Publishers reach resolution with ministry in supplementary books crisis
CAIRO: The Egyptian Publishers Union (EPU) reached a resolution with the Ministry of Education regarding publishing supplementary textbooks, reducing fees for publishing licenses from LE 40 million to LE 3…
Democratic Front pulls out of Quartet Bloc over PA elections
CAIRO: The Democratic Front Party has withdrawn from the Quartet Bloc after other parties decided to participate in the parliamentary elections scheduled to take place in November. The Quartet Bloc…
CAF: African player of year list ‘fictitious’
JOHANNESBURG: A list of 17 African stars supposedly nominated for the continent's 2010 player of the year award was not real and not released by the African Football Confederation. CAF…
Hathor statue to be moved to Sharm El-Sheikh after failed theft attempt
CAIRO: The statue of the ancient goddess Hathor will be moved to a museum in Sharm El-Sheikh after it was found in the desert five days after it went missing…
Creating value through sustainable finance
CAIRO: “The financial industry has to play by new rules,” Hassan Abdallah, CEO of Arab African International Bank said at a Cairo conference. At a workshop titled “Sustainable Finance” at…
Egypt state pension fund to invest in private sector
Egypt's state pension fund will begin directing billions of dollars into private investments when a new pension law comes into force in January 2012, the deputy finance minister said on…
Oil jumps to $81 on China, US data
LONDON: Oil rose on Friday to $81, a seven-week high, boosted by stronger-than-expected US and Chinese economic data which raised hopes of demand recovery in the world's largest consumers. China's…
SODIC says solution to land claims needed
CAIRO: Egyptian real estate company SODIC is not exposed to legal challenges to state land sales but wants a long-term solution to the disputes because they are slowing investment in…
Making Egypt ‘accessible’ for tourists
By Tamim Elyan Special to Daily News Egypt CAIRO: Claudia Ehlers has always dreamed of seeing the pyramids – a dream dismissed by almost everyone she told given…
Egypt to lease at least 200,000 acres of farms
Egypt will lease at least 200,000 acres of farmland this year for agri-business projects in North Sinai, the North Coast and Upper Egypt, the agriculture minister said on Wednesday. "We…