Egypt’s inflation worries start to decline: Renaissance Capital
EGP fair value to estimate at EGP 18 per dollar in February 2020, EGP 20 in July 2021
Mohamed Samir
629 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
No date set yet for issuing Panda, Samurai-bonds issuance: Finance Ministry
The statement came following media reports that Egypt will offer around $2bn worth of Samurai bonds in the coming period.
Finding business use cases is prerequisite for building 5G network: Head of Ericsson Silicon Valley Experience Centre
Since October 2018, Verizon started to offer 5G fixed internet wireless access in US: Thomas Olsson
5G is here, on back of ever-growing mobile subscriptions: Ericsson
‘Commercial 5G deployment in Middle East, Africa will start in 2019,’ says Ericsson’s VP
Egypt’s economic outlook remains positive, backed by tourism, natural gas: Credit Suisse
Weak FDI, reliance on hot money, inflation still challenging
Nassar discuss expansion plans, increasing exports, local components, with LG Egypt managing director
Company exported 60% of production, allocated 40% to local market in 2018
Saudi Arabia reshuffles cabinet, government entities
Royal decree issued on Thursday to restructure government headed by King Salman
Egypt among top 20 fastest-growing markets, if we want to grow, we need to invest in this country: Twitter’s Middle East, North Africa managing director
We value increasing ad revenues, but not at expense of platform users’ safety, health of conversation, says Ampen
Beltone revises Ibn Sina fair share value to EGP 16.5, lowers TE to EGP 16.5, maintains ‘Buy’ recommendation for both
Beltone Financial announced on Monday that they have raised their estimate of the fair share value of Ibn Sina Pharma to EGP 16.50 per share, up from EGP 13.60 per share, while decreased their estimate for Telecom Egypt (TE) fair share value to EGP 16.5 per share, down from EGP 17.5. Yet, Beltone maintained the …
Philip Morris is building future on smoke-free products
PMI has invested over USD 4.5 billion in research, development and commercialization of smoke-free products
FocusEconomics forecast CBE cut overnight deposit rate to 14.25% in CY 2019, 11.71% in CY 2020
Total investment to grow10.5% in FY 2019, 9.9% in FY 2020
First time in Africa, Nokia powers 200G optical service on TE’s Delta Backbone Network
The announcement came during the Cairo ICT exhibition, where the company revealed that the commercial deployment of the new high-speed service started in June, and is the first 200G long distance and single carrier transmission service in Africa.
Energy price shock, unemployment tops MENA’s regional risks for doing business: WEF
Report uses results of large-scale Executive Opinion Survey carried out by forum to detect how concerns about global risks differ across regions, countries
World’s data, privacy, balancing risks with benefits
Balanced, inclusive, accountable data policies, fundamental in addressing growing trust concerns seen throughout today’s world, says WEF
UAE’s Mubadala buys 20% of Noor gas field
Agreement still awaiting approval of Egyptian authorities
What constitutes good leadership is changing, as expectations, demands, of followers alter: Gordon Tredgold
Leaders do not need to have all answers or to be heroes
$10bn investments in petroleum exploration, production in FY 2018/19: El-Molla
Turnout by major international companies in ministry’s oil and gas exploration bids represents clear message of confidence of foreign companies in Egypt’s investment climate
S&P maintains Egypt’s ‘B-B’ credit rating, stable outlook
Ratings remain constrained by wide fiscal deficits, high public debt, low income levels, gross external financing needs
Modus Capital launches in Egypt, eyeing tech, B2B services
Firm aims to invest in 10 companies in first year of operation
Beltone affirms compliance with Capital Markets Law, denies irregularities in Sarwa Capital’s IPO
Group’s brokerage arm continues to conduct normal business operations
Energy sector has lion’s share of Schneider Electric’s investments in Egypt: Sheta
Company works on desalination, bringing sea water capacity to 2.5bn cubic metres a day
Al-Sisi, Seehofer agree on boosting security cooperation, strengthen Egyptian capabilities
President, German foreign minister stressed importance of pushing forward Palestinian-Israeli peace process
Infrastructure investments is perquisite for sustainable development: Mohieldin
Average citizen to feel impact of growth through health care, sanitation, education
Women empowerment is definitely a topic we tackle, through showcasing success: Lamia Kamel
Capitalising on partnerships to brand Egypt, Narrative Summit as core initiative
Cairo appeal court to retrial Youssef Boutros Ghali on 6 November
Ex-minister to face charges for squandering public money by using cars held in customs, abusing his position to personally benefit from finance ministry funds
Kazoku, fresh take on Egypt’s fine dining scene
Expertly developed menu, high-end ambience surprisingly relaxing, selection of hot and cold starters, prime cut steaks, signature dishes, sushi, drinks come in separate menu
Higher oil prices inevitable, $100 bbl easily within reach in 2019: Bank of America Merrill Lynch
Price hikes further pressures on Egypt’s budget, each $1 increase in price would cost the country EGP 4bn
Sarwa Capital to launch trading on EGX next week amid heavy demand from institutional investors
Company targets new sectors including factoring, SMEs, financial services
Egypt roadshow to promote bonds in South Korea
Egypt looking to sell around $5bn worth in Eurobonds September, possibly in Q1 of 2019, says Moeit
Egypt signs agreement with CI Capital, Jefferies bank, Emirates NBD to manage ENPPI’s IPO
IPO of stake in ENPPI announced, postponed many times; initially scheduled to take place before end of 2017