Life style and food draw a line between the cultures of the two countries
CAIRO: French women are known for their elegance, sophistication and slimness. In France, an overweight woman is an exception rather than the norm. In Paris, where the (...)
Company hopes to provide a comprehensive community for customers
CAIRO: Ever since the government made real estate development a priority on their agenda, all eyes have turned to the North Coast. However, none has garnered more attention than the (...)
Egypt hopes to help world meet need for medical equipment
CAIRO: The medical equipment production industry is in the throes of major growth if recent economic indicators are anything to go by.
According to Dr. Sherif Ezzat, president of the (...)
Nile Medicine Company to start producing badly needed medication locally
CAIRO: For the first time in the history of the country, antibiotics for liver diseases will be produced locally for 50 percent less than the price of their imported (...)
Egypt may have leaned too heavily on recently discovered natural gas supplies
CAIRO: According to the findings of the latest report conducted by the Petroleum Economist and the Statistical Review of World Energy, Egypt's domestic consumption of (...)
Finally a law that will protect consumer rights
CAIRO: In Egypt, many people find themselves buying a product at a shop then going home only to find that it doesn't work, or reserving a stay at a hotel based on its brochure, only to get there and (...)
CAIRO: Summer is a time for fun, the beach, plenty of sunshine, and some summer reading. But this summer, instead of reaching for some light, easy-read novel, pick up some of the bestsellers that have made waves in the literary scene while you were (...)
Site in Sidi Abdel Rahman, North Coast worth over LE 1 bln
CAIRO: The Holding Company for Tourism and Cinema (HOTAC) announced that Dubai-based Emaar Properties has won the bid for a prime real estate site in Sidi Abdel Rahman on the North (...)
GAFI ready to announce amendments to the currently complex bankruptcy procedures
CAIRO: As part of the national financial banking reform program undertaken by the Egyptian government with the help of the private sector and international (...)
Crass singer capitalizes on Lebanese crisis
CAIRO: During times of hardship, you can count on one Egyptian crooner to capitalize on the unrest in the Middle East. For this singer, the current Israeli attack on Lebanon is just one in a long list (...)
ADB continues participation in development
CAIRO: Egypt has been awarded a loan of $500 million (LE 4.2 billion) from the African Development Bank (ADB), which will be used to support the country s structural and financial reform program, also (...)
Move makes UAE company single largest shareholder in bank
CAIRO: Thanks to an offer made by UAE-based Abraaj Capital Limited, a private equity firm, to buy a 25 percent in Egyptian investment bank EFG Hermes, Egyptian share prices witnessed a (...)
Winner of Egypt s third mobile license puts rumors to rest
CAIRO: Etisalat, the UAE-based mobile operator that was recently awarded the third Egyptian mobile license, will not be selling any of its shares to anyone at this time, according to (...)
Israeli aggression on Lebanon redirects regional tourism
CAIRO: Experts in the field of investment in Egypt have confirmed that the Israeli attacks on Lebanon will affect tourism and investments, as tourists who previously planned to head to (...)
Joint project between the Egyptian government and World Bank designed to advance reform measures in energy sector
CAIRO: The Egyptian government has announced that it will spend $470 million (LE 2.7 billion) to build a 700-megawatt power plant in (...)
CAIRO: State-owned Suez Steel Co., one of the largest net-importers of billets in the market, with the most modern facility in the Middle East region, is finally on sale.
After a year and a half of deliberation, arguments over the conditions of (...)
CAIRO: All eyes have turned to Egypt's North Coast as another hefty tourism development project goes on sale.
Once again, the government is shopping around for investors keen on reaping profits from the North Coast, the tourism industry's newest (...)
CAIRO: MobiNil has just announced the launch of a voice SMS service, known to the rest of the world as voice mail. With this launch, the telecom industry in Egypt is moving into new frontiers . or rather, into old ones that have never before been (...)
CAIRO: Corporate Social Responsibility (CSR) has become more than just a fashionable affair to the corporate world. Gone are the days when CSR was an option that corporations entertained when wanting a slight facelift. Today, it is a veiled (...)
Report addresses economic and political reform
CAIRO: Once again, the Economic Intelligence Unit has come out with its annual country report on Egypt, and this year the country has gotten mixed reviews.
According to the 2007 country report, (...)
New economic laws behind shift from public to private sector
CAIRO: According to Minister of Finance Youssef Boutros Ghali, the private sector's contribution to the gross domestic product (GDP) has risen from 30 percent to 80 percent over the (...)
Company gets ready for next phase of growth
CAIRO: British Gas (BG) has announced that they have signed a new concession agreement with Petronas on Monday. The new concession is right on schedule with the company's plans for expansion.
As one (...)
Sheikh Khalifa visits Cairo; construction on new city to begin
CAIRO: Of all the countries in the region and the rest of the world taking a newfound interest in Egypt as a port for hefty investments, none has shown greater faith in the country (...)
Bidders on bank to be narrowed to five
CAIRO: For those keeping abreast of the news in the ongoing saga of the privatization of the Bank of Alexandria (BOA), there is light at the end of the tunnel. Nine local, regional and international banks (...)
Cement production in the third world has become big business with increasing environmental restrictions elsewhere
CAIRO: Orascom Construction Industries (OCI) Cement Group announced that they have commissioned a cement facility in northern Iraq (...)