Zamalek players prohibited from making interviews
CAIRO: Zamalek players have been prohibited from holding press interviews without taking the club s permission.The Cairo giants said on Sunday that any player who violates the new rule will…
Egypt stocks shave off 0.7 pct after late sell-off
CAIRO: Egypt s main stock index the CASE 30 closed slightly lower on Monday, as a dip in market heavyweight Orascom Construction Industries triggered light retail selling late in the…
Policeman shot in North Sinai, fears that culprit may escape through tunnel to Gaza
CAIRO: A policeman was shot in North Sinai Sunday night while in pursuit of a fugitive who escaped, amidst fears that he may escape through an underground tunnel into Gaza.Diaa…
Israel's Peres to meet Mubarak in Egypt
JERUSALEM: Israeli President Shimon Peres will head to Egypt this week to meet with Egyptian President Hosni Mubarak.Peres office said Monday that the two leaders would meet Thursday in the…
Special Euromoney Coverage: prepares to weather global economic meltdown
CAIRO: On the morning of Monday Sept. 15, the board of directors of venerable investment bank Lehman Brothers, which had been in frantic meetings all weekend, decided to declare Chapter…
Special Euromoney Coverage: What makes the lights flicker: Energy in Egypt and where it's heading
CAIRO: In the great lottery of modern energy resources, Egypt's neighbors have been lucky. Saudi Arabia, Iraq and Algeria, for example, were blessed with vast oil reserves; Egypt was not,…
Special Euromoney Coverage: Egypt's mortgage securitization hopes not to repeat US mistakes
CAIRO: Seemingly unabated by the mortgage-related crisis that blew up in the USA, Egyptian banks have started to engage in the securitization of mortgages. Bankers at a workshop organized by…
Special Euromoney Coverage: Lessons learned from Egypt's energy leaders
CAIRO: Egypt's energy sector gradually opened up to private investment in the last 10 years, which is emblematic of a fate touching more and more segments of the country's economy.…
Special Euromoney Coverage: Bridging the gap between banks and SMEs
CAIRO: Small- and medium-sized enterprises (SMEs) are a key contributor to GDP growth and job creation in Egypt. How to harness their potential was the main issue at stake in…
Special Euromoney Coverage: Timing is everything when it comes to IPOs
CAIRO: Want to venture into a successful initial public offering (IPO)? Timing, pricing, and distribution are essential elements.Panelists at a workshop Monday explained that a successful IPO has to take…