Egypt’s wheat procurement prices short of farmers’ expectations
CAIRO: Local wheat procurement prices for the new season would not be less than LE 300 per ardab, local press reports quoted Minister of Agriculture Amin Abaza as saying Monday.…
Soldier dies on border after being run over by armored vehicle
CAIRO: An Egyptian soldier was killed in an accident on the border near Rafah after he was run over by an armored vehicle Sunday, according to official reports. Central Security…
HSBC voted ‘Best Cash Management Bank’
HSBC was voted ‘Best Cash Management Bank’ in the Middle East by a Euromoney customer poll, based on feedback from cash managers, treasurers and financial officers. Respondents were asked which…
Imara adds Egypt and Morocco to African broking
Frontier African financial services group Imara said on Tuesday it had added Egypt and Morocco to its regional stock-broking footprint, its first foray beyond a historical sub-Saharan focus. "Expansion…
Kuwait’s Kharafi to build two power plants in Egypt
Egypt's Electricity Ministry will sign a deal in days with Kuwait's Kharafi Group to build two power plants in Egypt with a combined capacity of 1,000 megawatts, a spokesman for…
CI Capital plans 3 funds, sees IPOs
CI Capital, the investment banking arm of Egypt's Commercial International Bank, plans to launch three new investment funds and is working on three initial public offerings to soak up liquidity,…
Even if peace talks fail, Palestine’s independence is inevitable
AMMAN: A Palestinian state is coming – it is just not clear whether it will result from the current peace talks. It is easy to be pessimistic, or even apathetic,…
The Hamas veto
GAZA CITY: The resumption of direct peace talks between the Palestinians and Israelis has broken 20 months of stalemate, and marked the entry of Prime Minister Binyamin Netanyahu into this…
Hindemith’s ‘Cardillac’ rings in new era at Vienna State Opera
A quiet revolution is taking place in the Vienna State Opera, one of the world's greatest opera houses, under its new chief, Frenchman Dominique Meyer. While Meyer, 55, officially took…
Mob storms Kuwaiti TV station critical of rulers
An armed mob stormed the offices of a privately owned Kuwaiti TV station and destroyed its equipment after the channel aired shows critical of the country's ruling family, employees said…
