Spurring development
CAIRO: Ask any random passer by on an Egyptian street if they are familiar with the name Sawiris, and the answer will be more often than not a definite yes…
Kuwait's NBK wants to buy Egyptian bank next year
SHARM EL-SHEIKH, Egypt: National Bank of Kuwait is looking to buy an Egyptian bank with a strong retail business next year and hopes to push into the United Arab Emirates…
Management restructuring key to success
CAIRO: When Farida Khamis started working regularly at her family business, Oriental Weavers (OW), she faced two challenges: like any businesswoman in the country, her first was to attain credibility…
The Midas touch
CAIRO: The recent fluctuations of gold prices, which reached a 25-year high of $727 per ounce and rapidly dropped down to $657 per ounce and have temporarily caused paralysis in…
Supporting development through education
CAIRO: Intel Corporation announced Saturday that as part of its global commitment to spur economic development in emerging markets, the company, in collaboration with the Egyptian government, will lend its…
Arab states and Arab League welcome formation of Iraqi government
CAIRO: Arab countries and Iran welcomed the formation of the new Iraqi government, saying it opened the way for the region s powers to step up efforts to bring stability…
Nazif wants no Brotherhood block in parliament
SHARM EL-SHEIKH, Egypt: The Egyptian government wants to prevent the Muslim Brotherhood forming a parliamentary group by winning seats as independents in future elections, Prime Minister Ahmed Nazif said on…
Another Sinai bombings suspect surrenders
EL-ARISH, Egypt: Another suspect in the terror attacks that rocked the Sinai Peninsula in April has surrendered, security officials said Saturday.Gen. Adel Fawzi of North Sinai s criminal investigations unit…
U.S. condemns Egypt over opposition crackdown
SHARM EL-SHEIKH, Egypt: U.S. Deputy Secretary of State Robert Zoellick condemned Sunday as a mistake the heavy-handed reaction of the authorities in ally Egypt to opposition demonstrators. These (actions) strike…
Mubarak uses economic forum to signal dissatisfaction with U.S. Mideast policy
SHARM EL-SHEIKH, Egypt: President Hosni Mubarak opened the World Economic Forum in a booming Red Sea resort with a surprisingly tough speech that signaled deepening strains in the once-ironclad links…
