Egypt stocks up on foreign buying
CAIRO: Egyptian stock indexes rose for a second day on Thursday, boosted by strong results by market heavyweight Orascom Construction Industries (OCI) and an influx of foreign investors buying into…
Arab economic summit to focus on poverty
KUWAIT CITY: The first ever Arab economic summit, to be hosted by Kuwait in January, will focus on worsening poverty and unemployment in the Arab world, and boosting inter-Arab trade,…
Defiers of Israel's Gaza blockade leave for Cyprus
GAZA CITY: A human rights group says two boats have departed for Cyprus from Gaza, carrying dozens of international activists who defied Israel's blockade of the coastal strip.They say seven…
Government criticized for using foreign experts
CAIRO: The National Regulatory Authority for Drinking Water and Sewage came under attack after an announcement that it was seeking the help of foreign experts to determine the value of…
Armani to design villas in Marassi
CAIRO: Emaar Properties is bringing The Armani Residences to Marassi, the company's flagship resort development on the North Coast. Designed by fashion icon Giorgio Armani, this will be the first…
US grants will fund renewable energy, aviation development in Egypt
CAIRO: United States Ambassador to Egypt Margaret Scobey signed two grants on Wednesday worth $617,038, which aim to boost Egypt's aviation and renewable energy industries.The grants, awarded by the United…
OCI reports 220 pct rise in Q2 net income
CAIRO: Orascom Construction Industries (OCI), Egypt's largest builder by market value, said on Thursday second-quarter net income from continuing operations more than tripled to $239.5 million. The figure was substantially…
An alternative sound of the real Egypt
While crowds of shiny happy people rushed to the Queen tribute concert at the air conditioned Wisdom Hall of Sawy Culture Center last Wednesday, a handful made their way to…
A bleak view from an Egyptian Dystopia
The Utopia, the ideal society, in Ahmed Khaled Tawfiq s new best-selling novel Utopia is, in fact, a dystopia: the most imperfect state. Tawfiq portrays a near-future Egypt divided in…
It's not just about lines: The shadow of geometry
Geometry is "not just about lines, says architect Yahia Shawkat. Besides "anchoring the building to the land, these same lines could form "a cosmic link with the angles of the…