Computer virus infects Lebanon
A computer virus in Lebanon is threatening to destroy the country’s banking system, the Lebanese Daily Star reported. The virus, called Gauss, is rare in size and focus. The size…
Heat wave hits Algeria
Last week Algerians attacked governmental institutions and private corporations who are seen as responsible for power outages plaguing the nation. On Friday, many businesses closed because of the heat, reported…
Editor’s letter: The Egyptian politics of ‘either-or’
Political divergence between those supporting the Muslim Brotherhood and those supporting the Supreme Council of Armed Forces (SCAF) has reached a peak since President Mohamed Morsy officially came to power.…
Sinai: Unanswered questions
Like many other Egyptians, the attack on the Egyptian soldiers in Sinai last Sunday took me by surprise. The cause of my surprise was not the timing of the attack…
Finance Ministry issues EGP 4.5b in treasury bonds
By Asmaa Nabil The Central Bank of Egypt (CBE) is to issue treasury bonds today valued at EGP 4.6 billion. The first treasury bond is valued at EGP 1 billion,…
SMEs receive special treatment from the National Bank of Egypt
By Walid Abdelazeem The National Bank of Egypt (NBE) revealed that by the end of 2011, the bank will have financed small and medium enterprises (SMEs) to a total amount…
Real estate developers invest EGP 500m in New Cairo
The Council Director of the New Cairo District, Kamal Fahmi, revealed that 13 real estate development companies have benefitted from the financing leeway put in place during Prime Minister Ganzouri’s…
Ministries to launch an Intelligent Transportation System collaboratively
By Mohamed Radwan The Ministries of Communications and Transportation plan to restructure the transportation system in Egypt by launching an Intelligent Transportation System (ITS) in a number of Egyptian governorates.…
Qatar delegates meet in Egypt
The Emir of Qatar, Sheikh Hamad bin Khalifa Al-Thani, visited Cairo for the day Saturday to congratulate President Mohamed Morsy on his recent election victory. It was the first time…
Central Bank: annual inflation rate dropped by 6.34 percent during last month
The Central Bank of Egypt (CBE) announced that the primary annual inflation rates in Egypt declined by 6.34 percent last July, compared to 7.04 percent last June. In a statement…