UNFPA highlights challenges, opportunities as population reaches 7 bln
CAIRO: With the world’s population projected to have reached seven billion this month, a report found that additional investments in youth and reinforcing equality between men and women are essential…
Citadel to scale back new investments
CAIRO: Egypt's Citadel Capital plans to scale back investments outside its existing projects until the political and economic outlook becomes clearer, its chairman told Reuters. The private equity firm which…
Nasr City beats downturn with mid-income homes
CAIRO: Madinet Nasr Housing plans to launch two building projects early next year and said demand for its middle income homes was holding steady despite a broad downturn in Egypt's…
Arab delegation presses Syria’s Assad on violence
BEIRUT: Senior Arab officials visiting Syria pressed President Bashar Assad on Wednesday to start a dialogue with the opposition, hours after tens of thousands packed a Damascus square to show…
Egypt wants French wheat but at better price
CAIRO: Egypt, the world's biggest wheat importer, is keen to buy French grain but would like it more competitively priced at international tenders, the main state buyer said on Tuesday.…
Mobinil posts 96 pct drop in Q3 profits y-o-y
CAIRO: Egypt's Mobinil posted a 96 percent fall in year-on-year third quarter net profit to LE 10 million ($1.6 million) on Tuesday, but reversed a loss from the previous quarter.…
Egypt bourse says vote timing crucial, not result
CAIRO: Investors waiting for the right moment to return to Egypt are focusing more on when and whether elections happen than the kind of parliament and government they bring, the…
Yemeni women burn their veils to protest crackdown
SANAA: Hundreds of Yemeni women on Wednesday set fire to traditional female veils to protest the government's brutal crackdown against the country's popular uprising, as overnight clashes in the capital…
Palestinians seek UNESCO vote despite US opposition
RAMALLAH: The Palestinians will seek a vote on their bid for full membership of UNESCO on Oct. 30, Foreign Minister Riyal al-Malki said on Wednesday, despite what he called US…
EBRD ready to work with civilian, democratic government in Egypt
CAIRO: Expecting to start “full investments” in Egypt by early next year, the European Bank for Reconstruction and Development (EBRD) stressed the urgency for a civilian government in Egypt. “We…