USAID launches new Lotus Scholarship Program
CAIRO: The Lotus Scholarship Program (LSP), funded by USAID, granted 44 Egyptian students the opportunity to study in private Egyptian universities to pursue bachelor’s degrees in fields of study that…
Saudi uncovers first-ever pharaoh-culture antiquity
RIYADH: Saudi officials on Sunday announced the discovery of the country's first-ever artifact from pharaonic culture — a 3,100-year-old inscription carrying the signature of King Ramses III. The inscription was…
Activists to resort to ‘political blackmail’ to raise minimum wages
CAIRO: A number of labor activists said they would resort to “political blackmail” using the parliamentary and presidential elections as pressure to push for a higher minimum wages. …
Cisco, Xceed expand customer support in Egypt
Cisco and Xceed expanded on their 18 months of cooperation by enhancing their Customer Support Operation in Egypt by providing improved end-to-end customer support and employing a further 100 full-time…
Egypt opens AVEX 2010
Egyptian President Hosni Mubarak opened on Nov. 7 the fourth edition of the AVEX International Airshow in Sharm El-Sheikh Airport. The four-day biennial event is organized by Egypt’s Ministry of…
Orascom Dev nine-month revenue dips, net profit gains
Real estate and hotels firm Orascom Development posted a 9 percent drop in nine-month consolidated revenues on Monday, hit by a fluctuating Swiss currency. The Swiss-listed company, known mostly for…
Egypt buys 66,500 tons of rice from local market
Egypt's General Authority for Supply Commodities (GASC) said on Monday it had bought 66,500 tons of rice from the local market through a tender. Nomani Nomani, vice chairman of GASC,…
Lecico Q3 net profit rises 5 pct
Ceramics maker Lecico Egypt posted a 5 percent increase in third-quarter net profit on Monday, reversing a decline in the second quarter when it was hit by costs from a…
Egypt central bank did not intervene to back pound
CAIRO: The central bank did not intervene last week to help the Egyptian pound recover from a five-year low against the US dollar and is not targeting exchange rate levels…
One-off boosts Orascom Tel profit, Algeria subs fall
CAIRO: Egypt's Orascom Telecom, which may tie up with Russia's Vimpelcom to create the world's fifth-biggest mobile operator by subscribers, said on Sunday it returned to profit in the third…