Vintage McCartney lifts somber White House
Forty-six years after the Beatles invaded America, Paul McCartney rocked the White House Wednesday, honored by President Barack Obama at a star-studded concert celebrating his songwriting legend. Though British Petroleum…
Cairo at the end of a long walk
“One long walk through Cairo” is how Amira Hanafi describes her project “Alatool: Straight Ahead, Always.” On Tuesday evening, the artist gave a presentation at Artellewa gallery of the images…
Refinery receives $2.3 bln loan
An Egyptian refining project has accumulated $2.3 billion in debt financing from a consortium led by Asian lenders. At a time when the European and US refining industries are struggling,…
AUB offers to buy Egypt shares
Ahli United Bank, a Bahraini company, is submitting a tender offer to purchase 6,230,732 shares of Ahli United Bank Egypt representing 10.38 of the target. The acquirer offered to pay…
Arab Tourism Conference eyes more investment
Arab governments have been urged to work together to implement a simpler set of visa procedures for their citizens when they are traveling. Participants at a tourism conference in Alexandria…
HSBC names new global banking head for Mideast
HSBC said it had appointed a new head of its global banking and markets division for the Middle East and North Africa, who will focus on key markets in Saudi…
Fire destroys Egypt's Lecico warehouse
An export warehouse belonging to Egyptian sanitaryware and ceramics maker Lecico has been destroyed by a fire, the firm said in a statement issued on the stock exchange on Thursday.…
Egypt index inches up, Europe worries loom
Egypt's benchmark index rose 1.4 percent, cooling down after heavyweight Orascom Telecom pulled back from early gains to end up 1.3 percent. Traders said investors lack appetite for Egyptian stocks…
Former CMA chairman on economic growth, reforms and the future
CAIRO: At a time when many world markets were in recession, Egypt’s economy consistently recorded positive growth figures, above both analysts’ forecasts and government expectations. Despite the better-than-expected numbers, projections…
Egypt, EU take a step towards liberalizing trade
CAIRO: A newly-amended EU-Egypt Association Agreement seeks to further liberalize bilateral trade in agricultural, processed agricultural products and fish and fishery products. The agreement, which entered into force June 1,…