IATA chief talks aviation challenges and growth in MENA
CAIRO: Egypt’s decision to keep airports under government control was praised as a wise decision by the head of the International Air Transport Association (IATA). “We have to congratulate for…
Egypt eyes new mining law to attract gold investors
CAIRO: Egypt is drafting new legislation to boost investment in its mining sector, a minister said in remarks published on Tuesday, as the country seeks to capitalize on renewed interest…
Mobinil subscribers grow as Q3 profit falls
CAIRO: Egyptian cell phone operator Mobinil said subscribers grew in the third quarter while lower usage and higher advertising costs during the Muslim fasting month of Ramadan drove it to…
Share of low income groups from food subsidies rise: World Bank
A new World Bank study shows that measures taken by the Egyptian government in expanding the base, and better targeting food subsidies, over the past two years have led to…
JV to oversee Toyota SUV assembly in Egypt
Toyota’s "Fortuner" SUVs will be assembled in Egypt, with a planned annual output of approximately 3,000 vehicles, beginning early 2012, according to a statement. Toyota Motor Corporation (TMC), Toyota Tsusho…
El Sewedy Cables to operate Libya plant by end-2011
Egyptian group El Sewedy Cables said on Monday it would set up a cable manufacturing plant in Libya by the end of 2011 with total investments of $50 million. "The…
TMG says starts sales at Saudi project
Egypt's biggest listed real estate developer Talaat Moustafa Group (TMG) has begun to sell units at a project in Saudi Arabia built with local partner Al Oula Real Estate Development,…
Egypt relaunches wastewater treatment plant tender
Egypt, which is seeking more private investment in social services and infrastructure, has re-opened a bid for a wastewater treatment plant as part of its public-private partnership program. The announcement…
Egypt court postpones hearing TMG, Palm Hills suits
CAIRO: An Egyptian court on Tuesday postponed till next month hearing a legal row over a Talaat Moustafa (TMG) land contract, a case analysts say could slow property investment as…
Whose corporate social responsibility?
NEW YORK: Increasingly, corporations are under pressure, often from activist non-governmental organizations, to take on specific “corporate social responsibility” (CSR) obligations. But the fact that CSR is being demanded, and…
