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
Mohamed Samir
636 Articles
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.
Latest by Mohamed Samir
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
Egypt moves up to rank 49 on World Bank’s Logistics Performance Index
Egypt improved in four out of the six sub-indices of the Logistics Performance Index, compared to 2014
Are Egypt’s economic reforms enough to solve the informal economy problem?
Egypt’s informal economy has grown as a result of dysfunctions in the formal economy, which lacks dynamism, flexibility, and resilience
Qalaa records net loss of EGP 242.7m in Q1 2016 despite 20% increase in revenues
Despite the increase in revenues, Qalaa Holdings also recorded a net loss worth EGP 242.7m, greater than the EGP 119.1m loss reported last year.
Infrastructure projects are the cornerstone of Egypt’s GDP growth recovery: Minister
$50bn worth of tax conflicts will be resolved through the new tax reconciliation law
Egypt FDI increases by 49.3%, reaching $6.9bn in 2015: Dhaman
UAE, Saudi Arabia, Egypt receive 63% of inward FDI to Arab countries: DHAMAN
US investments in Egypt drop by 85.9% in 2015: CAPMAS
Egypt grain imports from US decline by 56.7%
Schneider Electric, AUC sign in-kind gift agreement to develop local communities
Egypt has huge solar energy potential, which can provide energy to remote and off-grid areas
BP sanctions development of 1.5tn cubic feet Atoll field in Egypt
Early production will bring up to 300m cubic feet per day starting 2018
Increasing interest rates: controlling inflation or increasing deficit and debt burden?
The government’s current debt is projected to reach 11.5% (EGP 309bn) in fiscal year (FY) 2016/17
Sinoma International Engineering signs contract with Defence Ministry worth €1.05bn
The amount will be paid in instalments over the course of 11 years
UNDP to implement new development project in Greater Cairo
The project aims to restore the value of important major historical and heritage sites
4.4% growth in GDP forecasted for FY 2016/17 in Egypt: World Bank
$35bn accumulated in direct and indirect losses from war in Syria and advance of IS in MENA region
SODIC targets 10% increase in net profits by year’s end
Eastown to generate up to 80% of the recurring income by 2020
EBRD announce new cooperation strategy with Egypt
EBRD currently has €1.7bn in investments contributing to 34 different projects in Egypt, says Chakrabarti