The truth about Sinai    Champions League final: As it happened    SCC rejects religious slogans in election law    VIDEO: Egypt activists protest Monsanto's GM seeds    University students food poisoned yet again    Fuel production rise to combat shortages    Eighth anniversary of ‘Black Wednesday'    5-1 Egypt power station DNE    In Pictures: Demonstrators protest Judiciary Law    Hezbollah chief says group is fighting in Syria    Fighting for Iranian tourism    Interior ministry rep asks for budget raise    African states urge Egypt to join cluster-bomb ban    Egypt to return taxes collected from Qatar bank deal    UAE''s $3 bln aid for Egypt "will take time": UAE finmin    Hamada Al-Masry released    Thousands watch murdered anti-Mafia priest beatified in Sicily    Turkey to Supply Egypt With 150 Cleaning Vehicles    Egypt's Railways Sign Contracts With Italy, Germany On Developing 150 Crossings    Barakat will stay – Ahli boss    Bayern Munich, Dortmund fans descend on Wembley for final    Tennis: Djokovic and cold weather threaten Nadal's Paris bid    Google to bankroll, build wireless networks across Africa: WSJ    Art Alert: Renowned pianist Ramzi Yassa to perform with Cairo Symphony Orchestra    In Ethiopia, African Union celebrates 50 years    Artist Kapoor Draws On Berlin's Dark History In New Show    Cairo Jazz Club brings bands together in El Fusion    ON THIS DAY: The Istanbul miracle    Army seizes 2.5 tonnes of marijuana    Demba Ba out of Senegal sqaud for World Cup qualifiers    IMF's Lagarde Escapes Formal Investigation In French Case    UK Security Services Tried To Recruit London Killing Suspect: 'Friend'    Britain's Muslims Fear Of Reprisal, Extremism Rises After London Attack    Green Eagles Ultras protest in Port Said, tension at security directorate    The Gazette and the 1952 revolution (299) The revolution and Israel The Czech Arms Deal (3) Earlier approaches    Research collaboration with Russia    Cairo airport delays plans to close at night    Egypt: Chaos And Suspicion In A Cairo Mortuary    Haniyeh To Egypt: Reconsider Peace Deal With Israel    Egypt Court Sentences Four Men To Hang For Killing Priest    Leonardo DiCaprio Space Flight Auctioned for $1.5 Million    A calm state in Tahrir Square before demonstrations    Ultras White Knights leader released on bail    Politics with a smile    Local Roundup: Zamalek and Ghazl El-Mahalla qualify to second round in Egyptian Cup    ‘I don't like cricket... I love it!'    Coin smugglers foiled at Cairo Airport    PROGRAMME: Four Countries – Four Movies, screening in Cairo    

Articles of the author Mohamed Salah
Investment minister: EFG Hermes-Qinvest deal to be finalised by 3 May
A final decision on the partnership deal between EFG Hermes and Qatar-based investment bank QInvest is likely be finalised before 3 May, the deadline for concluding the deal, stated Minister of Investment Ossama Saleh. Saleh said in a press conference held on Saturday in Suez that “some of the (...)

29 - 04 - 2013
Lagarde to BBC: Political instability hindered loan negotiations
Managing Director of the International Monetary Fund (IMF) Christine Lagarde said that loan negotiations with Egypt had stumbled due to political instability in the country, stressing that “stability is a sine qua non condition for the loan". In an interview with the BBC on Friday, Lagarde said (...)

27 - 04 - 2013
IFC launches Women's Finance Hub
The International Finance Corporation (IFC) will manage an initiative launched this week by the G20's Global Partnership on Financial Inclusion (GPFI) platform, which focuses on non-G20 countries and relevant stakeholders. The initiative aims to improve access to financial services for women (...)

27 - 04 - 2013
PayPal launches in Egypt
E-commerce specialist PayPal has launched its services in Egypt. The electronic payment alternative has now launched in Egypt and Lebanon, said Elias Ghanem, the general manager of PayPal for the Middle East and North Africa (MENA). Ghanem said at the ArabNet conference that e-commerce in the MENA (...)

17 - 04 - 2013
Consumer inflation rate rises
The Central Agency for Public Mobilisation and Statistics (CAPMAS) has revealed that the consumer inflation rate increased to 8.2% in February. Market research company TNS conducted a field study to understand Egyptians' perceptions of inflation and its impact. According to the study, 100% of (...)

17 - 04 - 2013
CAPMAS: Unemployment rate jumps to 12.7% in 2012
The unemployment rate has increased to 12.7% in 2012, up from 12% in 2011, and 9% in 2010, according to a report released by the Central Agency for Public Mobilisation and Statistics (CAPMAS). This brings the total number of unemployed to 3.425 million, up from 3.183 million in 2011, an increase of (...)

16 - 04 - 2013
Role of World Food Programme in Egypt
The World Food Programme (WFP) has assisted approximately 685,000 food-insecure people in Egypt between 2007 and 2012, at a cost of over $70m. The WFP strengthens government capacity to improve food and nutrition security for the most vulnerable regions, with the objective of reducing poverty, food (...)

16 - 04 - 2013
IMF meets with opposition figures
The International Monetary Fund (IMF) delegation is meeting with several of Egypt's opposition figures this week. The IMF mission met with opposition figures Amr Moussa and Amr Hamzawy on Wednesday and Thursday respectively, and will hold meetings with Mohamed ElBaradei, Dostour party leader and (...)

13 - 04 - 2013
Sony Xperia Z launches in Egypt
Sony Mobile revealed its new Xperia Z smartphone during an event held on Monday in Cairo. Younes Sharkawy, marketing manager for Africa at Sony Mobile, said that the Xperia Z was designed to provide “the best smartphone experience ever, by transferring television engineers' experiences to our (...)

10 - 04 - 2013
Government cancels EGX dividends and gains taxes
A controversial tax on Egyptian Exchange (EGX) dividends and investment gains from takeovers will now be withdrawn, according to a government official. In a TV interview Abdullah Shehata, advisor for the Ministry of Finance and head of the Economic Committee at the Freedom and Justice Party (FJP), (...)

09 - 04 - 2013
I see a renaissance in the Arab world, not just a spring: Talal Abu Ghazaleh
Daily News Egypt sat down with Talal Abu Ghazaleh to discuss his organisation, education, and prospects for the region in the post-Arab Spring age. Would you please tell us about your company's activities? The Talal Abu-Ghazaleh Organisation (TAG) is a multidisciplinary group providing a variety of (...)

07 - 04 - 2013
Tony Buzan conference: ‘Replace fear of the unknown with creativity'
“How to Add Creativity to the Organisation" was the title of a workshop held on Tuesday as part of the “Less Thinking, More Creativity" Tony Buzan conference held in Cairo. The framework of the workshop focused on the concept of “winning through creativity and innovation". Ramon Vullings, the (...)

03 - 04 - 2013
Orascom Telecom may follow Orascom Construction Industries
Orascom Telecom Holding (OTH) received an acquisition offer from Cyprus-based firm Pascandal to buy 100% of its shares. The Egyptian Financial Supervisory Authority (EFSA) sent a letter to the Egyptian Exchange (EGX) announcing a notification from OTH that it received an offer by Pascandal limited, (...)

01 - 04 - 2013
‘Daydreaming is never random': Tony Buzan
Daily News Egypt spoke with Buzan in an exclusive interview to discuss creativity and inventiveness in the workplace How did you become Mr Brain? Through having difficulties with my studies. I've been taught how to take notes in one colour. One colour is one tone, which means monotone, and too much (...)

01 - 04 - 2013
Bruce Haswell: Risk is a matter of perception
The concept of construction consultancy is not familiar in Egypt, would you mind explaining it? Consultancy within Egypt is a long established business, and what's happening in Egypt now is merely following in the footsteps of what happened in the UK a few years ago, so we are coming from a very (...)

31 - 03 - 2013
EGX 30 drops to lowest level in three months
The Egyptian Exchange (EGX) deepened its losses during Tuesday's session, with the EGX 30 benchmark index dropping by 1.95% to reach 5,129 points at the end of the session compared to 5,231 on Monday, plunging to its lowest level for more than three months. The drop coincided with the Egyptian Tax (...)

26 - 03 - 2013
Central Bank sells $38.4m in forex auction
The Central Bank of Egypt sold $38.4m of the earmarked $40m offered to banks at its 38th foreign exchange auction held on Monday. The cut-off price was EGP 6.7889 to the Dollar, very close to the cut-off price at the previous auction held on Thursday, which was at EGP 6.7881 to the dollar, (...)

26 - 03 - 2013
Ministry of Sport: Five new PPP ‘sport city' projects announced
Mostafa Azzam, head of the investment unit at the Ministry of Sport, exhibited the ministry's future plans to establish five sport cities in different governorates during the 2nd Annual PPP investment Summit in Cairo on Monday. This was the summit's second day and included a session discussing the (...)

25 - 03 - 2013
PPP Law Panel: ‘The state needs the investor and not the other way round'
The legal and contractual challenges in Public Private Partnerships (PPP) were addressed on Monday at the executive panel discussion, held during the second day of the 2nd Annual PPP Investment Summit in Cairo. Ashraf Shoukry, a Partner at Arab Legal Consultants, talked extensively about the PPP (...)

25 - 03 - 2013
Samsung market capitalisation reached $200bn in 2012
Samsung's market capitalisation reached $200bn in 2012, said President of Samsung in the MENA region Kyung-tae Bae, during the company's recent 2013 Forum, hosted in Dubai. Bae added that the company's strategy this year would focus on marketing new products that provided greater innovation, (...)

24 - 03 - 2013
Energy subsidies to be lifted in three years: Hatem Saleh
Energy subsidies will be gradually lifted in the coming three years, raising the price of energy except for factories that have a social dimension, said Hatem Saleh the minister of industry and foreign trade. “The state bears a heavy bill in supporting the energy sector," Saleh pointed out, on the (...)

24 - 03 - 2013
Google+ has 235 million active users: Google
Google's flagship social networking website Google+ now has 235 million active users per month, said Cristian Cussan, head of Europe, Middle East and Africa (EMEA) marketing for Google+, at a breakfast event in Cairo on Wednesday. Cussan did not mention how many Egyptians are currently members or (...)

23 - 03 - 2013
YouTube partner programme expands to Egypt
YouTube has announced the expansion of its Partner Programme to include Egypt, Saudi Arabia and the United Arab Emirates (UAE) in a press conference on Sunday Users in these countries will now be able to generate revenue depending on the number of views their uploaded videos receive. The YouTube (...)

19 - 03 - 2013
Election uncertainty to negatively effect Egypt's economy: Standard Chartered
The uncertainty over the timing of the parliamentary elections and their outcome will likely have a negative effect on Egypt's economic activity, concluded a recent Standard Chartered report. This diminished activity will increase the need for the country to seek multilateral sources of funding, (...)

18 - 03 - 2013
CBE gives foreign investors access to US dollars
Egypt's Central Bank (CBE) launched a new mechanism on Sunday allowing foreign investors in the stock and public debt markets access to US dollars despite Egypt's severe scarcity of foreign currency. The CBE said it had decided to restart and broaden a mechanism helping foreign investors to (...)

18 - 03 - 2013
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