Makro opens second wholesale store
Prime Minister Ahmed Nazif, Minister of Trade and Industry Rachid Mohamed Rachid, Minister of Agriculture Amin Abaza, Minister of Local Development Abdelsalam Mahgoub and Qaliubiya Governor Adly Hussein launched Makro…
Shehata advised to contact Mubarak
CAIRO: Egypt coach Hassan Shehata said he was advised to contact President Hosni Mubarak to ask him to stop the flurry of criticism he received in the wake of the…
Egypt skipper hopes to play until 40
CAIRO: Egypt skipper Ahmed Hassan, who is nursing a serious knee injury, said he hopes to play until he is 40. The Ahly midfielder ruptured his anterior cruciate ligament during…
Egypt needs to speed up attracting private investment
CAIRO: Boasting resilient economic growth in the global downturn, Egypt has been an attractive investment destination, but opening up more opportunities for the private sector needs to speed up, a…
Egypt’s tourism recovers strongly
CAIRO: Egypt’s tourism sector has staged an impressive rebound from a slump in 2009 blamed on the global financial crisis. Arrivals were up 21 percent to 7 million persons while…
Deutche Bank expects Egypt to validate Madinaty contract
Deutche Bank said that new court hearing on Nov. 9 on TMG Holding’s Madinaty case is not surprising, according to a statement. In September, Hamdy El-Fakharany, who brought the case…
Intel reports $11 bln revenue
Intel Corporation reported this week third-quarter revenue of more than $11 billion, up 18 percent year-on –year, according to a statement. The company’s operating income was $4.1 billion and net…
Egypt to boost investments with Morocco
Minister of Trade and Industry Rachid Mohamed Rachid met with visiting Moroccan Foreign Trade Minister Abdellatif Maazouz on ways to boost trade and economic relations and increase joint investments. The…
CIB launches consumer banking leadership program
Commercial International Bank (CIB) launched a leadership program for the consumer banking industry which they say is the first of its kind in Egypt and MENA, according to a statement.…
Ahmadinejad hails Lebanon ‘resistance’ against Israel
BEIRUT: Iranian President Mahmoud Ahmadinejad hailed on Wednesday Lebanon's resistance against Israeli "aggression" as he began a visit that will take him to the border of the Jewish state. He…