Two Egyptian companies win start-up cash in business competition
CAIRO: Two Egyptian companies came in second and third place at the Massachusetts Institute of Technology (MIT) Business Plan Competition on June 4, winning a combined $20,000. The competition is…
Promoting trade between Egypt, Tunisia
The higher Egyptian-Tunisian Committee will meet in Cairo under the co-chairmanship of Egyptian Prime Minister Dr Ahmed Nazif and his Tunisian counterpart. The committee will discuss ways of…
Railway Authority to spend LE 40 billion on extending lines
An official at the Egyptian Railway Authority (ERA) announced the launching of a ten-year plan for a development project worth LE 40 billion in the period 2011-2020, reported Al-Mal newspaper.…
Alcotexa sells 1,238 T cotton in past week
Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 1,238 tons of cotton in the week that ended on June 5, an Alcotexa official told Reuters on Sunday. The sales…
Egypt's foreign reserves rise to 35.1 bln in May
Egypt's net foreign reserves were $35.1 billion in May, up from $34.65 billion a month earlier, state-run daily Al-Ahram said on Saturday citing a central bank report. Reserves came in…
Beshir snub proves ICC getting stronger in Africa, says HRW
KAMPALA: Uganda's decision to not invite Sudan's indicted leader Omar El-Beshir to a summit in Kampala proves the International Criminal Court is gaining strength in Africa, Human Rights Watch said…
Juhayna IPO shares at LE 5.64 each
Egyptian dairy and juice maker Juhayna is offering 206 million shares at LE 5.64 ($1) each to raise LE 1.16 billion, it said in an announcement published in a newspaper…
DR Congo police chief suspended, says minister
KINSHASA: The chief of police in the Democratic Republic of Congo has been suspended and several officers arrested in the probe into the death of leading human rights campaigner Floribert…
Skipper tells of high-sea horror when Israeli forces swooped
NICOSIA: The captain of one of six boats in a flotilla raided by Israeli forces to prevent aid reaching Gaza said commandos roughed up women passengers and humiliated others, in…
Yemeni officer, soldier die in suspected Qaeda ambush
SANAA: Gunmen suspected of belonging to al Qaeda killed a senior army officer and a soldier when they ambushed their convoy in Yemen's eastern province of Maarib on Saturday, a…