Gulf markets eye Greek vote, Egypt seen lower
DUBAI/CAIRO: Gulf fund managers, who had adopted defensive positions ahead of the…
Ethiopia plans power exports to neighbors
ADDIS ABABA: Ethiopia plans to sell power to Sudan, Yemen, Kenya and…
Gap to open its first stores in Africa
CAIRO: Clothing retailer Gap Inc will enter Africa this year, as part…
Arabtec Egypt wins contract for Emaar project: paper
CAIRO: Arabtec Egypt for Construction has won a LE 220 million ($36.9…
Olympic Group denies Ideal deal was undervalued
CAIRO: Olympic Group denied on Wednesday allegations that its 1997 purchase of…
Egypt, US companies partner on $3.5 bln petrochemical project
WASHINGTON DC: Amid heightened optimism about Egypt’s economic prospects at the “Egypt:…
Ethiopia to make ‘power hub’ with 4 new Nile dams
ADDIS ABABA: Ethiopia plans to become an African power hub by building…
Economic stability needed for democratization to succeed in Egypt: US official
By Brett Borkan CAIRO: The United States sees Egypt’s economic recovery as critical…
Egypt subsidies hinder World Bank’s social safety net programs
CAIRO: The World Bank’s Social Safety Net (SSN) programs, which are aimed…
Transfers ready but full-fledged mobile banking to take longer in Egypt
CAIRO: Egypt’s mobile phone subscriptions topped 74 million in April, an increase…