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Maher Hamoud

Editor’s letter: Morsy, the good brother

Theoretically speaking, we could argue that the one month President Mohamed Morsy has spent in office is not enough to judge his performance as Egypt’s first leader after the revolution. However, practically speaking, it seems enough. Given a few facts regarding Morsy’s attainment of the presidency, we can understand feelings of anger among the electorate, …

Maher Hamoud

Bites Fil Beit Ramadan: Baba Ghannoug and Rice with curry, chickpeas and chicken

Ramadan offers a whole new challenge to cooking Egyptian food. The breaking of the fast, Iftar, is the main menu of the day and consists of an array of dishes. Traditionally the meal starts with juice, to prepare the stomach for the feast that is to come, and a savoury soup. Appetisers are up next, followed by a main course and a sweet dessert completes the meal.
Iftars are meant to be shared and inviting your close friends and family for a home-cooked dinner-cum-breakfast can be daunting. But not to worry; during the month we will be giving you suggestions for full menus with a complete recipe for one of the dishes.
Happy Ramadan!

Iman Adel Abdel-Fattah

Sales in automobile spare parts market take a dip

By Inaam El-Adawi Dealers in spare automobile parts have been assured that that their trade will not diminish as car companies launch their 2013 models, even if the market is stagnating. Desouky Sayed Desouky, Spare Parts Division Director at Cairo Chamber of Commerce (CCC), said that new parts will only begin to impact the market …

Daily News Egypt

Education financing solutions surface as academic year approaches

By WaleedAbd El-Azeem This year Ramadan coincided with academic preparations for the new semester, as students apply for private universities and schools. Banks are trying to seize the opportunity by offering financing solutions for tuition. The United Bank is at the top if the list of banks offering education loans, with an upper limit of …

Daily News Egypt

Housing and Development Bank to invest EGP $900m in Helwan project

By Nasser Youssef The Housing and Development Bank (HDB) plans on building  a moderately-priced, middle-class housing project in Helwan over 27 acres recently acquired from the government. An official at the bank stated that the project comprises of 2000 residential units to be completed within the coming two to three years. The estimated cost of …

Daily News Egypt

Government attracts funding originally allocated for SMEs

By Nasser Youssef The government’s expansion of high interest bonds and treasury bills led to a decrease in financing for small and medium sized enterprises (SMEs), the support of which the state claimed to be the primary goal of the post revolution government. The state resorted to the banking system in order to close the …

Daily News Egypt

Brazilian TV show visits Egypt

Our shows are 30 minutes long and we use three to five minutes to introduce the cultural landmarks that Brazilians are familiar with, but we use that as a hook to show them what life is really like.

Adel Heine

Petroleum minister Abdallah Ghorab emphasised the need to readjust subsidy policies in order to reach those in who need it most (AFP Photo)

Petroleum Minster stresses subsidies’ rationalisation

By Ahmed Mokhtar Abdullah Ghorab, Minister of Petroleum and Mineral Resources, has said that the petroleum sector was able to persevere and see some success, despite the difficulties that have faced the Egyptian economy and negatively impacted a number of sectors. He noted that petroleum workers performed well despite the significant increase in demand for fuel …

Daily News Egypt

Government instates 15% raise for non-public sector employees

By Mahmoud Salah El-Din The government has instituted a 15% salary raise for the employees of the private sector, non-governmental organisations, and private institutions as of July 1. The raise followed issuance of law 82 of 2012. Refaat Hassan, Minister of Manpower, said the award was decided following the annual bonus negotiation meeting, held on …

Daily News Egypt