Latest in Tag: News Highlight
Latest in Tag: News

Morsi’s espionage case adjourned to 4 January
Cairo Criminal Court adjourned the trial of former president Mohamed Morsi and 35 other members of the Muslim Brotherhood to 4 January. They face. charges of leaking documents that could harm Egypt’s national security. The defendants are accused of leaking the documents to foreign agents, including Hamas and Hezbollah. They also stand accused of funding …

Easy Taxi reaches 50 million rides
Easy Taxi intermediates have an underlying estimated transaction value of around $500 million per year

France loans Egypt €7.15m to develop Taba International Airport
Loan scheduled to be repaid in 20 years, with six year grace period and 0.17% interest

Gaza buffer zone to increase to 5km: North Sinai governor
Egypt first decided to establish a 500 metre buffer zone in late October, following two deadly attacks in Sinai that left at least 30 military personnel dead.
78 minors convicted for unlicenced protests released on parole
The Alexandria Juvenile Misdemeanour Appeal Court released 78 imprisoned minors convicted for illegally protesting and joining a banned organisation. In November, a first degree court had sentenced the minors, aged between 15 and 17, to between two and five year prison terms. Ahmed El-Hamrawy, one of the youths’ lawyers, said the judge decided to release …
New bid to acquire Arab Dairy offered, EFSA announces
Al-Nour Company for Dairy Product offers EGP 58 per share

Decline of international oil prices to decrease Egypt’s subsidy bill by EGP 25bn: Dcode study
Negative implications of BOP would lead CBE to adopt more flexible stance toward EGP/USD rate

Al-Azhar University expels 51 students
Total number of students expelled from university has reached 122

Electoral Commission issues decree regulating NGOs monitoring of elections
Organisations will be allowed to monitor all procedures for listing candidates, distributing electoral propaganda, casting votes, counting votes and declaring results.

Policeman killed, another injured in Mohandesin drive-by shooting
Two gunmen on a motorcycle opened fire on the policemen, who were guarding the HSBC and Union National Bank branches in Sphinx square in Mohandesin, Giza.

Citibank Egypt still studying banks’ offers to buy its consumer business
Vice president denies 9 banks have offered purchase
Policeman killed, another injured in drive-by shooting in Giza
A policeman was killed and another injured in a drive by shooting in Giza Saturday morning, according to state news agency MENA. The attackers escaped. Two gunmen on a motorcycle attacked and opened fire on policemen guarding HSBC and Union National banks branched in Sphinx square in Mohandesin, Giza. The attacks resulted in the killing …
Two ‘State of Sinai’ militants allegedly killed in Cairo
Militants were responsible for several terrorist attacks, say Ministry of Interior

Drive-by shootings of security personnel ‘difficult to prevent’: Analyst
“This happens every week,” says analyst Mohamed Qadri Saeed

Al-Sisi obliges financial services, public sector to pay income tax electronically
Finance minister said amendment helps managing public debt as it improves flow of tax revenues to the CBE

Badie’s police station storming trial adjourned to 14 January
In separate case, Boulaq clashes trial adjourned to 11 January

Detained Al Jazeera journalists send Christmas Greetings and plea for help
I’m a desperate Canadian citizen that needs the government to stand by me, says Fahmy

Al-Sisi congratulates new Tunisian president and hopes for “new era of solidarity”
Essebsi declared winner with 55.68% of the vote

Al-Sisi ratifies electoral districts law
President Abdel Fatah Al-Sisi ratified Monday the electoral districts law after its cabinet approval earlier this month. Under the new law, Egypt is divided into 237 constituencies assigned for individual nominees, and into four constituencies for the party list system, according to a presidential statement. The law also defines the range and elements of each …

Al Jazeera Mubasher Misr closes with speculation general Mubasher channel will air from Egypt
Al Jazeera Mubasher Misr, the Qatari news network’s live streaming channel focused on Egypt but airing from Qatari capital Doha, aired its last news brief Monday evening. The channel’s official twitter account announced the news right before the news brief’s airing. Nadi Abou El-Magd, an Egyptian journalist working for Al Jazeera, tweeted the news saying: …

Gold prices remain low: FEDCOC Gold Division Head
Official says gold prices were not notably affected by oil pricing crisis

Metro ticket price will not increase: Metro spokesperson
Cabinet sources attributed as saying metro tickets will increase from EGP 1 to between EGP 1.5 and EGP 3

Over half a million Egyptians offered work contracts abroad: Manpower Ministry
Ministry of Manpower offered approximately 150,000 job opportunities between March and December
Trade deficit increases 70.9% in September year-on-year
Deficit reaches EGP 27.9bn compared to EGP 16.3bn in corresponding month last year

ICT market generally growing in Egypt: Intel’s META business director
By Mohamed Alaa and Sara Aggour With the government constantly announcing new plans to develop its information and communications technology sector, Daily News Egypt sat down with Intel’s regional business director for the Middle East, Turkey and Africa (META), Frederico Carvalho, to discuss potential opportunities in the market, the future of tablets, and big data …

6 Middle East countries lose $35bn as impact of Syrian war and ISIS spread
Analysis suggests Syria and Iraq bear brunt of direct costs of war, losing 14% and 16% in per capita welfare, respectively

EIPR calls for more budget transparency
Budget transparency defined by disclosing more information on budget and providing simple and clear data for public to understand, EIPR study says

Stock market sheds EGP 12.4bn, all market indexes decline
A further drop in oil prices results in additional losses for the Egyptian capital market

Egypt exports to UK grow by 30% in 2014: Egyptian-British Chamber of Commerce
Egypt-UK trade volume expected to surpass $2bn for first time, chamber says

Kuwaiti and Egyptian Foreign Ministers discuss bi-lateral ties
The two foreign ministers discussed Arab harmony and regional development in detail