Cairo’s garbage collectors still struggling from slashed incomes
By Amr Ramadan CAIRO: For the past two years, talk of the Egyptian economy being relatively shielded from the effects of the global economy crisis has been common among government officials,…
Titan eyes ready-mix to cement Egypt expansion
CAIRO: The Egyptian unit of Greek cement maker Titan will consider bidding in tenders to build new factories but is also growing rapidly in ready-mix cement to keep expanding while…
World Bank grants Egypt loan for railways upgrade
The World Bank has approved a $330 million loan for Egypt’s railways project, according to a statement, which will be used to finance the modernization of signaling along the Beni…
No changes to butane distribution prior to ministerial study
Egypt’s Cabinet has ruled out any change in the prices of butane or in the mechanism of distributing it prior to the completion of a study that is being conducted…
Toshiba to spend about $59 mln on Egypt TV plant
Japan's Toshiba Corp said on Thursday it would spend about 5 billion yen ($59 million) on setting up a liquid-crystal display TV plant in Egypt as a joint venture with…
EFG Hermes appoints new CEO of commercial banking
Regional investment bank EFG Hermes named Takis Arapoglou, former group chairman and CEO of the National Bank of Greece, as the firm’s new CEO of commercial banking. Arapoglou, formerly global…
Egypt dips; index wavers near 7,000 point
Egypt's benchmark index dropped 0.3 percent to 6,923 points as some investors reduced exposure to equities and the index struggled to break above a psychological barrier of 7,000 points, traders…
Mixed representation for Egyptian films in Dubai fest
With a staggering eight films participating in the fest’s numerous competitions and section, Egypt has made a triumphant return to Dubai with a solid selection of some of the most…
Masri snub Renard, name Geiger as new coach
CAIRO: Masri appointed Swiss Alain Geiger as their new coach on Wednesday, few days after announcing that Frenchman Herve Renard has taken up the vacant managerial seat. The Port Said-based…
Egypt, Algeria chiefs make peace in Qatar
CAIRO: Egyptian FA chairman Samir Zaher and his Algerian counterpart Mohamed Raouraoua have finally patched things up, following a meeting organized by Qatari football chiefs on Wednesday. Zaher and Raouraoua…
