Cabinet approves draft of amendments dealing with sexual harassment penalties
CAIRO: The Cabinet of Ministers approved a draft of amendments to the Penal Code this week that will impose harsher punishments on sex offenders. The draft of amendments, proposed by…
Tunisia revolt makes Islamist threat ring hollow
By Tom Pfeiffer / Reuters CAIRO: The absence of Islamist slogans from Tunisia's pro-democracy revolt punches a hole in the argument of many Arab autocrats that they are the bulwark stopping…
Egypt to offer 19 areas for gas exploration: paper
CAIRO: Egypt's state-owned Egyptian Natural Gas Holding Company (EGAS) will offer up 19 areas for exploration this year in international tenders, a newspaper reported on Wednesday. "It is planned to…
Algeria sees Djezzy valuation in 3-6 months: paper
Algeria will take three to six months to decide on a valuation of Egyptian group Orascom Telecom's local unit Djezzy, which it wants to buy, Egyptian financial daily Al-Mal reported…
Banks turn more bearish on Egypt pound
Investment banks are turning more bearish on the Egyptian pound due to a combination of rising political risk and deteriorating fiscal outlook. Barclays revised EGP forecasts down to 6 per…
Wasla signs JV with Atelka
Wasla Contact Center entered into a joint venture with Atelka, a Canadian telecommunications and contact center management company, to provide Business Process Outsourcing services to clients and consumers in Egypt,…
Al-Futtaim breaks ground on KidZania in Cairo
Al-Futtaim Group Real Estate and Edrak for Edutainment Projects Development Co. broke ground on KidZania Cairo, the first edutainment city in Egypt and Africa, according to a statement on Tuesday.…
Egypt, Qatar, Saudi stock markets to lead MENA in 2011: report
CAIRO: Egypt, Qatar and Saudi Arabia’s stock markets are expected to outperform others in the Middle East and North Africa region in 2011, according to a recent report. In its…
Nestle to invest LE 450 mln in 2011 on Egypt expansion
CAIRO: The world’s largest food and beverage company, Nestlé will expand operations in Egypt by investing LE 450 million in 2011, an executive said at a conference Tuesday. Nestlé will…
Saudi says Ben Ali barred from politics while in kingdom
By AFP RIYADH: Ousted Tunisian president Zine El Abidine Ben Ali has been barred from any political activity relating to his country while he shelters in Saudi Arabia, Foreign Minister…