Economy interviews

Communications Minister says ready for Economic Summit with large projects

04 Feb 2015
In an interview with Al-Masry Al-Youm, Communications Minister Atef Helmy said the ministry is offering many investment opportunities at the Economic Summit, starting with a series of large service projects.   He added that the...

Minister of Investment: Egypt assigns consulting house to prepare for March economic summit

Investment Minister Ashraf Salman
16 Nov 2014
Investment Minister Ashraf Salman said in an interview that the government assigned a new consulting house (WPP) to prepare for an economic summit in Egypt together with the American consultant (Lazar), adding that the date of the summit...

Telecom Egypt official: Talks about market saturation with mobile services untrue

23 Oct 2014
Mohamed al-Nawawy, managing director and executive chief of Telecom Egypt, said the company applied in August 2009 for a mobile carrier license, but the then political regime postponed the issue for political reasons, which resulted later...

WB expert lauds Egypt’s economic reforms

World Bank economist Sahar Nasr 
20 Oct 2014
A senior expert at the World Bank has said that the world organization is not concerned with the absence of an elected parliament in Egypt as long as the president has the authority to approve its programs in the country, according to an...

Supply minister unveils several projects underway

Supply Minister Khaled Hanafy
19 Oct 2014
Supply and Domestic Trade Minister Khaled Hanafy said that President Abdel Fattah al-Sisi approved a proposal that he submitted to finance several national projects recently declared by government. The proposal suggested partnership with...

Telecommunications Minister: Telecom Egypt mobile license in best interest of sector

16 Oct 2014
Fierce attacks have been made by the privately-owned mobile carriers against the state-owned Telecom Egypt, after beginning measures to receive Egypt's fourth mobile operator license, which they believe could lead to unfair competition...

Importing 1 mn tons of wheat enough to raise reserves: Food industries company chief

26 Jan 2014
Egyptian ports will receive 1 million tons of wheat until February, raising wheat reserves through April.   Hassan Kamel, head of the Food Industries Holding Company, said that there are currently 2.4 million tons of wheat in reserve...

On first Egypt visit, IFC head says investors await clarity, commitment from government

18 Mar 2013
On his first visit to the Middle East in his new capacity as the CEO of the International Finance Corporation, Jin-Yong Cai reiterated what has been repeated for months — investors are still seeking clarity and certainty before...

Brotherhood businessman urges business to play role in development

Businessmen pose at the launching event of Ebda, the Egyptian Business Development Association.
15 Apr 2012
One month after the regime of former President Hosni Mubarak fell, in March 2011, Hassan Malek was released from jail. He had spent four years and three months in prison, alongside 39 others, including Muslim Brotherhood leader and, until...

US expert: Leadership of 'Military Inc.' is running Egypt

26 Oct 2011
The Egyptian military’s economic interests have long been considered too taboo to discuss in the mainstream media, so little is known about the sections of the economy that fall under the military’s control. But now that a...