The turbulent history of Klimt’s Nazi-seized works
On the 100th anniversary of Gustav Klimt's death, two restitution cases illustrate how returning paintings to the heirs of the original Jewish owners remains a tangled process.The "Beethoven Frieze" by…
CBE governor reveals secret of FX reserves hike in January 2018
CBE, banks proceeds amount to $5.6bn in January, Paris Club premiums down to $350m, including $60m paid in December 2017, $290m in January
Egy Pack achieved sales of EGP 2bn in 2017
Egy Pack for packaging achieved sales of EGP 2bn last year. Raafat Shafik, head of sales, said that the company aims to maintain the same sales of last year, despite…
Lack of information on land in Egypt leads to wasted resources
Member of the housing committee of parliament Mohamed Khalifa said that the lack of information about land in Egypt leads to the loss of resources in the process of providing…
Capital Real Estate establishes new company to market administrative, commercial projects
Capital Commercial begins activities by marketing two projects in New Administrative Capital, Sixth of October
Ryanair profit surges despite flight cancellations
Europe's largest budget airline has reported a surge in quarterly profits. The positive result came despite a flight cancellation crisis that had hit Ryanair after the airline had rostering problems…
11m real estate units in Egypt vacant: MENA for Development Consultancy
Fathallah Fawzy, chairperson of Mena for Development Consultancy, said that vacant real estate units in Egyptreached 11m, 40% of them within the old rental system, while the percentage in cities…
Nissan, Dongfeng to invest heavily in e-cars in China
Together with its joint venture on the ground, Japanese automaker Nissan is to make a multi-billion-dollar investment in the production of e-cars in China. Beijing's e-car quota system goes into…
Investors praise current economic reforms taken by Egyptian government
Chairperson of Rotana Hotel Management Corporation Nasser Al-Nowais said that there is great interest from the Egyptian government in the Saudi private sector. Al-Nowais added, during the 3rd Egypt Investment…
Transport Ministry seeks to move 25m tonnes of goods by railway by 2022
Minister of Transport Hisham Arafat said that the coming period will include the enactment of new legislation allowing investors to partner with the state on railway projects, and that the…