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Egypt targets to raise Suez Canal’s revenues by $1bn

The Suez Canal Authority (SCA) targets to raise the Suez Canal’s revenues by $1bn, according to Mohab Mamish, the chairperson of SCA. He added on Wednesday during a seminar held by the Canada Egypt Business Council (CEBC) on investment in the Suez Canal Economic Zone (SCZone), that the canal achieved revenues worth $600m during the …

Daily News Egypt

Trade exchange between Egypt, Greece records €1.8bn in 2018

The trade exchange between Egypt and Greece increased in 2018 by 37.5%, reaching €1.8bn, compared to €1.3bn in 2017, the Minister of Trade and Industry of Egypt, Amr Nassar, stated on Wednesday. He continued that Egypt’s exports to Greece increased by 15.3% over the past year, reaching €640m, up from €555m in 2017. His remarks …

Daily News Egypt

US dollar loses 5 piasters against Egyptian pound on Wednesday

The US dollar lost about five piasters from its value against the Egyptian pound on Wednesday, averaging EGP 17.21 for buying and EGP 17.31 for selling, down from EGP 17.26 for buying and EGP 17.36 for selling on Tuesday. The official US dollar price in the Central Bank of Egypt lost between 3-4 piasters, reaching …

Hossam Mounir

Egyptian community in US will be voting “yes” on constitutional amendments

New York- The Egyptian community in the United States expressed its support to the constitutional amendments, describing the step as “a necessity for the continuation of the development process started by President Al-Sisi.” Members of the community who attended the conference held by the Egyptian American Entrepreneurship Association last week in New Jersey that they will …

Nevine Kamel

Edward Said: remembering a Palestinian patriot

The 2019 Memorial Lecture honouring Edward W. Said, “Out of Place: Refugees, Immigrants, and Storytelling” couldn’t have come at a more appropriate moment. And the main speaker for that event, Viet Thanh Nguyen, was the right person for the job. Viet Thanh Nguyen, the author of the novel The Sympathizer, shares with Said two qualities: …

Cesar Chelala

Egypt seeks to achieve integration with Africa in energy field: Electricity Ministry

Since taking over the presidency of the African Union (AU), Egypt has been actively working on a comprehensive vision to achieve integration among African countries, especially in the energy field, Egypt’s Electricity Ministry spokesperson, Ayman Hamza, said. He told DNE that the second ordinary session of the African Union (AU) Specialized Technical Committee on Transport, …

Daily News Egypt

Tourism sector electricity dues scheduled over 36 months

The Canal Company for Electricity Distribution agreed to schedule the outstanding dues of the tourism sector over 36 months with 0% interest. An official at the Egyptian Electricity Holding Company (EEHC) said the decision is aimed not to ease the burden on the tourism sector, and help tourist installations to pay their electricity bills regularly …

Daily News Egypt

Bank Audi plans to open nine new branches in Egypt

Bank Audi plans to expand its footprint in Egypt in 2019. As part of Audi’s nationwide branch expansion plan, nine new branches will be inaugurated in strategic locations mostly outside Greater Cairo to cover more governorates and to reach more diversified segments of customers. Driven by uncompromising mission to offer the best banking services and …

Daily News Egypt

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