP 1 to between EGP 1.5 and EGP 3
Trade deficit increases 70.9% in September year-on-year
Deficit reaches EGP 27.9bn compared to EGP 16.3bn in corresponding month last year

6 Middle East countries lose $35bn as impact of Syrian war and ISIS spread
Analysis suggests Syria and Iraq bear brunt of direct costs of war, losing 14% and 16% in per capita welfare, respectively

EIPR calls for more budget transparency
Budget transparency defined by disclosing more information on budget and providing simple and clear data for public to understand, EIPR study says

Egypt exports to UK grow by 30% in 2014: Egyptian-British Chamber of Commerce
Egypt-UK trade volume expected to surpass $2bn for first time, chamber says
10,000 Sudanese acres ready for Egyptian farmers: Sudanese Investment Minister
Sudan is now adopting the open door policy for investments

Chinese investors show interest in infrastructure ahead of Al-Sisi’s visit
Egyptian ministers propose projects to China, which Al-Sisi will negotiate during his visit

Urban inflation declines to 8.5% in November
Consumer price index (CPI) falls by 1.7%

International oil price reduction to save cash for Egypt’s budget: Economy professor
Crude oil prices have slumped to lowest level in five years due to potential increased market supply

Government delivered only 57 units from its 1m residential-unit project: EIPR study
Allocation for the project in FY 2014/15 state budget amounts to EGP 9.5bn in total
“Significant progress” made in solving NUBASEED dispute: Saudi investor
Chairman of Saudi-Egyptian Businessmen Association says move will increase future Saudi investments in Egypt
Saudi Shaheen Group invests EGP 500m in Egypt
Group Chairman says these investments will be directed to agricultural and solar projects

Numerous public bank officials resign to protest maximum wage
New maximum wage sets wages at 50% less than original wages, resigned NBE official says
World’s 7th largest dairy firm drops Egypt’s Arab Dairy bid
Arla Foods explore alternative options to enter Egyptian market

Local steel producers do not expect high profits in 2014: Egyptian Steel chairman
Value of government-imposed protection fees is low, Ahmed Abou Hashima says

HSBC Group believes in long-term future of Egypt: Commercial banking head
Bank remains committed to business growth in Egypt, despite tough economic circumstances

Egypt economy recovering after 4 years of slow activity: IMF mission chief
“There is growing national consensus on the need for economic reform”, says Chris Jarvis

16th Conference of Arab Businessmen and Investors kicks off in Cairo
Government claims a “legislative revolution” will attract investors