Dubai – After a long–awaited comeback, Research in Motion (RIM, now rebranded as Blackberry), unveiled the Blackberry 10 in a global event held simultaneously in New York, Toronto, Johannesburg, Dubai, Paris, London, Jakarta and Delhi.
President and (...)
TNS Egypt for market research has surveyed 500 high-income Egyptians who expressed interest in buying cars to gauge consumer appetite for automotive purchases in 2013, given the prospective increase in fuel prices and the rise of the US dollar (...)
The Egyptian petroleum industry's top players convened yesterday to deliberate the pros and cons of the current model of contractual agreements inked between government and investors, which regulate exploration and development operations within the (...)
The president of the European Council, Herman Van Rompuy, has underlined the significance of Egyptian European relations and the critical importance of the IMF loan during a business dinner organised by the Confederation of Egyptian European (...)
With the aim of promoting economic cooperation through establishing channels of dialogue between investors, international financial organisations and government officials from across the region and the US, the American Chamber of Commerce in Egypt (...)
Thuraya has been in Egypt since the late 1990s, offering satellite telecommunication solutions to a wide range of sectors that operate in remote areas where terrestrial networks are unavailable, as well as to those who are constantly on the move and (...)
Egyptian girls stand in line at a water cistern to fill their containers with clean water at Al-Rahawe village
Egypt's cabinet met yesterday to discuss suggestions made by the Ministry of Utilities to steadily raise the price of drinking water over (...)
Minister of petroleum meets with the Kuwaiti oil minister. (Photo courtesy of the Ministry of Petroleum)
Minister of Petroleum Osama Kamal stated that the Organisation of Arab Petroleum Exporting Countries (OPAEC) is reviewing ways to improve (...)
The Central Bank of Egypt (CBE) has requested from the prime minister to halt all the activities of banking sector's development and modernisation fund.
CBE Governor, Farouk Al-Oqda, asked Prime Minister Hesham Qandil to annul all contracts signed (...)
Minister of Finance Mumtaz Al-Saeed said that the government is open to discussing ways to help see Egypt through its current economic crisis, which includes a USD 14.5 billion funding gap until the 2013/2014 fiscal year. He added that it was (...)
Centamin plc, the miner operating the Sukari Gold Mines (SGM), announced Friday that its fuel supplier, Chevron, has been notified by the Egyptian General Petroleum Cooperation (EGPC) that diesel supply “may be resumed" and that no retrospective (...)
Qatar National Bank (QNB) Group announced that it is in “definitive agreement" with the French bank Societe Generale concerning the acquisition of its entire stake in National Societe Generale Bank Egypt (NSGB).
Societe Generale owns 77.17 per cent (...)
Today marks the closing date for the bid round issued by the Egyptian Natural Gas Holding Company (EGAS) to sanction the importation of Liquefied Natural Gas (LNG) by the private sector for first time in Egypt.
A high-ranking source from EGAS, who (...)
Dr Michel Alaby speaks to DNE. (Photo courtesy of the Arab Brazilian Chamber of Commerce)
How does Brazil perceive the investment climate in the Arab Spring countries?
We have to understand differences between countries where the Arab Spring (...)
Hatim Salah, Minister of Industry and Foreign Trade, right, signs one of the EU-Egypt task force agreements. (PHOTO BY MOHAMED OMAR)
The EU Egypt Task Force Business and Tourism Summit kicked off Tuesday amid a strong presence from diplomats, (...)
October's production figures of crude oil and condensate witnessed a slight 1.3 per cent bump compared to September's numbers, stated a report from the Egyptian General Petroleum Corporation (EGPC).
The increase is attributed to adding the output of (...)
Drops of tax “reforms" have been percolating from the cabinet to the public over the past few days, leaving the latter surprised, bewildered and anxious as to what's yet to come. Wednesday the government approved a progressive income tax and variety (...)
The Country Chair and Managing Director of oil giant Royal Dutch Shell, Jeroen Regtien, talks to the Daily News Egypt. (PHOTO COURTESY OF ROYAL DUTCH SHELL)
How does Shell perceive the current investment climate in Egypt?
Shell is proud of its (...)
The government has approved a set new of tax initiatives put forward by Minister of Finance Momtaz Al-Saeed that provoked a wave of anxiety in financial circles.
While one of the initiatives is a new progressive income tax, the bulk of the proposed (...)
Egyptian consumer confidence in the third quarter of 2012 held the same ranking as the previous quarter, standing at 103 on the Nielsen's consumer confidence index.
Nielsen's latest study, surveying around 29,000 online consumers in 58 countries (...)
President of the Italian Association for Cooperation and Friendship with Egypt, Ambassador Antonio Badini, addressing attendees of Monday's press conference
(Photo by Mohamed El-Bahrawy)
An Italian business delegation currently visiting Egypt has (...)
Minister of Communication Hani Mahmoud speaks to Daily News Egypt
Hassan Ibrahim / DNE
What are the main obstacles currently facing your administration?
I can divide the challenges into two parts; first are short-term issues that we need to handle (...)
The government's prescription to treat the economic recession we're currently enduring has been a two-fold solution of increasing foreign investment and seeking more international loans. The monetary policy of maintaining the stability of the (...)
Against the backdrop of the deteriorating Eurozone crisis, a number of foreign banks, namely BNP Paribas, Piraeus and NSGB have announced their exit plans from the Egyptian market. Contrary to such a trend, HSBC has reinforced its presence in Egypt, (...)
For several weeks now, state-run media has been depicting a somewhat rosy outlook on the economy. Government officials are downplaying the gravity of issues; prominent figures such as Hassan Malek spewing comforting statements, citing the pending (...)