Suez Canal June revs at $383.7 mln
Egypt's Suez Canal revenues rose 10 percent year-on-year to $383.7 million in June but fell from May, a state website showed on Tuesday. Some 1,482 vessels passed through…
Egypt real estate attractive, SODIC shines: Deutsche
Egypt's real estate sector is an attractive long-term prospect in an acutely undersupplied market, Deutsche Bank said in an initiation-of-coverage note that placed SODIC top among three main property…
BG Egypt to invest $2 bln on offshore pipeline, wells
CAIRO: BG Group's Egyptian subsidiary said it would invest $2 billion to install a pipeline and drill new wells off Egypt's Mediterranean coast to help meet the country's growing…
OPIC to invest $100 mln in Citadel funds
CAIRO: The Overseas Private Investment Corporation (OPIC), a US trade promotion agency, will invest $100 million in Citadel Capital’s funds. OPIC’s board of directors approved up to $100…
Syndicate supports lawsuit against TV promoting ‘unqualified’ medical advice
CAIRO: The case filed by an Egyptian woman against four satellite TV channels for promoting alternative medicine through “unqualified guests on their shows” has been postponed to November, head of…
Turkey’s most important agenda item
ISTANBUL, Turkey: In recent weeks, Turkey has been internationally reappraised after a Turkish Gaza-bound aid ship raided by Israeli troops led to nine deaths, and a Turkish-Brazilian brokered deal foreshadowed…
The nascent Liberian miracle
WASHINGTON, DC: In late 2003, Liberia began to emerge from two decades of brutal military government and civil war that had left the country with no functioning public services, spawned…
No to strategic suicide
The 2010 Nuclear Non-Proliferation Treaty Review Conference that ran for most of the month of May produced a final document adopted by the member states by consensus. Although the NPT…
Islam, the Founding Fathers and the 4th of July
WASHINGTON, DC: This Fourth of July, Americans gathered at barbeques, watched firework displays and remembered the men who assembled in Philadelphia to sign the Declaration of Independence in 1776. For…
Egypt raids tunnel to smuggle cars to Gaza
CAIRO: Egyptian authorities have discovered a tunnel being used to smuggle cars into the Gaza Strip while a smuggling operation was underway, the official MENA news agency reported on Tuesday.…
