Mohamed Samir

581 Articles

Mohamed Samir is an economic and political journalist, and analyst specialising in the Middle East. Over the past decade, he covered Egypt’s and the MENA region’s financial, business, and geopolitical updates. He is currently the Deputy Executive Editor of the Daily News Egypt.

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Latest by Mohamed Samir


$334bn total market cap of cryptocurrencies following Bitcoin surge

The total market capitalisation of all cryptocurrencies currently in circulation reached a record high of $334.5bn on Saturday, according to data from industry website CoinMarketCap, as a result of the recent Bitcoin price hike. A total of 16 coins are currently valued at $1bn or more, and around 13 coins are coming in at over …

Mohamed Samir

The Prosecutor General Tala’at Abdallah announced on Tuesday that he has asked the Office of International Cooperation to prepare a memorandum asking Interpol to arrest former presidential candidate Ahmed Shafiq. (AFP/File, Mohammed Abed)

Ahmed Shafiq announces bid for 2018 election: Reuters

Ahmed Shafiq, the last prime minister under deposed president Hosni Mubarak and a 2012 presidential candidate, announced that he intends to run for Egypt’s 2018 presidential election and that he will be returning to Egypt “in the next few days”, Reuters reported on Wednesday. Shafiq said in a video declaration sent to Reuters and a …

Mohamed Samir

1,055 terrorist attacks took place in 2017, resulting in 6,123 fatalities 

The death toll from global terrorism-related attacks accounted for approximately 6,123 fatalities in 2017, including the Friday Rawda mosque attack in Egypt, according to data from the “terrorist attacks map”, a collaboration between the Esri Story Maps team and PeaceTech Lab, made to present a chronology of terrorist attacks around the globe. However, despite the …

Mohamed Samir

Groupe PSA, Mansour Group, Scope Investment partner in Egypt 

The French multinational manufacturer of automobiles Groupe PSA announced that they are currently finalising the conditions of their partnership with Mansour Group, to be operational by early 2018 for the benefit of Egyptian customers. In May 2017, Groupe PSA, which manufactures automobiles and motorcycles sold under the Peugeot, Citroën, DS, and Opel brands, launched an …

Mohamed Samir

5.2% GDP growth in Q1 2017: minister of planning

Minister of Planning Hala Al-Saeed announced, at a Wednesday press conference, that Egypt’s gross domestic product (GDP) growth registered 5.2% in the first quarter (Q1) of fiscal year (FY) 2017/18. Al-Saeed explained that GDP is on a growth path due to the fact that an approximately 3% increase in investment inflows was achieved during the …

Mohamed Samir

Black Friday retail’s saviour 

Black Friday, which is the day immediately following Thanksgiving in the United States, has become synonymous with rampant shopping, becoming an essential part of media, economic, and cultural calendars. Although there is a cultural basis for Black Friday in the United States, the concept has been embraced globally, especially after the rise of e-commerce over …

Mohamed Samir

$ 3.5bn Egypt’s exports to Gulf countries in 8 months

The Central Agency for Public Mobilisation and Statistics (CAPMAS) revealed that Egypt’s total exports to the Gulf countries during the period from January to August 2017 was worth $3.5bn. On the other hand, the total value of exports to those countries during the same period last year was $3.4bn. CAPMAS’ latest foreign trade report, for …

Mohamed Samir

Nuweiba

Nuweiba: Egypt’s paradise of serenity 

There is no place better than the Sinai’s Nuweiba, where you can capture the real essence of the desert: waking at sunrise, just moments before the sun peaks over the mountains, and diving into the water just as the sun rises amidst the clouds. When the night comes, people start gathering from nearby villages to …

Mohamed Samir

34% of Egyptian families are headed by women, equivalent to 8m families

The number of Egyptian families that are headed and supported by women has registered at 34%, accounting for around 8m families, according the National Centre for Social and Criminological Research. On the other hand, census data that was published by the Central Agency for Public Mobilisation and Statistics (CAPMAS) estimates the number of families headed …

Mohamed Samir

How Egyptians coped with soaring prices???

Egypt, a country with a population of 90m, where more than 28% of them live below the poverty line, has been struggling with economic challenges and political turmoil since the 25 January Revolution in 2011. In November 2016, the government started to implement the economic reform programme backed by the International Monetary Fund (IMF), which …

Mohamed Samir

The four different AI and automation influenced worlds that may emerge by 2030 

In the recent years, the world has been undergoing a transformation of the way work occurs. Automation and Artificial intelligence are on the rise, replacing human jobs, doing their tasks and changing the skills that organisations look for in their employees. PricewaterhouseCoopers (PwC)  the leading professional services firm has conducted a research that begun in …

Mohamed Samir

CBE raises banks’ reserve requirement

The Central Bank of Egypt (CBE) decided to raise the reserve requirement ratio of banks from 10% to 14%. The bank announced on Tuesday that this resolution will be applied starting 10 October. The CBE had maintained the reserve requirement ratio at 14% since 2001 until 2012, which was reduced gradually after the 25 January …

Mohamed Samir