
Reveal announces plan to increase its schoolbag market share to 17%
The factory will manufacture 1.18m bags in 2018, according to the company’s CEO
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Mohamed Samir is an economic and political journalist, and analyst specialising in geopolitical conflicts in the Middle East, Africa and the Eastern Mediterranean. Over the past decade, he covered Egypt's and the MENA region's financial, business, and geopolitical updates. He is currently the Executive Editor of the Daily News Egypt.
The factory will manufacture 1.18m bags in 2018, according to the company’s CEO
The office is set to open once we receive the regulatory approval, says the CEO
The minister reached an agreement with the World Bank and the G20-Africa Partnership during a summit in Berlin
Flotation was the right decision; if it came earlier we would have suffered less
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 …
Tourism promotion campaigns will make a difference if done with the participation of sector’s experts
Organisers aim to improve Egypt’s image abroad through the tournament
11% to 26% of Africans are unemployed, the highest rate in the world, says Mokaddem
Aya Hegazy is a judiciary matter, as a president I don’t have the authority to intervene, says Al-Sisi
Nasr discussed increasing the cooperation between the two sides with vice president of the World Bank
Egypt to provide guarantees to US companies
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 …
The visit will benefit both countries’ relations, but there might be some conflicts regarding regional policies, says Hassan Nafaa
EGP 2.2bn of value-added tax revenue on cigarettes were allocated to health insurance
The joint contribution will include the Ministry of Investment and International Cooperation, the SFD, and NI Capital, with EGP 451mn of investments
Daily News Egypt has obtained data from Aqarmap, the real estate search engine, regarding land prices in Greater Cairo
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 …
Egypt took the 104th spot globally and 9th in Africa
$1.5bn surplus in trade balance between Egypt and the UAE was achieved in 2016
Souq currently controls around 78% of all e-commerce in the MENA region
Plans to establish an Egyptian-Polish Chamber of Commerce to promote bilateral trade
IMF to complete their review of the programme in June this year, before releasing the 2nd trancheÂ
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.
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 …
Proposed stamp duty to be reviewed by the Economic Affairs Committee within two weeks
The bylaws will provide tax refunds for exported goods and services
Inflation to reach 20-25% in FY17, driven by fuel subsidy cuts and increase in VAT rate
“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 …
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 …
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, …