Mideast investors favor emerging debt, gold: J. Baer
DUBAI: Yield-seeking Middle East investors are chasing exposure to emerging markets amid a low interest rate environment in more developed nations, an official at Swiss private bank Julius Baer told…
Turkey’s role as East-West bridge must start at the grassroots
IZMIR, Turkey: During the Cold War years, Turkey found itself in a position — both economically and politically — to align with the West, although immediately after the end of…
TMG, PHD lead Egypt index to new 4-mth high
Property developers led Egypt's main index to a new four-month high after a state-appointed legal committee outlined a solution to a dispute over the land used by Talaat Moustafa for…
Egypt slides 11 places in competitiveness index
CAIRO: Egypt ranked number 81 in a global competitiveness index, dropping 11 places from last year. Out of 139 countries included in the 2010-11 Global Competitive Index (GCI) report, issued…
Canadian miner aims to repeat pharaohs’ success
Canadian mining company Nuinsco hopes to seal a concession agreement in Egypt's Eastern Desert before the year-end, allowing it to explore an area where pharaohs once dug up gold to…
Big money merges with big brother
PARIS: All over the world, internet users entertain romantic delusions about cyberspace. To most of us web surfers, the Internet provides a false sense of complete freedom, power, and anonymity.…
Heliopolis Housing not utilizing assets: CI Capital
CI Capital said Heliopolis Housing and Development’s intention to sell 109 land plots is negative, according to a report on Arab Finance. The news may initially appear positive, CI said,…
Experts search Egypt’s Pharaonic past for climate change fix
CAIRO: As world experts grapple with ways to contain global warming, researchers gathered in Egypt are seeking answers from the country's Pharaonic past to help tackle environmental problems of the…
European Commission ups allocation of Egypt grant
The European Commission approved the action plan for cooperation with Egypt, increasing its allocation of a €152 million grant, reported Al-Ahram newspaper. Fayza Abol Naga, minister of international cooperation, said…
Egypt Jul-Sept GDP growth at least 6 pct: PM
Egypt's prime minister said on Thursday that gross domestic product in the July to September quarter was expected to grow by an annualized 6 percent, up from 5.9 percent in…