HDB to use new capital to complete projects
CAIRO: Egypt s Housing and Development Bank (HDB) will use a LE 930 million ($170 million) capital increase to finish housing projects and expand retail operations, an adviser on the…
OCI net rises, fertilizer outlook positive
CAIRO: Egypt s biggest listed firm, Orascom Construction Industries (OCI), posted a 42 percent rise in quarterly profit after margins and prices improved, and said it saw fertilizer demand continuing…
Arab world says hopes in Obama are dwindling
BEIRUT: Arabs across the Middle East are unconvinced the United States will stand up to Israel despite Washington s rare public outrage over plans to build new Jewish homes in…
Ashton, in Gaza, condemns violence after fatal rocket fire
GAZA CITY: EU foreign policy chief Catherine Ashton condemned any kind of violence on Thursday after Palestinian militants in the Gaza Strip, where she was on a brief visit, fired…
Newspaper in hot water over reports of Wafd-NDP deal
CAIRO: Al-Wafd party is taking legal action against Al-Masry Al-Youm newspaper for what it considers the publication of false information regarding reports of the opposition party striking a covert deal…
Egypt summons Israeli diplomat over Jerusalem clashes
CAIRO: Egypt s foreign ministry summoned Israel s charge d affaires on Wednesday in protest at its provocative measures in occupied East Jerusalem, a day after hundreds of Palestinians clashed…
Egypt: Stimulus pressure
CAIRO: With the advent of the global financial crisis, most countries saw their construction activities grind to a halt as banks tightened lending. In this respect, Egypt is proving resilient;…
Finding Neverland in Cairo
Currently showing at the Palace of Arts at the Cairo Opera House is a refreshing little show titled "Capturing Neverland. Orchestrated by Sara Khazem, a Lebanese-American photographer, the show exhibits…
The beautiful loneliness of writing
A giant squid might never in its lifetime encounter another of its species. Pondering upon this most solitary of creatures, Sai is taken by melancholy. Yet even in the early…