Business

Walid Bin Talal company will not grow wheat in Toshka

Walid Bin Talal company will not grow wheat in Toshka

Al-Mamlaka, an agricultural development company owned by Saudi Prince Walid Bin Talal, has announced that it will grow fruit and…
Egypt’s government faces new state land challenge

Egypt’s government faces new state land challenge

An Egyptian lawyer has filed suit against Egypt's prime minister and tourism minister challenging a deal with real estate firm…
Carlyle Group eyeing Egypt, Morocco investments

Carlyle Group eyeing Egypt, Morocco investments

Marrakech-- US buyout fund Carlyle Group plans to invest about US$300 million in the Middle East and North Africa within…
Egypt trims 2009/10 budget deficit to 8.1 pct/GDP

Egypt trims 2009/10 budget deficit to 8.1 pct/GDP

Egypt's budget deficit in the fiscal year to June 2010 was narrower than first thought at 8.1 percent of gross…
France to boost grain exports to Egypt to 3 million tons annually

France to boost grain exports to Egypt to 3 million tons annually

Participants at the 15th French Grains Conference, held in Cairo on Thursday, predicted more heat waves and floods in different…
Omar Effendi back in Egyptian hands

Omar Effendi back in Egyptian hands

The Saudi Anwal United Trading Company which owns nearly 85 percent of the Omar Effendi Company has sold its shares…
Local development minister warns of high rural poverty rates

Local development minister warns of high rural poverty rates

“There are some 1000 rural villages in Egypt inhabited by a total of 12 million people, half of whom live…
Reluctance to loan, not financial capacity, inhibit Egypt’s SME growth

Reluctance to loan, not financial capacity, inhibit Egypt’s SME growth

After years of government financial regulation, many Egyptian bankers finally see an opportunity to play a more effective role in…
Telecom Egypt CEO denies regional expansion plans

Telecom Egypt CEO denies regional expansion plans

Telecom Egypt has no plans to expand elsewhere in the region for now, its chief executive said on Thursday after…
Arab Contractors to head back to Iraq after 4-year hiatus

Arab Contractors to head back to Iraq after 4-year hiatus

Prominent Egyptian property developer the Arab Contractors Company plans to open two branches in Iraq--in Baghdad and Erbil--after a four-year…
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