Petrojet hotshot Hamdi staying put
CAIRO: Egypt’s in-form striker Al-Sayed Hamdi is not tempted by interest from Ahly and Zamalek as he intends to achieve something for Petrojet. Hamdi has proven to be a revelation…
General Motors Egypt set for more investments, new models in 2011
CAIRO: Thanks to millions of dollars of investment and a restructuring of its operations in Africa, General Motors has been able to cut costs and increase its market share in…
Zamalek move for Olympic goalkeeper
CAIRO: Zamalek are in talks with second-division Olympic over the transfer of goalkeeper Mahmoud Abdul-Rahim ‘Gennesh’ to the Cairo club this winter. “I will travel to Alexandria to negotiate the…
Foreign investor appetite to bolster Egypt in 2011
CAIRO: Investors are likely to pour more funds into Egypt in 2011 as a strengthening economy and attractive yields outweigh a fragile social backdrop and uncertainty ahead of a presidential…
Russia’s LUKOIL output falls 1 pct in 2010
Russia's second largest oil producer, LUKOIL, saw its crude oil output fall 1 percent to 96 million tons in 2010 on higher domestic deposit depletion, the company said on Thursday.…
Number of Turkish tourists to Egypt up 37.5 pct
The number of Turkish tourists, who visited Egypt, increased 37.5 percent to 64,000 in 2010 when compared to 2009, reported Al-Masry Al- Youm. Egypt's Turkey Tourism Office stated on Thursday…
Mido training with Middlesbrough
CAIRO: Free agent Mido surprisingly returned to Middlesbrough's Rockliffe Park headquarters, where he will be training for a while. The Egyptian nomad, who turns 28 next month, has been without…
Fitch affirms Egypt’s rating at ‘BB+’; outlook stable
Fitch Ratings has affirmed the Arab Republic of Egypt's long-term foreign currency Issuer Default Rating (IDR) at 'BB+' and long-term local currency IDR at 'BBB-'. Both ratings have Stable Outlooks.…
Mark Twain remains censored, and uncensored
Mark Twain was the kind of man who might tell an off-color joke, then grievously apologize, who wrote stories and essays he knew would offend and kept others private…
Al-Wafd freezes memberships of seven dissident MPs until further notice
CAIRO: The High Committee of Al-Wafd party decided to freeze the memberships of the seven dissident MPs who defied the party’s decision to boycott the People’s Assembly (PA) runoff elections…
