Egypt's Sawiris completes Greek telecom buy
Egyptian billionaire and Orascom Chairman Naguib Sawiris boosted his reach on Tuesday with a deal to buy out Tellas, Greece s second-largest phone company.Greek power utility Public Power Corp. (PPC),…
Increase in QIZ exports not enough, say industry players
Qualifying Industrial Zone (QIZ) exports have increased this quarter by 10.6 percent from $164.7 million to $182.3 million. While the increase in exports may seem substantial, Karim Shafie managing partner…
Banque Du Caire balance sheet reveals debt burden
CAIRO: The Cabinet released Banque Du Caire's balance sheet dated March 31, 2007, publicizing the bank's declining monetary status amid controversy surrounding plans to privatize the bank.According to the balance…
ILO, Suez Cement launch media campaign for occupational safety
CAIRO: The International Labor Organization (ILO) and the Suez Cement Company partnered to organize a multimedia advocacy campaign to spread awareness about workers' safety in the cement industry. Salamtak Bel…
UAE's Al Futtaim Group to invest LE12.5 bln in Egypt
CAIRO: Egyptian Prime Minister Ahmed Nazif and investors of the Dubai-based Al Futtaim Group agreed to a deal last Sunday that will pour LE 12.5 billion of investments in Egypt…
Palestinian women react to violence
Associated PressViolence haunts the four Palestinian women occupying an anteroom of the afterlife, a halfway house to a heaven they hope will provide the answers to all their fears.These souls…
Quilting across the region
If a diplomatic life means constantly moving and upending your routines, then Jenny Bowker has bucked the trend. The wife of Australian Ambassador to Egypt Robert Bowker is an expert…
Turkey: A maturing democracy
ISTANBUL: Despite efforts by political rivals to spin the July 22 elections as a confrontation between Islamism and secularism (and the convenient adoption of this rhetoric by some in Europe…
The Kouchner Conversion
French President Nicolas Sarkozy's appointment of Bernard Kouchner as France's foreign minister was a brilliant political stroke. Having beaten his Socialist rival, Ségolène Royal, Sarkozy decided to compound the Socialists'…
Peace, please, for Palestine, Mr President!
Palestinian President Mahmoud Abbas and Israeli Premier Olmert are reported to be engaged in secret negotiations. Saudi Foreign Minister Prince Saud al-Faisal has just agreed in principle to take part…