MENA regional outlook remains stable: Focus Economics
Fastest growth expected for Egypt, Israel with projected GDP expansion of 3.1%, 2.6% respectively
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
New export support programme aims to double Egyptian exports: Kabil
59% of companies benefiting from the programme are small companies with less than $1m in exports
Egyptian Media Group signs deal with FEP for listing on Egyptian stock market
The goal is to increase the company’s capital to EGP 1bn by the end of the year to finance new acquisitions and restructure its subsidiaries
Egypt drops 14 places to rank 55 in Country RepTrak index
Effective governance is considered the cornerstone of attracting foreign direct investment
Egypt, Cyprus sign deal to transfer Cypriot natural gas to Egypt via pipeline
The agreement will positively affect the development of the Cypriot Aphrodite field while fulfilling Egypt’s gas needs, says El-Molla
The economic toll of the new age of terrorism
In the wake of the recent attack in Nice, the ongoing battle against Islamic State (IS) insurgency in Sinai and Sirte, and the feelings of shock, confusion, and uncertainty that ensue, we must raise the question: what is the real price of terrorism? The attack in Nice is the latest in a string …
EFG Hermes will acquire 51% of Pakistan’s Invest & Finance Securities Limited
This comes in line with the EGG Hermes’s strategy of transforming into a financial services corporation
Cabinet accepts Minister of Supply’s resignation
Reports about a limited cabinet reshuffle next week allegedly include the ministers of education, health, transportation, and investment
Orascom Telecom announces EGP 44m losses during Q2 2016
The company reported a 56.3% increase in revenues during the second quarter of 2016
GAFI delegation to attend Tokyo International Conference on African Development
We will showcase Egypt’s efforts towards creating a better investment climate, says Khodair
Finance Ministry denies claims that VAT will affect prices of petroleum products
VAT exempted goods will include all essential goods and services, says Ministry of Finance
EFSA introduces new draft bills for insurance supervision regulation and control
The insurance industry plays a vital role in providing financial protection to both individuals and investment projects, says Investment Minister
The Egyptian government’s Sisyphean attempt to control prices
The government is keen on providing for the needs of Upper Egypt’s neediest, says prime minister
Egypt to construct 1,000 MW solar power station, solar panels factory with $3.3bn of Chinese funding
China will transfer technology required for manufacturing solar energy panels
Economic situation is critical, all Egyptians must work together to overcome this ordeal: Al-Sisi
Delaying economic reforms since 1977 was a huge mistake, says the president
Daikin Industries announces establishment of Daikin Egypt
Substantial growth in air conditioning market due to urban development projects, says BPE CEO Hazem Barakat
Comprehensive plan to reform tax system is imminent: deputy finance minister
Standardised tax procedures act to protect employees, financiers almost completed
Cairo’s occupancy levels for next 3 months forecasted at 58%: Colliers International
No expected recovery for Hurghada and Sharm El Sheikh in the short term
General Authority for Government Services achieves EGP 650m in auction earnings: authority head
37,000 feddans were recovered by the State Land Recovery Committee
Egypt to answer IMF inquiries over the next 14 days
IMF will request the implementation of CGT and reduction of domestic debt
Will the IMF loan be the answer to Egypt’s currency crisis?
The time is right to abolish foreign currency exchange control, says Beltone
Orange Egypt net losses decrease by 63.3% in 2016
Orange Egypt’s consolidated financial results showed a decrease of 63.3% in net losses for 2016, according to the company’s stock exchange statement. The company’s net losses in the first six months of 2016 went down to EGP 33.4m, compared to losses amounting to EGP 91.1m in the same period of 2015. On the …
Egypt refuses EU demand to lift import restrictions
The decision was made to regulate imports and protect the Egyptian economy, says trade minister
Ezz Steel reports EGP 137m net loss in Q1 of 2016
More obstacles will face Ezz Steel during the remaining months of FY 2016, says Prime Holdings
Diarna Egypt targets 50% increase in net sales next fiscal year
Land speculations is one of the major challenges facing Egypt’s real estate market
Egypt, Philippines to establish business council by end of 2016
Egypt can be the Philippines’ gateway to Africa
Economy is government’s top priority: Kabil
Higher Investment Council headed by Al-Sisi to review all investment laws and procedures
DP World Sokhna adopts new SOLAS regulations 1 July
Shippers will be required to verify the gross mass of their containers
Egypt to implement new healthcare system in current FY: El-Garhy
AfDB agrees to provide grant to finance actuarial studies for new healthcare system
Will Israeli natural gas flow in Egypt’s pipelines?
A recent visit by Egypt’s Foreign Minister could signal potential cooperation between Israel and Egypt in the eastern Mediterranean gas fields. However, given domestic market needs mixed with a complicated history in Egypt-Israel business relations in the energy sector, the future remains unclear