Modest re-launch of film market aims to bring back revenues, credibility to festival
CAIRO: After a three-year absence, the film market returns to the Cairo International Film Festival in an attempt to attain credibility and attract funds."It is an industry. Industry means market…
A Lens to the Past: The changing face of society
During the first half of the 20th century, Egypt was undergoing a social transformation. Class barriers were being torn down, along with rural urban migration, the faces representing the different…
Alexandria, we hardly knew ya
CAIRO: While many of Naguib Mahfouz's most memorable characters stalked the back streets and alleys of Cairo, the Nobel laureate also had a soft spot for Egypt's second city."Alexandria was…
Banking shares lead Egypt's bourse up
CAIRO: Shares rose on Thursday, with shares in investment bank EFG-Hermes and Commercial International Bank (CIB) rising on rumors of a possible merger between them.A CIB official denied the rumor…
Twenty-five companies vie over Cairo underground access system deal
CAIRO: Twenty-five international technology companies have joined in the competition launched by the Cairo Metro Operation Agency for supplies and installation of passengers' access solutions using smart cards. The results…
Greece's Piraeus Bank increases stake in Egypt unit
CAIRO: Greece s Piraeus Bank raised its stake in Piraeus Bank Egypt, its subsidiary, by 1.9 percent to 95.3 percent by buying shares held by Libya s foreign investment company,…
GUPCO to receive a $50 mln marine drilling rig
CAIRO: The Gulf of Suez Petroleum Company (Gupco) will receive by the end of this year a marine drilling rig to drill up crude from the Red Sea. The drilling…
SidPec to set up two new factories at $65 mln investment costs
CAIRO: Sidi Krir Petrochemicals, SidPec Company, has started to set up a new plant that will produce butadiene for the first time in Egypt. Butadiene is an important industrial chemical…
Wind power could determine future energy needs
In contrast to traditional energy sources, wind farms offer clean, safe and renewable energyZAFARANA: Amid worldwide attention given to Egypt s emerging nuclear energy plans, German Ambassador Bernd Erbel visited…
