798 Articles
CAIRO: With over 150 leaders from the private sector, the public sector and civil society from Egypt in attendance, the John D. Gerhart Center for Philanthropy and Civic Engagement launched the Corporate Sustainability Capacity Building Program at the Semiramis Intercontinental Cairo Hotel this week. The program has been developed to respond to the clear …
CAIRO: An Administrative Court ruled Tuesday that the government must set a minimum wage. The ruling issued on Tuesday obliges Prime Minister Ahmed Nazif and Minister of Economic Development Osman Mohamed Osman, also head of the National Wages Council. The council was created in 2003 with the task of putting in place a minimum wage …
Egypt raised a $170 million loan from the Kuwait Fund for Arab Economic Development to help it build a 750 MW power plant north of Cairo, Reuters quoted an official at the Ministry of Electricity and Energy as saying. Egypt, which now has about 25,000 MW of electricity capacity, plans to add another 9,200 MW …
CAIRO: SODIC’s CEO and Managing Director, Maher Maksoud, received the Global Trade Matters-Egyptian Exchange (GTM/EGX) Best CEO of the Year Award. Maksoud accepted the award during the GTM/EGX Fifth Annual Awards Ceremony, which was held on March 23 at the Four Seasons Hotel Nile Plaza. The Strategic Advisory Board for the awards followed a strict …
Orascom Development eyes Romania land for housing Swiss-based developer Orascom Development has earmarked 2.5 million square meters of land for an affordable housing project in Romania, its first such project outside Egypt, it said on Friday. The project, in which Orascom holds a 70 percent stake, is expected to offer a total of 33,000 units …
CAIRO: More than half of the Middle East’s professionals believe that higher education is key to career advancement, a poll conducted by the job site Bayt.com revealed. The survey showed that 67 percent believe that pursuing a higher education program is crucial, 57 percent of which agreeing it was “very crucial. Only 8 percent said …
CAIRO: British Gas Group announced Sunday the appointment of Arshad Sufi as BG Egypt s new president and general manager, according to a company statement. On his new post, Sufi said, It is truly an honor to be back in Egypt and again to be a part of BG Egypt, which is one of the …
AIRO: National Democratic Party MP Yasser Salah was sentenced by a Cairo misdemeanors court to two years in prison with labor and fined LE 50,000 after being caught at Cairo airport attempting to smuggle 550 mobile phones into the country, according to official news portal egynews.net. The telephones were confiscated and Salah was also made …
CAIRO: The Egyptian embassy in Tripoli is following up on the detained fishermen in Libya, and pushing for their release at the behest of the Egyptian Foreign Minister Ahmed Aboul Gheit, according to online news portal Egynews.net. Libyan authorities notified the Egyptian embassy in Tripoli Thursday that 59 Egyptian fishermen on board four boats were …
Orascom Telecom rights issue almost fully subscribed Orascom Telecom said its rights issue was almost fully subscribed, raising more than $790 million for the mobile operator as it challenges an Algerian tax bill. This was expected because anyone who did not subscribe would have had his shares hugely diluted, said Ahmed Adel, a telecom analyst …
CAIRO: The Egyptian Junior Business Association (EJB) hosted earlier this week Queen Rania Al Abdullah of Jordan as a guest speaker at its annual conference, which this year focused on how sustainability can improve competitiveness in all sectors in Egypt. EJB has around 600 members from different sectors working to enhance the business environment, with …