Latest in Tag: DNE Highlight
Latest in Tag: DNE
Dar Al-Ifta condemns ‘racist’ US bus poster campaign attacking Islam
Posters on buses in Philadelphia equated Islam with Nazism as “Jew-hating”
Exhibition in the memory of painter Mahmoud Said
Nine of these paintings have Said’s signature on them. For his 118th anniversary, the loyal art-lover and fan showcased printed and magnified versions of his original paintings in her art gallery.

Armed ‘criminal’ killed in Imbaba police station attack
Policeman injured in the attack

Samsung acquires 70.8% smartphone sales, maintains top spot in Egyptian market
Talking to Daily News Egypt on the company’s Egypt market share, El-Gamal said Samsung obtained the biggest smartphone market share by acquiring 70.8% of the total devices sold by the end of the first quarter of this year.

DrBridge seeks investments at $4m to start foreign expansion: CEO
We plan to expand externally by the end of 2015, and are choosing between Saudi Arabia, Nigeria and South Africa, says Barsoum

€1.2bn total grant aid from EU for 200 projects: EU Ambassador
Egypt needs economic growth for the many not the few, Moran says

Joint statement from prominent rights organisations condemn radio director’s arrest
Arrest of Ahmed Samih is another instance of “ongoing campaign to intimidate and terrorise human rights defenders”

Those encouraging legalisation of hashish looking for media show: Head of Anti-Narcotics Administration
Hashish most widely circulating drug in Egypt, frequently traded in poor areas, says Major General Ahmed Elkholy

Second month of academic semester sees military tribunals and a sit-in
Storming campuses and dispersing student activities, says AFTE report

Finance ministry to borrow EGP 249bn through bonds, treasury bills
The ministry will issue treasury bills worth EGP 33.5bn for 91 days, and EGP 40bn for 182 days

Elections to commence before Ramadan: Mehleb
Not possible before mid-June, says party deputy head
Capital taxes fuel row between authority, brokers
Approximately EGP 250m were collected in 2015: MCDR Head

Egyptian-Emirati project to reclaim 220,000 acres using solar energy
The project also aims to transform region into attractive area for residents

Kuwaiti Fund loans Egypt $1.5bn
With latest aid, KFAED’s financial support to Egypt totals 40 loans

Foreign reserves record $15.29bn end of March
The reserves figure remained within the same range since the beginning of 2015
Syrian refugee leaves Egypt for failing to obtain residency since 2012
“My cousin, born and raised in Egypt, went to study abroad and can’t come back,” says Ahmed
Preachers not allowed to travel to Iran amid fears of ‘Iranian expansion’
Ministry of Religious Endowments reiterated warning against Iran’s “blatant interference” in Arab countries’ affairs
Verdict on closure of HRW headquarters to be issued 19 May
Although HRW does not currently have offices in Egypt, the verdict would still serve to “undermine the group’s presence in Egypt”, says lawyer

1948 Palestinian refugee descendants cannot afford residence permit renewal
Nearly 5,000 Palestinians live in poverty in Sharqeya governorate

Employment, detention, and registration: On Syrian refugees in Egypt
Dozens still held in prison in Alexandria despite release order

MIDOR, Gas Cool, El-Neel oil marketing seek bourse listing
Ministry of Supply also studying FIHS’ listing

Gulf Capital receives ‘Firm of the Year’ award
Gulf Capital has been actively investing in private equity and credit and mezzanine arenas

Slight increase in number of internet users last December
Meanwhile, the number of internet users through USB reached 4.5 million by the end of last December, compared to 3.9 million last November, achieving a growth rate of 1.4%.

Cairokee celebrate release of 5th album
“Our songs discuss issues for the first time in Arab music history,” says band

Ministries of Industry, Finance need balance between Egyptian, European exporters: GB Auto SAE CEO
Customs exemption for Egyptians in the European market is 10% compared to 135% for Europeans in Egyptian market

New deliveries from 1m residential units’ project next week
Applicants benefiting from project have been raised to up to 50 years of age instead of 45
Finalising procedures of $3bn loan in June: EGPC Chairman
Work is being finalised on the procedures of obtaining a $3bn loan from the Islamic Development Bank (IDB), allocated to the Egyptian General Petroleum Corporation (EGPC). The procedures for the loan are set to be completed by June, said Chairman of EGPC, Tarek El-Mulla, adding that the IDB loan will be issued due to a …

4 public petroleum companies to be listed on EGX
IPOs of first two companies to be within Q1 of 2016

Hotel, resort reservations to increase 20% next winter: Tourism Minister
Ministry of Tourism working to increase tourist flow to Egypt by 20% by end of year, bringing tourist numbers up to 12 million

B-Tech predicts EGP 1.80bn sales in 2015
B-Tech intend to increase capital to EGP 250m-EGP 300m during 2015 through new financial institutions, says B-Tech CEO