Share of low income groups from food subsidies rise: World Bank
A new World Bank study shows that measures taken by the Egyptian government in expanding the base, and better targeting food subsidies, over the past two years have led to…
JV to oversee Toyota SUV assembly in Egypt
Toyota’s "Fortuner" SUVs will be assembled in Egypt, with a planned annual output of approximately 3,000 vehicles, beginning early 2012, according to a statement. Toyota Motor Corporation (TMC), Toyota Tsusho…
El Sewedy Cables to operate Libya plant by end-2011
Egyptian group El Sewedy Cables said on Monday it would set up a cable manufacturing plant in Libya by the end of 2011 with total investments of $50 million. "The…
TMG says starts sales at Saudi project
Egypt's biggest listed real estate developer Talaat Moustafa Group (TMG) has begun to sell units at a project in Saudi Arabia built with local partner Al Oula Real Estate Development,…
Egypt relaunches wastewater treatment plant tender
Egypt, which is seeking more private investment in social services and infrastructure, has re-opened a bid for a wastewater treatment plant as part of its public-private partnership program. The announcement…
Egypt court postpones hearing TMG, Palm Hills suits
CAIRO: An Egyptian court on Tuesday postponed till next month hearing a legal row over a Talaat Moustafa (TMG) land contract, a case analysts say could slow property investment as…
Whose corporate social responsibility?
NEW YORK: Increasingly, corporations are under pressure, often from activist non-governmental organizations, to take on specific “corporate social responsibility” (CSR) obligations. But the fact that CSR is being demanded, and…
Egyptian pound hits five-year low vs. dollar
CAIRO: The Egyptian pound weakened on Tuesday to its lowest level against the dollar since July 2005 as offshore investors sold treasury bills and Egypt's central bank apparently refrained from…
Syria working to prevent Lebanon violence, says Al-Assad
BEIRUT: Damascus is working to avoid potential violence in neighboring Lebanon as rival parties go head-to-head over a UN probe into the murder of ex-premier Rafiq Hariri, Syrian President Bashar…
Iran injects fuel into first nuclear reactor
TEHRAN: Iran began loading fuel into the core of its first nuclear power plant on Tuesday, moving closer to the start-up of a facility that the US once hoped to…
