Proper property registration poses hurdle to mortgage finance
One of the main hurdles to the development of Egypt’s mortgage finance industry has been the erratic property registration practices in Egypt, insiders say. In 2001, the Egyptian government launched…
Next Move real estate conference kicks off
With a focus on attracting more foreign investments to balance the growth of residential and non-residential developments in the country, this year’s edition of Next Move opens today in Cairo.…
Amnesty raps European countries for sending back Iraqis
LONDON: Amnesty International accused five European countries Tuesday of breaching UN rules by forcibly repatriating Iraqis to dangerous parts of the war-scarred country. The rights group also warned that the…
Pentagon should probe journalists' deaths in Iraq, says watchdog
NEW YORK: The Committee to Protect Journalists urged the Pentagon Monday to investigate the death of journalists in Iraq at the hands of US forces in that country. In a…
Orascom Development calls off capital increase
Orascom Development Holding said on Tuesday it has called off a planned capital increase after detecting irregular trading activity in its shares listed on the Swiss stock exchange. The Swiss-based…
Mobinil Q1 net profit dips 2 pct to $64 mln
Egyptian mobile phone company Mobinil made first-quarter net profit of LE 357 million ($64 million), down 2 percent from a restated figure from a year earlier and far below analysts'…
Obama meets Muslim entrepreneurs in Washington summit
CAIRO: US President Barack Obama hosted a summit of entrepreneurs from 50 Muslim-majority nations Monday, in line with the administration’s strategy to mend ties with the Muslim world. The aim…
Orascom, MTN talking on Djezzy sale: Algeria govt
Egypt's Orascom Telecom is in talks to sell its Algerian unit Djezzy to MTN Group and the Algerian government takes a positive view of the sale, a senior government source…
Israel seeks to justify a new war on Lebanon, says Hariri
DOHA: Israel is seeking to justify a new war on Lebanon by alleging that Lebanese Shia group Hezbollah has obtained Scud missiles, Prime Minister Saad Hariri said in remarks to…
Iran's Mousavi, Karroubi call for demo on poll anniversary
TEHRAN: Iran's main opposition leaders called Tuesday for protests to mark the first anniversary of the June 12 disputed presidential vote, setting the scene for a fresh showdown with Islamic…