128 Articles
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 cream of the French crop reside; it’s practically unseen. So fascinated are people about …
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 Sidi Abdel Rahman Bay auction, which put the auction’s winner, Emaar Misr, in the spotlight. Emaar …
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 non-pharmaceutical medical industry division at the Chamber of Engineering Industries, part of the Egyptian Federation …
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 counterparts. Liver diseases have plagued the population for a long time. Other than liver cancer and …
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 natural gas is the highest in the African continent. While the government and private sector corporations in the …
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 realize it has none of the amenities it …
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 too busy working. The Lovely Bones, the debut novel by Alice …
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 Coast. The land, which will be developed into a large tourist resort, …
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 organizations, the General Authority for Free Zones and Investment (GAFI) is on the brink of announcing a set of new …
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 of atrocities to make use of. If you’re not familiar with the …
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 known as the Financial Sector Reform Program. The program, launched in September 2006, constitutes part of …
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 boost earlier this week. According to an EFG Hermes statement, EFG’s board met in Cairo …
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 Etisalat chairman, Mohammad Hassan Omran. The chairman’s statement comes hot on the heels of …
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 Israel and Lebanon turn to Egypt as a vacationing haven. As a result of this sudden growth in …
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 southern Cairo. The World Bank has also announced that it will help finance the project with …
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 the sale, a close-call crash for the Egyptian industry with the entrance 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 cash cow. This time, a $6.8 billion international tourism resort development project in Sidi Abdul Rahman …
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 offered in Egypt. With this strategic offering, MobiNil, the …
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 imposition that, under no circumstance, can be ignored. Unfortunately, while the global private sector has become …
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, the Egyptian government seems to have backtracked on its promise to deliver political reform following recent violent …
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 past 15 years. In an official statement published by the ministry, Ghali stated that the country’s …
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 of the heavyweights in the liquefied natural gas (LNG) business in Egypt, BG, which …
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 than the United Arab Emirates (UAE). After talks in Cairo as …
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 have made their interest in the BOA official. The interested parties …
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 and are in the process of production. According to an official company statement, the rehabilitation of the 2.3 million ton per year …
Maktoob.com’s partnership with BBC part of growth strategy CAIRO: Maktoob.com, the largest Arab online community headquartered in Jordan, has recently announced that it has partnered with the BBC, as part of the Web site’s newly launched news service. The alliance between the international broadcasting giant and Maktoob is one of the recent spates of acquisitions …
Maximus I to form new church in sectarian split CAIRO: The Christian community in Egypt has been abuzz sine President Hosni Mubarak’s statement that he will not get involved in the current controversial issue facing the Coptic Orthodox Church. On July 3, Archbishop Maximus I dropped announced that he would split from the Coptic Orthodox …
CAIRO: As the 2006 World Cup enters the next stage of competition, millions worldwide will scrutinize the performance of all the teams in the semi finals. Yet, while the rapture of global audiences is limited to the brilliant tactics of strikers such as Ronaldo and center midfielders like France’s Zidane, a new crop of World …
intoegypt.com is turning former doubters into believers CAIRO: Intoegypt.com, Egypt’s first Internet booking engine and travel portal, has been selected as a model of e-commerce companies in the MENA region following a series of studies on e-commerce companies worldwide by Meditorst Project, an affiliate organization of the European Union, in association with the Egyptian cabinet …
Egypt’s problem with the virus previously underestimated PARIS: As a transmitted infection, hepatitis B (HBV) is one of the strongest viruses in the world, said the doctors at the 12th International Symposium in Viral Hepatitis and Liver Disease, thus making it one of the greatest global health risks to date. “HBV is 100 times more …