Muslim Brotherhood reconsiders refusal to participate in Jan 25 demo
By Heba Fahmy CAIRO: The Muslim Brotherhood said Thursday it’s reconsidering its refusal to participate in the demonstration on Jan. 25 titled “the Egyptian Day of Uprising”.. Prominent MB leader Essam…
Global governance incapable of mitigating risks, warns report
CAIRO: Global governance is increasingly unequipped to curb an array of arising risks, warned the “Global Risks 2011” report, issued by the World Economic Forum last week. “The benefits of…
Decision to remove billboards in downtown Cairo irks ad agencies
CAIRO: Advertising billboards perched on downtown Cairo’s buildings are being removed, as per a decision this week by Governor Abdel Azim Wazir, according to local reports. The aim is reportedly…
Egypt’s EFG seeks more acquisitions, eyes bonds
SHARM EL-SHEIKH: Cash-rich EFG-Hermes, Egypt's biggest investment bank, said it was seeking more acquisitions after buying a 65 percent stake in Lebanon's Credit Libanais late last year. The Cairo-based bank,…
EFG Hermes Securities Brokerage ranks high in Egypt, UAE
Regional investment bank EFG Hermes said that EFG Hermes Securities Brokerage was ranked the number one broker in Egypt and the United Arab Emirates (combining the ADX and DFM), according…
Egypt not eyeing ‘long-term’ wheat contracts: Bloomberg
Egypt, the world’s largest wheat importer, has no interest in “long-term” contracts to buy the grain, said Nomani Nasr Nomani, vice chairman of state grain buyer General Authority for Supply…
Egypt housing body plans $3.4 bln projects: paper
The Egyptian government's New Urban Communities Authority (NUCA) said it will launch real estate investment projects worth LE 20 billion ($3.44 billion) near Cairo, a newspaper said on Wednesday. "The…
EFG Hermes sees pound at 6 to dollar by mid-2011
EFG Hermes forecast that the Egyptian pound will weaken to 6.00 against the dollar by mid-2011, saying high inflation is likely to prompt the central bank to allow weakness to…
Social solidarity ministry to issue ration cards to individuals
CAIRO: In an effort to further broaden the social security network, the Ministry of Social Solidarity will begin issuing individual ration cards for citizens who move out of their family’s…
Dubai house prices set to fall another 10 pct
DUBAI: Dubai house prices, already nearly 60 percent off their peak, are set to drop another 10 percent over the next two years as new units are released onto a…