This study was aimed to investigate the feasibility of bio- ethanol production by batch fermentation of kareish cheese whey. Two forms of whey; untreated (crude) whey containing 5% lactose and treated whey (deproteinized and concentrated to 14% lactose) were utilized. Fermentation processes were performed by two strains of Kluyveromyces marxianus and four strains of Saccharomyces cerevisiae which were previously recognized as ethanol- producing strains. Effects of different initial pH values, as well as, external supplementation of treated whey by four different nitrogen sources on the rate of ethanol production by two of the highest producing strains were also investigated. All the studied yeast strains were able to grow and produce ethanol from both crude and treated whey. Levels of ethanol production ranged between 3.4- 18.5g/l and 24.11-57.66 g/l from crude and treated whey, respectively. The most suitable initial pH maximizing ethanol yield was 5.5 and the best added nitrogen source was yeast extract. Maximum ethanol levels produced by K. marxianus ZMS3GU133329 and S.cerevisiae EC1118 from treated whey adjusted to pH 5.5 and supplemented by 0.3% yeast extract reached to 69.85 and 65.36 g/L, corresponding to 97.8 and 91.4% of the theoretical values, respectively. The kinetic parameters and productivity were calculated and discussed for all experiments.