Foreigners dump Egyptian stocks, index down 2.2 pct
CAIRO: Foreigners dumped major Egyptian stocks on Tuesday, dragging the benchmark CASE 30 index down 2.2 percent to 5,608.96 points. Non-Egyptians were net sellers by a margin of LE 87…
Egyptian MP only Arab to monitor US presidential elections
CAIRO: The International Parliamentarians for Global Action (PGA) Committee chose Egyptian MP Mohamed Mostafa Sherdy as a representative of the North Africa region to the Organization for Security and Cooperation…
Nazif's closing remarks echo peppy tone of Euromoney
CAIRO: The capstone of the Euromoney Conference came yesterday afternoon as Prime Minister Ahmed Nazif took the stage to discuss the current state of the Egyptian economy.Singing in thematic harmony…
Special Euromoney Coverage: 'We have to divert to other sources,' says Energy Minister
CAIRO: Egypt plans to utilize its year-round sunshine and its fair share of wind by producing 20 percent of its total energy needs from renewable energies by the year 2020,…
Special Euromoney Coverage: Capital markets counting on government support
CAIRO: As value has bled from the stock market, capital markets experts have begun to look at how they might pick up the pieces in order re-grasp the economic landscape…
Special Euromoney Coverage: Currency risk could hamstring infrastructure development
CAIRO: Say you're a Gulf oil baron, still flush despite some recent setbacks and anxious to pump your cash into something steady, long-term and reliable. A toll road in Egypt…
Special Euromoney Coverage: Are Egypt's public banks ripe for consolidations?
CAIRO: With two days of optimistic lectures that seemed defiant in the face of the collapse of the international financial markets, a spirited discussion by six of Egypt's sharpest banking…
Special Euromoney Coverage: West's bank buyouts may impede Banque Du Caire sale, says Mohieldin
CAIRO: As Western governments scramble to nationalize their banks in the wake of the financial meltdown, Egypt has patiently continued to pawn its own. The paradox has not escaped notice.…
Special Euromoney Coverage: Local demand needed to compensate falling FDI in real estate
CAIRO: How will the global economic crisis affect Egypt's booming real estate market? This is the question panelist of the Real Estate workshop on Tuesday tried to answer.Over the past…
American ghosts from Iraq divide Cairo audience
"What Do I Know about War, a one-woman stage production by Margo Lee Sherman, has emerged as one of the divisive performances of this year's Cairo International Experimental Theater Festival,…