Business

Qataris offer to buy Omar Effendi

Qataris offer to buy Omar Effendi

Legal sources have said they are mediating between a Qatari group and the Egyptian government over the sale of Omar…
Q&A with Dave Robinson: FDI expert says Egypt has great potential

Q&A with Dave Robinson: FDI expert says Egypt has great potential

There are numerous problems facing Egypt’s economy these days: high rates of unemployment and inflation, a growing national debt and…
Sudan and Egypt sign million-acre land reclamation deal

Sudan and Egypt sign million-acre land reclamation deal

Minister of Agriculture and Land Reclamation Ayman Farid Abu Hadid has announced an agreement with Sudan involving the allocation of…
Labor organization: Egypt among Arab nations most affected by financial crisis

Labor organization: Egypt among Arab nations most affected by financial crisis

Egypt is among the Arab countries most affected by the global financial crisis, according to a report from the Arab…
Egypt inflation jumps to a year high on food prices

Egypt inflation jumps to a year high on food prices

Urban consumer inflation in Egypt accelerated to 12.1 percent in April, its highest in a year, on the back of…
TUI Travel posts fresh losses on Egypt, Tunisia unrest

TUI Travel posts fresh losses on Egypt, Tunisia unrest

London--TUI Travel suffered a net loss of US$415 million during the group's first half, in part owing to unrest in…
Egypt to uphold verdict that Palm Hills illegal

Egypt to uphold verdict that Palm Hills illegal

Egypt's government will uphold a court ruling to scrap a sale of state land to developer Palm Hills but will…
Egypt court voids 2006 sale of historic chain store

Egypt court voids 2006 sale of historic chain store

A court has annulled a 2006 deal to sell Egypt's historic Omar Effendi department store chain to a Saudi investor,…
Experts say real estate companies facing funding difficulties

Experts say real estate companies facing funding difficulties

Several real estate companies are facing difficulties in completing projects, according to workers and experts in the real estate industry.
Strong growth makes 1 in 3 Africans ‘middle class’

Strong growth makes 1 in 3 Africans ‘middle class’

Cape Town--Robust economic growth in Africa over the last decade has swelled the size of its middle class to a…
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