Latest in Tag: DNE Highlight
Latest in Tag: DNE

We believe that we will achieve a healthy return on our investment: Majid Al-Futtaim Holding
In an interview with Daily News Egypt, the company’s CEO Alain Bejjani said his company is reviewing several opportunities in the country, whether government projects, acquisitions or real estate, especially after embarking on a five-year plan to invest EGP 18bn in the domestic market.

Mubarak-era steel tycoon was not invited to summit: Lawyer
Ahmed Ezz stands trial in a number of cases that are still before courts

There will never be a perfect timing for summit: Former Finance Minister
Government was sluggish in launching new investment law, investors were not given enough time to do their homework, says former Finance Minister Samir Radwan

Al-Sisi greets Arab leaders in Sharm El-Sheikh airport
Arab leaders express support for Egypt’s efforts, statement says

Minor explosions rock Maadi
Five bombs explode in Cairo’s Maadi neighbourhood, residents say

Government taking right steps: EY partner
Companies & other entities here to execute, this is what makes this conference successful, says Ahmed El-Sayed

Work needed to improve investment Egypt’s opportunities: Legal expert
Government introduced Investment Law amendments to restore investor confidence, particularly regarding contracts with the state

GE to invest $200m in Egypt: CEO
Investment will take place over three to five years, says Jeffrey Immelt

Transportation Ministry targets $4bn investments at Economic Summit
Proposed projects part of comprehensive development aim to apply multimodal transport, says Dahi
Transport Ministry proposes $13.5bn investment projects in next 5 years: Minister advisor
Ministry’s projects will be proposed at Economic Summit with tenders worth $2.5b

ADIB- Egypt demonstrates strong commitment to summit
• ADIB – Egypt supports vital projects launched including power station, oil refinery, PPP in transport, wind farm and rehabilitation center

Egyptian market tops strategic markets in the African and Arab region: Aramex Founder
Laws must be enacted to eliminate bureaucracy, provide facilities to investors, says Ghandour
Turkey, Qatar economic interests looking to resolve political dispute with Egypt
Ankara and Doha awaiting resolution of political disputes to compete for Egyptian investment opportunities at Economic Summit

Summit to put Egypt back on investor map: IFC Country Manager
Our focus going forward in Egypt will be infrastructure especially energy, says IFC Country Manager

Will Economic Summit attract foreign investment in communication and IT sector?
Egypt is the most stable within the promising markets in Middle East, says businessman

Negotiations with Eni to execute $5bn project in next 3 years: Petroleum Minister
695,000 barrels of oil production, 4.7bn feet of gas daily for FY 2015/2016

Solar energy best investment in Egypt: HECSOLAR Chairman
The best investment opportunities in Egypt are in solar energy, Wang Weiting, Chairman of High Equal Circle Solar Technology Co. Ltd. (HECSOLAR) told Daily News Egypt Thursday Evening. Sending a message to President Abdel Fattah Al-Sisi and the Egyptian people, Weiting said on the sidelines of the Economic Summit in Sharm El-Shaikh, that he is …

UK number 1 foreign investor in Egypt: Embassy spokesperson
BG invested 14bn in Egypt, says company’s Egypt President Arshad Sufi
Various sector agreements could be signed during summit: Italian official
Twenty-five to 30 Italian companies from several sectors are participating in Egypt’s Economic Summit, Massimiliano Fachini, a member of the Italian delegation, confirmed to the Daily News Egypt. He added that the sectors represented include energy, electricity, manufacturing, cement, construction, finance and services, in statements on the sidelines of the summit in Sharm El-Shaikh. Discussions …

Egypt hopes to lure billions of dollars in investments during Economic Summit: Fitch
In response to Daily News Egypt’s questions, Gamble said the Gulf state’s support to Egypt’s economy will be in the form of FDI, rather than direct payments.
GAFI signs free trade zone agreement with Ajman Free Zone: Al-Hashemi
Ajman plans Egyptian free trade zone cooperation to support SMEs, economic growth

Internal political manoeuvres: The road to the summit
Parliamentary elections announced “for the summit”, but were “intended” to be postponed, politicians say

Government settles Saudi-Egyptian dispute for EGP 30m
Saudi investors compelled to pay costs of Sheraton Hurghada resort road transfer

Fate of impoverished uncertain under Egypt’s neo-liberal aspirations
Government focuses on consumption-based projects involving quick revenues, says researcher

Protest, investment and BP: Egypt is open for business but not for accountability
With billions of dollars of investment due to flood Egypt, we look at how the government has introduced new legislation to silence citizens’ voices of dissent

Egypt’s investments threatened by security situation: Security Experts
A shift from security targets to telecommunication branches, banks and electricity units has been witnessed recently
Committee to Protect Journalists demands meeting with Al-Sisi
CPJ expresses concerns over press climate in Egypt, urges officials for serious action
Officer killed in North Sinai’s Rafah
“State of Sinai” claim Al-Arish attacks on Tuesday
Bomb explosions in 10th of Ramadan City cause electricity blackout
Two more bombs hit Heliopolis and Fayoum, leaving one injured

7 masked men set police checkpoint ablaze in Menufiya
New minister of interior tours police stations and checkpoints in Cairo and Giza