Latest in Tag: DNE Highlight
Latest in Tag: DNE

Dollar to reach EGP 8 by the end of June: Emirates NDB
Depreciation can happen at a faster pace, the bank says

Demolition of Rafah continues in 2nd phase of Gaza buffer zone
Compensation for displaced families yet to be announced, according to North Sinai governor

Arafa Holding plans European market entrance in 2015
Egyptâs monetary policy encourages importers and deters producers, Egyptian pound losing real value

2014 Revenues will exceed EGP5.5bn: Suez Cement-Italcementi CEO
Suez Cement-Italcementi Groupâs revenues in 2014 will exceed EGP 5.5bn according to the Groupâs CEO, Bruno Carre in an interview with Daily News Egypt. The figure marks an EGP 1.0bn or 20% progression over the previous year. Carre further talked about the groupâs recently launched products, their expectations and what will be introduced in …

Majid Al Futtaim expected to complete Mall of Egypt construction in 2015
Mall is expected to be officially opened in 2016
Electrostar targets increase sale and profit up to 20%
Electrostar aims to open up new African markets, renew products, and provide new technology on Egyptian market

Supporting SMEs tops Microsoftâs priorities for 2015: GM
Education and health sectors, and automating the courts are the most prominent investment opportunities in the Egyptian market, says Abdel Kader

Aramex optimistic about Egyptian Market: CEO
Company looking to introduce SMEs franchise model, will keep upgrading infrastructure and open five new branches in 2015, says Samer Gharaibeh

HTC counts on smartphones to increase its market share in Egypt: HTC official
Increase in smartphones locally from 500,000 in 2011 to 6.5m in 2014; âillegalâ phones and fluctuating dollar exchange rate are challenges in 2015

Egypt promising market for Tetra Pak: Andres Lindgren, managing director
“Tetra Pak expects that 80% of milk consumed by 2020 will be packed”

Civil society in Egypt is powerful and diverse: Abu Saada
Organisations have right to criticise human rights situation as long as they do not serve a political party

Security challenges still major concern
Despite optimistic assessments from armed forces, situation remains volatile

Tivoli Dome to launch branches in 5 countries in Middle East
Egyptian food court achieved profits equivalent to 90% of its total expenditure in 2014

Media ethics in post-30 June Egypt
Religious figures, actors and other irrelevant guests are hosted to discuss and analyse matters of political importance on media channels, which neither differ in conduct nor content.

âWe need more clarity on the new tax laws on dividends and capitalâ: HC officials
Hussein Choucri, Chairman and Managing Director of HC Securities & Investment, Deputy CEO at HC Mohamed Metwally, Managing Director at HC Brokerage Hassan Choucri, Head of Investment Banking Mahmoud Selim and Head of Asset Management Omar Radwan talked with Daily News Egypt about the challenges and the plan of HC in Egypt. What are HCâs …

A Timeline of key events in 2014
3 January: Clashes between pro-Morsi protestors and security forces leave 17 people dead and dozens injured in cities across Egypt, including Cairo, Giza, Ismailiya, and Fayoum. 14-15 January: Egyptians vote in a referendum on the new constitution. Voters overwhelmingly approve Egypt’s new constitution, with 98.1% voting “Yes”. The turnout among eligible voters was 38.6%. 24 …

Parliament caught in political ambiguity: will the president respect legislative independence?
Experts warn of unfair representation, state control and failing publicâs expectations

BG largest foreign investor in Egypt since revolution: President
“BG Egypt invested more than $3.5bn since the 25 January Revolution”

Nestlé doubled local work force from 3,200 to 6,300 employees: CEO
After government reforms and economic growth, there are plans to continue commitment to Egyptian market, says Nestle North East Africa CEO

The state of the press through Egyptâs power shifts
The level of freedom of the media in Egypt was brought to headlines locally and internationally in December, when an annual roundup of violations against journalists across the world showed that Egypt is the second country in the world for the number of journalists arrested, and fourth âbiggest prisonâ for journalists in 2014, according to …
Religious institutions: a pillar of Egypt’s new security state?
What are top religious institutions doing to support Al-Sisi and his government?

Bright Sky Travel tourism numbers grow 25% during 2014: General manager
Blue Sky Group tourists during 2014 placed at 570,000 tourists

Egyptâs judiciary â by the government, for the government
In turn, Head of the Supreme Judiciary Council Judge Mohamed Abdelrahim said the president stood by judges against âattempts of intervention from some countries that wanted to comment on some verdicts they didnât like and asked not to enforce themâ.

Travco tops tourism companies, attracting 700,000 arrivals in 2014: Company official
Travco hopes to maintain its lead in attracting tourists to Egypt for fifth consecutive year despite 4 years of crisis in the country

Houthis bomb presidential palace opposing proposed constitutional draft
Yemenâs major roads are blocked and shops are closed after the attack

Egypt, Abu Dhabi sign agreement developing maritime transportation
Red Sea Port Authority and Abu Dhabiâs counterpart to form joint companies encouraging marine investments

Al-Sisi visits Switzerland to attend World Economic Forum
President set to deliver speech in special session on Thursday
Egypt to attend London summit on strategies to defeat ISIS
Foreign ministry says it wants to âcounter the negative image of Islamâ internationally

HRW lambasts Egypt’s prisons for deaths, torture
“Authorities are more aggressive when it comes to detained political activists,” says lawyer

Pound value depreciation continues, dollar reaches EGP 7.34
Dollarâs value increases to EGP 7.38 at NBE and Banque Misr