Deutche Bank expects Egypt to validate Madinaty contract
Deutche Bank said that new court hearing on Nov. 9 on TMG Holding’s Madinaty case is not surprising, according to a statement. In September, Hamdy El-Fakharany, who brought the case…
Intel reports $11 bln revenue
Intel Corporation reported this week third-quarter revenue of more than $11 billion, up 18 percent year-on –year, according to a statement. The company’s operating income was $4.1 billion and net…
Egypt to boost investments with Morocco
Minister of Trade and Industry Rachid Mohamed Rachid met with visiting Moroccan Foreign Trade Minister Abdellatif Maazouz on ways to boost trade and economic relations and increase joint investments. The…
CIB launches consumer banking leadership program
Commercial International Bank (CIB) launched a leadership program for the consumer banking industry which they say is the first of its kind in Egypt and MENA, according to a statement.…
Ahmadinejad hails Lebanon ‘resistance’ against Israel
BEIRUT: Iranian President Mahmoud Ahmadinejad hailed on Wednesday Lebanon's resistance against Israeli "aggression" as he began a visit that will take him to the border of the Jewish state. He…
Ezz Steel pulls Egypt index higher
Shares in Egypt's largest steel producer Ezz Steel posted their biggest single day gain in nearly five months, boosted by market speculation the firm may soon bid for a new…
When marijuana is legal
BRISBANE: What will happen if Californians votes this November to legalize marijuana use by any adult over the age of 21 years? Let’s ignore for the moment the vexed constitutional…
What have climate activists learned?
COPENHAGEN: Advocates of drastic cuts in carbon-dioxide emissions now speak a lot less than they once did about climate change. Climate campaigners changed their approach after the collapse of the…
Floods reveal political opportunities in Pakistan
BERLIN: Pakistan’s floods have probably been the biggest natural calamity ever faced by a democracy. Beyond the immediate human suffering, they could become a tragedy for Pakistan’s political development. Pakistan…
How to prevent a currency war
BERKELEY: Three years into the financial crisis, one might think that the world could put Great Depression analogies behind it. But they are back, and with more force than ever.…