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    <title><![CDATA[Nile University joins Intel's Middle East Energy Efficiency Research Center ]]></title>
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    <pubDate>Tue, 24 Nov 2009 16:22:55 +0400</pubDate>
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        Egypt: Nile University signed today an agreement with Intel to join the Middle East Energy Efficiency Research Center (MER) for developing more energy efficient solutions.  The agreement signing was attended by Eng. Taha Khalifa, Country Manager, Intel Egypt, Dr. Tawfik Arabi, Intel Senior Principal Engineer and Director of MER, Dr. Hazem Ezzat, VP of research at Nile University, and Dr. Yehea Ismail, Director of the Nano-electronics Integrated Systems Center at Nile University.  [AMEInfo.com]
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    <title><![CDATA[Egypt may see no drop in tourism in 2009, says official]]></title>
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    <pubDate>Tue, 24 Nov 2009 13:45:05 +0400</pubDate>
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        Egypt: The tourism industry in Egypt is beginning to turn around after a slow beginning this year, and the country is close to seeing no drop in tourism compared to a year ago, said Hisham Zaazou, senior assistant to the Minister of Tourism. Revenues and the number of visitors from last year are expected to be the same this year, as the effect of the crisis appears to be less severe than expected, he was quoted as saying by Daily News Egypt. Currently, the Egyptian tourism industry is 4-5% below last year's revenues, he said. 'We started the year with a negative growth, but the negative growth is going down," Zaazou added.  [AMEInfo.com]
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    <title><![CDATA[Egypt IT spending projected to reach $1.9bn by 2013]]></title>
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    <pubDate>Tue, 24 Nov 2009 12:29:01 +0400</pubDate>
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        Egypt: IT spending in Egypt is projected to reach highs of $1.9bn by 2013, reflecting a significant jump from its 2008 levels at $1.2bn, according to statistics released by Business Monitor International (BMI) in its 'Egypt Information Technology Report Q3 2009'. With factors such as growing foreign investment and government spending expected to bolster the growth over the forecasted period, SAS, the leading provider of business advisory and analytical intelligence, is confident that better risk management is vital to fuel the development of local businesses in the country. [AMEInfo.com]
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    <title><![CDATA[Damac Properties Egypt announces construction tender award for Park Avenue Desert Road]]></title>
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    <pubDate>Tue, 24 Nov 2009 11:26:33 +0400</pubDate>
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        Egypt: Luxury lifestyle developers, Damac Properties, today announced that Dar for Trading and Construction (DETAC) has been awarded the construction contract for Park Avenue, Cairo-Alex Desert Road. [AMEInfo.com]
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    <title><![CDATA[Orascom's Q3 profit down 41%]]></title>
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    <pubDate>Tue, 24 Nov 2009 11:18:31 +0400</pubDate>
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        Egypt: Egypt's largest publicly traded builder, Orascom Construction Industries, has reported a 41% fall in third-quarter net profit to $120.7m, Bloomberg has reported. Revenue from continued operations dropped to $933.4m from $991.9m a year earlier, OCI said. The company won construction projects totaling about $710m during the quarter, bringing the value of new contracts in the first nine months to $2.81bn. [AMEInfo.com]
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