Egypt at a crossroads
Seventeen months after the revolution, Egypt is vastly different from the country that existed the day hundreds of thousands of protesters took to the streets to overthrow the former dictatorial…
IMF Managing Director to visit Egypt
By Islam Serour Managing Director of the International Monetary Fund (IMF), Christine Lagarde, is scheduled to visit Cairo on 22 August for further discussions with President Mohamed Morsy over a…
British economy remains on course for more stimulus
AFP - Britain's recession-hit economy remained on course for more cash stimulus despite an improved employment backdrop, minutes from the Bank of England's latest monetary policy meeting showed Wednesday. Minutes…
Standard Chartered fined $340m over Iran deals
New York (AFP) - Standard Chartered has settled allegations that it helped Iranian clients dodge US sanctions, announcing a fine of $340 million from a New York banking watchdog. The…
Puccino’s lets KidZania® kids into secrets of delicious pizza making
KidZania® Cairo signed a cooperation agreement with Puccino’s whereby an Italian pizzeria will be established in the kids-scale city. Present at the signing ceremony were KidZania® Egypt Governor, Mr. Tarek…
Marriott teams up with Visa to offer free nights this summer
Leading hotel group Marriott International has teamed up with VISA in the Middle East and Africa to offer 3 nights stay for the price of 2, for the duration of…
Amer Group’s profits slump in first half
Amer Group made EGP 126.79 million net profits during the first half of 2012, a 37.1 percent decline compared to EGP 201.435 million in the same period last year. Riad…
Cement prices fall as military takes control of Sinai
By Islam Serour Falling cement prices are attributable to decreased demand and the destruction of smuggling tunnels between Gaza and Rafah, Ahmed Al-Zeiny, the head of the Construction Materials Department…
Minister of Industry: Government will protect domestic industries
By Mohamed Darwish Minister of Industry and Trade, Hatem Saleh, confirmed the Ministry will take measures to protect national industry. The Ministry hopes to put the Egyptian industrial sector on…
Presidential decision to drop debts of 41,000farmers
By Islam Serour The legal consultant to President Morsy, Mohamed Fouad Gadallah, announced that the president would issue a decision to drop agricultural debts owed by 41,000 farmers. “After meeting…