577 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.
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 …
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 …
14 new hotels to be developed within the next five years, says AccorHotels senior vice president for Europe, Middle East, Africa
The deal has raised environmental and safety concerns
In Egypt, the top 1% of rich households strongly influence inequality, according to recent World Bank estimates
EFSA concludes that all allegations against Rachid Mohamed Rachid in the illicit gains case are baseless
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 …
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 …
The two companies agreed that BP could purchase another 5% before the end of 2017
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
The prices of real estate units are expected to increase by 20-30%, says ARCO’s managing director
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 companies will showcase their products for free for the first two years
Emerging economies offer more opportunities to start or grow a business, according to 44% of expat entrepreneurs
EFG Hermes One will revolutionise the way our clients trade and take control of their financial futures, says CEO
Major projects have reduced unemployment and increased economic growth, says Al-Sisi
These reforms aren’t easy but they will unleash the potential of Egypt’s economy and serve its people, says IMF managing director
The economic reform programme is by the Egyptian government for the Egyptian people to help the Egyptian economy, says Lagarde
EFF-supported programme will help Egypt restore macroeconomic stability and promote inclusive growth
S&P projects Egypt’s GDP growth may exceed 4% by 2019
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 …
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
The 2 companies reached an agreement to stabilise the price difference between their products
Social protection is a cornerstone of the IMF programme, any cuts in food subsidies are not advised
The chamber rejects the prime minister’s decision to set profit margins, says the chairperson of the Chamber of Food Industries
Elsewedy Electric’s net profits increased by 99.2% in the second quarter of the fiscal year 2016 compared to the same period in the previous year
Tourist flow from Russia to Egypt dropped by 75% following the cessation of flights
For Egypt’s economy, which is a free market economy, forcing compulsory quotations and pricing for goods is a step backwards, says first secretary
We are waiting for the government to share insights, says FEI president
Higher costs due to the dollar shortage is the reason behind the drop in profits, says Juhayna’s CEO
