Latest in Tag: DNE Highlight
Latest in Tag: DNE

Cairo Airport Company achieves EGP 371m net profit in 3 quarters of FY 2014/2015: Chairman
Company aims to increase its profit by end of fiscal year 2014/2015 to EGP 440m, from EGP 281m last year

Egypt targets an increase of Arab tourists this summer
Egypt started launching direct flights from many Arab cities such as Riyadh, Kuwait and others to Sharm El-Sheikh and Hurghada

Finance Ministry provides EGP 136m for energy-saving lighting to decrease road accidents: Dimian
Dimian said the EGP 136m price tag represent 25% of the value of the project’s first phase, which aims to supply and install 1m devices. The project is set to reach approximately 3.98m devices with the completion of the six-phase project.

EFG Hermes increases capital by EGP 391.83m
Increasing authorised capital from EGP 3.2bn to EGP 6bn has also been approved by EGX
Student given 5 years imprisonment by military court
President’s decree on military tribunals applied retroactively to event which allegedly occurred six months before

Abraj Misr offers 15% of its shares in 2016, listing advisor to be selected after 45 days
Company to launch shares in EGX starting next fiscal year to expand in the Egyptian real estate market

Operation ‘Decisive Storm’ completed, ‘Restoring Hope’ begins
Saudi-led coalition concludes operation, conflict in Yemen continues

Morsi ‘tried not as an individual but as a regime’: Lawyer
Hoda Nasrallah of the prosecution comments on some of the legal irregularities in Tuesday’s verdict

Mineral water companies rush to meet Upper Egypt demand
Amid fear of water poisoning following phosphate spill in river Nile, water mineral firms expect surge in demand

Egypt deplores reactions to ‘Presidential Palace’ verdict
US, Turkey express “concern” over sentencing of former president Mohamed Morsi and12 other defendants to 20 years imprisonment

Media tycoon Sawiris defends Al Jazeera journalist Fahmy before court
Court postpones retrial of Mohamed Fahmy and Baher Mohamed to 28 April
Arab Chiefs-of-Staff meet for joint Arab Force implementation
Representatives from 18 countries attended and results of meeting will be presented to Arab leaders within four months

Through the Eyes of Women
The “photographic journey”, as Friedlander chose to describe it, accommodates the international month of women, March.

Build better roads to feed more people
By Dr. Bjørn Lomborg Almost one-quarter of all food in the world is lost each year, from harvesting and storage to wastage in the consumer’s kitchen. In sub-Saharan Africa, about 21% of all food is wasted. If we could halve the sub-Saharan waste, we could feed an extra 100 million people. We can expect almost a …

Israel chides club for racism in bid to fend off FIFA suspension
By James M. Dorsey Israel’s Equal Employment Opportunities Commission (EEOC) has demanded that notoriously racist club, Beitar Jerusalem, the bad boy of Israeli football, retract recent statements that it would maintain its policy of not hiring Palestinian players because of opposition by the team’s militant, racist fan base. The demand comes as Israel is fighting …

Yemen: The little army that could
By Dr Cesar Chelala In his book Century of the Wind, the late Uruguayan writer Eduardo Galeano tells how in 1927 the US Marines landed in Nicaragua to quell a revolutionary revolt by Augusto César Sandino, who led a ragtag army of Nicaraguan peasants to fight the invasion. Armed primarily with machetes and 19th century rifles, Sandino’s army fought …

Infrastructure may not withstand new Internet speeds
The report included how Internet is used, the price ranges compared to income, the level of infrastructure in the country, and the availability of communication services to users, reflecting the lower communication and Internet services in Egypt.

Financial, e-commerce sectors to benefit most from Internet speed increase
Developing Internet speed will increase the volume of e-commerce and help in expansion, same goes for call centres, where Egypt is the pioneer country within the Middle East.
Internet companies link price reduction to TE solving infrastructure issues
Following Telecom Egypt’s (TE) decision to replace the copper Internet cables with high speed fibre optic cables, competing companies have been losing internet services, forcing customers to switch to TE Data, as it is the only company providing services in the meantime. “We cannot discuss enhancing prices and Internet speed service, while Internet providers lose …

Egypt requests new $ 300m World Bank loan for health sector
Egypt will receive loan in May and loan repayment period will be between 25-30 years, says Kouchouk

Egypt ranked among slowest countries worldwide for Internet speed
Local service costs average of $26.3 a month, says NET INDEX

Egypt’s Railway Authority’s 2015/2016 budget may reach EGP 12.8bn
The investment plan will be the authority’s largest and would focus on the much-needed revamping of run down facilities

EGP 4.5bn allocated to improve public services: Minister of Finance
Several ministries and governorates gain monetary allocations
Technical financial inclusion provides EGP 37bn into banking sector: Hanafy
Egypt depends on traditional energy sources to generate electricity at rate of 93% from gas and fuel, petroleum engineering professor says
In Pictures:Morsi handed 20 years in prison for inciting, demonstrating violence
All 15 defendants were acquitted of killing protesters in the Presidential Palace case

Egypt’s e-commerce activity expected to double: Souq.com co-founder
Egyptians prefer using domestic shopping websites, says MasterCard’s online shopping behaviour report

Prison-sentenced Morsi awaits next verdict on 16 May
Former president stands trial in four more cases

Egypt’s family planning programmes have 200% return rate: Study
Economic research estimates government can save EGP 43m using family planning

El-Abnoudy closes his eyes for the last time
He published more than 20 collections of poetry aside of writing famous songs for Egyptian legendaries like Abdel Halim Hafez and Mohammed Moneir.

Banning countries from religious competition could ‘heighten tension’: Analyst
Religious endowments ministry excluded Iran, Turkey and Qatar from International Quran Recital Competition due to “no relations” with Egypt