Arab Cotton Ginning ‘in talks’ for acquisitions
Arab Cotton Ginning of Egypt is “in talks” to acquire companies specializing in weaving, shirt-making, dyeing and bed linen, Chairman Hani Olama said. “Already we have targets in Egypt and…
Suez Cement demand up, rising costs weigh on sector
Egypt's largest listed cement company, Suez Cement, said demand for cement rose in the first half, but analysts say growth will slow due to higher electricity prices and a government…
Wind Hellas says debt standstill in effect
Greek mobile operator Wind Hellas Group said on Wednesday enough senior creditors had approved its debt standstill agreement to put it into effect. Wind Hellas said on July 1 it…
Egypt-Saudi power grid link cost seen at $1.5 bln
A project aimed at linking the power grids of electricity-hungry countries Egypt and Saudi Arabia to help meet peak-time demand is expected to cost about $1.5 billion, an Egyptian official…
Competing for investment
Much is written and said about the need to create a competitive investment environment in Egypt. Academics and experts argue constantly over the proper role of government in the investment…
Apache to buy BP assets in US, Canada, Egypt
NEW YORK: US energy firm Apache said on Tuesday it had agreed to buy from British rival BP oil and gas assets in the United States, Canada and Egypt for…
Timeline CEO sees potential for venture capital growth
CAIRO: “There is huge investment potential for venture capitalism in Egypt, with new money entering the region,” Ahmed Metwally, CEO of Timeline Interactive, said. “Until this year, there was no…
Sites of rebellion and subversion
The year 2010 marks two momentous episodes in the history of Mexico, both are 100 years apart. The first is the bicentennial of the Mexican War of Independence (1810–1821). The…
Robert Plant takes his Band of Joy’ on the road
All eyes are on Robert Plant when he steps on stage — especially his band's. If you're going to play with the rock 'n' roll icon, you've got to be…
Lohan reports to jail for probation violation
Whisked away to a women's jail in an unmarked sheriff's car after a brief hearing, Lindsay Lohan reported Tuesday for a 90-day sentence that the troubled actress likely will…