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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

Chinese company to develop 6 square km in Ain Sokhna

By Hassan Ghonema General Mohamed Refaat, acting head of the General Authority for the Northwest Suez Gulf Economic Zone signed a contract with the Chinese developer TEDA to develop 6 square kilometers in Ain Sokhna.  The project is the first phase in a larger development deal between Egypt and China, with the Chinese government having …

Daily News Egypt

Your Weekly News

Ladies and gentlemen, welcome to this week’s news from the fair land of Egypt, the place so magical that the state’s institutions spend all of their effort in putting a smile and a chuckle on its citizens’ faces. We start our broadcast with the latest update regarding the military’s miracle cure, the CCD, by General …

Mahmoud Salem

Under US pressure, Iraq denies Iran arms deals

AFP – Iraq, facing heavy pressure from the United States, has denied signing deals for weapons and ammunition with Iran in apparent violation of international sanctions. The defence ministry said a variety of international firms had sought to supply Iraq with ammunition and night vision equipment, including one company from Iran. But contrary to media …

Daily News Egypt

Iran warns ready for ‘decisive’ battle with US, Israel

AFP – Armed forces chief of staff General Hassan Firouzabadi has warned the Islamic republic’s arch-foes that Iran is prepared for a “decisive battle” if attacked, Fars news agency reported on Wednesday. “We are ready for the decisive battle with America and the Zionist regime [Israel],” Fars quoted Firouzabadi as saying. He also warned neighbouring …

Daily News Egypt