Latest in Tag: DNE Highlight
Latest in Tag: DNE

Siemens to invest in Egypt
The company will build traditional and wind power plants

Summit’s second day kicks off
New investments, Memorandum of Understandings and partnership agreements signed
19 ‘State of Sinai’ members reportedly killed
The militants were killed as armed forces targeted their hideouts with airstrikes
4 injured in front of Alexandria bank
Explosions target banks and telecommunication branches during Economic Summit in Sharm El-Sheikh
Concerns over human rights, civil society situation in Egypt before UNHRC
No genuine political will to stop violations against human rights defenders in Egypt, says rights groups

Legislative Reform Committee green lights special investment law for Suez Canal: Sarie-Eldin
Law allows authority to launch major development company, and completely own it or in co-operation with private sector, and cancel the requirement of owning at least 50%

Saudi Arabia, UAE, Kuwait strong backers of Egypt’s economy
Overview of Gulf aid to Egypt in the new era
International financing institutions strong backers of Egypt
International financing institutions confirm attendance to Egypt’s Economic Summit this month

Egyptian government going in right direction of tackling challenges
In an interview with Daily News Egypt, Mustafa Abdel-Wadood, a Partner at Abraaj, said the government needs to tackle the historical challenge of “dual messaging” sometimes faced by private investors.

2015 proves promising for capital market
After 2.5 months in 2015, capital listings in Egyptian Exchange have almost reached the total registries in 2014

Public companies’ IPOs will be through capital increase: Omran
Investors do not mind applied taxes, but seek a clear and simple mandate, EGX chairman said

Investment climate will improve with unified investment law: Raya Data Centre CEO
We are considering competing for Smart Village, smart electricity metres, and new and renewable energy projects during the Economic Summit, says Asaad

A deal CBE to open an overdraft account in dollars to release imported goods: Mohamed Al-Suwaidi
The CBE needs to improve the way it deals with the dollar crisis

27% payment of land price, 3 year grace period, to attract tourism investments: Minister’s Economic Adviser
Ministry counting on revitalising tourism investment by putting forward five major investment opportunities in Economic Summit

As important as revolutions are for country’s social, political development, they do destabilise: Siemans CEO
Egypt is the most stable within the promising markets in middle east, says businessman

IBM awaits summit to complete vision on projects to invest in
IBM continues to support key sectors of the national economy through and to engage with stakeholders in all sectors to advance social, economic, scientific development, says GM
If you look carefully, Egypt has all premises for success stories
On the importance of channelling individual talent into collective actions to transform creativity into business, job opportunities

Egypt needs dedicated people with outstanding work ethics, and plan for Egypt’s long-term success: Awadallah
I want to help mentor the new generatIon of technology entrepreneurs In egypt as the country has a lot of smart engIneers who can absolutely buIld great technology companIes: awadallah

Turkey absent from Economic Summit after strained diplomacy with Egypt
Relations between Egypt and Turkey had witnessed a minor improvement following the partial reconciliation between Qatar and Egypt

Qatari Emir to attend summit amidst dispute
Egypt’s judiciary is looking into a lawsuit accusing Qatar of supporting terrorism by “providing financial, logistical and media support for terrorist leaders in the Arab world”

Travco plans to bring over 1 million tourists to Egypt in 2015
Egypt must fill its calendar with events in all sectors to create “touristic demand”, says Travco Group Vice Chairman

Egypt unearths long-lost African ties
Since President Abdel Fattah Al-Sisi took office, efforts to communicate with African countries were of no less importance than other “big powers”.

US complex relations with Egypt may improve following Economic Summit
The US partnership thrived under toppled president Hosni Mubarak’s reign
China: Egypt’s advancement towards the East on the chessboard
A significant part of Egypt’s move towards the East to check Western influence is China. President Abdel Fattah Al-Sisi gave a speech before the Egyptian-Chinese Business Council in China late December, inviting Chinese investors and companies to actively participate in the Economic Summit. “This population is now inviting you to form a serious partnership and have …

Russia and Egypt’s hands knotted with military and economic cooperation
Economic relations with Russia are seeing a sharp rise, with Putin announcing the two countries seek to cooperate in the infrastructure, automotives and chemical industries fields.

The Gulf: Close political ties, major investments in Egypt
The Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, UAE President Sheikh Khalifa bin Zayed, and the King of Bahrain Sheikh Khalifa bin Hamad Al-Khalifa are all attending the summit in Sharm El-Sheikh, along with the rest of the Gulf delegations.

Free trade agreements made Egypt entrance to 1.6bn clients: Danesh
The Smart Village is studying expanding in Tunisia.

Ministry of Communications presents 3 projects at EGP 31bn at summit: Minister
Ministry is relying on attracting offers for three projects, which will be proposed for the investors within three days through the summit

Egypt predicted to be among major G-20 economies: The District CEO
I aim to bridge the understanding and the inclusion of small and medium enterprises [SMEs] in the Egyptian market:

Motivational economic reforms, legislations insufficient: Officials
The government considers with economic decisions and actions serve the foreign investor only, without considering the local investor, Holding Company for Spinning and Weaving member