Gearing up for the run-off
CAIRO: While the Muslim Brotherhood, which has enjoyed unprecedented success during Egypt's parliamentary elections, gained no seats outright in the Dec. 1 vote, some 30 of their 49 candidates running…
Against the grain
CAIRO: In the Arab world, where the man-against-the-machine musician is an unfamiliar concept, a number of 20 something hip-hop artists are working their way through Egypt's underground music scene, armed…
Rachid in Washington for trade consultations
Foreign Trade and Industry Minister, Rachid Mohamed Rachid, is visiting Washington with a large government delegation for consultations on trade negotiations. Rachid met yesterday with U.S. Trade Representative Rob Portman…
Microfinance goes commercial
Microfinance, the provision of loans and other financial services involving minute transaction amounts and mainly poor clientele, is making inroads into commercial banking.
Recognizing challenges key to success
CAIRO:Tom Walter has a tough job doing business in Egypt.He is chairman and managing director of ExxonMobil Egypt, the local subsidiary of one of the leading global marketers of fuels…
Water sector receives European Union support
In an effort to bolster the government's water sector reform program, the European Union has granted Egypt 80 million Euros (LE 560 million) in financial support.
Violence overshadows third round of voting
CAIRO: The third and final round of Egypt s parliamentary elections was overshadowed by mass arrests, violence and at least one death. Eyewitnesses in the governorates of Mansoura and Sharqiya…
Stock markets recover slightly after sharp decline
The CASE 30 Index, which tracks the top 30 stocks on the Cairo and Alexandria exchanges, closed at 5,603 points yesterday, a 53 point increase from the previous day. Stock…
International Film Festival kicks off in Cairo
China is the festival's guest of honor this year, providing over 25 movies to be screened during the 10-day-event. A special section in the festival is dedicated to Arabs in…
Warming to natural gas
The Minister of Petroleum is really the key to this success CAIRO: With oil prices rising sharply worldwide, energy consumers are warming to the idea of natural gas as an…
