Markets risk ECB disappointment after Draghi remarks
ECB chief Mario Draghi statement on doing whatever it takes to preserve the euro sent stock markets soaring and reduced Spanish borrowing costs
Luxury goods buck economic slowdown
Paris (AFP) — Fuelled by surging demand in China, luxury goods makers are bucking the global economic slowdown and reaping huge profits on sales of high-end handbags, expensive jewellery and…
Controversy over Awqaf appointment continues
The appointment of Mohamed Yousri Ibrahim has been widely criticised by religious and political authorities.
Egyptian-Indonesian deal for new automobile frame factory
By Asmaa Nabil A coalition of the Indonesian company Multistrada and the Transport and Engineering Company, a subsidiary of the Chemical Industries Holding Company (CIHC), are studying a plan to…
Emirati real estate investment firm considers Egyptian market re-entry
By Mohamed Darwish Amlak, a real estate investment company based in the United Arab Emirates (UAE) is in the processof studying the possibility of entering the Egyptian real estate market…
National Bank for Development aids the completion of new electricity plant
The National Bank for Development (NBD) called on banks holding Islamic licenses to participate in granting an Islamic loan of $120 million to the East Delta Electricity Production Company (EDEPC).…
BP hit with $3.1bn Russian court bill
Moscow (AFP) — A Siberian court on Friday piled more legal pressure on BP by ordering the British group to pay $3.1 billion in damages for its attempted Arctic oil…
Constituent Assembly lives to fight another day
Administrative court postpones case for the Assembly’s dissolution until 24 September giving the assembly ample time to draft a new constitution
Bishop to tell Copts to emigrate
Controversial debates over religious aspects of constitution only further isolate Egypt’s Copts
Massive reshuffle underway in the Ministry of Interior
The Egyptian Interior Minister, Mohamed Ibrahim, announces the reassignment of 3,800 police officers across Egypt
