Social equality a looming problem in Egypt, say panelists
CAIRO: While panelists at a Euromoney conference applauded the government’s efforts to drive growth, there was an almost unanimous consensus that social inequality is a major concern for maintaining that…
Poverty alleviation, investment climate top Euromoney agenda
CAIRO: “We need to concentrate on two things: poverty alleviation and addressing education,” Minister of Finance Youssef Boutros-Ghali told a conference Tuesday. The minister outlined an ambitious plan to decrease…
Productivity of fruits, vegetables fall 70 pct
A report prepared by the Agricultural Research Center announced an annual fall in productivity of fruits and vegetables by 70 percent, reported Al-Masry Al-Youm newspaper, on the back of climate…
NBAD not ruling out another bond sale
National Bank of Abu Dhabi (NBAD) is not ruling out another bond sale this year, but pricing would have to be tighter than on the bank's previous issues, Reuters reported,…
Egypt, China sign trade MOU
Egypt’s Ministry of Trade and Industry and China’s Ministry of Industry and Information Technology signed a memorandum of understanding (MOU) to further bilateral economic cooperation. One of the possibilities discussed…
No new Egypt telecoms licenses seen before 2013-paper
Egypt is unlikely to offer a second fixed-line telephone license or a fourth mobile phone license before 2013, Egypt's telecommunications minister said in remarks published by the daily Al-Mal on…
Egypt says no change to TMG Madinaty terms: paper
Egypt will not change terms for a new contract for Talaat Moustafa's flagship Madinaty project and will take 7 percent of the project's completed housing units, as in the original…
Kuwait defends banning books at annual fair
KUWAIT CITY: Kuwait's information ministry on Tuesday dismissed criticism from liberal MPs for banning books from a fair due next month while Islamists praised the move. The ministry said in…
Israel navy halts Gaza-bound Jewish boat without violence
ASHDOD, Israel: Israeli naval forces on Tuesday intercepted a catamaran carrying nine Jewish activists toward the Gaza Strip, encountering no resistance as they took control of the sailboat and escorted…
The slave ethos and the African economy
DAKAR: The slump in prices for Africa’s natural resources, which led to chronic deficits in the past, has been reversed. Consumption, fueled by huge Asian demand for African commodities, is…