Banque Misr signs new cooperation protocol to finance leather tanneries
Governmental incentives will be provided to the first 10 tanneries moving to Rubeiky city, says trade minister
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
CBE’s new mobile banking regulation will create new business opportunities for Egyptian banks: Moody’s
There are significant growth opportunities for mobile banking in Egypt
Egypt, Word Bank sign agreement for 2nd tranche of the $3bn loan
The loan will be put towards funding social safety net programmes and promoting small- and medium-sized enterprises
Etisalat Egypt signs partnership agreement with Prime Pharma to treat Hepatitis C
Etisalat Egypt will sponsor the treatment of 1,200 Egyptian Hepatitis C patients in 2017
Egypt’s long-term trade outlook positive despite current challenges: HSBC Egypt Trade report
China, India, and Bangladesh projected to be fastest growing export markets in 2021-2030
We see enormous investment opportunities in Egypt: EAEF chairperson
When our fund is liquidated in 10 years, the profits will be shared with the Egyptians in a legacy foundation that could be invested in hospitals and education, says Harmon
Government proposes new draft law liberalising the natural gas sector
Despite efforts to liberalise the natural gas sector dating back to the 1990s, the market is still currently far from liberalised, say experts
Egypt Automotive Summit urges implementation of industry strategy
This year’s summit began with a moment of silence for the victim’s of Sunday’s Coptic church attack
New customs, tax laws to resolve issues within automotive sector
The industry development sovereign fund gives incentives to the local product before sale and export in order to see a return on the taxes they paid, said Egyptian Tax Authority head Abdel Moneim Matar. The Tax Authority used to collect 30% of the value of a used car, but in the automotive industry strategy it …
Ministers, business community review means to stimulate local automotive industry in opening session of Egypt Automotive Summit
The executive director of the third round of the Egypt Automotive Summit, Mohamed Aboul-Fotouh, announced several topics which participants will be discussing. Topics on the agenda at the summit include facilitating the export of spare parts, competition with foreign companies, local feeding industry experiments, and the role of banks in financing feeder industry experiments. “We …
AccorHotels announces 4 new hotel projects in North Coast
14 new hotels to be developed within the next five years, says AccorHotels senior vice president for Europe, Middle East, Africa
Dabaa nuclear power plant agreement to be concluded by end of 2016: Rosatom CEO
The deal has raised environmental and safety concerns
Egyptian youth rank the economic situation as top challenge facing the country: UNDP
In Egypt, the top 1% of rich households strongly influence inequality, according to recent World Bank estimates
Judicial Committee reaches settlement agreement with Mubarak-era trade minister
EFSA concludes that all allegations against Rachid Mohamed Rachid in the illicit gains case are baseless
IMF-backed reform programme is Egypt’s best shot but poses high potential risk: FocusEconomics
November was a month of interesting developments for Egypt, from the Central Bank of Egypt’s (CBE) decision to float the national currency, to the International Monetary Fund’s (IMF) approval of the $12bn loan, a correction of external balances, and an expected soaring fiscal deficit. According to FocusEconomics Consensus Forecast for the Middle East and North …
ARCO to launch next phase of Citystars Al Sahel at cost of EGP 4bn
Al Arabia Real Estate (ARCO) will soon be launching a new phase in its Citystars Al Sahel project in the Fouka area of Ras El Hekma, with an estimated cost of EGP 4bn, according to the executive manager Ayman Ibrahim. The new phase will be announced in December, and will be sponsored by an international …
BP buys 10% of Eni’s massive Zohr gas field
The two companies agreed that BP could purchase another 5% before the end of 2017
ARCO launches 5 projects, new sales centre in Citystars Cairo
ARCO’s new showroom is located in Citystars Cairo and will feature interactive tables and an interactive screen where you can view all the projects
ARCO targets sales worth EGP 38bn over 8 years: executive manager
The prices of real estate units are expected to increase by 20-30%, says ARCO’s managing director
US dollar exchange rate against Egyptian pound continues to rise at banks, CBE on Thursday
Prior to the CBE’s decision to float the currency on 3 November, the price of the dollar was set at EGP 8.83
Egyptian products to be sold in 275 outlets in Iraq’s Kurdistan: Industry and Foreign Trade Ministry
Egyptian companies will showcase their products for free for the first two years
Egypt ranks 44 in HSBC Expat Explorer report, Singapore secures top spot for 2nd year
Emerging economies offer more opportunities to start or grow a business, according to 44% of expat entrepreneurs
EFG Hermes, Saxo Bank sign strategic partnership agreement
EFG Hermes One will revolutionise the way our clients trade and take control of their financial futures, says CEO
National megaprojects: economic growth stimulus or political propaganda?
Major projects have reduced unemployment and increased economic growth, says Al-Sisi
IMF approves $12bn loan: what’s next for Egypt’s economic reform programme?
These reforms aren’t easy but they will unleash the potential of Egypt’s economy and serve its people, says IMF managing director
Egypt successfully secures $12bn IMF loan, to be repaid over 10 years at interest rate of 1-1.5%
The economic reform programme is by the Egyptian government for the Egyptian people to help the Egyptian economy, says Lagarde
IMF executive board approves $12bn loan to Egypt
EFF-supported programme will help Egypt restore macroeconomic stability and promote inclusive growth
Standard and Poor’s revises Egypt’s outlook from ‘negative’ to ‘stable’
S&P projects Egypt’s GDP growth may exceed 4% by 2019
Trump and the rise of populism: a backlash against globalisation
After Donald Trump decisively defeated Hillary Clinton, becoming the 45th president of the United States (US) on Wednesday, it became clear that the phenomenon of rising support for populist parties all around the globe has disrupted the politics of many western societies. Economic angst is one of the main reasons behind the rise of populism …
Fuel prices increase following flotation of Egyptian pound
The new price for octane 80 and diesel will be EGP 2.35 compared to EGP 1.80. Octane 92 will be EGP 3.50 instead of EGP 2.35