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Making the most of Gulf aid to Egypt

By Farah Halime, Rebel Economy We may not like it, but Egypt desperately needs Gulf money. So why not change the way the Gulf lends money to Egypt to make it count. It won’t be just about wasting away cash to address a symptom without resolving the underlying problem. Indeed, without Gulf aid, the government would have …

Daily News Egypt

Rat race in the desert, should Egypt be running?

By: Rasheed Hammouda As the Gulf’s major players compete to be crowned the region’s finance king, Egypt may end up benefitting from being left out of the race entirely The race to be MENA’s top financial hub has been heating up over the past few years, a race that Cairo has been noticeably absent from. …

Daily News Egypt

Tourism in the news: Emirates campaigns for Dubai to host 2020 Expo

Egypt’s economy relies heavily on its tourism sector that has been struggling to survive since the uprising of 25 January and subsequent events in the country. Once a month DNE rounds up the most significant news relating to tourism to give you an overview of the efforts that are being made to bring tourists back to the country.

Daily News Egypt

Gang fights in Dubai

Sword-wielding thugs are becoming more and more common in the UAE, as unemployment for nationals rises amid the rapid development of its cities.

Daily News Egypt

Dubai’s Nakheel plans creditor sukuk issue by end-April: chairman

By Matt Smith / Reuters DUBAI: The second tranche of a sukuk from Dubai’s Nakheel will be 240 million dirhams ($65 million) in size, less than a quarter of the expected value, after the property developer persuaded trade creditors to accept a huge discount on their original claims. Nakheel will issue further tranches, a spokeswoman said, …

DNE