World-Cup Friday Preview: England, Algeria and more
CAPE TOWN, South Africa: For all the attention on Wayne Rooney and his bid to break his England goal scoring drought, the focus on Friday's World Cup match against Algeria…
World Cup anthems battle for fans' support
Never mind who wins on the field. There's another, more melodic, World Cup battle afoot — on the music charts, in the stands and blaring from radios and mobile phones…
Six Qs with FenMag.com
“Fen” is the Arabic word for “art,” and the driving force of the online zine, FenMag.com. A site that covers “all things Arab, American, and art,” FenMag was co-founded by…
Does a plan come together for the A-Team?
“I love it when a plan comes together.” This iconic phrase was first uttered by Colonel John 'Hannibal' Smith when “The A-Team” action series debuted on the NBC network in…
Food and music for thought
The Townhouse Gallery factory space was not originally intended as the location of the ongoing “Streets of Cairo” festival. Yet on Sunday — when a peaceful demonstration for the murder…
Egypt delays decision on energy subsidies
CAIRO: Egypt has delayed a final decision on reducing energy subsidies for non-intensive industries and is currently considering the speed at which said plans would be executed. Parliament talks regarding…
Subsidizing exports under value-added terms starts July
The new subsidy export system based on the share of value-added will be implemented starting July 2010, Al-Ahram reported. The budget of the Export Subsidy Fund will reach LE 4…
Egypt pound stabilizes after euro rally
The Egyptian pound, which has weakened steadily since May, stabilized at 5.6780, supported by a modest euro rally in the past week against the US dollar. Europe is Egypt's biggest…
HDB loan portfolio jumps 20 pct: paper
Housing and Development Bank’s retail loans portfolio grew to LE 2.5 billion last May, compared to LE 2.1 billion, a 20 percent increase, reported Al-Mal. HDB deputy chairman,…
Egypt refining co in advanced financing talks
Egypt-based private equity firm Citadel Capital said a company in which it is an investor was in advanced talks to secure $2.35 billion in financing for a refinery project in…