Section: Egypt
Egypt hosts Pacprocess MENA for first time next year
The Minister of Trade and Industry, Amr Nassar, said that Egypt will host the Pacprocess Middle East Africa 2019 Processing and Packaging event for the first time in cooperation with Messe Düsseldorf exhibition halls. The convention will be held in December 2019, in conjunction with the Food Africa Exhibition to shed light on food and beverages...
G20 discusses Ukrainian sailors, climate change, US-China trade race
The world’s biggest economies participating in the G20 summit in Argentina held talks on several international issues, including the seized Ukrainian sailors, climate change, and the US-China trade race. German Chancellor Angela Merkel had an in-depth conversation with the Russian President Vladimir Putin over the deteriorating tensions...
Tetra Pak: time for a sharp choice cut
Tetra Pak, the company specialised in food processing and packaging solutions, believes that the Egyptian economy has been facing many challenges during the past period, according to the Managing Director of Tetra Pak Egypt Konstantin Kolesnik. Daily News Egypt interviewed Kolesnik to get an insight into how the economy has affected Tetra Pak, as...
G20 launched: Trump cancelled planned meeting with Putin, Bin Salman facing world leaders
The annual G20 summit kicked off on Friday in the Argentinian capital, Buenos Aires, while all eyes turned to the Saudi Crown Prince, Mohamed bin Salman, over his alleged involvement in the murder of the Washington Post’s columnist, Jamal Khashoggi, inside the kingdom’s consulate in Istanbul. Despite the fact that ties with the west...
Revolta Egypt to complete electric vehicle charging stations by 2020
Revolta Egypt’s founder, Mohamed Mostafa, told Daily News Egypt that the company will be able to charge electric cars everywhere in Egypt by 2020. He explained that the first phase of building electric vehicle charging stations started on 11 February 2018, with the first station on Cairo-Suez Road. The phase also includes establishing 65...
Bullish consensus on Egypt’s economic stabilization: Bank of America Merrill Lynch
A bullish consensus on the Egyptian economy was expressed at the recent IMF and World Bank annual Spring Meetings in Washington DC about the prospects for emerging markets, according to Bank of America Merrill Lynch’s Emerging Insight report issued on Monday. The report cited Egypt’s meetings as confirming the bank’s view that...
Sector strategy targets 16.6m tourists by 2020
The former chairperson of the Egyptian Tourism Federation (ETF), Elhamy El-Zayyat, and member of the board of directors of the Egyptian Chamber Hotel , Haitham Nassar, laid out a strategy to develop the tourism sector within the next two years, in cooperation with Abla Abdullatif, chairperson of the Egyptian Centre for Economic Studies (ECES)....
Russian shares sell off amid sanctions fears
The ruble has experienced its biggest one-day fall for over two years and stocks in major Russian companies also slid, as investors reacted to a new round of US sanctions targeting some of Russia’s biggest tycoons.The fresh US sanctions announced on Friday, targeting officials and businesspeople around President Vladimir Putin, sent...
Egypt’s tourism expected to recover, backed by growth in tourist arrivals: OBG
The Egyptian tourism sector is poised to experience a rebound, despite challenges, leading to a more positive outlook in the near to medium terms, according to Oxford Business Group (OBG)’s Egypt economic update issued on Monday. OBG associated the recovery to the recent uptick in foreign arrivals, as well as the expected boost from the...
Ryanair now flying to Ukraine
Irish no-frills carrier Ryanair has said it’s launching its first routes from European cities to Ukraine. The announcement rekindles a deal the airline walked away from last year in the face of alleged protectionism.Ukrainian President Petro Poroshenko and Ryanair CEO Michael O’Leary announced the deal at a briefing at Kyiv’s...
