development
Morsy scores US$4.9 bn in investments on China trip
Egypt
August 29, 2012
Morsy scores US$4.9 bn in investments on China trip
Presidential spokesman Yasser Ali has said several investment agreements were signed between Egyptian and Chinese businessmen during President Morsy’s visit…
Morsy rules out currency devaluation
Business
August 27, 2012
Morsy rules out currency devaluation
Egypt's new president said on Monday he would not impose new taxes or devalue the country's currency and that…
Lagarde, Qandil hope for IMF deal before end of year
Business
August 22, 2012
Lagarde, Qandil hope for IMF deal before end of year
The Egyptian government has entered negotiations with the International Monetary Fund for a US$4.8 billion loan, Prime Minister Hesham Qandil…
Investment in Arab states rises despite unrest
Business
August 7, 2012
Investment in Arab states rises despite unrest
Total foreign and domestic investments in Arab states rose slightly last year despite widespread unrest, the Kuwait-based Arab Investment and Export Credit Guarantee Corp. said…
Cairo’s central slum under threat
Egypt
July 5, 2012
Cairo’s central slum under threat
The contrast is stark. On the Nile waterfront, gleaming skyscrapers shoot into the sky, containing a mall stuffed with luxury…
Shura Council discusses land development plan
Egypt
July 3, 2012
Shura Council discusses land development plan
Head of the General Organization for Physical Planning Mostafa Madbouli presented an urban development plan to the Shura Council on…
New budget ‘represents the past,’ says former Finance Minister
Business
July 3, 2012
New budget ‘represents the past,’ says former Finance Minister
Samir Radwan, the former Finance Minister, said that the current state budget “represents the past” and that it “would not…
Egypt’s Elsewedy Electric to invest US$350 million in Niger
Business
July 1, 2012
Egypt’s Elsewedy Electric to invest US$350 million in Niger
NIAMEY — Egypt's Elsewedy Electric, the Arab world's biggest listed cable maker, plans to enter Niger by investing about US$350…
Salafis in Sinai hold conference on ‘post-revolution aspirations’
Egypt
July 1, 2012
Salafis in Sinai hold conference on ‘post-revolution aspirations’
The Salafi Dawah in Rafah celebrated the presidential victory of Mohamed Morsy on Saturday by holding a conference to outline…
Somalia’s capital enjoys building boom
World
May 6, 2012
Somalia’s capital enjoys building boom
Somalia's last president before the country erupted into decades of war made an ominous warning: Force him from power, and…