Algeria appoints Shearman to advise on Orascom unit
Algeria has provisionally appointed law firm Shearman & Sterling LLP to advise it on the nationalization of Orascom Telecom's local mobile phone unit, the official news agency reported on Monday.…
Orascom Tel gains amid mixed Egypt shares
Egyptian shares were mixed Monday, with Orascom Telecom (OT) gaining after a local paper quoted the firm's chairman as saying a dispute with Algerian authorities would be solved by the…
Ulinzi captain ruled out of Zamalek clash
CAIRO: Kenyan club Ulinzi Stars will be without captain Stephen Ocholla when they play Zamalek in the African Champions League later in January. Ocholla has been injured in December, when…
Al-Hadari given Egypt lifeline
CAIRO: Essam Al-Hadari is in contention to be selected for Egypt’s crucial Africa Cup of Nations qualifier against South Africa, according to goalkeeping coach Ahmed Soliman. Al-Hadari, who recently…
Facebook denies shutting down in March
CAIRO: Facebook will not be shutting down on March 15, 2011, the social networking site’s Director of Corporate Communications Larry Yu said, quelling rumors that circulated this week. It is…
Syndicates wary of new elections law, demand immediate elections
CAIRO: Professional syndicate members said they are worried that the government would “ignore and reverse” a court order that deemed incumbent boards of all syndicates illegitimate, requiring new elections,…
Pope: Pakistan, others, must protect Christians
VATICAN CITY: Pope Benedict XVI urged Pakistan to reverse its blasphemy laws, saying Monday they were a pretext for violence against non-Muslims, and demanded that all governments do more so…
Divorce cases cost the state LE 7.75 billion annually
CAIRO: While Egypt’s divorce rate climbed up to 40 percent, divorce cases cost the State Treasury LE 7.75 billion annually, according to the latest study by the Central Agency for…
Egypt experts warn of full-blown currency war
CAIRO: Increasingly over the past few months, talk of a currency war breaking out between major economic powers has been common in policy circles, said Magda Kandil — the executive…
Israel slams criticism of hotel demolition
JERUSALEM: Israel on Monday strongly rejected criticism from the United States, European Union and Arab countries over the demolition of a well-known east Jerusalem hotel to make way for settler…
