The Arab Spring a year on: Mixed expectations amongst pundits and politicians
CAIRO: One is cautious while another remains optimistic, whereas the third remains ambitious. These viewpoints summarize the opinions of socio-economic experts Galal Amin and Saad-Eddin Ibrahim, and the Freedom and…
Housing minister says Egypt real estate climate stable
CAIRO: “Real estate investment will remain an icon among its peers in the Arab world,” said the country’s housing minister at a conference on Monday. Real estate is “connected to…
Egypt trims sale size of 5- and 7-year bonds
CAIRO: Egypt's central bank said it sold LE 2 billion ($331.2 million) in reopened five- and seven-year bonds on Monday, LE 1 billion less than what it had offered. The…
Abraaj Capital to acquire UK-based Aureos
DUBAI: Abraaj Capital said on Monday it will acquire specialist fund Aureos Capital, in the latest bid by the Middle East's largest private equity firm to expand its geographical footprint.…
Egypt delegation meets Swedish textile sector
CAIRO: A delegation of Egyptian textile industry insiders visited Sweden earlier this month to explore opportunities for bilateral cooperation in the field. The visit is one of the initiatives launched…
Egypt expects $8 bln in petroleum investments, says minister
CAIRO: International investors have pledged $8 billion in petroleum investments this year, said Egypt’s Petroleum Minister Abdallah Ghorab at a conference on Monday. Ghorab opened the North Africa Technical Conference…
At business forum, McCain says US-Egypt relations ‘changing’
CAIRO: Joined by US Senator John McCain, some of the largest American companies in Egypt met in Cairo on Monday to discuss economic partnerships, particularly underlining supply chain opportunities. Ahead…
Presidential election results before June 30, says election committee
CAIRO: The results of run-offs in Egypt’s first post-Mubarak presidential election will be announced before the end of June, the supervising committee said on Sunday. Farouk Sultan, head of the…
Government apologizes to PA for minister’s provocation
CAIRO: Minister of Parliamentary Affairs Mohamed Atteya apologized Sunday to the People's Assembly on behalf of Minister of Social Solidarity Gouda Abdel Khaleq, who had earlier lashed out at an…
Egypt gunmen storm courthouse in southern city
CAIRO: Gunmen stormed a courthouse in the southern city of Aswan to free two men who had just been sentenced on drugs charges on Sunday, a security official said, in…