Cheiron, a subsidiary of the Egyptian conglomerate PICO Group, has acquired a 50% stake in Sahara North Bahariya Ltd, the owner of the North Bahariya Concession in the Western Desert, for $83m.
According to sources related to the deal, the acquired (...)
Sharif Samy, head of the Egyptian Financial Supervisory Authority (EFSA), said that one of the articles of the new investment law obligates companies to allocate 10% of their profits for community purposes.
In his speech during the Corporate Social (...)
Hany Kesis, former chairperson of Egyptian-American Business Council, said that a number of Egyptian companies began negotiations with international e-commerce company Amazon to distribute its products.
He told Daily News Egypt that the negotiations (...)
Governor of the Central Bank of Egypt (CBE) Tarek Amer cancelled a meeting scheduled on Tuesday with representatives of nine investor associations, an investor involved in the meeting told Daily News Egypt on condition of anonymity. The meeting was (...)
Daily News Egypt interviewed Mahmoud Abaza, the former head of Al-Wafd Party from 2006 until 2010, who is one of the most prominent supporters of the current reform of the party.
In his house in Zamalek, Abaza lay out his analysis of the current (...)
The Egyptian Social Democratic Party is preparing for running in the local municipalities' elections through forming appropriate alliances that have political power on the ground. The party stressed its opposition to the tight security measures (...)
The National Council for Human Rights and many Egyptian and international human rights and youth organisations are awaiting the results of President Abdel Fattah Al-Sisi's pledges that he made during the National Youth Conference in Sharm El-Sheikh. (...)