Putting Timbuktu back on the map
BAMAKO: Abdelkader Haidara is a man who answers his emails quickly. But alongside his connections to the modern world, he is also at home in an entirely different epoch: the…
Fayyad's plan: development as leverage for independence
JERUSALEM: Much has been written about the plan proposed by the 13th Palestinian Government headed by Prime Minister Salam Fayyad for establishing the Palestinian state within two years. However, little…
Developers recognize need for low, middle-income housing
CAIRO: While the slowdown witnessed by Egypt’s real estate sector after the economic crisis was not as grave as expected, it has forced “developers to reevaluate what was going on…
Next Move boasts bigger, more lavish displays
CAIRO: Minister of Housing, Utilities and Urban Planning Ahmed El-Maghrabi opened Wednesday the 2010 edition of Next Move, the largest real estate investment and finance exhibition in Cairo. With more…
PHD launches new projects at Next Move
CAIRO: Egyptian real estate developer Palm Hills Developments (PHD) launched the Palm Hills Katameya Extension, a new residential real estate project in east Cairo and a new phase in Palm…
Orascom Development focuses on diversifying portfolio
CAIRO: Established in 1989, Orascom Development Holding has grown to formidable proportions. Part of Orascom’s strategy throughout these 20 years has been maintaining a diverse portfolio. “We are diversified. We…
Orascom Tel leads Egypt lower
Egypt's main index ended 0.7 percent lower as uncertainly continued over Orascom Telecom's (OT) potential deal with South Africa's MTN. OT's shares closed down 5.6 percent after Algeria announced it…
Alex Cement plans $442 mln rights issue
Egypt's Alexandria Cement received the go-ahead for a LE 2.45 billion ($442.1 million) rights issue scheduled to begin May 19, the stock exchange said on Wednesday. The transaction will pave…
Dubai World ups offer to lenders, says source
DUBAI: Dubai World, which is in talks to restructure $26 billion in debt, has made a revised offer to lenders but the sweetened deal is unlikely to satisfy banks, analysts…
Juhayna studying IPO go-ahead after fire
Egyptian dairy and juice maker Juhayna Food Industries said on Wednesday it was still deciding whether to go ahead with its initial public offering (IPO) after a fire in one…