Economy will continue to grow despite global slowdown, says analyst
CAIRO: While the ripple effect of the US sub-prime crisis has reached the global economy, recent economic milestones indicate that Egypt is cushioned against the impacts of recession. "Egypt has…
Political stability key for Palestinian economy
Investment in the Palestinian territories is a double-edged sword. As with all areas of high risk there is always the promise of high return, yet a certain level of political…
'Ordinary' Arabs to retake internet: Wikipedia founder
An explosion in internet usage in the Middle East by ordinary people will show the world that the region is just like anywhere else, Wikipedia founder Jimmy Wales said on…
Leaders discuss impending global water crisis at WEF
Triggered by the rise in commodity prices, water scarcity and the high demand for food security, experts expressed the necessity for a series of policy reforms and investment flows to…
Innovative industry ideas get ministerial nod
The winners of Egypt's first Business Plan Competition for Industry were announced at an awards ceremony Monday at the World Economic Forum on the Middle East in Sharm El-Sheikh. Minister…
Fueling the future: towards sustainable energy
In a session discussing scenarios for sustainable energy titled "Fueling the Future, participants from leading energy companies and government representatives discussed the challenges that lie ahead.Springing from a notion that…
Bush fails to win Saudi help for oil increase big enough to cut high gasoline prices
RIYADH: President Bush failed to win the help he sought from Saudi Arabia to relieve skyrocketing American gas prices Friday, a setback for the former Texas oilman who took office…
Interpipe's results continue to improve in 2007
DUBAI: Interpipe Limited, a major global producer of steel pipes and railway wheels, announce its key financial results for 2007, reporting a growth in revenue and net profit by 24.3…
Dubai group acquires 49 pct stake in Sphinx Glass factory
CAIRO: Dubai Group, the diversified financial services company of Dubai Holding, has acquired a 49 percent in Egypt's Sphinx Glass Company in partnership with Cairo-based private equity firm Citadel Capital.Dubai…