Thursday 17 April 2014
 
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Cairo

Gradual recovery seen for Cairo real estate

The Cairo real estate market is most likely to remain subdued in the short term, ahead of a potential period of gradual recovery from late 2014 or 2015, said a report. While there have been new completions in the residential and r

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MAF to invest in Egypt road infrastructure

Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Mena region, is set to invest EGP10 million ($1.42 million) for improvement of road infrastructure near Maadi City Centre. Located on the Katameya

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Cairo residential rents remain stable

All sectors of the Egyptian property market remained at or close to the cyclical trough of their cycle even as the Egyptian economy showed signs of improvement in the final quarter of 2013, said a report. The prime rents in capita

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Air Arabia to launch flights to Cairo

Air Arabia, a leading carrier in the region, has strengthened connectivity with Egypt with the launch of non-stop services to Cairo. The new service from the carrier’s primary hub in Sharjah marks Air Arabia’s fifth de

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Blast hits Cairo police HQ; 2 killed

A large blast near police headquarters in central Cairo on Friday killed at least two people and wounded many others, security and medical sources said. Three security sources said a car bomb was the likely cause of the explosion,

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EFG Hermes agrees $143m share buyback

EFG Hermes Holding, a leading investment bank, has finalised a share buyback programme that will aim at returning EGP1 billion ($143.3 million) to the company’s shareholders during the first nine months of 2014. The first ph

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Mursi absence halts trial, bad weather cited

The trial of deposed Egyptian President Mohamed Mursi on charges of inciting murder was postponed until Feb. 1 on Wednesday after officials said bad weather had stopped him from being flown to court. Another Islamist politician, E

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Egypt arrests dozens under anti-terror law

Egypt stepped up pressure on the Muslim Brotherhood a day after declaring it a terrorist group, using the new classification to detain dozens of its supporters, while one person died in street clashes in Cairo ignited by political tension.

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Silatech backs crowd funding seminar

Doha-based Silatech sponsored a key seminar on crowd funding in Cairo recently, aimed at unlocking new sources of investment capital for Egyptian entrepreneurs. Silatech is a regional social initiative that promotes large-scale jo

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Citadel cuts net loss as regional unrest eases

Egypt's Citadel Capital cut consolidated net losses in the third quarter by nearly 40 percent, the private equity group said on Thursday, as cost controls improved and as business recovered from years of turmoil in the region.

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