China wealth fund to visit Egypt, says Mohieldin
CAIRO: The chairman of China's sovereign wealth fund, which manages $300 billion, will visit Egypt to discuss potential investments in the Arab world's most populous nation, the investment minister said…
Egypt, Jordan talk transport liberalization
CAIRO: The ministers of trade and transport from Egypt and Jordan met in Cairo Tuesday to further discuss a framework for liberalizing transportation and simplifying the transfer of goods via…
World Bank grants $30 mln loan for national sewage project
Minister of International Cooperation Fayza Aboul Naga signed a loan agreement with the World Bank worth $30 million to continue execution of the national sewage project, reported Al-Alam Al-Youm newspaper.…
Newspaper editor to stand trial for 'inciting public opinion against real estate tax'
CAIRO: Wael El-Ebrashi, editor-in-chief of independent Sawt El-Umma newspaper, will stand trial on July 18 at the Giza Criminal Court for charges of inciting the public against a new tax…
Mideast M&A drops in Q1, Egypt active: E&Y
Mergers and acquisitions values in the Middle East and North Africa fell 59 percent in the first quarter, but Egypt bucked the trend and is expected to remain active, an…
HDB first quarter profit tumbles
Egypt's Housing and Development Bank's (HDB) first quarter net profit tumbled 45 percent from the same period a year earlier, the bourse said on Monday. The firm made a consolidated…
Piraeus Bank Egypt raising capital by 35 mln euro
Piraeus Bank Egypt is to increase its capital by €35 million ($43 million) to expand its credit portfolio. The bank, almost fully owned by Greek group Piraeus Bank, will raise…
Orascom Tel down, investors seek deal news
Shares in Orascom Telecom (OT) ended down 4.4 percent, dumped by investors seeking updates on any other possible suitors after talks to sell assets to South Africa's MTN collapsed. "OT…
No more tomorrows for Orphan Annie comic strip
Little Orphan Annie, the plucky redheaded star of Broadway musical and comic strip fame, has run out of tomorrows — at least in print. The pop culture icon who sang…
Film stars captivate and capture Tonys
If you weren't watching the Tonys too carefully, you would have thought they had turned into the Oscars. Sunday's show was a night for celebrities and for the meaning of…
