Israel allows some once-banned products into Gaza
JERUSALEM: Israeli and Palestinian officials say Israel has allowed some formerly banned food items into the Gaza Strip after widespread international criticism of its three-year-old blockade. Palestinian liaison official Raed…
CIB, Mansour Auto launch financing program
CAIRO: Commercial International Bank is partnering with Al-Mansour Automotive Company to provide various financing schemes to consumers looking to buy Opel and Chevrolet models. In a statement, the bank said…
Expansion of infrastructure projects on Egypt's agenda
Minister of Investment Mahmoud Mohieldin announced Tuesday that infrastructure projects account for 5 percent of investments in Egypt compared to 25-40 percent in South East Asia, reported Al-Ahram He added…
DP to expand Ain Sokhna Port
DP World will invest a total of LE 500 million to increase capacity of Ain Sokhna port. The company will take a LE 250 million loan from Commercial International Bank,…
Israel working out details of flotilla raid probe
JERUSALEM: Israel was working out details on Wednesday of a limited internal investigation into its deadly raid on a Gaza-bound flotilla and reportedly was considering easing its blockade of the…
Cargill Russia wheat ship to Egypt delayed: traders
A shipment of Russian wheat destined for a private wheat buyer in Egypt and handled by international commodity trade house Cargill has been delayed at a Russian port, European traders…
Egypt gives ArcelorMittal plant construction deadline
Egypt's Industrial Development Authority has given ArcelorMittal, the world's largest steel maker, an August deadline to start building work on a steel plant or lose its license, an official said…
Egypt regulator to appeal connection fee ruling-paper
Egypt's telecoms regulator will take further legal action to lower the fee Egypt's landline monopoly Telecom Egypt must pay to connect fixed-line calls to mobile phones, a newspaper reported on…
Mosque desecrated in northern Israel
JERUSALEM: Menacing Hebrew graffiti was found on a mosque outside the Israeli city of Haifa on Wednesday, a religious foundation said, amid rising threats against leaders of the country's Arab…
Egypt index inches up, OT and Ezz lead
Egypt's benchmark index edged up 0.6 percent, led by heavyweights Orascom Telecom (OT) and Ezz Steel as improving European markets brighten sentiment on Egyptian stocks. OT gained 1.2 percent, while…