The number of Japanese tourists coming to Egypt hiked by roughly 40% during the first three months of 2019, Masaki Noke, Japanese ambassador to Egypt told Daily News Egypt during an interview.
"I'm not sure if this trend will continue throughout (...)
Cultural tourism globally is witnessing a decline, however, in Egypt, this type of tourism is thriving due to ongoing archaeological discoveries, the Minister of Tourism Rania Al-Mashat told Daily News Egypt on Friday.
Al-Mashat added that new (...)
The average tourist spending in Egypt increased during the current season compared to previous seasons, reaching close to $70 per night, up from between $20, $30 during the period after the 25 January Revolution, Mohamed Osman, chairperson of the (...)
There are two structural causes of Egypt's inflation: one is the increase in the rate of change in relative prices, and the increase in the rate of money growth than what the economy needs, with the aim of financing the budget deficit, according to (...)
Pharos Holding For Financial Investments issued a report commenting on the International Monetary Fund's (IMF) fourth review of Egypt's economic reform programme, stating that the programme is broadly on right track.
All of the June and December (...)
Al-Futtaim Group plans to increase the area of its Cairo Festival City (CFC) by 25,000 sqm, reaching a total area of 200,000 sqm, according to Timothy G. Earnest, Group Director/CEO of Al Futtaim Malls.
Consequently, more luxury retailers and new (...)
Elsewedy Industrial Development's land bank in Egypt increased by 15.4 m sqm in 2019, reaching around 25 m sqm as a total, which is the largest land portfolio owned by an industrial development company in Egypt, the CEO of Elsewedy Industrial (...)
When you are trying to get the word out about your product by marketing and promoting it, the process can be difficult. Hence, branding or promoting a notion or a country will be even more difficult.
Since 2016, Lamia Kamel, chairperson of the (...)
Egypt's non-oil private sector activity rose to its highest level since August 2018, reaching 49.9 in March, up from 48.2 in February, according to Emirates NBD-Egypt Purchasing Managers' Index (PMI).
Egypt`s PMI is just below the 50 mark, which (...)
According to Egypt's 2030 Vision, the country targets to raise women's political participation and involvement in the decision-making processes on all scales by 35%, said Maya Morsi, president of the National Council for Women (NCW).
She added that (...)
Today, a large number of females are pursuing their own passions and breaking free from traditional work routines. More than ever, females are currently using their unique talents to shape their own career paths, all while doing what they love and (...)
The Institute of International Finance (IIF) estimated in a report that the portfolio inflows to emerging markets (EM) reached $25.1bn in March.
The report explained that EMs' stocks and bonds attracted positive but relatively modest, non-resident (...)
The International Finance Corporation (IFC), a member of the World Bank Group, announced on Monday it is providing up to $100m in financing to the Middle East Glass Manufacturing Company (MEG), one of Egypt's leading makers of glass containers.
The (...)
The International Finance Corporation (IFC), a World Bank Group member, invested close to $200m in the Egyptian market over the last eight months, the IFC Country Manager for Egypt, Libya, and Yemen, Walid Labadi, told Daily News Egypt (DNE).
The (...)
B investments announced on Sunday that it recorded revenues worth EGP 245m in 2018, up from EGP 172m in 2017, an increase of 42.44%.
B investments explained that the revenues were mainly derived from dividend distributions and profits from portfolio (...)
Arabian Food Industries Company (Domty) announced on Sunday that it achieved an increase of 151% in its net profits in 2018, reaching EGP 154.6m, up from EGP 61.5m in 2017.
It also cited the consolidated results for the fourth quarter (Q4) of 2018, (...)
President Abdel Fattah Al-Sisi announced on Saturday increasing the country's minimum wage to EGP 2,000, as well as pensions by 15%, setting the minimum pension at EGP 900, starting from July.
He added that the government will dispense EGP 150 worth (...)
Egypt is ranked first in terms of the rate of caesarean deliveries in the world, Abdel-Maguid Ramzy, head of the Obstetrics and Gynaecology Department in Al-Qasr Al-Eini Faculty of Medicine, Cairo University, told Daily News Egypt in an interview (...)
Style, in both the east and the west, is a way to express who you are without speaking. Style encompasses everything we wear. Together, with the influence of fashion and jewellery, costumes fulfil many of our aesthetic dreams and are a worthy medium (...)
Uber announced on Tuesday that it has reached an agreement with Careem to acquire Careem for $3.1bn, consisting of $1.7bn in convertible notes and $1.4bn in cash. The acquisition of Careem is subject to applicable regulatory approvals. The (...)
The Minister of Tourism, Rania Al-Mashat, said that the Arab market is one of the most important exporting tourism markets to Egypt, which represents 30% of incoming tourism, noting that Saudi Arabia comes at the head of those markets.
"According to (...)
Unilever Mashreq has invested over EGP 500m in Egypt since 2016, said the company's Marketing Director and executive board member, Sherine Abdel Moneim, during an interview with Daily News Egypt.
She explained that the investments were used to (...)
Tamer Shawky, the chairperson of the Baheya Foundation for the early detection and treatment of breast cancer, told Daily News Egypt that Baheya's plans are topped by establishing the first integrated hospital for the treatment of women from breast (...)
Egypt honoured 32 women across Egypt on Monday, naming them ‘ideal mothers for 2019'. The mother come from different governates across Egypt, including Cairo; Giza; Assiut; North Sinai; New Valley; Qena; Matrouh; Alexandria; Kafr El-Sheikh; Aswan; (...)
Not all the hobbies are only restricted to drawing, music, shooting, etc, but they may also include innovative atypical hobbies.
Mariam Marzouk, a 26-year-old Egyptian female, has a different hobby: she heeds people's favourite quotes, decides what (...)
