Centurion Energy buys oil and gas sites
LONDON: Canadian-based Centurion Energy International Inc. said on Wednesday it had bought a private U.S. firm with oil and gas operations in Egypt and Texas for $225 million. Centurion, which…
Egypt offers to buy farm chickens due to bird flu
CAIRO: Egypt s government will buy all healthy chickens offered for sale by farmers until late March in a bid to support farms hard hit by the outbreak of bird…
Thirty-two held after sectarian clashes
CAIRO: Egypt s attorney general ordered 32 suspects remanded in custody Wednesday in connection with sectarian clashes south of Cairo that left eight people wounded. They included both Christians and…
Bird flu hits Egypt's multi-billion-dollar poultry industry
CAIRO: The sudden outbreak of avian influenza in Egypt has dealt a huge blow to the poultry industry, in a country which consumes 800 million birds a year and exports…
U.S. Middle East policy: Between Iraq and the hard guys
This week's visit to the region by Secretary of State Condoleezza Rice brings with it another reminder that U.S. Middle East policy is firmly wedged between Iraq and the hard…
Omar Effendi for sale
CAIRO: Minister of Investment Mahmoud Mohieddin announced last Monday that the employees of Omar Effendi, Egypt's largest state-owned department store chain, with more than 80 outlets, will retain their company…
Lebanon's BLOM eyes retail in its new Egypt market
CAIRO: Lebanese bank BLOM plans to double the number of branches at its newly acquired Egyptian operation to 16 in 2006, part of a plan to expand the retail business,…
Rice meets with democracy activists, adviser to top Islamic cleric
CAIRO: U.S. Secretary of State Condoleezza Rice met with democracy activists Wednesday as she continued a Mideast trip complicated by disagreements over the militant group Hamas. For the first time,…
Opposition leader seeks nuclear reactors
CAIRO: Imprisoned opposition leader Ayman Nour asked U.S. Secretary of State Condoleezza Rice on Wednesday to look into whether Egypt can benefit from a U.S. offer to help developing countries…
Government to spend LE 1 billion on bad loans to small and medium businesses
CAIRO: Minister of Finance Youssef Boutros-Ghali announced that the government has earmarked LE 1 billion for non-performing loans of small and medium sized businesses.Speaking at a meeting of the American…
