Facebook recently launched a new initiative designed to empower women in the Middle East to more easily start and grow their own businesses. SheMeansBusiness will bring together Facebook tools such as training videos and other resources to help women develop online businesses. The initiative is a partnership with three other organizations: Egypt based Ahead of… Continue Reading
Tag Archives: Egypt
REC and O Capital Join to Sell Solar in MENA
Two companies have signed a deal to sell solar panels and other related services in the Middle East and Africa. O Capital and REC Solar Holdings are embarking on this partnership with the intention of taking advantage of what they see will be major growth in the renewable energy sector. “Beginning in 2017, we are… Continue Reading
Ammar Acquires Egyptian TV Station
Tarak Ben Ammar, the media mogul who produced over 60 films in the past thirty years recently purchased an Egyptian TV network in a deal worth tens of millions of euros. Ben Amar stated that this is the first step in the creation of a pan-Arab media group. Ben Ammar, who owns the North African… Continue Reading
Egypt Seeking $3.2 Billion in IMF Aid
Backtracking on their previous refusal of aid from the International Monetary Fund and the World Bank, Egypt requested $3.2 billion in loan money from the IMF on Monday. Egyptian officials decided that the money was essential to repair the Egyptian economy after a full year of political unrest which repelled tourists and investors alike. A… Continue Reading
Gaza Building Boom Comes from Underground
There is a building boom taking place now in Gaza, despite the blockade Israel has imposed on the Strip since Hamas took power there. The boom is due in part to an intricate network of tunnels dug into the sandy soil reaching from Gaza, extending over the international border, and ending in Egypt. Israel Allows… Continue Reading
Egyptian Marble Industry Growing To Number One in World Exports
Analysts believe that under the correct conditions investments in the construction industry in Egypt will continue to grow, and the most impressive growth will be in the granite and marble sector of that market. Experts believe that revenues for the marble and granite industry in Egypt can reach as much as 2 billion dollars in… Continue Reading
Muslim Brotherhood Gets Active
First of all, in Egypt, the Muslim Brotherhood is making a noise about the involvement of the military vis-à-vis the writing of a new constitution. Secondly, the same organization is getting busy with the provision of free meals to the poor each night for the month of Ramadan. It used to be – in the… Continue Reading
Khalil Release
BBC journalist Shaimaa Khalil was released after being held for 20 hours at an Egyptian military base and then on to a military prosecutor’s office. According to a BBC News Article from yesterday, it remains unclear whether or not she will “face further action by the authorities.” At this point also, no-one is quite sure… Continue Reading
Depressed Mubarak Awaits Trial
Depressed Mubarak Awaits Trial The former president of Egypt, Hosni Mubarak is depressed. In addition, according to Egypt’s official news agency, the man is physically weak and refuses to eat any solid food. His depression is probably at least somewhat fueled by the fact that later this week he will be standing trial for ordering… Continue Reading
Hosni Mubarak in a Coma in Sharm el-Sheikh
Heart Attack The 83-year-old former president of Egypt, Hosni Mubarak, is said to have suffered a heart attack and lapsed into a coma in the Red Sea Resort city of Sharm el-Sheikh. President Mubarak has been under arrest in the southernmost tip of the Sinai Peninsula desert ever since his ouster from power during the… Continue Reading