ALEXANDRIA - Praying for the best, Mabrooka Hassan Ali sat with her husband under the shade beside their voting station on the Mediterranean coastline. Ali, in her mid-60s, said she had just finished casting her vote for Hamdeen Sabbahi, Egypt's (...)
CAIRO: Women are playing an increasingly imperative role as pioneers of economic prosperity and growth in the Arab world.
With this in mind, the Middle East and North Africa Businesswomen's Network (MENA BWN) will launch its inaugural forum this (...)
CAIRO: SunCity, a new addition to Egypt's shopping and entertainment centers worth more than LE 3 billion (about $497 million) in total investments, officially opened last week.
This is the first retail flagship for HNS Group, an international (...)
CAIRO: Emirates Airlines increased its flights to Cairo to 13 per week after witnessing a continuous growth in passenger and cargo demand from Egypt to the United Arab Emirates (UAE).
Since March 30, the additional flight EK928 has been (...)
WASHINGTON: The International Monetary Fund said on Thursday there was no fixed timeline for concluding loan talks with Egypt and insisted that any IMF financing package have the broad support of all political parties in the country.
"The (...)
CAIRO: After much debate over the $3.2 billion International Monetary Fund (IMF) loan and a year-long stalemate, Egypt's finance minister finally convinced parliament to accept the loan, official media said.
Mumtaz Al-Saeed, Egypt's minister of (...)
CAIRO: Just a day after the Muslim Brotherhood unexpectedly announced they would nominate a candidate for Egypt's upcoming presidential race, a US congressional delegation met with Khairat Al-Shater, the group's contender, on Monday, underlining (...)
CAIRO: The ruling military council warned civilians not to “interfere” in the military's businesses underlining that these ventures have been created from the “sweat” of the Ministry of Defense.
The Tuesday announcement came shortly after members (...)
CAIRO: Corruption remains omnipresent in state institutions more than a year after a popular uprising calling for change and social justice, a report said, noting that filed complaints are extremely low.
In partnership with the United Nations (...)
CAIRO: Trade in the Middle East and North Africa (MENA) region is expected to expand 131 percent by the year 2026, with metal products being a “driving force” for the region, according to HSBC's latest Trade Connections report.
Areas of interest (...)
CAIRO: In light of the calls for change resonating across the Arab world this past year, the annual Economic Research Forum (ERF) conference focused on the theme of corruption and its deleterious effects on economic development.
On the corruption (...)
CAIRO: With an eye on the country's promising real estate market, North American real estate brand Re/Max has expanded its reach to Egypt, launching its first headquarters in Cairo.
Short for Real Estate Maximum, Re/Max has an international (...)
CAIRO: The region's high-potential but underutilized agribusiness sector is about to get a boost, with a close eye on promoting private sector investment.
The European Bank for Reconstruction and Development (EBRD) and the United Nations' Food (...)
CAIRO: Egypt is losing LE 4 billion (about $662 million) annually due to a “shocking surge” in the trade of illicit cigarettes with a rapidly increasing number of low-cost brands, according to a study by British American Tobacco.
Fueled by (...)
CAIRO: The world's water deficit will grow to 200 billion cubic meters (BCM) per year by 2050, and may cost Egypt $11 billion annually, a World Bank official said.
“Closing this deficit will be a significant challenge, costing the world $104 (...)
CAIRO: Egypt accepted a $393 million loan from the Japan International Cooperation Agency (JICA) to begin developing the first phase of Cairo's fourth metro line, officials said Monday.
This first tranche, worth about 32.717 billion Japanese Yen, (...)
CAIRO: Ericsson's Middle East president said Sunday the company plans to continue focusing on the needs of Egypt's “network society,” as the country continues working through a bumpy transition.
“There are fantastic business opportunities in (...)
CAIRO: Just hours after his announced death on Saturday, thousands of inconsolable Coptic Christians flocked to the Cairo and Alexandria Cathedrals, uniting to mourn the death of a leader and “father” figure, Pope Shenouda III of (...)
CAIRO: Egypt's Suez Canal posted a single day revenue of LE 117 million ($19.4 million) on Wednesday, according to head of the canal authority.
These were the highest recorded revenues since the authority increased toll fees by 3 percent this (...)
CAIRO: Amnesty International condemned on Thursday a "ship of shame" carrying a cargo of weapons with explosives from the United States en route to Egypt.
The group called on Egypt to refuse the shipment because of the risk they will be used "to (...)
CAIRO: Joined by US Senator John McCain, some of the largest American companies in Egypt met in Cairo on Monday to discuss economic partnerships, particularly underlining supply chain opportunities.
Ahead of the business discussions, McCain said (...)
CAIRO: Tossing aside recent allegations that the United States is meddling in Egypt's internal affairs, US Senator John McCain stressed he is “optimistic” that the row over American non-governmental organizations in Egypt will be resolved soon, (...)
CAIRO: Egypt is hosting the third edition of the North Africa Technical Conference and Exhibition (NATC) from Monday to Wednesday this week in Cairo, where petroleum professionals will meet to discuss the latest technical issues in the (...)
CAIRO: With Egypt's political landscape seemingly stabilizing, investors are gradually making their way back into the market, with the spotlight focused on the country's once thriving real estate sector.
Whether you were looking for a small (...)
CAIRO: As Egypt strives to regain the confidence of foreign investors, members of the Turkish business community will convene with the Federation of Egyptian Chambers (FEC) on Saturday to discuss how the state can help facilitate their (...)