CAIRO: Faragalla, one of the top three suppliers of packaged juice and dairy products in Egypt, announced the opening of a new liquid food factory at its facility in Borg El-Arab outside Alexandria.
TetraPak, a Swedish-based company servicing 170 (...)
CAIRO: Uncertainties had their impact on the real estate market in Egypt in 2011, but as the participants of Cityscape Global would note, the industry is looking at a strong comeback in 2012.
The decision to move the Cityscape Global real estate (...)
CAIRO: International investors have pledged $8 billion in petroleum investments this year, said Egypt's Petroleum Minister Abdallah Ghorab at a conference on Monday.
Ghorab opened the North Africa Technical Conference and Exhibition, taking place (...)
Visitors to the Gezira Art Center in Zamalek in February and March may have admired an unusual exhibition of jewelry — intricately twisted wires binding semi-precious stones — and wondered about the artist responsible for the work.
They might not (...)
Infrastructure is the key to development and improved quality of life in Egypt and Africa as a whole, according to Lars Thunell, CEO and executive vice president of the International Finance Corporation (IFC).
The IFC, self-described as “the (...)
CAIRO: A law regulating public-private partnerships (PPPs) has received initial approval from the People's Assembly (PA), ushering the legislation toward further consideration and bringing it one step closer to ratification.
The legislation would (...)
CAIRO: Minister of Trade and Industry Rachid Mohamed Rachid announced the mutual determination to establish a free trade agreement (FTA) between Egypt and the countries of South America's Mercosur bloc: Brazil, Argentina, Uruguay and (...)
CAIRO: The International Monetary Fund (IMF) released its latest evaluation of the Egyptian economy, the Country Report for 2010. While praising Egypt's "resilience to the economic crisis, the report cautioned against allowing election pressures to (...)
CAIRO: After several days of meetings, the US-Egypt Business Leaders Forum, along with Minister of Trade Rachid Mohamed Rachid and US Ambassador to Egypt Margaret Scobey, signed an agreement to support a new entrepreneurship program to benefit both (...)
A statement made by an Ahly fan about his dedication to his team sums up the sentiment of millions of Egyptians for whom football represents far more than a game, "Football is the only successful thing in my life. His declaration was preserved in (...)
CAIRO: The Egyptian pound grows increasingly attractive as a currency for investment as it maintains a stable rate of approximately LE 5.5 to the US dollar.
In a Reuters poll, 11 economists predicted that the rate would stay at 5.51 through the (...)
CAIRO: At the start of the month, Ezz Steel raised steel prices for the month by LE 820, which brings the cost of each ton to LE 4,100, on the back of higher raw material costs and much to the discontent of the public.
Although the record 25 (...)
CAIRO: COMESA's third annual investor conference will bring together representatives from traditional investors in the US, EU and GCC as well as newer Asian investors, all anxious to capitalize on Africa's potential.
Egypt will host the (...)
CAIRO: If Egypt's latest period of significant economic reform and growth began in 2004, India's began 10 years earlier, said Kaushik Basu, advisor to India's Minister of Finance.
The global economic crisis of 2008 slowed India's growth, but as (...)
Omar Fathy wants to ruin your diet. The CEO of Divine Worx, the company behind the popular Makani sushi chain as well as Burger Joint, Zo and El Sit Hosneya, laughs that pampering people is one of his favorite aspects of being in the food (...)
It seems an unfortunate truth that producing a film version of a novel automatically generates a certain aura of importance around the original source material. The aura may be nothing more than the glow of profit; the transformation of the lowly (...)
I am still feeling deliciously gooey after yesterday's deep tissue massage at Manuela Thai Spa but I will do my best to remain coherent.
Mauela's greatest strength lies in the talented hands of its masseurs. I should note that my experience was (...)
CAIRO: The second annual Egypt Insurance Conference organized by Euromoney echoed with the refrain, “Egypt's insurance industry has made huge progress, yet much remains to be done.” But spouting figures on the growth rates of Egyptian insurance (...)
Omar Fathy wants to ruin your diet. The CEO of Divine Worx, the company behind the popular Makany sushi chain as well as Burger Joint, Zo and El Sit Hosneya, laughs that pampering people is one of his favorite aspects of being in the food (...)
It seems an unfortunate truth that producing a film version of a novel automatically generates a certain aura of importance around the original source material. The aura may be nothing more than the glow of profit; the transformation of the lowly (...)
CAIRO: Bancassurance, microfinance and the role of the Egyptian Financial Supervisory Authority (EFSA) in regulating non-banking financial services were key topics at a Cairo conference Tuesday.
Ziad Bahaa-Eldin, chairman of the EFSA, said, (...)
CAIRO: The future of Egypt's insurance industry comes into focus today at the second annual Euromoney Egypt Insurance Conference.
Organized by the Insurance Federation of Egypt and Euromoney, the conference titled “Enabling Egypt's Citizens to (...)
CAIRO: Emerging markets will be the main drivers of economic growth for the next five years, according to Robert Parker, vice president of asset management for Credit Suisse.
“Not that the developed world will go back to recession... We shouldn't (...)
CAIRO: The future of Egypt's insurance industry comes into focus today at the second annual Euromoney Egypt Insurance Conference.
Organized by the Insurance Federation of Egypt and Euromoney, the conference titled "Enabling Egypt's Citizens to (...)
CAIRO: Minister of Finance Youssef Boutros Ghali said Egypt's budget deficit for fiscal year 2009/10 will come in at 8.5 percent of GDP, predicting that the figure will fall to 7.9 percent for the coming financial year beginning in July.
Speaking (...)