BREAKING: Mourinho to leave Real Madrid at end of season    City midfielder Rodwell called into England squad    Court postpones Omar Effendi case to 16 June    Antiquities minister: UNESCO threatens to declassify heritage sites    Presidency denies negotiations with kidnappers    Assad foes must come to Syria meeting without conditions: Russia    Hamas increases presence along Egyptian border    Al-Sulaya heads for Villarreal trial    Witness protection discussed in Shura Council    Preparatory school student shoots classmate in Upper Egypt    Turkey pumps $250m more in its credit line to Egypt    YouTube Turns 8 Years Old    Trial referrals for UAE detainees imminent    Egypt's Benchmark Closes Further Below 5435 Pts Triggered By Stamp Tax    Egypt's top companies: the Power 34    12 more defendants referred to court in Al-Khosous trial    Egypt Likely To Join BRICS By Year-End – Official    Konan back to Ahli    Lethal medicine sold in broad daylight    Israel bank heist kills 4; robber takes own life    Egypt sells $38.4 mln at forex auction on Monday    Morsi: NGOs Law To Be Discussed With Different Parties Before Its Approval    Imran Khan's Party Wins Revote In Karachi, Protests Expected    CIB Signs EGP 100 Mln Deal With SFD To Finance Micro-enterprises    Two Egyptian Journalists, Critical Of Morsi, Face Trial    Concern over Suez Canal development    Students launch organic soap company Saboony    Italian Rizzoli to referee Champions League final    Former Pakistani dictator Musharraf granted bail    Japan, Hong Kong Stocks Lead Asia Gains    Bite Me Cairo: Once upon a time    Fierce fighting continue in Syria's Qusair    26 killed in multiple car bombs in Iraq    Turkey: 1 killed, 24 injured in balloon crash    Yahoo to buy Tumblr for $1.1bn    Sinai Abduction: Egypt President Morsi Rules Out Talks    Morsi Appoints New Head Of Constitutional Court    Gunmen storm security camp in Egypt's Sinai Peninsula    Eurovision Song Contest Won By Denmark    VIDEO: Hegazi's Fiorentina agonizingly lose CL spot    U.S. 'Idol' Winner Shines Light On South's Gullah Culture    Shots fired at Cannes, actors flee for cover    Iranian director's taut family saga rivets critics at Cannes    David Beckham is to retire from football    Emma Watson wows in glitz gown at Cannes    Goons of the intellect    YouTube launches ‘Comedy Week' 19 May    AUC showcases its musical range in stunning double feature    

Articles of the author Daily News Egypt
Egypt's top companies: the Power 34
The companies were chosen according to an in-depth study into companies listed on stock exchanges across the region. Here are Egypt's winners and their current market value: 1. Telecom Egypt (Region rank: 45): $3.6bn 2. Commercial International Bank – CIB (Region rank: 50): $2.8bn 3. National (...)

20 - 05 - 2013
Pharmacist union predicts shortages of imported medicine to reach 90%
Raga'i Morsi, president of Luxor's Pharmacists Union, said that the shortfall in volume of medicine imported into Egypt over the coming year could reach upwards of 90% of desired levels, due to the continued increase in the price of the US dollar. He added that the market is already suffering from (...)

20 - 05 - 2013
Finance Ministry to reassess taxes on hotels and resorts
By Abd Al-Razaq Al-Shuweikhi Egypt's Ministry of Finance recently agreed to requests made by the country's Tourist Ministry to restructure real estate taxes imposed on hotels and resort facilities based on their “market replacement value". Towfiq Kamel, President of the Egyptian Hotels Association, (...)

20 - 05 - 2013
Govt pays EGP 2.6bn in medical bills
The Central Agency for Public Mobilisation and Statistics (CAPMAS) recently said that the number of Egyptians receiving medical treatment both at home and abroad, paid for at the expense of the government, increased 19.2% throughout 2012 reaching 1.4 million patients, compared to 1.2 million in (...)

20 - 05 - 2013
Qatar gas deal postponed
Minister of Petroleum and Natural Resources Sherif Hadarra stated on Saturday that a pending agreement for Egypt to import natural gas from Qatar has been postponed until further notice. The postponement came as a result of a number of unresolved legal details that still have yet to be worked (...)

19 - 05 - 2013
Judges for Egypt support proposed judiciary bill
Judges for Egypt outlined the importance of amending the current Judiciary Law and praised the controversial judiciary bill to be approved by the Shura Council. The moderate Islamist Al-Wasat Party submitted a draft bill proposing to lower the retirement age of judges from 70 to 60 in an effort to (...)

19 - 05 - 2013
New real estate construction in 6th of October City
The Ministry of Housing and Urban Communities recently modified the layout of 922 acres of land in the green belt district of 6th of October City set to be developed by the Wadi El Nile Company for Agricultural Development. The ministry stipulated that the project would need to be completed by 21 (...)

19 - 05 - 2013
Egypt: International banks eyeing long-term growth
A large, underbanked market makes Egypt an appealing prospect for financial institutions looking for long-term growth, although the effects of ongoing economic and political uncertainty are weighing on some lenders. On 1 April the international press reported that Barclays, the UK's second-biggest (...)

18 - 05 - 2013
Digitised database will exclude 1.5 million from receiving subsidies: Ouda
Minister of Supply and Internal Trade Bassem Ouda said that he expects the overhaul and digitisation of the country's database system, which allows Egyptians to register their names and that of their children to receive government subsidies, to exclude 1.5 million qualifying citizens seeking (...)

18 - 05 - 2013
In Pictures: Protests in Tahrir Square
Opposition groups organised marches from Mustafa Mahmoud mosque in Mohandessin, and from Shubra and Al Sayeda Zeinab, then converged in Tahrir Square. The main focus of the marches is raising awareness for the Tamarod campaign, a petition-based venture aiming to withdraw confidence and popular (...)

17 - 05 - 2013
Cabinet division over fuel subsidies programme
By Mustafa Salih, Muhammad Adel, Ahmed Salaama, Islam Zayid Taqa Petroleum Minister Sherif Hadarra made several statements regarding repeated postponements of the restructuring of Egypt's fuel subsidies programme, particularly for diesel and other petroleum products. The statements specifically (...)

15 - 05 - 2013
From Everest to Alaska, Omar Samra continues to aspire and inspire
Friday will mark the sixth anniversary of Omar Samra summiting Mount Everest. On 17 May 2007, Samra reached the highest point of the highest mountain on earth at precisely 7.19am Egyptian time, to become the first Egyptian and the youngest Arab to climb Mount Everest. In his pursuit to climb the (...)

15 - 05 - 2013
Presidential approval ratings after 10 months in office
The latest public opinion poll conducted by The Egyptian Center for Public Opinion Research (Baseera) has revealed that Egyptians have continued to show dissatisfaction with President Morsy's job. The approval rating has hit a record low, with only 46 percent of Egyptians saying they think he has (...)

14 - 05 - 2013
Shura Council approves income tax law
The Shura Council approved on Monday the new income tax law, which introduced widening the top tier tax bracket of 25%, formerly for those earning above EGP 10m, to include those earning EGP 250,000. Those earning less than EGP 5,000 per annum will continue to pay no taxes. The second tier tax (...)

13 - 05 - 2013
Kempinski Soma Bay executive chef shares signature dish recipe
Sedat Bugday joined Kempinski Hotel Soma Bay as executive chef. A Turkish national, he studied at the Educational Institute of AH&MA. Prior the Kempinski, Sedat was the executive chef at Cratos Premium Hotel in Cyprus and Rotana hotels in Dubai and Erbil. Moreover he was part of the opening team of (...)

13 - 05 - 2013
Expert: Downgrade timing casts doubt over IMF negotiations
The timing of Standard and Poor's (S&P) decision on Thursday to downgrade Egypt's long term sovereign credit rating to CCC + just days after Egypt's recent cabinet re-shuffle cast doubts on the new government's ability to successfully complete negotiations with the International Monetary Fund (IMF) (...)

12 - 05 - 2013
Gold tumbles 1.5% as dollar prices rise
The price of gold decreased 1.5% last Friday as US dollar prices rose. This has led to the increase in sales of precious metals, whose value dropped to their lowest level in two weeks. The price of gold immediately dropped 1.3% to $1,438.51 per ounce at 6.28pm GMT. Previously, prices had dropped (...)

11 - 05 - 2013
Investment Minister: Budget deficit 11.5% of GDP for the 2012-2013 fiscal year
Yahya Hamid, Egypt's new Investment Minister, said on Saturday that the country's budget deficit had reached EGP 200bn, or 11.5% of GDP, for the 2012-2013 fiscal year ending in June. The European Bank for Reconstruction and Development recently stated that: “Egypt's budget deficit has increased to (...)

11 - 05 - 2013
Egyptian Central Bank announces key interest rates will not change
In a statement the bank said that key interest rates for loans would remain at 10.75%, with those for deposits remaining at 9.75%, adding that a number of Egypt's most prominent economic experts were torn regarding the soundness of such policies. Some expected rates to increase in order to help (...)

11 - 05 - 2013
Around half of Egyptians are not satisfied with a limited cabinet reshuffle: Baseera poll
Around half of Egyptians are not satisfied with a limited cabinet reshuffle. They prefer instead a complete overhaul of Prime Minister Hisham Qandil's cabinet, according to the latest public opinion poll conducted by The Egyptian Center for Public Opinion Research (Baseera). According to the poll, (...)

09 - 05 - 2013
Viber spreads to desktop platforms
Viber is seeking to challenge Skype's dominance in providing internet call services by expanding its service to include a desktop version of the application, Viber Desktop. The move came after Viber announced on Tuesday that its number of users recently rose to 200 million across 193 countries, (...)

08 - 05 - 2013
Pictures of ‘world's slimmest smartphone' leaked
New leaked photographs have surfaced of Huawei's Ascend P6-U06 model, touted as “the world's slimmest smartphone". The model, expected to be officially released within the coming weeks, is 6.18mm thick. The photos show that on the right side of the device there are two microSIM and microSD card (...)

08 - 05 - 2013
Tourism and Communications ministries promote Egypt via search engines
The Ministry of Tourism has signed a protocol pact with the Ministry of Communications and Information Technology to encourage international search companies like Google to promote Egyptian tourism destinations, beginning 1 July, said Minister of Tourism Hesham Zazou. “There are two billion (...)

08 - 05 - 2013
Automated records project launched at Cairo University hospital
Ahmed Samir, the Delegated Minister for the Ministry of State for Administrative Development (MSAD), along with Hassan Abdallah, President of the Board of Trustees for the NGO Wafaa le Masr, and Hassan Khairy, Dean of the Faculty of Medicine at the Qasr al-Aini Hospital, launched the first stage of (...)

08 - 05 - 2013
Egypt needs to create 850,000 new jobs per year
Egypt's government needs to provide its citizens with a total of 850,000 new jobs per year in order to keep up with the number of newcomers entering the country's job market, said Director of the Education Sector at the World Bank's Middle East and North Africa (MENA) Human Development Division (...)

07 - 05 - 2013
Advertisement

Report inappropriate advertisement
Please help us to block an inappropriate advertisement by telleing what was the website it links to :





Thank you for reporting!
We will review the advertisement in order to ban it.