Latest in Tag: Daily Highlight
Latest in Tag: Daily

Hosting of Digital Media Forum proves Egypt is important market: Weber Shandwick general manager
DMF wanted to hold forum in Egypt since 2012 but was waiting for stability, says Randa Nassar

Digital Media Forum kicks off for first time in Egypt
Cairo chosen as venue due to Egyptian marketâs regional importance, says forum CEO

Entrepreneurs do not understand their legal requirements: Levari founders
The legal information available is quite convoluted and entrepreneurs donât have access to it, says Sherif Hefni, partner at Levari Law

Steel prices fall during October following new imported steel fees
Ministry of Supply boosted regulatory campaigns on steel and cement companies to ensure they abide by official prices

Business community rejects independent trade unions
Egyptian Federation for Independent Trade Unions member says business community should not decide for the workers on representation
Housing ministryâs services automated after 1 year: Minister
Ministries of Housing and Planning sign two-year agreement to develop citizen and investor services

Egypt-Israel gas deal wonât happen without stateâs approval: Petroleum ministry
Israeli energy company Delek says purchased gas will be supplied to industrial consumers in Egypt

Exporting rice âharderâ under new ministry guidelines: Vice Head of Rice Division
Head of Citizens Against Price Rises Association expected that rice prices in the local market will significantly increase

First phase of Arabtec housing project to start before year-end
UAE company will provide New Urban Communities Authority with housing units and public services

Employment challenges in MENA linked to economic governance: World Bank
Governments can help job creation by reforming policies protecting politically-connected companies, World Bank study says

Egyptâs exports fall 14% in September, under target
The figure for first nine months of 2014 is under ministry expectations of $18.6bn target

Mehleb forms parliamentary election districts committee
The law for election districts is to be final

Conflicting reactions to new fees on imported steel
Egyptian steel importers to pay EGP 290 fees per tonne, analysts expect increase in steel prices

Russia, EU conflict will not pressure Egyptâs economic policies: Analysts
Egypt striving for balanced policy with both parties, says researcher at Ahram Centre for Political and Strategic Studies

Kuwaiti fund to grant Egypt $100m loan for power station
Director General of Kuwait Fund Abdul Wahab Al-Bader scheduled to visit Egypt in coming weeks to sign loan agreement

Income and capital gains tax revenues register EGP 7.8m in July, August
Budget revenues increase by 0.7% to reach EGP 34.4bn
Appeal against new Investment Law begins on Sunday
New law protects âcorrupt government contractsâ says ECESR

Egypt to witness huge growth in electronic payments in next 5 years: EMP chairman, Actis partner
The 5th Emerging Markets Payments Conference (EMPC) kicked off on 26 September in Sharm El-Sheikh, gathering key decision makers from banks and electronic payment companies across the Middle East and Africa to discuss opportunities and challenges of the industry. At the conference, the Daily News Egypt sat with Paul EdwardsâChairman of Emerging Markets Payments (EMP), …

Arabtec to conclude plan for 1m home project in Egypt
The $40bn project will be built in 13 locations across Egypt; first homes to be delivered in early 2017, according to Reuters

CBE regulates 20m electronic payment cards: Head of CBE payment systems
Electronic payments market in Egypt growing says Ahmed Faragallah

10% of Egyptians use prepaid Visa cards: MENA director of prepaid products
MENA top region for total volume of prepaid card usage with 82.6% growth in the last year, says Sumit Tyagi

400% increase in mobile payments in 2014: EMP Chairman
Around 25% of global economy involves mobile payments, says Paul Edwards

Political turmoil leads Egypt to drop 6 places in IT services global ranking
Egypt ranks 10th in A.T. Kearneyâs 2014 Global Services Location Index

World Bank to offer Egypt $1.5bn for housing, sanitation projects
Minister of Housing announces the agreement after his return from US visit to meet World Bank officials

Informal sector volume records around EGP 1.5tn: ECES
Government lost EGP 300bn in potential taxes, according to study

Egyptâs industrial policies discourage employment: World Bank report
50% of Egyptians believe unemployment situation will improve in the next five years, says Gallup survey
Euromoney Conference: Construction and real estate sectors need better governance: Real estate developers
Egyptâs construction and real estate market has growth potential, says real estate company regional director

Industrial sector, investments will rise when Egypt offers preferential treatment to local products: Trade minister
Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour told the Daily News Egypt in an interview for the Euromoney supplement that the law offering preferential treatment to local products will be referred to the presidency in September for approval. The minister, who also discussed the industrial lands and factory issues, stressed that …

Egypt takes steps to increase Egyptian products in Russia
Industry minister calls on companies exporting to Russia to establish affiliate offices in Moscow to market products

Government to allocate budget revenues in CBE to Suez Canal investment certificates
Ministry of Finance says move comes to ease pressure on the general budget or the Suez Canal Authority after five years