A new path to a low-carbon economy
NEW YORK: The solution to manmade climate change depends on the transition to electricity production that, unlike burning oil, natural gas, and coal, emits little or no carbon dioxide…
Chart Inds wins MidEast contract, raises FY view
Engineered equipment maker Chart Industries Inc said its energy and chemicals business won a $22 million contract in the Middle East, one of its biggest deals in that division for…
Egypt seeks Japan loan for fourth metro line
Egypt said it was seeking funding for the initial phase of the fourth underground metro line, a source at the Ministry of Transport told Al-Masry Al-Youm newspaper. The new metro…
Jordan looking to ink new gas deal with Egypt
Jordan is may sign an agreement with Egypt to boost natural gas supplies to the Kingdom, an official said on Wednesday according to a Zawya report. At a conference, Jordan’s…
Carlyle Group eyeing Egypt, Morocco investments
US buyout fund Carlyle Group plans to invest about $300 million in the Middle East and North Africa within the next two years and is looking at opportunities in Egypt…
Egyptian lawyer contests EGTS land deal
CAIRO: An Egyptian lawyer has filed suit against Egypt's prime minister and tourism minister challenging a deal with real estate firm Egyptian Resorts, the latest attack on state land sales…
Egypt firm buys Saudi stake in retailer Effendi
CAIRO: Egypt's Arabiyya Lel Estithmaraat bought an 85 percent stake in the historic Omar Effendi department store chain, the private investment firm's chairman said on Thursday. Mohamed Metwalli gave no…
For Egypt investors, growth trumps political risks
CAIRO: Sprightly economic growth is keeping foreign investors upbeat on Egypt, outweighing uncertainty over the future leadership and concerns that soaring food prices could cause unrest. Inflows of foreign cash…
Al-Dostor journalists fired for missing work, says Edward
CAIRO: Several Al-Dostor journalists were fired on Thursday, which the independent daily’s owner says was due to missing work for a number of days surpassing that which is legally permitted.…
Healthcare private and public partnerships improving, say experts
CAIRO: Healthcare partnerships between the public and the private sectors in Egypt has improved dramatically over the past few years, a conference concluded Wednesday, urging both sectors to capitalize on…