Mortgaging wave of the future
Mortgage industry numbers up, but challenges persistThe mortgage industry reached LE 514 million ($89.4 million) in contracts as of June 2006, up from LE 15.8 million ($2.7 million) recorded in…
EFG downgrades Arabia Cotton Ginning
CAIRO: Investment bank EFG-Hermes cut its long-term recommendation for Arabia Cotton Ginning to accumulate from buy on Wednesday, saying a share price rally had left the stock overvalued. EFG said…
Egypt stocks dip, profit-taking hits housing sector
CAIRO: A day after hopes for a real estate boom coaxed the market up, Egyptian shares dipped on Wednesday in a volatile market with the housing sector hit by profit-taking,…
Tok Tok trials and tribulations
The three-wheeled motorcycle may become a regular feature of Cairo trafficCAIRO: Is it a motorcycle? Is it a car? No, it's a Tok Tok. It's a motorcycle with three wheels…
Kicking the habit
Tabac Stop Center uses new technique to help smokers give up their habitCAIRO: Earlier this year, Kenza Badawi was desperate to stop smoking after 20 years of addiction. After trying…
Museum teaches children to have fun
This summer take a family trip to the first interactive museumCAIRO: If your child is between the ages of 5 and 13 and you are looking for a place where…
HDB seals tripartite protocol with Misr, NBE to finance national housing scheme
NOOZZCAIRO: Egyptian Housing and Development Bank will sign a tripartite protocol with the National Bank of Egypt and Banque Misr on financing the national scheme for housing with £2 billion…
Fitch gives CIB BB+ rating, with 'stable outlook'
CAIRO: Fitch Ratings affirmed yesterday Commercial International Bank s International ratings at Issuer Default BB+ with Stable Outlook and Short-term B . The bank s National ratings are affirmed at…
New holding company to invest $30 bln in transportation infrastructure projects
CAIRO: A consortium of UAE and Bahraini companies has signed an agreement with the Egyptian government to establish a $1 billion (LE 5.74 billion) holding company to upgrade the country…
