Egypt state pension fund to invest in private sector
Egypt's state pension fund will begin directing billions of dollars into private investments when a new pension law comes into force in January 2012, the deputy finance minister said on…
Oil jumps to $81 on China, US data
LONDON: Oil rose on Friday to $81, a seven-week high, boosted by stronger-than-expected US and Chinese economic data which raised hopes of demand recovery in the world's largest consumers. China's…
SODIC says solution to land claims needed
CAIRO: Egyptian real estate company SODIC is not exposed to legal challenges to state land sales but wants a long-term solution to the disputes because they are slowing investment in…
Making Egypt ‘accessible’ for tourists
By Tamim Elyan Special to Daily News Egypt CAIRO: Claudia Ehlers has always dreamed of seeing the pyramids – a dream dismissed by almost everyone she told given…
Egypt to lease at least 200,000 acres of farms
Egypt will lease at least 200,000 acres of farmland this year for agri-business projects in North Sinai, the North Coast and Upper Egypt, the agriculture minister said on Wednesday. "We…
Dubai’s Nakheel says repaid $926 mln to trade creditors
Dubai developer Nakheel said on Thursday it repaid 3.4 billion dirhams ($925.9 million) it owes to trade creditors, as part of its debt repayment plan. "Nakheel has approximately 85 percent…
Misr Beni Suef Cement to make 1:1 bonus share issue
Egypt's Misr Beni Suef Cement (MBSC) will distribute a dividend on Oct. 14 of one share for every share held, the stock exchange said on Thursday. MBSC's shares edged down…
China’s great migration
BEIJING: China’s Henan province has a population of about 100 million — larger than that of most countries. In China’s administrative system, a province is at the highest level of…
Contador blames bad meat for positive doping test
PINTO, Spain: Alberto Contador blamed it all on a bad piece of filet mignon, and promised he would prevail in the end. The three-time Tour de France winner said contaminated…
Nadal thrills in Bangkok debut
BANGKOK: Rafael Nadal put on a typically commanding performance in his Bangkok debut on Thursday, the Spanish top seed progressing with the minimum of fuss in his first career match…
