With a completely new platform, the firm is determined to regain its leading position in the smartphone market
Latest by Mohamed El-Bahrawi
The President of the Egyptian Businessmen Association, Hussein Sabbour, relays to Daily News Egypt his concerns and diagnosis of Egypt’s economic crisis and sheds light on how Egypt can overcome the perils of status quo
The survey indicated that among high-income Egyptians who would potentially buy a car, 65% believe that the increase in fuel prices would factor into their choice of a car that is more fuel-efficient, while 18% felt that the rise in petrol prices would not affect their choice.
OCI NV launches exchange offer to absorb outstanding stocks and GDRs of parent company OCI SAE
Former Minister of Petroleum, Abdallah Ghorab, talks to Daily News Egypt about the country’s energy problems and the crippling bureaucracy hampering development
While its true that the Egyptian petroleum industry has endured the past two years of consistent political turmoil better than most industries in Egypt, and has been somewhat successful in sidestepping many of the economic impediments brought about by the lack of stability and security, it is by no means impervious to the structural disarray and the flimsiness of the current government.
President of the federation of Egyptian Chambers of Commerce, Ahmed Al-Wakil, stated that the EU is Egypt’s number one trade partner and called for the reinforcement of Egyptian European bilateral relations.
American Chambers of Commerce across MENA discuss regional development opportunities with investors and international organisations
Muiz Saad, vice president of distribution of Thuraya for Mobile Satellite Services, talks to Daily News Egypt about the company’s scope of operations and its expansion plan for 2013
If you’ve lived in Egypt long enough, you probably know that the police force is colloquially dubbed “the government.” It is the first arm of the government encountered by citizens in their daily lives. For as long as I’ve lived, there has always been a mutual sense of resentment, animosity and even contempt between the …
Gradual increase in water prices, taking place over a five-year period starting with January 2013, would seek to control and regulate consumption
A Jordanian delegation from the Egyptian-Jordanian Joint Committee came to discuss plans between the two countries to allow companies from the former to drill for oil in the latter
S&P cuts Egypt’s credit rating to B-; fourth downgrade in 14 consecutive months
Changes in the tax code had been approved after the ministry had consulted with various business organizations, according to the minister of finance
Us Egyptians are proud and our honour reigns supreme. It doesn’t matter if you’re a wealthy businessman or a destitute employee, an illiterate farmer or an erudite scholar, a petty thief or an upright gentleman, a teenager or a grandparent, Muslim or Coptic, this particular susceptibility prevails among all Egyptians. It is part of our …
Operations remain suspended due to a shortfall in working capital
Qatar National Bank (QNB) Group announced that it is in “definitive agreement” with the French bank Societe Generale concerning the acquisition of its entire stake in National Societe Generale Bank Egypt (NSGB). Societe Generale owns 77.17 per cent of NSGB. QNB Group will launch a mandatory tender offer (MTO) for 100 per cent of the …
Real estate investors are drawing up plans to create more balanced land contracts
Looking at how the presidency chose to deal with last week’s turmoil, it has become increasingly difficult to find a silver lining. The dreadful sight of Egyptians killing one another over political beliefs with such conviction is unprecedented, and it makes me sick to see politicians use that to further their agendas with absolute disregard …
Calls for the Ministry of Petroleum to set price ceilings on oil companies
The President of the African Securities Exchanges Association (ASEA), Sunil Benimadhu, talks to Daily News Egypt, discussing Africa’s potential as an investment destination and the role of securities exchanges in promoting and benefiting from such potential.
As social fissures deepen and clouds of bellicosity darken the skies of Egypt, threatening a deluge of violence, Morsy’s dismissive attitude reveals his once-masked dictatorial disposition. In his interview on Egyptian National Television, Morsy’s spoke in the tone of the patriarch, the father to all Egyptians, a tone quite reminiscent of his ousted predecessor. “Those …
“How did you get so powerful? They asked the Pharaoh. He retorted: there was no one to stop me.” At the expense of sounding cliché, this simple proverb about sums it up; the conception of Morsy’s latest omnipotence decree is firmly rooted in the notion that his opposition is too feeble to pose a serious …
The Ministry of Petroleum aspires that the private sector would be capable of importing approximately 500 million cubic feet per day
The new device is planned to be offered at a consumer-friendly price through Etisalat outlets
The General Secretary and CEO of the Arab Brazilian Chamber of Commerce, Dr Michel Alaby, talks to Daily News Egypt about investment prospects and enhancing trade relations between Brazil and Egypt
The air of ambiguity surrounding Egypt’s receipt of the IMF loan provides a distraction from what the loan is really about, and the clandestine nature of the negotiations goes a long way towards substantiating the true objective of the loan. For the sake of dodging bouts of public rage in times when they’re as frequent …
Investors still remain timid of the high risk they would be assuming by pouring large investment into Egypt
During the 2011-2012 fiscal year, public sector petroleum companies have generated revenues totalling EGP 14.7 billion, a 9 per cent increase from fiscal year 2010-2011
Drops of tax “reforms” have been percolating from the cabinet to the public over the past few days, leaving the latter surprised, bewildered and anxious as to what’s yet to come. Wednesday the government approved a progressive income tax and variety of taxes on the securities market. Yesterday, a one per cent bump in sales …