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The bride seems ecstatic and receives her fair share of shakes and shimmies, as I stare with foreign eyes and struggle to find a bridge between these seeming contradictions.

Adel Heine

New Egyptian-American fund to finance SMEs

U.S. Secretary of State, Hillary Clinton, announced during her visit to Egypt the establishment of an Egyptian-American fund to provide financing for small and medium sized enterprises (SMEs). Egypt is in need of such financing in order to achieve sustainable economic growth and to create jobs during the transitional period.   The Secretary stated that …

Mohamed El-Bahrawi

Tarek Nour Communications aspires to make EGP 100m in Ramadan

By Mohamed Fawzy Veteran advertising agency Tarek Nour Communications hopes to achieve EGP 100 million in advertisements sales during the month of Ramadan. Tarek Makhlouf, the managing director of the company, said that if the company is able to meet its Ramadan target, it will compensate for recent losses, particularly in light of the decision …

Daily News Egypt

Government to settle $318m worth of external debt

The Ministry of Finance in co-operation with the Central Bank have managed to allocate $318 million, which represents the value of public debt instalments owed by the government for bonds issued abroad in Egyptian pound  in 2007. A high-ranking source in the Ministry of Finance has affirmed the government’s commitment to the settlement of all instalments owed at …

Daily News Egypt

IT sector calls for more government attention

Information technology (IT) experts have said that the IT sector in Egypt has not significantly contributed to the national economy because the government has neglected its principle components. The sector has played an important role in other developing economies such as in India, Malaysia, and Brazil. The experts viewed the Ministry of Communications and Information …

Daily News Egypt