News
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Landmark Group eyes $5 revenue by 2015
The Dubai retail and hospitality giant believes that the main drivers of the projected growth would be markets in Egypt, Lebanon and Turkey.
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Arab Spring countries will achieve economic growth, report
The economies of Arab countries were more flexible during this year’s uprisings if compared to the political unrest in Washington.
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Value is the most important factor for Irish tourists
Egypt bounced back surprisingly fast for Irish tourists, and flights to Egypt from Dublin will resume at Christmas.
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Orascom Construction secures USD 2 billion in credit facilities
This package will help Orascom achieve its twin objectives of refinancing the credit facilities which were due in 2013.
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Central Bank: Remittances reach new heights
Remittances sent to Egypt by Egyptians abroad reached unprecedented amounts during the 2010/2011 fiscal year, Central Bank of Egypt report says.
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Cairo Int'l Airport Returning to Normal after Strike
The operation of Egypt's Cairo International Airport was gradually returning to normal on Friday after dozens of fights had been delayed.
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Egyptian ITIDA launches e-signature competence centre
Egypt's Information Technology Industry Development Agency (ITIDA) has announced the launch of the new Egyptian e-Signature Competence Centre.
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Foster Wheeler’s Egyptian FEED Deal
Foster Wheeler AG’s subsidiary has been awarded a front-end engineering design contract for the Qasr Compression Project in Egypt by Apache Khalda.
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Egypt hopes to borrow its way out of crisis
Borrowing is the only solution, say Egypt's financial heads, as foreign investment, tourism and currency reserves all struggle.
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Egypt Political Delays Causing Economic Concerns, Fitch Says
Delays in Egypt’s transition to democracy are slowing its economic recovery, with reserves falling amid a worsening outlook for the global economy.
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Qatar 'grant comes to the aid of Egypt'
Egypt’s economy has been saved from an “acute crisis” because of the timely grant of $500mn from Qatar.
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Raya IT building data center for Egypt's credit bureau
The Egyptian Credit Bureau (I-Score) has appointed Raya IT to design, build and implement a new data center with a SLA warranty for 4 years.
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Egypt's Red Sea resorts hope for return of tourists
During the 18 days of pro-democracy protests earlier this year, countries including Russia and Italy restricted flights into Egypt.
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Egypt Predicts New Israel Natural Gas Deal Shortly
Egyptian Petroleum Minister Abdullah Ghorab said that his country will soon finish drafting a new contract for natural gas exports to Israel.
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Ahly Bank Egypt wins international award from African Banker institution
Ahly Bank Egypt received an award of Best Bank in Africa in the field of social responsibility 2011 from the African Banker institution.
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Egypt needs serious investment to grow
This week Herbert Smith hosted a roundtable discussion on power & infrastructure opportunities in Egypt at the Intercontinental Hotel in Abu Dhabi.
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Pining for the public sector: Egypt workers tell of privatisation woes
The recent renationalisation of four Egyptian firms has emboldened workers at formerly state-owned enterprises who long for the stability.
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Airport strike spotlights Egypt's economic woes
A work slowdown by air traffic controllers delayed scores of flights Thursday and left passengers stranded for many hours in Cairo's int'l airport.
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Egypt's trade and export finance community gathers in Cairo
The leading decision makers in trade will meet for Exporta’s 4th Annual Egypt Trade Export Finance Conference on Wednesday, 12th October, 2011.
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Clarity extends Mobinil Infrastructure Management Solution
Clarity today announced that Mobinil is upgrading and extending its deployment of Clarity’s Infrastructure Management solution.