Garment, textile exports to US up 11 pct
Egypt’s exports of garments and textiles to the United States through the end of October 2010 increased 11 percent to reach $857 million, up from last year’s $770 million, according…
Byoum’s phase one to be operational mid-2012
Byoum Residence, Orascom Development’s real estate project in Fayoum, said that phase one is expected to be operational by the middle of 2012, according to a statement. This makes it…
Banks to finance trailer replacement program
Some 71,000 draw-bar trailers are expected to be replaced by August 2012, according to the minister of finance, Al-Ahram reported. AlembicHC reported that the ministry has negotiated with Banque Du…
CPC starts trial run in $400 mln industrial park
Construction Products Holding Company (CPC) began experimental operations of its new industrial complex in Egypt’s Sixth of October, according to a statement. The 1.5 million-square-meter complex is the first private…
Ajwa head to appeal Egypt financial crime convictions
The chairman of Egypt's Ajwa Food Industries said on Saturday he would appeal against his conviction for financial crimes. An Egyptian court sentenced Ajwa Chairman Mohamed Bin Issa Jaber Al…
Egypt’s formula for growth
By Oxford Business Group CAIRO: Legal wrangling over a new pricing plan for Egypt’s pharmaceuticals has not dampened confidence in the sector, with rising domestic demand expected to ensure robust profits…
Obama to increase engagement with Africa in 2011
HONOLULU: President Barack Obama is quietly but strategically stepping up his outreach to Africa, using this year to increase his engagement with a continent that is personally meaningful to him…
Pakistani government in dire straits as key party quits
ISLAMABAD: Pakistan's prime minister, struggling to keep his party's grip on power, sought support from opposition leaders Monday after a coalition partner said it would defect and threatened to bring…
Kurdistan newspapers hit by lawsuit barrage
SULAIMANIYAH: Newspapers and journalists in Iraq's autonomous Kurdistan region have been bombarded by a barrage of lawsuits from regional political parties, media rights groups and editors say. "In recent months…
Foreign firms look to increase solar power presence in India
MORABANDAR: The Elephanta Caves, a UNESCO World Heritage Site off the coast of India's financial capital Mumbai, draw hundreds of thousands of tourists every year. But when the last of…