New players compete in telecom market
CAIRO: Since the last World Economic Forum on the Middle East in Sharm El-Sheihk took place in 2006, the telecommunications sector has expanded faster than any other industry in the…
As Western industry fades, Egypt tries to keep up with Asia in picking up the slack
CAIRO: Egypt wants to host your factory. This message resounds clearly enough throughout the heaps of state pamphlets and press releases published in the past year, most heralding industry as…
Staying on top of the competition
My job is to care for consumers and make sure they are not abused by the dominant positions of a few business players subjecting them to unreasonable prices or the…
Slaying the myths of bricks and mortar
CAIRO: Against a global background of house price slumps and the great Western recession, those ubiquitous vistas of real estate projects that dominate the Egyptian horizon might now seem in…
SECTOR SNAPSHOT: Is the construction sector threatened by high prices?
Complementing the boom in the real estate sector, the construction domain has also experienced a notable surge; however, the continuity of this upward trend remains in question by many analysts.…
Training the labor force of a growing economy
CAIRO: In his jeans and modest T-shirt, Ayman, 23, is listening attentively together with his colleagues to their instructor. Around 25 men in their 20s are seated in the neat,…
Trade agreements back up reforms
Since 2004, Egypt has been one of the Middle East's fastest growing economies. The International Monetary Fund's annual economic health check attributed the impressive economic growth to a winning combination…
1.5 tons of marijuana seized in Sinai
CAIRO: Authorities discovered four marijuana fields in the Sinai peninsula and seized 1.5 tons of marijuana elsewhere in the largely desert region on Thursday, a security source told AFP. Police…
Millionaire fraudster jailed for a millennium
CAIRO: An Egyptian man was sentenced to 1,000 years behind bars on Thursday after scamming hundreds of people out of LE 280 million (around $52 million), a court official said.The…