GAZA CITY: Despite persistent tensions between the Egyptian government and the leadership of Hamas, which effectively rules Gaza, a high ranking Hamas official sought to tamp down the controversies in an interview with Daily News Egypt.
Dr Ahmed (...)
It was a wild year for Egypt's telecom industry with price wars, international disputes, and a rapidly changing industry.
The most dramatic - and least satisfying - story of the year came in the form of an international dispute between France (...)
The Egyptian government has structured its economy around three key revenue earners: the Suez Canal, tourism and remittances. All three depend on global economic factors and threatened to undermine the government's reform programs in 2009.
There (...)
Economic crises are never a good thing. But depending on the timing, they can be especially devastating.
Egypt's economy was in major growth mode when the recession struck last fall. GDP growth was high, job creation was strong, and Egyptian (...)
CAIRO: "Consumer behavior is constantly and rapidly changing in today's world, Hany Mwafy, managing director of Nielsen North Africa, said Monday at a conference.
"This requires new and innovative marketing methods in order to keep up with these (...)
According to a recent survey, Egyptians overwhelmingly say they want a simpler, more streamlined way to pay their bills.
The study was conducted by Ipsos Marketing Research for Fawry, a company launched last year that specializes in electronic (...)
KABUL: When you live in a perpetual state of war, getting on with life is the only way to persevere.
A car bomb had rocked the outskirts of Kabul Friday morning, hitting outside the wall of US Camp Phoenix. When we visited the bomb site two and a (...)
Forget Paris in the springtime and Rio in the summer. New York City for Christmas is what you should be saving your money for. It doesn't matter whether you're Muslim, Christian or Jew, New York in December has an atmosphere as infectious as any (...)
CAIRO: In an effort to beef up its alternative energy sources, the Egyptian government has established a list of 10 bidders to build a wind farm in the country.
The farm will have a capacity of 250 megawatts and is expected to be built on the (...)
CAIRO: Members of the region's private sector are not all competing on a level playing field, according to a World Bank report released Monday.
Success depends too often on "privilege and vested interest instead of competitiveness, Shamshad (...)
CAIRO: With Egypt's demand for affordable housing growing and a thirst for the development of the mortgage industry, the American Chamber of Commerce hosted an event yesterday to bring the lessons learned from the US housing boom and subsequent (...)
CAIRO: After a streak that saw Egypt's Central Bank cut interest rates six times, the bank's Monetary Policy Committee (MPC) announced late Thursday that it would hold its key rates.
For a second straight month, therefore, the overnight deposit (...)
CAIRO: In what amounts to the first hint of how Egypt's economy performed in the first quarter of fiscal year 2009/10, reports have circulated that real GDP growth is expected to have been 4.9 percent between July and September 2009.
This number (...)
CAIRO: Straying from what officials and analysts have been saying recently, a report released this week poured cold water on those continuing to celebrate Egypt's resilience throughout the economic crisis.
In a note titled "Egypt Rebounding: The (...)
RAFAH: A harsh wind lashes at the tattooed wrinkled face of Selma Suleiman. Dates, olive oil and nuts lay in front of her as Gazans move across the Rafah border.
She is part of the temporary economy that springs up in the desert like rainstorm (...)
CAIRO: For a country where unemployment is traditionally among the top domestic concerns, Egypt got a new shot in the arm this week as a report ranked Cairo as the seventh best city for outsourcing.
The survey was conducted by Global Services and (...)
While the final day of the Mediterranean Smart Cards Company (MSCC) conference covered an eclectic mix of topics, much of the talk centered around developing technological solutions to further banking in Africa.
The conference's title, "Together (...)
Africa is facing a unique banking challenge in the 21st century. As the world undergoes a lengthy revolution from conventional banking to a more internet/mobile-based technologically savvy banking system, Africa is struggling to build the (...)
The first day of the Mediterranean Smart Cards Company (MSCC) conference, "Together for a Better Africa, wrapped up with a panel focused on outsourcing business in the context of maintaining security and improving companies' bottom lines.
With a (...)
CAIRO: Makro Egypt held a groundbreaking ceremony Tuesday for its chain of wholesale stores expected to spread through Egypt's capital in the coming years.
The event for Makro, which is a sales division of Germany's Metro Group, was held in Salam (...)
CAIRO: In advance of a conference next month aimed at promoting private equity and venture capital in Africa, executives briefed the media about the upcoming event.
The eighth annual conference, titled "Africa: The Growth Continent for Private (...)
CAIRO: The most important organization that no one knows about is, this year, forging ahead with a plan that will fundamentally reshape the way you use the internet.
The Internet Corporation for Assigned Names and Numbers (ICANN) is a global (...)
CAIRO: It's a small company with big plans. They work out of a small Heliopolis office but are partnered with one of the world's premier technology giants. This is Silicon Vision, and they're well on their way in transforming the way data is (...)
CAIRO: The Mediterranean Smart Cards Company (MSCC) held a conference in Sharm El-Sheikh this weekend bringing together banking, bank processing, and card experts from around Africa to discuss the future of banking and banking transactions in a (...)
CAIRO: Al Futtaim Group announced on Tuesday that it had begun leasing property for Festival Center, the commercial hub of its ambitious New Cairo mixed-use development, Festival City.
Festival Center is a 180,000-square-meter space that Al (...)