Mortgage refinance company to lower lending rates to 11 percent
Company to offer primary lenders long-term financing at 9.5 percentCAIRO: The launch of the Egyptian Company for Mortgage Refinance (ECMR) will help lower lending rates to 11 percent, Minister of…
Business Recap: Suez Cement sales up, income down 10 percent
CAIRO: The country's largest cement producer, Suez Cement Group, announced final consolidated 2006 results Thursday showing a 51 percent increase in net sales and a higher profit margin, but a…
A stroll through Coptic Egypt's past and present
Easter is the time to commemorate the rich history of Christianity in Egypt"This area is called Tagamua' Al Adyan, a shop owner proudly boasts, using the Arabic term for "The…
Shia on the Rise
October 680 AD marked the separation of the Shias from mainstream Islam. It was then that Hussein, son of Ali, was martyred in the Battle of Karbala, losing his claim…
Climate woes plague Africa
JOHANNESBURG: Following months of erratic weather local authorities and aid agencies warn they are stretched beyond capacity in Southern Africa, where unusually heavy rains, a string of cyclones, severe flooding…
Child tests positive for bird flu
CAIRO: A two-year-old Egyptian girl has tested positive for bird flu, bringing to 33 the number of human cases in the country, the official Middle East News Agency (Mena) reported…
Swedish royal in Cairo as part of ME study tour
CAIRO: Crown Princess Victoria of Sweden paid a visit to Egypt as part of a one-year diplomatic training program run by the Swedish Ministry of Foreign Affairs.She was accompanied by…
Five thousands tons of wheat found infected with carcinogens
CAIRO: The economic committee in the People's Assembly advised the Egyptian government to destroy some five thousand tons of wheat which were reported to be infected with cancer-causing elements, the…
On the rise: Residential Tourism in Egypt
CAIRO: Residential tourism will be one of the main focuses of the tourism ministry in the coming years, said Minister of Tourism Mohammed Zoheir Garana. Garana made this statement at…