Corecap launches the world's first Islamic private equity fund
DOHA: Corecap, the regional investment and advisory firm specialized in alternative investments, announced today the launch of its first $150 million Corecap Islamic private equity Fund I (Cipef I). Cipef…
Egypt to be outsourcing 'India of the Middle East'
Egypt is poised to become the India of the Middle East as it seeks to ramp up its share of the global outsourcing market, experts predict, according to reports by…
Egypt's EFG-Hermes to enter Qatar as joint venture
CAIRO: EFG-Hermes, Egypt s largest investment bank, said on Wednesday it would enter the Qatari market in a joint venture with an unnamed local Qatar company with start-up capital of…
Sodic back on top after poor performance last year
CAIRO: In a statement by the Cairo and Alexandria Stock Exchanges, the Sixth of October Development and Investment Company (Sodic) made a net profit of LE 50.52 million ($8.88 million)…
Ancient Egyptian martial art revived and revisited
The sport is, by some descriptions, a masculine and sometimes bloody martial art. More commonly, however, it is described as a quaint folkloric village dance. It is not a dance,…
THE REEL ESTATE: Lost in the Pirates' labyrinth
American critics attending the press screening of the third, and presumably the last, installment of the record-smashing Disney franchise Pirates of the Caribbean were given a notice asking (or rather…
Drug abuse in suburban Egypt tackled in short film
A worn-out looking man in his early 30s fumbles around for a lighter in the front room of his diminutive apartment. It s noon, it s bright outside, and the…
Strange Bedfellows: The US-Palestinian Axis
On an average-size map of the world, there is no space to mark the locations of the West Bank and the Gaza Strip. On one map, the former is outlined…
Perilous mission for underwater archaeologist
An excavator with diving skills and the courage to risk his own lifeALEXANDRIA: It was dangerously stormy weather and high waves lashed down on the small Pharos Island where the…
Scientist races to save Ancient Egypt
University of Alabama at Birmingham (UAB) Egyptologist Sarah Parcak, PhD, is in a race against time. In Egypt, thousands of known and unknown archaeological sites are at risk of destruction…