Ancient city by the sea rises amid Egypt’s resorts
MARINA: Today, it's a sprawl of luxury vacation homes where Egypt's wealthy play on the white beaches of the Mediterranean coast. But 2,000 years ago, this was a thriving Greco-Roman…
Google’s volunteer-based initiative to boost translation of health info
CAIRO: Google.org recently launched Health Speaks, an initiative which encourages community-based, crowd-sourced translations of health information with the assistance of Google Translator Toolkit. Health Speaks pilot programs for Arabic, Hindi…
Dubai World reaches $24.9 bln debt deal
DUBAI: State-owned conglomerate Dubai World reached a formal deal to restructure almost $25 billion of liabilities, partly easing recently heightened concerns over the Gulf emirate's debt woes. While Dubai World's…
Egypt transport chiefs to seek French investment: agency
CAIRO: Egyptian transport officials including the transport minister will visit France next week to discuss potential investment in subway, rail and other transport projects, the state news agency said on…
Diwan partners with Souq.com
Bookshop chain Diwan Bookstores launched its online store on Souq.com, a leading e-commerce marketplace in the Arab world, through an alliance between the two parties, according to a statement. Diwan…
Kabo 2009 net loss $2.3 mln: bourse
Egyptian garment maker El Nasr Clothing & Textile Co. (Kabo) reported a net loss for the year to the end of June of LE 13.3 million ($2.3 million), the stock…
Egypt not to impose customs duties on Turkish steel imports
The International Conventions Sector of Egypt’s Ministry of Trade and Industry rejected demands from rebar producers to re-impose a 10 percent customs duty on imported rebar, Arab Steel reported. The…
Sawiris says committed to Italy telecoms
Egyptian tycoon Naguib Sawiris said on Thursday he was committed to the Italian telecoms market, amid speculation that Russian group Vimpelcom Ltd was in talks to buy assets from him.…
Egypt offers some 50,000 acres for farms: minister
Egypt will offer within days to lease 50,000 feddans (53,800 acres) for agri-business projects in North Sinai, the irrigation minister said on Thursday. The most populous Arab country said in…
Egypt plans to tender eight trade zones next month
Egypt's Trade Ministry plans to tender 500 million square meters of land for specialized trade zones next month, part of a plan to boost internal trade and lure more investment,…