Taking art to the streets
A fusion of colors, sounds and scents promises to lure streetwalkers as Danes and Egyptians run joint workshops in the “Streets of Cairo.” Starting June 10, the 10-day event organized…
Experts weigh in on weakening Egyptian pound
CAIRO: The Egyptian pound has been weakening against the US dollar in the past weeks, reaching LE 5.6607 per dollar, following the euro's continued decline. Instability in European markets triggered…
Egyptian consumer confidence jumps in Q1 2010, finds survey
CAIRO: Egypt scored the highest rate of increase worldwide in the level of consumer confidence for the first quarter of 2010. Consumer confidence rose 24 points to reach 95, compared…
OCI to partner with HIL on India bids
CAIRO: Orascom Construction Industries (OCI), Egypt’s biggest listed builder, signed an MOU with India’s HCC Infrastructure Limited (HIL) to form a partnership to pursue infrastructure projects in India. …
Ten companies qualify for public-private thermal power plant
Ten local and foreign companies and consortiums, out of 19, have qualified for the establishment of the first thermal energy power plant in Egypt, with investments of $1.5 billion, under…
Seven trade zones, logistical centers worth LE 10 bln
Ministry of Trade and Industry officials announced the commencement of the first phase of the development of seven trade zones and logistical centers between the private sector and the government…
Air Arabia eyes fourth hub in Amman
Regional low-cost carrier Air Arabia will form a joint venture with Tantash Group, an Amman-based investment company, to launch Jordan’s first low-cost carrier. Air Arabia Jordan will provide…
Centamin Egypt ups resource estimates for Sukari
Centamin Egypt Ltd raised its estimated gold resources at its flagship Sukari gold project, lifting the miner's shares to a record high. Measured and indicated resource estimates were increased by…
Raya to build data center near Cairo
Egypt's Raya Holding has agreed to build New York-based technology firm GPX Global Systems Inc's second data center in Egypt, the two firms said on Tuesday. The center, to be…
Lawyers on strike Tuesday to protest 'unjust' detention of colleagues
CAIRO: Lawyers staged a national strike on Tuesday after two lawyers involved in an altercation with a district attorney were held on remand for four days. El-Sayyed El-Feqy, a lawyer…
