News
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Egyptian army chief of staff discusses military cooperation with Greece’s navy chief
Egyptian army spokesman Tamer El-Rifaei said that the talks involved several issues of common interest, including an exchange of viewpoints towards developments taking place in the MENA region and their impact on the regional and international arenas. Hejazi affirmed the depth of the ongoing partnership and cooperation between the Egyptian and Greek armed forces to…
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Egypt sets up new fund to revive tourism industry
The new fund, which was announced by the Central Bank of Egypt (CBE) on Dec. 26, would finance maintenance and upgrades at hotels, tourist resorts and other tourism facilities with an interest rate of 10%. The CBE also decided to extend the grace period for tourism investors to pay their debts until 2018. Funds would…
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On Cue With Elon Musk, A Solar Power Company Blooms In The Egyptian Desert
Smart entrepreneurs will get ahead of that curve. In Cairo, I met the CEO and chief architect of a company, Karm Solar, that has been in the forefront of solar since 2011 — back when solar was in the doldrums. I first read about Karm Solar in Startup Rising, a book by U.S.-based venture investor Christopher…
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Critical film unnerves Egypt’s religious scholars
The film, called “Mawlana” (“Preacher”), has been screened at cinemas nationwide since Jan. 4. It has stirred up controversy among Islamic scholars who accuse its makers of tarnishing their reputation and call for it to be pulled from theaters. “Works that address religious texts should be reviewed by religious institutions before being made into films,”Shoukri…