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105.5% increase in Egypt’s exports to US in 2017: CAPMAS

The value of Egyptian exports to United States reached EGP 23.6bn in 2017, accounting for 5.1% of Egypt’s exports to the world, this is up from EGP 11.5bn in 2016, marking an increase of 105.5%, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The CAPMAS announced on Wednesday the Economic Relations between …

Hossam Mounir

Pompeo heads back to US with three released American hostages

Three Americans who were imprisoned by North Korea are on their way back to the United States, President Donald Trump announced on Wednesday, following their release during US Secretary of State Mike Pompeo’s visit to Pyongyang. The three men left the country with Pompeo and are expected to arrive back in the US early Thursday. …

Mohamed Samir

New foundations

In the post-second world war era, American-Saudi relations had been a strategic constant in the Arab world. Both the United States and Saudi Arabia had made sure to work in concert and coordinate closely their Arab and regional policies. There had been disagreements, and in some instances, very serious ones, like the ramifications of the …

Hussein Haridi

The biography that Trump could not stop

New York, NY—Rarely was there so much expectation for the appearance of a book as is the case of Fire and Fury: Inside the Trump White House of the North American journalist Michael Wolff. And never before were so many copies sold so quickly. Before its appearance, the book and its e-book version had reached …

Cesar Chelala

Pharos Holding announces new chaperone partner for trading in US

Pharos Holding for Financial Investments announced on Wednesday that, starting 15 March, their brokerage division, Pharos Securities Brokerage, will be operating with Exotix USA, Inc as its chaperone partner in meeting and trading with clients across the USA. Commenting on the announcement, Elwy Taymour, Pharos chairperson and co-CEO, said that the group is looking forward …

Daily News Egypt

Cabrera teams up with HC to bring independent Egyptian research to US investors

Cabrera Capital Markets announced a strategic alliance with HC Brokerage, which is part of HC Securities & Investments, to provide research, corporate access, and execution services to US institutional investors. HC Securities & Investments is an independent institutional broker, research house, investment bank, asset manager, and wealth adviser, while Cabrera is a firm specialising in …

Nihal Samir

Fact or Fiction

United States Vice President Mike Pence made his first official tour of the Middle East from January 20-22, during which he visited Egypt, Jordan, and Israel. This tour came exactly on the first year anniversary of the administration of President Donald Trump. During the past year, the American president visited the Middle East last May …

Hussein Haridi

US withdraws $65m from UNRWA

The United States announced on Tuesday that it is withholding $65m out of its $120m aid contribution to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) as hopes for the reignition of peace talks were dealt a heavy blow. US State Department spokesperson Heather Nauert made a statement …

Daily News Egypt

Op-ed review: national development projects, Palestine & opposition to US, sectarianism & citizenship

Saturday kicked the week off with the inauguration and launch of developmental projects by the armed forces in the Suez Canal, including tunnels and bridges to facilitate access to Sinai. President Abdel Fattah Al-Sisi attended a ceremony Saturday for the occasion. In the privately-owned Al-Masry Al-Youm, several pieces reflected on the event. Newspaper Chairperson Mohamed …

Amira El-Fekki