David Thorne, a senior adviser to the US secretary of state, said that the Egyptian administration is able to pass tough economic reforms. He considers the potential "11/11 protests" to be an internal affair.
Thorne's comments come during a (...)
Ahmed Darwish, chairperson of the General Authority for the Suez Canal Economic Zone (SCZone), sat down with Daily News Egypt for an interview to discuss the completion of pricing lands in the SCZone by the end of the current year.
What is the (...)
Daily News Egypt sat down with UK trade envoy to Egypt Sir Jeffrey Donaldson and director of UK Trade and Investment at the British Embassy in Cairo Jason Ivory to talk about potential British investments in Egypt, and specifically in the Suez Canal (...)
All grants from the European Union to Egypt for ongoing projects in the energy sector will amount to a total of approximately €200m, according to Reinhold Brender, the chargé d'affaires of the EU delegation to Egypt.
Financial support from the EU (...)
China is the largest international partner to Egypt, representing 10% of the Egyptian commercial market. The trade exchange between Egypt and China amounted to $13bn in 2015, an increase of 11% compared to 2014 and the highest value reached between (...)
Three consulting firms have been chosen to value the land of the Suez Canal Economic Zone.
The Suez Canal Economic Zone Authority chose Misr Capital, Al Nour Consulting Group, and Global Appraisal Tech (GAT) to undertake the task of valuing the Suez (...)
Egypt has refused EU demands to lift the import restrictions that were set in motion by the Egyptian government in March. "The European Union has held some meetings with the World Trade Organisation (WTO) to discuss the negative results of the new (...)
Amira El-Mazni, assistant vice chairperson at the Egyptian Natural Gas Holding Company (EGAS), said that the number of companies applying for licences to import natural gas from abroad increased to five companies.
El-Mazni told Daily News Egypt that (...)
A Polish consortium is considering the establishment of an industrial area at the Suez Canal Economic Zone (SCZone). Representatives of the consortium will be choosing between Ain Sokhna and East Port Said for the best suited location for the (...)
In the first British official trade visit to Egypt after Brexit, chairperson of the Suez Canal Economic Zone (SC Zone) Ahmed Darwish received Monday UK trade envoy to Egypt, Jeffrey Donaldson, the British ambassador to Egypt, John Casson, and CEO of (...)
Head of European Union (EU) delegation to Egypt James Moran said that Britain will remain committed to the EU-Egypt Association Agreement until the legal separation procedures are completed. The agreement, which was signed by Egypt and the EU (...)
The Egyptian British Chamber Of Commerce (EBCC) said that Britain's decision to secede from the European Union will result into directing more investments to the Egyptian market in the coming period.
Secretary general of EBCC Taher El-Sherif told (...)
The European Union ambassador to Egypt James Moran visited Marsa Matrouh governorate last Wednesday as part of a two-day tour to attend the opening of four solar power stations for which EU provided €1m in financing.
Moran told Daily News Egypt that (...)
Singaporean company Hyflux, Mitsubishi Matoto, and Toyota Tsusho began conducting feasibility studies for the establishment of power plants and water desalination stations in East Port Said after having signed memoranda of understanding (MOUs) with (...)
The General Authority for the Suez Canal Economic Zone (SCZone) signed a memorandum of understanding (MOU) with an alliance of Spanish companies to develop the industrial area in East Port Said.
Nasser Fouad, the spokesman for the authority, told (...)
Chairman of the General Authority for the Suez Canal Economic Zone (SC Zone) Ahmed Darwish announced that Russia intends to establish an industrial zone on 2m sqkm in East Port Said, at the Russian-Egyptian business forum Tuesday.
They will sign an (...)
The United Nations Industrial Development Organisation (UNIDO) in concert with the Ministry of Trade and Industry, as well as the Social Fund for Development, National Bank of Egypt, and the Commercial International Bank (CIB), agreed to allocate a (...)
The UN World Food Programme (WFP) has signed a memorandum of understanding (MoU) with the Egyptian Ministry of Manpower in the framework of the European Union's child labour project.
The project is entitled the ‘Access of Children to Education and (...)
For a start-up to succeed, five main elements must exist: the idea, the team, the business plan, the funding, and the timing, according to Khalid Ismail founder and CEO of SySDSoft, and chairman of KI-Angel, focused on investing in the early stage (...)
Al-Manar Group has invested EGP 50m, including in value of assets and working capital, in its 6th of October City brake fluid factory, according to Ahmed Nawara, the company's Deputy Chairman.
In an interview with Daily News Egypt, Nawara explained (...)
The Korea Marine Equipment Association (KOMEA) plans to invest $500m in the Suez Canal Zone and the Port Said shipyard.
KOMEA added that there are 20 Korean marine equipment manufacturing companies ready to come to the area.
"After the New Suez (...)
El-Wahab Group for Manufacturing & Assembling Cars has signed a cooperation protocol with Al-Manar for Manufacturing Car Fluids (AMCF), stipulating a barter of brake linings for engine oils.
AMCF Managing Director Ahmed Nawara said his company (...)
In December 2013, TEDA Investment Group signed a contract with the General Authority for the Development of the Northwest Gulf of Suez (SE Zone) to develop a new 6 sqkm North West Suez Canal zone. However, TEDA has yet to deliver the lands to start (...)
Mohamed Salem, Head of the Automotive Committee at the Egyptian Junior Business Association (EJB), told Daily News Egypt that developing Egypt's automotive industry is not confined to the existence of a general strategy for the country. It is, (...)
Sales from German company Knauf's recently opened factory in Suez could reach $15m in Egypt and Africa during the first year of production, said Alexander Knauf, Managing Partner of the company.
The company, which specialises in modern building (...)