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‘Kharbin’ Pyramids new deal, the best in Asia

The management of Pyramids Club announced including Syrian player Omar Kharbin who comes from Saudi Al-Hilal for six months during the current period of winter transfers. Kharbin has recently been part of his country’s national team in the Asian Nations Cup currently held in the Emirates. It has seen the exit of the Syrian team …

Daily News Egypt

Gold Shoe battle: Messi in lead, Salah comes third

Lionel Messi, the star of Barcelona, has been named the highest scorer in Europe’s Big Five with 18 goals. Messi scored one goal, contributing to Barcelona’s win against Leganes by 3-1 in the match played on Sunday evening at Camp Nou Stadium within the competitions of the 20th round of Spanish “La Liga”. Kylian Mbappé, …

Daily News Egypt

Hybrid cars set new challenge in local market: car market analyst

The current recession experienced in the Egyptian automotive market was caused by customers’ anticipation of the new car prices after the full removal of customs on European-origin cars which would lead to similar changes in other brands’ prices, said Mohamed Sheta, a car market analyst and editor-in-chief of Auto Arabia Media Group. He added that …

Daily News Egypt

Experiencing new challenges

Starting 2019, all European-manufactured vehicles have become duty-free after applying the last phase of duties’ exemption in accordance with the Egypt-EU Association Agreement which caused a notable decrease in vehicle prices ranging from 8% to 15%. Customers in the Egyptian market had high expectations that this step will push car dealers to significantly reduce prices …

Daily News Egypt

Stable outlook for Levant, North Africa in 2019, although slowing reforms point to downside risks: Moody’s

The 2019 stable outlook for sovereign creditworthiness in the Levant and North Africa region reflects support from modest domestic growth and some expected further progress on fiscal consolidation, set against the slowing pace of structural and fiscal reforms in most countries, Moody’s Investors Service said in a report on Tuesday. The report titled, “Sovereigns – …

Daily News Egypt

“2019 better for paper sales”: head of printing, packaging, paper division

Undoubtedly, the floatation of the Egyptian pound severely impacted the publishing industry in Egypt. However, the more stable economic conditions became, the further hopes increased for an improved situation for such an important industry. The General Manager of the Printing, Packaging, and Paper Division in the Federation of Egyptian Industries, Mahmoud Hasanain, supplied Daily News …

Daily News Egypt

The public sector heavily influences where the direction taken by the Egyptian book industry Hassan Ibrahim

Book exports deprived of financial subsidies: head of ECBA

One of the biggest challenges that the publishing industry in Egypt is facing is the lack of government subsidies to finance such an important industry, impeding from reducing the burdens it is facing. Unfortunately, even Egypt’s publication exports—book exports in particular—also do not receive any type of support, especially financial subsidies, according to Ahmed Helal, …

Daily News Egypt

Passenger traffic at Egyptian airports increases by 12.1% in 2017

The total passenger traffic at airports reached 30.5 million passengers in 2017 up from 27.2 million passengers in 2016, an increase of 12.1%, the Central Agency for Public Mobilisation and Statistics (CAPMAS) announced on Monday in its annual bulletin of air transport statistics for 2017. The total number of flights increased by 1.5% reaching 281,000 …

Daily News Egypt

KarmSolar identified among companies to inspire Africa 2019: LSEG’s report

KarmSolar, Egypt’s fastest growing solar energy solutions company, has been identified by the London Stock Exchange Group (LSEG) as one of the Companies to Inspire Africa 2019 listing. The LSEG report acknowledged Africa’s most dynamic businesses. Companies need to be privately held, and show an excellent rate of growth and potential to push African development, …

Daily News Egypt