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Electric fire destroys Al-Hadari's apartment

CAIRO: An electric fire caused Essam Al-Hadari’s house to be badly damaged but no one was hurt. The Egypt and Ismaili goalie wasn’t at home when the apartment caught alight, understands. His wife, son and one of his three daughters were there but all vacated the building on time and now are understood to …

Sherif Tarek

Emerging markets will drive growth, says expert

CAIRO: Emerging markets will be the main drivers of economic growth for the next five years, according to Robert Parker, vice president of asset management for Credit Suisse. “Not that the developed world will go back to recession… We shouldn’t write off the developed economy, but the next few years will clearly be painful. Unit …

Annelle Sheline

Egypt: Growth impetus

CAIRO: One of the potential winners of the global financial crisis, Egypt has maintained a relatively high level of income from Suez Canal and tourism receipts, spurring a GDP growth rate of nearly 5 percent. However, on the back of a massive stimulus spending package in 2009, the country is looking to take advantage of …

Daily News Egypt

Fueling the future: towards sustainable energy

In a session discussing scenarios for sustainable energy titled “Fueling the Future, participants from leading energy companies and government representatives discussed the challenges that lie ahead. Springing from a notion that high oil prices and climate change regulations will create business opportunities in green technologies and innovations and that the Middle East will face the …

Rania Al Malky

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