Gap to open its first stores in Africa
CAIRO: Clothing retailer Gap Inc will enter Africa this year, as part of an ongoing international push, with plans to open stores in Egypt and Morocco. The company plans to…
Arabtec Egypt wins contract for Emaar project: paper
CAIRO: Arabtec Egypt for Construction has won a LE 220 million ($36.9 million) contract to develop units in an Emaar Properties project on Egypt's northern coast, Al-Borsa newspaper said on…
Olympic Group denies Ideal deal was undervalued
CAIRO: Olympic Group denied on Wednesday allegations that its 1997 purchase of Ideal Zanussi from the Egyptian government was undervalued. “Before buying anything from the government, you have to submit…
Egypt, US companies partner on $3.5 bln petrochemical project
WASHINGTON DC: Amid heightened optimism about Egypt’s economic prospects at the “Egypt: Forward Forum,” an MOU for a multi-billion dollar petrochemicals project was signed by prominent US and Egyptian companies…
American, Briton among those held in Tahrir clashes
CAIRO: An American and a Briton were among those arrested in overnight clashes between police and protesters in Cairo, the official MENA news agency said, without identifying either of them.…
African leaders meet in summit dogged by Libya
MALABO: A Libyan rebel delegation at the African Union summit Thursday said "everybody agrees" that leader Moammar Qaddafi had to leave, as leaders sought backing for their roadmap out of…
Europe’s E. coli outbreaks linked to Egyptian seeds
LONDON/BERLIN: Imported fenugreek seeds from Egypt may be the source of highly toxic E. coli outbreaks in Germany and France that have killed at least 48 people, according to initial…
Ethiopia to make ‘power hub’ with 4 new Nile dams
ADDIS ABABA: Ethiopia plans to become an African power hub by building hydroelectric dams along the Nile River, an official said Wednesday — a move that would allow them to…
Economic stability needed for democratization to succeed in Egypt: US official
By Brett Borkan CAIRO: The United States sees Egypt’s economic recovery as critical in its successful transition towards democracy, and is taking immediate steps to help, according to the US Deputy…
Egypt court orders damages for injured protester
By Reuters CAIRO: An Egyptian court ordered the interior ministry on Wednesday to compensate a man who police shot in the eye during protests that toppled President Hosni Mubarak, in…
