OCI leads Egypt's index, Juhayna recoups
Builder and fertilizer-maker Orascom Construction Industries (OCI) rose 1.3 percent, pushing Egypt's main index to a modest gain after it ended nearly flat in the two previous sessions. "Egypt's index…
Egypt to restore free zone status to refineries
Egypt's parliament has agreed to restore free zone status to oil refineries, newspapers reported on Wednesday, potentially removing a hurdle that had deterred foreign investment in the country's energy sector.…
Rice exports concluded for current season
New tenders to export Egyptian rice will not be held, as exports of the determined quantity for the current season came to an end, reported Al-Ahram newspaper quoting Advisor to…
Remco may build $250 mln cement plant
Remco for Touristic Villages Construction, the third-biggest publicly traded resorts company in Egypt, may build a $250 million cement plant and increase its capital by selling global depositary receipts. “We’re…
SODIC-led consortium wins tender for Mansoura retail center
A consortium led by Egyptian real estate developer SODIC has won a tender to develop a retail center in Mansoura, the firm said in a statement. SODIC said Tuesday that…
Egypt regulator plans assurance, fund rules
CAIRO: Egypt's market regulator aims to expand a limited assurance market by allowing more banks to sell life insurance products, a move that should encourage more Egyptians to get insured…
Cirque du Soleil creates quirky Canada vision for World Expo
At Canada's prism-shaped World Expo pavilion in Shanghai, dayglo-suited businessmen juggle bowling pins, royal guards march in "bearskin" hats made of flowers and hockey players zoom on roller blades. After…
COMMENTARY: Once again, Refugee Film Fest bridging divides
The Cairo Refugee Film Festival started last year as an initiative to celebrate World Refugee Day in June in a much more coherent and meaningful way. This week, the festival…
PA speaker rejects request to investigate 'abuse of power' by gov't officials
CAIRO: Parliament speaker Ahmed Fathy Sorour rejected a request by Muslim Brotherhood (MB) and independent MPs to carry out an investigation into alleged violations by current and past ministers in…
The heat age
BERLIN: This April was the hottest April on record, globally, for at least 130 years, according to the worldwide temperature records maintained by NASA and the US National Oceanic and…