Authorities should form committee to abolish bureaucracy: Naguib Sawiris
Flotation was the right decision; if it came earlier we would have suffered less
Mohamed Samir
555 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.
Latest by Mohamed Samir
Government and private sector to turn Egypt into sport tourism destination: Abdel-Aziz
In the wake of the decline in tourism, the Egyptian Ministry of Sports and several sports federations have begun to boost tourism by organising international championships in Egypt, especially in touristic areas such as El-Gouna, in cooperation with the Ministry of Tourism. This year is full of prestigious sporting events. On 1 July, Egypt will …
Flotation will allow Egypt to be competitive tourist destination once again: Samih Sawiris
Tourism promotion campaigns will make a difference if done with the participation of sector’s experts
El Gouna International Squash Open hopes to restore tourism
Organisers aim to improve Egypt’s image abroad through the tournament
Only 3 million Africans can get jobs annually
11% to 26% of Africans are unemployed, the highest rate in the world, says Mokaddem
Region cannot restore stability without US assistance: Al-Sisi
Aya Hegazy is a judiciary matter, as a president I don’t have the authority to intervene, says Al-Sisi
World Bank officials to visit Egypt to discuss new development projects
Nasr discussed increasing the cooperation between the two sides with vice president of the World Bank
Nasr discusses injecting new investments in Egypt with OPIC
Egypt to provide guarantees to US companies
Egyptian food retail market grows stronger despite challenges
Egypt continues to maintain its position as the Arab world’s largest consumer market. With an estimated 92 million citizens and one of the world’s fastest growing populations, the demand for food products will continue to grow. Although the country faced various economic challenges following the 2011 and 2013 regime changes and subsequent decreases in tourism …
Egypt looks for opportunities in Al-Sisi’s visit to US
The visit will benefit both countries’ relations, but there might be some conflicts regarding regional policies, says Hassan Nafaa
Investments of 646bn targeted for FY 2017/18, 55% coming from private sector: El-Garhy
EGP 2.2bn of value-added tax revenue on cigarettes were allocated to health insurance
“Egypt” entrepreneurship company to be established with aim of helping small investors
The joint contribution will include the Ministry of Investment and International Cooperation, the SFD, and NI Capital, with EGP 451mn of investments
The Egyptian real estate market: a future between skyrocketing prices and fear of recession
Daily News Egypt has obtained data from Aqarmap, the real estate search engine, regarding land prices in Greater Cairo
Will Al-Sisi’s visit write a new chapter in Egyptian-American relations?
A special relationship between Egypt and the United States has been established in the wake of the 1973 war, as a result of late Egyptian president Anwar Al-Sadat’s decision to gradually shift from the Soviet camp, sign the 1979 Camp David peace treaty with Israel, and establish stronger ties with Washington in return for various …
Norway in top spot, Central African Republic last in World Happiness Report
Egypt took the 104th spot globally and 9th in Africa
Egyptian exports to UAE and Turkey increased by 19% in 2016 while imports declined
$1.5bn surplus in trade balance between Egypt and the UAE was achieved in 2016
Amazon to acquire UAE-based e-commerce platform souq.com
Souq currently controls around 78% of all e-commerce in the MENA region
MOU signed between Egypt and Poland to boost economic cooperation
Plans to establish an Egyptian-Polish Chamber of Commerce to promote bilateral trade
IMF delegation to review Egypt starting April 28: El-Garhy
IMF to complete their review of the programme in June this year, before releasing the 2nd tranche
Cairo hotel revenues to drop: Colliers International
Although Cairo occupancy rates are forecast to be healthy, a pronounced drop in hotel revenues per available room (RevPAR) is expected as a result of the devaluation of the Egyptian currency in November, according to Colliers International’s “The MENA Hotel Forecasts” February report.
FX is not only indicator for assessing economy: Arqam Capital
Most of the foreign exchange (FX) flows to banks are being directed to alleviating longstanding pressure on the corporate and household sectors to spur economic activity and reduce inflationary pressures, while meeting the demands of foreign companies and investors for repatriation. According to Arqam Capital’s report “The Devil in the FX” published in February, the …
El-Garhy meeting with IMF in London to review Egypt’s economic performance
Proposed stamp duty to be reviewed by the Economic Affairs Committee within two weeks
Minister of Finance issues VAT bylaws
The bylaws will provide tax refunds for exported goods and services
2017 poised to tough for Egyptian consumers: Arqaam Capital
Inflation to reach 20-25% in FY17, driven by fuel subsidy cuts and increase in VAT rate
Egypt rebalancing continues, yet challenging year lies ahead: Fitch
“The rising levels of foreign exchange (FX) reserves, a return of private capital inflows, and appreciation of currency, marks the progress in Egypt’s gradual external rebalancing in early 2017. Further fiscal consolidation in addition to external rebalancing would lay the groundwork for a broader-based improvement in sovereign credit metrics in 2018,” said Fitch Ratings in …
World Bank delegation to visit Cairo
A high-level delegation from the World Bank is scheduled to visit Egypt within the next two weeks to review the regulations undertaken by the government to enhance Egypt’s business environment and activities. The review will then be published in the World Bank’s “Doing Business” annual report, said Minister of Investment and International Cooperation Sahar Nasr …
Currency flotation is paying off as foreign flows drive foreign-exchange stabilisation: EFG Hermes
Squeezed by turbulence and uncertainty since 2011, Egypt’s economy encountered numerous challenges, such as the prolonged political transition that led to the build-up of macroeconomic imbalances. The government decided to adopt an economic reform programme—backed by the International Monetary Fund (IMF)—which included the introduction of the value-added tax (VAT) law, the reduction of fuel subsidies, …
AmCham MENA Regional Council’s annual forum to launch in March
AmCham MENA is advocating for a more friendly business environment to support SMEs growth, according to regional secretariat of the AmCham MENA Council
EGP exchange rate against USD remains stable
Settles below EGP 16 for first time since December 2016
Flotation, economic reforms mark the start of a new beginning: PwC Middle East
New wave of economic reforms, liberalisation of EGP are huge leap towards luring foreign investors back to Egypt and strengthening economy, says PwC report