Citi ‘bullish’ on Egypt as market ends positive week
CAIRO: While Egypt's benchmark EGX 30 index ended the week in the negative, down 0.31 percent to 5,462 points on Thursday, the broader EGX 100 ended slightly higher than the…
Paper mill to fill supply gap in Egypt’s packaging production
CAIRO: El Motaheda S.A.E. is building a new paper mill that aims to support local duplex board packaging production in Egypt and boost the country’s recycling efforts. The plant —…
Microfinance matters, now and for the future
By Deepak Khanna Recent events in Egypt and across the Middle East and North Africa (MENA) have demonstrated the urgent need for sustainable job creation and employment in the region. Microfinance…
New world order in banking: Rise of the SAAAME bloc
Western banks, burdened by the twin problem of the global financial crisis and a weak economic environment, face the prospect of a financial new world order that will force them…
Qaeda: Arab revolts herald ‘great leap forward’
LONDON: Al-Qaeda's most influential English-language preacher said revolts sweeping the Arab world would help rather than harm its cause by giving Islamists freed from tyranny greater scope to speak out.…
Uncertainty over future of lending activity in Egypt
While lending activity by Egyptian banks intensified over the past few years, it’s debatable whether this upward trend will continue or reverse in the near future. According to a report…
National Front for Justice and Democracy to attract unpoliticized masses
CAIRO: A number of political activists and academics launched Tuesday the National Front for Justice and Democracy with the aim of guarding the demands of the revolution and attracting…
Egypt mulls amendments to banking oversight, governance laws
The Central Bank of Egypt’s (CBE) board of directors have agreed to study possible amendments to Law 88 of 2003, which governs the regulatory body and the country’s overall financial…
Families appeal to gov’t for sons’ return from Libya
CAIRO: Hakim Malak has been spending nights in front of the Ministry of Foreign Affair’s headquarters, calling on the Egyptian government to bring back his brother and cousin, trapped at…
Zahi Hawass appointed Minister of Antiquities
CAIRO: Prime Minister Essam Sharaf appointed the head of the Supreme Council of Antiquities (SCA), Zahi Hawass, as the new Minister of State for Antiquities. The Ministry of Antiquities will…