A picture shows smoke rising over Bourgas airport on 18 July, seven people were killed and more than 30 wounded in a bomb attack on a bus packed with Israeli passengers at a Bulgarian airport
Israeli PM Benjamin Netanyahu accused Iran for carrying (...)
Last week Recep Erdogan showed up at the right place at the right time, just as always in his political career. As the Israeli Embassy fiasco unrolled preceded and followed by threats from the government and ruling military council to suppress (...)
CAIRO: Default rates on loans handed out to small and medium enterprises (SMEs) reach 12 to 13 percent, said Khaled El-Defrawy, director of SMEs' Corporate Banking at the National Bank of Egypt (NBE).
“It is very, very important to be very clear (...)
CAIRO: With the opening of Next Move last week, Al Futtaim introduced two new phases of Cairo Festival City: Festival Living and the Business District.
Stretching over 3 million square meters in New Cairo, Cairo Festival City is a mixed use (...)
CAIRO: Established in 1989, Orascom Development Holding has grown to formidable proportions. Part of Orascom's strategy throughout these 20 years has been maintaining a diverse portfolio.
“We are diversified. We have different projects in (...)
CAIRO: Minister of Housing, Utilities and Urban Planning Ahmed El-Maghrabi opened Wednesday the 2010 edition of Next Move, the largest real estate investment and finance exhibition in Cairo.
With more than 50 major real estate companies (...)
A year and a half after the start of the global financial crisis, the Egyptian real estate sector is still one of the strongest industries in the country.
“The crisis didn't really affect the market in Egypt, specifically in Cairo, but it (...)
As the population explosion in Cairo has experts worried about a potential meltdown of the megacity, Egyptian real estate developer Sixth of October for Development and Investment (SODIC) has embarked on the ambitious project of building two (...)
One of the main hurdles to the development of Egypt's mortgage finance industry has been the erratic property registration practices in Egypt, insiders say.
In 2001, the Egyptian government launched Law 148 outlining regulations of the mortgage (...)
CAIRO: Fawry announced Wednesday the launch of its electronic bill payment service at 700 retailers in Cairo and Alexandria, which will allow customers to pay in cash their bills for the participating service providers without having to visit their (...)
CAIRO: The Egyptian Junior Business Association (EJB) unveiled at a press conference on Wednesday their "Guide on Access to Finance , compiled to help small and medium enterprises (SMEs) in Egypt find funding.
The guide was put together by a team (...)
CAIRO: Thomson Reuters launched earlier this month a new service that caters to the Islamic finance industry, a gateway that provides up-to-date information on the market, services and sharia-compliant companies.
“Despite its image as an emerging (...)
CAIRO: Egypt wants to double revenues from its budding outsourcing industry by 2013 to $2 billion from an expected $1 billion in 2010, Minister of Communications and Information Technology Tarek Kamel said Tuesday.
"We [expect] $1 billion in (...)
Earlier this month the World Bank announced a $300 million loan to Egypt to finance micro and small enterprises (MSEs). The Enhancing Access to Finance for Micro and Small Enterprises Project is expected to boost job creation and economic growth in (...)
CAIRO: An outsourcing call center with the capacity of 1,000 employees will be inaugurated today in Sixth of October. The investor company, Stream, is one of the biggest international outsourcing and tech services companies in the world with (...)
CAIRO: As the latest technology floods the Egyptian market, cybercriminal activity follows suit. According to Euromonitor International, the number of internet users in Egypt in 2010 has reached 16.4 million or 20.8 percent of the population - up by (...)
CAIRO: Russia and Egypt will sign an agreement on a Free Trade Zone at the next summit between officials of the two countries, said Trade Minister Rachid Mohamed Rachid.
On Thursday, Rachid met with his Russian counterpart Minister Viktor (...)
CAIRO: Vodafone Egypt Foundation unveiled its new project "A World of Difference at a press conference on Tuesday in Cairo. The project, aimed at encouraging volunteerism in Egypt, will sponsor five volunteers who will work with five NGOs for one (...)
CAIRO: "People don't consider that you are a human being, says 31-year-old Layla, beginning her ordeal of being a single female professional living on her own in Cairo.
Since she graduated from the Faculty of Arts, she has been working in the (...)
CAIRO: The idea of celebrating Women's Day was spearheaded for the first time during the women's labor movements in the first decade of the 20th century. Women's labor participation worldwide in the 1910s was minimal, but still these pioneering (...)
CAIRO: This year's International Metal and Steel Exhibition was a display venue not only for products and technology but also for a range of different coping strategies for surviving the financial crisis.
Like others in the steel production (...)
CAIRO: "The Middle East and North Africa were in much better shape than business in other parts. The decline was much smaller than in Asia, the US or Europe, said Frank Appel, CEO of DHL, at a recent conference in Cairo.
DHL revenues were down (...)
CAIRO: Twenty-two percent of Egyptian employers say they will definitely hire new employees in the next three months and 29 percent say they will probably do so, according to a recent survey.
Conducted by Bayt.com and YouGov Siraj, the study (...)
CAIRO: "Egypt plans to double exports in the next four years from LE 92 billion to LE 200 billion, Prime Minister Ahmed Nazif said at the Seventh Business Roundtable with the Egyptian government organized by the Economist.
Nazif also said that (...)
CAIRO: Intel's operations in the Middle East, Turkey and Africa have one of the highest numbers of women in senior management, said Aysegül Íldeniz, Regional Director for META.
"I have been extremely lucky with this [work] environment. I have had (...)