One-day meat boycott a success, says ECTE
CAIRO: Over 1,200 food outlets, restaurants and hotels boycotted red meat on Monday to protest the recent hike in prices, according to Wagdy El-Kirdany, chairman of the Egyptian Chamber of…
Sudan vote winner Beshir to visit Egypt
KHARTOUM: President Omar Al-Bashir arrived in Egypt on Tuesday for talks with his Egyptian counterpart Hosni Mubarak, after being declared winner in Sudan's landmark elections, the official SUNA agency said.…
Admin court freezes decree on medicine prices
CAIRO: Cairo’s Administrative Court yesterday ordered that the government freeze the application of a Ministry of Health decree passed last year that radically altered the way medicines are priced. “This…
Better Home: Selling a better lifestyle
Despite the growth Egypt’s real estate market has seen over the past few years, supply has yet to catch up with demand. New developments and a buzz of construction activities…
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'…