Arab Tourism Conference eyes more investment
Arab governments have been urged to work together to implement a simpler set of visa procedures for their citizens when they are traveling. Participants at a tourism conference in Alexandria…
HSBC names new global banking head for Mideast
HSBC said it had appointed a new head of its global banking and markets division for the Middle East and North Africa, who will focus on key markets in Saudi…
Fire destroys Egypt's Lecico warehouse
An export warehouse belonging to Egyptian sanitaryware and ceramics maker Lecico has been destroyed by a fire, the firm said in a statement issued on the stock exchange on Thursday.…
Egypt index inches up, Europe worries loom
Egypt's benchmark index rose 1.4 percent, cooling down after heavyweight Orascom Telecom pulled back from early gains to end up 1.3 percent. Traders said investors lack appetite for Egyptian stocks…
Former CMA chairman on economic growth, reforms and the future
CAIRO: At a time when many world markets were in recession, Egypt’s economy consistently recorded positive growth figures, above both analysts’ forecasts and government expectations. Despite the better-than-expected numbers, projections…
Egypt, EU take a step towards liberalizing trade
CAIRO: A newly-amended EU-Egypt Association Agreement seeks to further liberalize bilateral trade in agricultural, processed agricultural products and fish and fishery products. The agreement, which entered into force June 1,…
Attitudes towards women in senior positions shift slightly, says study
CAIRO: Attitudes towards women holding senior positions such as president, prime minister, governor, People’s Assembly or Shoura Council speaker or judge, have slightly shifted, a recent study revealed. The poll…
OT says MTN offered $7.8 bln for Algeria unit, eyes Syria
BEIRUT: South Africa's MTN has offered to pay $7.8 billion for Orascom Telecom's lucrative Algerian unit Djezzy, Orascom's chairman said on Wednesday, putting a price to a deal blocked by…
A stone's throw from the Nile, Egypt's taps are running dry
KIRDASA: Six months into her pregnancy, Tahani Rabia continues to ignore doctor's orders and rises before dawn every morning, praying that when she turns on the tap the water will…
Sri Lanka's False Dawn
NEW YORK: As the Sri Lankan government celebrates the first anniversary of its historic triumph over the Liberation Tigers of Tamil Eelam (LTTE), it is increasingly clear that the battlefield…