Six Qs with FenMag.com
“Fen” is the Arabic word for “art,” and the driving force of the online zine, FenMag.com. A site that covers “all things Arab, American, and art,” FenMag was co-founded by…
Does a plan come together for the A-Team?
“I love it when a plan comes together.” This iconic phrase was first uttered by Colonel John 'Hannibal' Smith when “The A-Team” action series debuted on the NBC network in…
Food and music for thought
The Townhouse Gallery factory space was not originally intended as the location of the ongoing “Streets of Cairo” festival. Yet on Sunday — when a peaceful demonstration for the murder…
Egypt delays decision on energy subsidies
CAIRO: Egypt has delayed a final decision on reducing energy subsidies for non-intensive industries and is currently considering the speed at which said plans would be executed. Parliament talks regarding…
Subsidizing exports under value-added terms starts July
The new subsidy export system based on the share of value-added will be implemented starting July 2010, Al-Ahram reported. The budget of the Export Subsidy Fund will reach LE 4…
Egypt pound stabilizes after euro rally
The Egyptian pound, which has weakened steadily since May, stabilized at 5.6780, supported by a modest euro rally in the past week against the US dollar. Europe is Egypt's biggest…
HDB loan portfolio jumps 20 pct: paper
Housing and Development Bank’s retail loans portfolio grew to LE 2.5 billion last May, compared to LE 2.1 billion, a 20 percent increase, reported Al-Mal. HDB deputy chairman,…
Egypt refining co in advanced financing talks
Egypt-based private equity firm Citadel Capital said a company in which it is an investor was in advanced talks to secure $2.35 billion in financing for a refinery project in…
Ban on live poultry to go nationwide
CAIRO: As of July 1, 2010, a ban on the selling of live poultry, which was in place since May 2009 across only five governorates, will be implemented nationwide. Head…
3 Tanta Flax managers sentenced to prison for arbitrary dismissals
CAIRO: In what an NGO describes as a “historic” verdict, three managers from the Tanta Flax and Oils Company have been sentenced to two years imprisonment for dismissing employees arbitrarily,…
