Al Alam Al Youm, based in Cairo, was launched in 1991 as the first business newspaper in Egypt.[2][3] In addition, it is the first privately owned independent newspaper of the country.[2] Yasser Thabet and Emad Adeeb are the founders of the paper.[4][5]
The owner of the paper is Good New 4Me Holding Company which also owns Nahdet Misr, another newspaper.[6][7] As of 2012 Emad Adeeb was the chairman[8] and Lamis Elhadidy was the chief executive officer of the paper.[9] Although the paper billed itself an independent publications both Adeeb and Elhadidy were among the supporters of the former President Hosni Mubarak in the mid-2000s.[10]
It is published six times per week[2] and focuses on business news in relation to Egypt, the Middle East and the other parts of the world.[11][12] The paper also offers financial analyses.[6] Its target audiences include opinion leaders, businesspeople and decision-makers at multinational and private companies.[9] The paper has offices in Paris, London, Geneva, Bonn, Saudi Arabia, Kuwait, Qatar, Bahrain, Morocco, and Beirut.[11] It publishes an Egyptian edition and a Gulf region edition.[9]
In 2003, the approximate number of its readers was 650,000,[2] and its circulation was 15,000 copies.[13]