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Embaba Airport housing project to be completed by year’s end

By Mohamed Darwish The Greater Cairo Housing Authority (GCHA) has finished constructing 82 percent (2800 out of 3400 apartments) of the Embaba Airport housing project, in preparation for delivery to owners in December. General Hesham Abu Senna, Director of the GCHA, said the area has been provided with electrical power from the national grid and …

Daily News Egypt

National Holding Company invests EGP 1.3 billion in Arab Countries

By Islam Serour The National Holding Company reported Saturday the contract values for its two affiliated companies, El-Nasr Company for Contractors and the Egyptian Contractors Company, amounted to EGP 1.363 billion in Arab countries, during the 2011-2012 fiscal year. According to the Holding company’s report, El-Nasr’s contracts in Sudan are valued at EGP 288.961 million. …

Daily News Egypt

New fiscal measures to address state budget deficit

By Islam Zayed and Mohamed Abdel Monsef The Government has prepared a new bundle of legislation aimed at increasing national revenue and alleviating budget strain. The legislation is scheduled to be enacted by year’s end. The Ministry of Finance (MOF) will enact further legislation to collect overdue taxes. The new bill resembles the tax payment …

Daily News Egypt

Minister of Parliamentary and Legal Affairs, Mohamed Mahsoub

Minister Mahsoub proposes new ‘Equal opportunities’ law

Interviewed By Wafaa Abdel Bary What is your mission during your first year in office, and what is your plan to improve the Ministry’s performance? My first year’s mission encompasses restructuring the Ministry, laying down the legislative plan and general guidelines, and pushing through several urgent legislations. In addition, the Ministry is working on a …

Daily News Egypt

Protests at Alexandria plant turn violent

“One person died yesterday.  Approximately 12 to 14 were injured” during protests at the Abu Qir Thermal Power Plant, a spokesman from the Ministry of Interior confirmed in a phone call.  The Saturday protests have settled down after “some officers and soldiers went to save the plant,” he said.  “Everything is now calm and quiet.” …

Connor Molloy

A useful idiot

  Egyptian political theatre never fails to entertain, and its latest clowns and the sheer absurdity of their demands made for quite a show in these last few weeks. Mohamed Abu Hamed’s call for a “revolution” to end the rule of the Muslim Brotherhood and what he dubbed as the “ikhwanisation of the state” is …

Mohamed El-Bahrawi

Thoughts on new alliances

January 2011 created a new set of alliances between the three main political currents in Egypt: the Islamists, the leftists and the liberals. During the first 18 days of the revolution and all the way up to the constitutional referendum in March 2011, this alliance was active and sound. Since the March referendum, this alliance …

Ziad A. Akl

Review: ‘Offending the President’ should not be an offence

After President Morsy’s decision to release chief editor of Al-Dostour newspaper Islam Afify from temporary detention, almost all opinion writers have criticised the President for not using his so-called powers to abolish all laws relating to ‘offending the President of the republic.’ Despite praising the move to release the editor, many writers have questioned why …

Daily News Egypt

First long Nile cruise since 25 January docks in Menya

By Mohamed Abdel Monsef and Abdel Razek Elshoweikhy Minister of Tourism Hesham Zaazou passed a decision last Sunday to re-start long Nile cruises from Luxor and Cairo. Two days ago the first cruise arrived in Menya. General Director of Tourism at the governorate, Osama Wadie, said that the boat docked at the Ekhnaton port of …

Daily News Egypt

Negotiations to streamline Qatari investment obstacles underway

By Ehab El-Dobaby and Mohamed Ayyad Within the coming days, a number of officials and executive directors of Qatari companies operating in Egypt will engage in negotiations with the Egyptian government. The negotiations will hopefully streamline several conflicts pertaining to the investment contracts that were signed by these companies before the 25 January revolution. During …

Daily News Egypt

The EGPC issues new bid round for 20 blocks

By Islam Serour The Egyptian General Petroleum Corporation(EGPC) announced a new bid round for 20 blocks in the areas of the Eastern and Western Deserts exploration. Total investments according Hani Dahy, Chairman of the EGPC, is estimated to amount to $8.5 billion in the 2012-2013 fiscal year. Adel Saeed, the EGPC’s Vice Chairman for Agreements, …

Daily News Egypt

Ministry of Electricity ready with third contingency plan

By Salah Elmenoufy The Ministry of Electricity (MOE) determined the new sites where it will implement its third contingency plan to meet the summer’s demand. Sources said that the plan includes establishing new power generation units in a number of already installed stations. These units will be established in Elseyuf station in Alexandria, Elmahmodeya, Damanhour …

Daily News Egypt