Yousry ElHawary

Banque Misr CEO defends banks amid ‘unfair’ accusations
Business

Banque Misr CEO defends banks amid ‘unfair’ accusations

Al-Masry Al-Youm sits down with President of the Union of Arab Banks and Banque Misr CEO, Mohamed Barakat to discuss…
Government to inject LE130 million into telecom sector
Business

Government to inject LE130 million into telecom sector

The government will lend LE130 million to telecommunications companies to help them overcome the current recession, the communications and information…
Car insurance companies mull raising premiums by 50%
Business

Car insurance companies mull raising premiums by 50%

Ahmed Abul Enein, director of car insurance at the Misr Insurance Company, said that the Egyptian Union of Insurance Companies…
Foreign reserves drop by US$7.2 bn
Business

Foreign reserves drop by US$7.2 bn

The Central Bank's May report revealed that Egypt's foreign reserves dropped by US$7.2 billion in ten months, to stand at…
Businessmen accuse government of harming exports
Business

Businessmen accuse government of harming exports

A number of owners of private sector companies have criticized the government's decision to reduce export subsidies, arguing that it…
Egypt to form free trade zone with Africa
Business

Egypt to form free trade zone with Africa

Egypt’s economic policies will soon gear more toward African markets and Nile Basin countries, experts said. “The prime minister said…
Finance Ministry mulls joining special govt funds to state budget
Business

Finance Ministry mulls joining special govt funds to state budget

Egypt’s Ministry of Finance is considering integrating special government funds into the state budget to secure extra financial resources and…
Egyptian PM appoints new Competition Authority chairman
Business

Egyptian PM appoints new Competition Authority chairman

Prime Minister Ahmed Nazif has appointed Sameh al-Torgoman chairman of Egypt's Competition Authority for a four-year term. Al-Torgoman succeeds Mona…
Egyptian textiles producers hope to export more to US markets
Business

Egyptian textiles producers hope to export more to US markets

On Monday, Alaa Arafa, head of Egypt's Textiles Export Council, said that
Trade minister discusses bilateral trade with Kenyan counterpart
Business

Trade minister discusses bilateral trade with Kenyan counterpart

Trade and Industry Minister Rachid Mohamed Rachid on Thursday discussed ways of boosting bilateral trade with Kenya at a meeting…
No flaws in General Motors vehicles in Egypt, says govt agency
Business

No flaws in General Motors vehicles in Egypt, says govt agency

The Consumer Protection Agency (CPA) has announced that US automobile manufacturer General Motors (GM) will not include Egyptian markets in…
Egypt to establish joint industrial zone in Libya
Business

Egypt to establish joint industrial zone in Libya

Egyptian and Libyan governments agreed on establishing a joint industrial zone in Libya, said Minister of Trade and Industry Mohammed…
Negotiations underway to secure Russian wheat supplies
Business

Negotiations underway to secure Russian wheat supplies

Trade and Industry Minister Rachid Mohamed Rachid, at a press conference with his Russian counterpart on Monday, said Egypt is…
New inspection equipment for Cairo Airport
Egypt

New inspection equipment for Cairo Airport

Egypt will import new rapid inspection equipment for export cargo going through Cairo International Airport, said Prime Minister Ahmed Nazif…
Exporters decry heavy-handed airport security measures
Business

Exporters decry heavy-handed airport security measures

Egyptian exporters of agricultural products have criticized stepped-up security inspections of outgoing cargo at Cairo International Airport and other shipping…
Ministry official: Egypt has extra wheat reserves set aside for ‘times of crisis’
Business

Ministry official: Egypt has extra wheat reserves set aside for ‘times of crisis’

Egypt has additional stocks of wheat set aside for "times of crisis," a senior trade ministry official said Sunday.
Importers request ministry’s permission to purchase Iranian wheat
Business

Importers request ministry’s permission to purchase Iranian wheat

Egyptian importers have requested that the Trade Ministry allow the import of Iranian wheat in order to diversify the sources…
Ministry of Trade issues import ban on 149 Chinese companies
Business

Ministry of Trade issues import ban on 149 Chinese companies

Trade Minister Rachid Mohamed Rachid has issued a ban on the import of products from 149 Chinese suppliers. The prohibition…
Future of ministry of investment unknown following Mohie Eddin’s appointment to the World Bank
Egypt

Future of ministry of investment unknown following Mohie Eddin’s appointment to the World Bank

Investment Minister Mahmoud Mohi Eddin is scheduled to start his new job as managing director of the World Bank in…
Antitrust Authority calls for regulation of organic products
Business

Antitrust Authority calls for regulation of organic products

Antitrust Authority President Saeed al-Alfi has ordered a study of the quality of organic products sold on the market, saying…
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