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Euromoney Conference: Egypt eyes more southeast Asian, Gulf tourists

The Egyptian Tourist Authority (ETA) seeks to attract more tourists from Asian and the GCC (Gulf Cooperation Council) as visitors from these countries have largely stayed away since the 25 January Revolution due to political unrest. The authority will focus on Chinese and Indian markets as they represent two of the world’s fastest growing economies. …

Daily News Egypt

Guilt or competition? Winning the Cyber Espionage War

By Michael R. Czinkota During the Cold War, the Allies protected Germany’s Fulda gap against a possible Soviet invasion. In today’s environment of cyber vulnerability, surely all major parties have developed a plan of defence against cyber aggression. If not, they should do so. Yet even good plans may not fulfill the hopes of their …

Daily News Egypt

Turkey PM rebuffs criticism over press freedom

Erdogan’s speech to parliament followed a report by the US-based watchdog Freedom House earlier this month, which downgraded Turkey’s status from “partly free” to “not free” and said the country had seen the biggest decline in press freedom in Europe.

Daily News Egypt

China to further ease currency controls for multi-nationals in pilot

Reuters – China will expand a trial programme to make it simpler for multi-national firms to transfer funds within and outside the country, in a move that will further open its tightly controlled capital account. The experiment, which began in 2012 in Beijing and Shanghai, came in response to growing demand from international companies operating …

Daily News Egypt

Cash trickles back to emerging markets, faces growth challenge

Reuters – Investors are starting to move back in to emerging stocks and bonds after a long hiatus, data from fund tracker EPFR shows, but the economic slowdown gripping the developing world is likely to constrain market rallies. Emerging stock and bond funds saw their first weekly inflows after more than $50bn fled in the …

Daily News Egypt

Hunt is on for new emerging tigers: MINT, PPICS and CIVETS

AFP – For more than 10 years the rise of big emerging markets has re-shaped the global economy but these are now slowing with maturity, and the hunt is on to identify which upstarts will be tomorrow’s tigers. The big five, which recently helped the world through financial crisis but are now experiencing marked growing …

Daily News Egypt