Egypt GDP growth seen quickening in next 2 years
CAIRO: Egypt s economy will pick up this financial year and next, but will not grow as strongly as it did before the global financial crisis broke out in late…
Lebanese PM on first official visit to Egypt
BEIRUT: Lebanese Prime Minister Saad Hariri heads to Cairo on Wednesday on his first official visit for talks with top officials, including President Hosni Mubarak, his office said.Hariri will be…
I don't want to be President of Egypt, says ElBaradei
CAIRO: Former IAEA chief Mohamed ElBaradei unequivocally stated that he does not want to become president of Egypt in an interview with Foreign Policy Magazine published Tuesday."I don t want…
Egypt prosecutor calls for death penalty in Hezbollah trial
CAIRO: The prosecution in a trial of 26 alleged Hezbollah members charged with planning attacks in Egypt demanded the death sentence on Tuesday, a judicial source said.The prosecutor made the…
Egypt's consumer confidence on stable footing
Consumer confidence in Egypt has been on the rise since May, according to Bayt.com and YouGov Siraj's recently released Consumer Confidence Index Survey. Dropping and wavering throughout 2008 and the…
Egypt sees increase in foreign reserves: CBE
In these troubled economic times most investors have been looking for any glimmer of hope for their country's economy. One such glimmer recently arrived here when the Central Bank of…
ONE ON ONE: Shahinaz Foda on BNP Paribas and the banking sector
As a tumultuous year for the global financial sector drew to a close, many banks in Egypt found themselves working with more positive numbers than expected. Although globally bankers were…
Banks eye increasing value of land
Recent investments by banks in real estate highlight the increasing value of land as a commodity. The African Development Bank announced on January 15 that it had granted Egypt $70…
Keeping grounded at 40,000 feet
DAVOS: They often say flight time is quality thinking time. That was my experience on the transfer from Riyadh to Davos last night. I had the pleasure of sharing that…