Big Egyptian stocks recover some losses
CAIRO: Big Egyptian stocks recovered some of their recent losses on Tuesday, led upwards by investment bank EFG-Hermes and Orascom Construction Industries, which announced it had a stake in a…
IT sector set for growth but inhibited by lack of investment
CAIRO: The software industry in Egypt has been on the rise since the establishment of the Ministry of Communications and Information Technology in 1999. While the country has long been…
France issues travel warning to nine Arab countries
CAIRO: France is the latest European country to issue a travel warning to the region in the wake of uprisings over a cartoon depiction of the Prophet Mohammed. French citizens…
Mubarak thinks Hamas will recognize Israel, Israeli defense minister says
CAIRO: President Hosni Mubarak believes that after Hamas becomes the Palestinian government, it will succumb to international pressure, renounce violence and recognize Israel, Israeli Defense Minister Shaul Mofaz said Tuesday.Hamas,…
Choosing an alternative
CAIRO: Homeopaths in Egypt not only meet patients, diagnose them and prescribe remedies, but they also face a struggle for recognition and fight a battle to acquire the legal status…
Be a doll, won't you?
CAIRO: "What I always love about Huda's work is that there is a lot of intelligence because she has the background and knowledge of all religions and of the local…
Taking back the roads
CAIRO: Proving that saving lives is a serious part of their business, British Gas (BG), one of the leading gas companies in Egypt with over $4 billion worth of investments,…
Poverty rampant in rural areas, says new report
CAIRO: The rich-poor divide in Egypt remains significant, especially in rural areas, according to the UN and government ministries."Improvements in the gap between rich and poor are marginal, noted Khaled…
Retail panic pulls down stocks
CAIRO: Small investors panicked by falling Egyptian stock prices pulled the market lower still on Monday in a bout of selling, traders said."A lot of the prices are being broken…
Egypt to offer 20 pct of Bank of Alexandria on bourse
CAIRO: Egypt will sell 20 percent of Bank of Alexandria on the stock exchange, 5 percent to employees and the rest to a strategic investor, the bank s head said…