Accused Egyptian man denies raping children in Kuwait
KUWAIT CITY: An Egyptian man accused of raping up to 20 children in Kuwait denied all charges in court Tuesday telling the judge he had confessed under torture. Jihad Al-Saadi,…
FDI moves beyond traditional sectors
CAIRO: With foreign direct investments (FDI) surging to $11.1 billion during the fiscal year 2006/07 - up 81.7 percent from the previous year - the country must be doing something…
Egypt wary of 'missed opportunity' at Mideast conference
ALEXANDRIA: President Hosni Mubarak met a string of foreign dignitaries and diplomats on Tuesday in a bid to avert what he called "another lost opportunity at a US-sponsored Mideast peace…
Muslim Brotherhood: third detainee in 'critical condition,' denied treatment
CAIRO: A third detained member of the Muslim Brotherhood (MB) has been admitted to the intensive care unit at Manial University Hospital after developing a serious heart condition in Tora…
Sodic defends real estate boom
CAIRO: With an increasing number of development projects - both in residential and retail sectors - skeptical views claim the current real estate boom is only a bubble and fear…
The trickle-down effect, moving slowly but surely
CAIRO: For the average citizen to feel confident and optimistic about Egypt's economic progress, it will require empowering those who lack proper skills and training in the labor market, said…
Euromoney opens on a high note
CAIRO: "Egypt has never had it so good, said Richard Ensor in his opening speech at the Euromoney Egypt 2007 conference Tuesday. Esnor, managing director of Euromoney Institutional Investor PLC,…
Upper Egypt farmers dip into agro-business, challenge social norms
CAIRO: Hunched over in a dark galabeya, Haj Gamal may appear an unlikely vector of economic reform. He has spent his entire life farming wheat and sugar cane in a…
Changing relations: banking and the people
CAIRO: There is a pressing need to spread awareness and educate Egyptian bank users, who have a lot of "distrust towards remote communication, said Mansour Guneidy, chairman of Market Insight…
Gulf investments in Egypt surge, research companies work to change domestic culture
CAIRO: A stable economy and a sound political regime have contributed to Egypt's role as a regional hub for Gulf investors in the Middle East and North Africa.In a workshop…