Latest in Tag: DNE Highlight
Latest in Tag: DNE

QNB net 2014 profits inched up to $2.9bn
QNB Group continued growth in 2014 with increase in net profits, shareholders and assets

Investment ministry receives EGP 500m offer from UAE company to develop Shepheard Hotel: Official
Ministry plans to develop its hotels through a tender for development with investors and making use of assets in the coming period

Russian tourists visiting Egypt exempt from entrance fees: Interior ministry
Egypt strives to reduce negative effects of rouble devaluation on tourist inflows from Russia

January witnesses 9 major tennis competitions
Federer achieved his 1,000th victory in his professional career to enter the club of thousands alongside Americans Jimmy Connors, with 1,253 victories, and Ivan Lendl, with 1,071 victories.

60 local, international entities to review new investment law: Minister
Current draft not final, may be subject to revision based on ongoing consultations with business community, Ashraf says

Gamal Negm addresses concerns over mass resignations of banking heads
More than 150 banking leaders submitted their resignations in recent days in an objection to the application of a maximum wage.
Africa Cup of Nations: A remarkable history
In its 30th edition, the championship is attracting the interest of many fans following the qualifying tournament, which held many surprises after the loss of major teams against teams of little fame, experience, and history in the championship.

SMEs priority for finance ministry
Dimian revealed a study conducted by the government to set out a system of integrated incentives to bring about a “renaissance” for SMEs in coordination with the Ministry of Trade, the Social Fund for Development, and the Central Bank of Egypt.

Government to address obstacles facing entrepreneurship, SMEs: Mehleb
Bank branches in Upper Egypt and Nile Delta to facilitate funding for small and medium-sized companies, says CBE governor

Ronaldo wins best player title for 2nd year: FIFA Ballon d’Or 2015
Ronaldo won the award for the first time in 2008, when it was only held by FIFA, also against Lionel Messi

Formula 1 schedule for 2015 published
Chief Executive of Formula One Group, Bernie Ecclestone, included Korea in the race schedule for legal reasons, since the race organisers could have filed a suit against Formula 1 in case the racetrack was not included in the calendar, as per a contract which ends in 2016.
Syrian opposition leaders in Cairo to form united front
Egypt meeting seeks to strengthen opposition forces in Syria, says foreign ministry

Britain’s Sullivan wins Golf’s South African Open Championship
Lee Slattery came in 3rd place with 278 total strokes and one stroke difference from 4th place holder Spaniard Pablo Martin-Benavides with 279 strokes.

Al-Sisi, political parties conclude 2nd meeting
Al-Sisi rejects suggestions to amend Protest Law, says politician

Al-Sisi to meet Abbas to discuss Israeli-Palestinian conflict
Talks will include Arab financial safety nets for Palestinians, says Fatah leader

Mahalla textile workers’ strike enters 2nd day
Strikers demand “restructuring administration” amid possibility of escalation

Canadian FM in Egypt to talk security, religion and jailed AJ journalist
John Baird due to meet President Al-Sisi and Foreign Minister Shoukry

Presidential pardon for some prisoners on 25 January anniversary
Conditions do not apply to ‘popular’ detained Protest Law activists
7 militants killed following death of police officer
Seven ‘State of Sinai’ members were killed during armed forces’ operations in North Sinai, five of whom allegedly participated in the kidnapping and killing of police officer Ayman Al-Desouky. The other two were found while observing security personnel in Rafah and Sheikh Zuweid, as announced by the military spokesman Wednesday. The armed forces further …

Iraq: A tale of two shocks
By Masood Ahmed Iraq is facing a “double shock” from the self-proclaimed Islamic State of Iraq and Syria (ISIS) insurgency and the global plunge in oil prices. While the new government led by Prime Minister Haidar Al- Abadi was formed with the express objective of dealing with the insurgency and addressing the humanitarian disaster it …
Charlie’s Hebdo issue following attack ‘unjustifiably provocative’: Dar Al-Ifta
Dar Al-Ifta condemn mosque attacks in France following the attack on Charlie Hebdo

The wrong uses of public health
By Dr Cesar Chelala One of my most persistent memories of my friend Albert Sabin, who developed an oral vaccine against poliomyelitis (polio), was how, when we met after one of my health-related missions overseas, he would question me about the polio situation in the country I visited. I am sure he would be dismayed …

Egypt’s year in review 2014
With investor confidence growing, Egypt is looking forward to a sizeable boost to its economic performance in 2015. A peaceful conclusion to presidential elections in June, along with slowing inflationary pressures, a slew of crucial fiscal reforms and rallies on both the EGX [Egyptian Stock Exchange] and in the tourism sector, have helped pave the …

Electricity ministry to provide additional 3,600 MW next summer against increased consumption
Consumption increases during summer months with temperature increase, loads on network surpass 27,000 MW, leading to deficit of 6,000 MW

Egypt reforms to gain confidence of international business community: PM
Egyptian delegation to visit Britain in June to follow-up on investment coordination between two countries, says El-Yazal

EGP 41m for Nile protection in 5 governorates
Projects’ investments on treating small canals and protecting Nile River embankments valued at EGP 323m, says water minister
45 referred to criminal court for bombing power stations
The defendants are accused of being Muslim Brotherhood members

Initial agreement with Gazprom for 35 LNG shipments: Petroleum minister
Delegation from Sonatrach will visit Egypt at the end of January to negotiate quantities to supplied from 2016-2020

Summit targets 10% growth in local operations for 2015: CEO
The launch of communications projects using PPP will energise the market, company awaiting board approval to launch a tender for data centre

Less than 4,000 Egyptians transact online: Egypt Business Directory
Despite fast penetration of internet in Egypt, e-commerce remains slow in growth