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Helwan’s Japanese Garden

The Garden is unlike any other in Egypt; it has beautiful arbors, Japanese architecture, fish ponds, and little statues of Buddha surrounding an artificial lake. Though the lake has long since dried up, the beautiful image of the statues counteracted by a dilapidated building in the background still provides a beautiful, albeit melancholy, visual pleasure.

Daily News Egypt

Foodist at work by Nada Badawi

Bite Me Cairo: Four Thumbs Up

My youngest was born a foodist, a trait she happily developed in gleeful opposition to her food-averse sister as she instinctively sought out an unoccupied niche in the family culture.

David Blanks

Clinical death

As the world’s media have rushed to compete on the wave of rapid developments sweeping across the globe, Egypt’s state media focuses on a different story. The Maspero building – with its entire internal and external staff – keep drowning in deep and unchartered waters of corruption, misconduct and a performance far away from the …

Daily News Egypt

Tax Authroity new head vowes to boost tax revenues

Egypt’s Tax Authority (TA) hopes to increase tax revenues to EGP 230 billion, according to newly appointed chairman Mamdouh Omar. The TA plans to promote new leadership to ensure justice within the body, Omar told a meeting with heads of regional bureaus and managers of different departments on Monday. According to commentators, taxation in Egypt …

Islam Serour

Review: columnists condemn division of Liberal bloc

Major opinion pieces in Egyptian newspapers have debated a variety of topics that relate to Egyptian politics. Most importantly, most commentators have condemned the division and separation hitting the landscape of the secular power in Egypt. The success of the Muslim Brotherhood and the popularity of political Islam in Egypt has led many writers to …

Daily News Egypt

OPIC to focus investments on franchise, renewable energy and SMEs

As part of the US delegation’s mission to Egypt, the Overseas Private Investment Corporation (OPIC), a US government financing institution, signed a $150 million deal with private equity group Abraaj Capital. The new commitment targets the enhancement and development of small and medium-sized enterprises (SMEs). Managed by Aureos Capital, Abraaj’s SMEs investment platform, the Riyada …

Mohamed El-Bahrawi

OCI Fertilisers demerger to come

Orascom for Construction Industries (OCI) announced yesterday that the General Authority of Investment and Free Zones (GAIF) approved OCI’s proposed valuation split methodology for the demerger of its construction group from its fertilisers group. GAIF approved on Saturday to split OCI’s standalone assets and liabilities on book value basis as at 31 December 2011, an …

Islam Serour

CBE reports EGP 11.3billion balance of payment deficit

The Central Bank of Egypt (CBE) announced Monday that Egypt’s balance of payment totalled USD eight billion during the 2011/2012 fiscal year, compared to a surplus of $571.2 million in the previous fiscal year. The decline was attributed to reduced tourism profits and the current political atmosphere in Egypt and the region. CBE reported that …

Islam Serour

US business delegation promisese support for Egyptian economy

A United States business delegation has pledged to support Egypt in its transition to democracy through bolstering investment to create more jobs and promote economic growth. “We hope that this delegation returns home with a very simple message: Egypt is open for business,” Thomas Nides, head of the US business delegation and the deputy of …

Islam Serour