Public Enterprise Sector Ministry announces EGP 7.4bn net profit in FY 2016/17
71 companies owned by the ministry have witnessed an improvement in performance
Mohamed Samir
620 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
Middle East inbound M&A increase by 220% to account for all-time high of $7.3bn
This is the region’s best annual start since 1980, said the managing director of MENA Thomson Reuters
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 …
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 …
Coal can help address challenge of intermittency in renewable energy supplies
GE installed more than 150 gas and steam turbines in Egypt generating 15.5 GW of power
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 …
Egypt Auto sales decline by 39% YTD 2017 compared to 2016
1.5-1.6 L engine cars registered at 52% of the total passenger cars sales volume in YTD 2017
Egypt paid EGP 74 bn in lost arbitration cases in the last decade: IAMA
Economic losses from international arbitration cases are an obstacle to regional economic growth, said IAMA chairperson
Bosch weighs expansion plans in Egyptian market
Egypt can serve as a trading and logistical hub for Bosch in the Middle East and Africa, says Kabil
Kabil, Sharma discuss IKEA’s expansion plans in Egypt
Egyptian market world possesses the promising investment opportunities, states Sharma
Industry Minister inaugurates 2017 Automech Formula Exhibition in Cairo
Egypt qualified to be an auto industry centre in the Middle East and Africa, says Kabil
Egypt replaces South Africa as top spot in “where to invest in Africa” report
Some African governments have had to implement deep and painful budget cuts, announce multiple currency devaluations, said RMB analyst
Nasr meets leading US investment fund heads with total investment portfolio of $278 bn
Investment forum to be organised in Egypt in coordination with US chamber of commerce in 2018
IDA, SECC sign MoU for establishment of integrated industrial city in Fayoum
The new city will be built in the latest global style to attract international investments, said Kabil
Unified Investment Law to further increase Egypt attractiveness: OBG Africa managing editor
US aid cuts will unlikely deteriorate economic ties
Germany tops the world’s quality of nationality index, Egypt ranks 130
There is no direct correlation between the power of the state and the quality of its nationality, says QNI co-author
SMEs to receive tax exemption: CBE governor
Inclusion of 9 m clients in mobile banking services
Ukraine claims it would exit Egyptian wheat market due to new import rules
Egypt’s Ministry of Agriculture denies any changes to wheat import rules
Dabaa nuclear power plant contracts finalised: Ismail
Putin accepts Al-Sisi invitation to attend the signing ceremony of the Dabaa nuclear power plant
Cairo hotels maintain occupancy growth in Q2 2017: Colliers
Travel ban lift is expected to lead to increased occupancy rates in Sharm El-Shiekh and Hurghada
The world continues to economically suffer from violence: IEP
The economic impact of violence on the global economy in 2016 amounted to $14.3tr
Tarek Amer named Central Bank Governor of the Year by IMF’s, World Bank’s GlobalMarkets
The selection was based on Amer’s role in reforming Egypt’s currency exchange system
UK Minister for Middle East in Cairo to discuss bilateral cooperation
The UK is Egypt’s number one economic, investment partner, strong supporter of Egypt’s economic reform, says John Casson
Egypt’s B3 rating maintained, outlook remains stable: Moody’s
Any increase in fuel or food prices would reverse the subsidy reforms
Egypt to build a fast tram connecting New Administrative Capital with Greater Cairo
The project will accommodate 340,000 passengers daily
Nasr discusses $3bn cooperation strategy developments with AFDB
Final procedures for the $500m third tranche of the $1.5bn loan were discussed.
Egypt economic outlook improves despite deteriorating regional outlook: FocusEconomics
Total investments have grown by 4.1% in FY 2017 and are forecasted to grow by 5.7% in FY 2018
Ministers of investment, antiquities review establishment of 2 investment zones with Luxor governor
The new Investment Law will provide incentives for investments in Upper Egypt, says Nasr
$4.8bn trade volume between Egypt and African markets
Economic ties are the top priority on Al-Sisi’s agenda in the upcoming African tour
Egyptian Tourism Ministry backtracks on allowing Burkini
Hotels now have the authority to either ban or allow women wearing Burkini from using their pools