Egypt's Health Minister reviews upgrades at Gustave Roussy Hospital    Giza Pyramids' interior lighting updated with new LED system    Suez Canal Bank partners with CRIF Egypt to advance sustainability through Synesgy    Russia hits Ukraine with huge barrage as first Australian tanks arrive    Russia unveils 'Kinzhal' interceptor drone to counter low-altitude threats    Lebanon's PM says US proposal includes full Israeli withdrawal, state control of arms    Saib reopens Mansoura branch after comprehensive renovation    ABE signs cooperation protocol to finance beneficiaries of state-owned lands in Minya    Sandoz Egypt introduces OMNITROPE 15mg biosimilar growth hormone for the treatment of short stature    Egypt After 2025: Navigating a Critical Inflection Point    Egypt's EHA, Huawei discuss enhanced digital health    Spot Gold, futures slips on Thursday, July 17th    Egypt, Oman discuss environmental cooperation    Egypt expresses condolences to Iraq over fire tragedy    Egyptian, Belarusian officials discuss drug registration, market access    Sri Lanka's expat remittances up in June '25    Egypt's Health Min. discusses drug localisation with Sandoz    EU–US trade talks enter 'decisive phase', German politician says    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Yousry ElHawary Amir Heidar
Car insurance companies mull raising premiums by 50%
Ahmed Abul Enein, director of car insurance at the Misr Insurance Company, said that the Egyptian Union of Insurance Companies is considering raising car theft insurance premiums by 50 percent, in light of the increasing number of cars stolen in the (...)

14 - 07 - 2011
IMF cancels Cairo visit after military council rejects foreign loans
A source close to the International Monetary Fund (IMF) said the fund cancelled a visit to Cairo scheduled for July after the ruling military council rejected foreign loan offers so as not to laden future Egyptian governments with debt. But the (...)

01 - 07 - 2011
Former PM: Tunisia uprising will negatively impact Egyptian remittances
Political fallout from Tunisia's ongoing popular uprising threatens to negatively affect the remittances coming into the country from Egyptians working abroad, former Egyptian Prime Minister Abdel Aziz Hegazi has said. At a conference on Wednesday (...)

20 - 01 - 2011
Egyptian market anticipates custom cuts on EU cars
The local automotive market is expecting a 10 percent cut in custom duties on cars imported from Europe starting in January. This is the second consecutive year the market is anticipating the cut. Some market players, however, dismissed the (...)

19 - 12 - 2010
CBE: Overseas investment by Egyptian banks decline sharply
Overseas investment made by Egyptian banks dwindled in the first half of 2010 by nearly 22.7 percent, with a nearly LE16.9-billion decrease between January and July of this year. Egypt's total overseas accounts reached LE57.3 billion as of July of (...)

29 - 08 - 2010
NDP official: Energy subsidy reductions still subject to debate
The notion of lifting subsidies on energy products remains subject to discussion and debate among representatives of various ministries within the ruling National Democratic Party (NDP)'s energy committee, according to a senior party official who (...)

15 - 08 - 2010
Finance mulls duties on car guarantees
The Finance Ministry is thinking about levying customs duties on imported car guarantees, according to sources at the automobiles department at the Union of Egyptian Chambers of Commerce. Car dealers, however, warn that such a move would serve to (...)

02 - 08 - 2010
Cabinet approves new real estate finance law
Egypt's Minister of Investment Mahmoud Mohie Eddin announced the cabinet's approval of a new bill on real estate finance to be discussed by parliament during its next term. The new bill aims to improve market efficiency and oversight. In a key (...)

16 - 06 - 2010
Greek crisis pulls Egypt''s bourse down 5%
In reaction to Greece's unfolding financial crisis, the Egyptian stock market's EGX index plummeted by 5 percent on Sunday in the largest single-day drop in two years. The index lost a total of 360 points to close out the day at 6756. The price (...)

09 - 05 - 2010
Auto industry makes tentative recovery
The local automobile market began to pick up in the past few weeks after being badly bruised by the global financial crisis that began in 2008, say industry insiders. "This year's first quarter sales have picked up," said Alaa el-Sabaa, member of (...)

02 - 05 - 2010
EBA founds Nile Basin investment company
The Egyptian Businessmen's Association (EBA) recently established the Egyptian-African Company for Investment and Development, which aims to support private-sector investment projects in the countries of the Nile Basin. According to EBA President (...)

26 - 01 - 2010
Global gold demand jumps, local demand wanes
As the dollar retreated against the euro, the price of gold has increased internationally, reaching US$1100 per ounce, and raising the demand for gold as an alternative form of investment. Meanwhile, local sales have remained low. Local markets saw (...)

26 - 01 - 2010
TE acquires full stake in TE Data
Telecom Egypt (TE) now owns a full 100% of Internet provider TE Data after buying the last five percent of minority shares still not in its possession. According to TE CEO Tareq Tantawi, the company took the step in anticipation of increased demand (...)

05 - 01 - 2010
Banks redirect loans to small and medium-size businesses
A number of private and public-sector banks decided to direct their credit policies towards small and medium-size business projects, as these types of projects employ 80 percent of the local manpower. Barclays Bank Corporate Credit Manager Akram (...)

29 - 12 - 2009
FT denies seeking new MobiNil partner
France Telecom (FT) Vice-President for Asia, Africa and the Middle East Hisham el-Alaily denied that his company had plans to replace Orascom Telecom as its local partner in mobile phone company MobiNil. "We're giving priority to negotiations (...)

22 - 12 - 2009
MobiNil mulls France Telecom acquisition offer
Officials of local mobile-phone firm MobiNil met Wednesday to discuss an offer by partner France Telecom to buy 100 percent of the company's shares. "The Egyptian Financial Supervisory Authority (EFSA) has given us 15 days to come to a decision," (...)

16 - 12 - 2009
Govt approves sale of Mobinil shares to France Telecom
The Egyptian Financial Supervisory Authority (EFSA) accepted France Telecom's offer to purchase all shares of the Egyptian Company for Mobile Phone Services (Mobinil). Orascom Telecom objected to the decision, arguing that the EFSA previously (...)

12 - 12 - 2009
Global, local gold prices continue through roof
Gold prices have continued to skyrocket both internationally and locally, with unprecedented price highs causing a state of stagnation on the local market. On Monday, international prices for a 31-gram unit of 24-carat gold reached US$1167, with (...)

23 - 11 - 2009
Algerian football hooligans torch OT factory
Naguib Sawiris, chairman of Egyptian telecommunications giant Orascom Telecom (OT), announced at a Tuesday press conference that the headquarters of the company's Algeria operations (Djezzy) -- along with a mobile phone factory -- has been burnt (...)

17 - 11 - 2009
Local mobile-phone market nears saturation point
Total mobile-phone subscriber numbers in Egypt hit 53.4 million at the end of this year's third quarter, according to statistics recently released by the Ministry of Telecommunications. There were 15.4 million new subscribers for the period, (...)

15 - 11 - 2009
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