Candlelight vigil held for Italian activist
CAIRO: Hundreds gathered in front of the Italian Embassy in Cairo Tuesday evening to honor 36-year-old Italian activist Vittorio Arrigoni, whose body was found Friday, hours after a video…
Two dead, eight injured in Minya sectarian clashes
CAIRO: Two Muslims were killed and eight injured in what started out as an altercation over a speed bump, and turned into a sectarian conflict on Tuesday in Abo Korkas…
Arab League delays summit on regional unrest
CAIRO: Arab states have agreed to postpone a summit that was scheduled for May 11 in Baghdad, the Arab League announced on Wednesday, amid disputes over the venue and popular…
KADCO agrees to hand back Egypt land: govt
CAIRO: Saudi billionaire Prince AlWaleed bin Talal's Kingdom Agricultural Development Co. (KADCO) agreed to give back most of the land it was allocated for a farming project in southern Egypt,…
South Africa puts continent high on BRICS’ agenda
CAIRO: The third summit of the BRICS leaders — heads of state and government from Brazil, Russia, India, China and South Africa — concluded in Sanya, Hainan Province, China on…
UAE’s Dana Gas plans London listing
ABU DHABI: Dana Gas plans to list its shares in London to gain a wider investor base and boost its stock value, a senior company official said on Wednesday. Dana,…
IFC fund invests in Bahrain’s Ahli United Bank
CAIRO: The International Finance Corporation’s (IFC) Capitalization Fund will support expansion plans of Bahrain’s Ahli United Bank with a $125 million investment in equity and $165 million in subordinated debt.…
Egypt’s Amer says scrapping Porto Marina expansion
CAIRO: Egyptian real estate company Amer Group said on Wednesday it was scrapping plans to expand its Porto Marina Golf resort due to the economic slowdown. Chief Financial Officer Hisham…
CI Capital, CIB to partner with China Development Bank
CAIRO: Investment bank CI Capital and Commercial International Bank will develop a partnership with China Development Bank that includes international syndicated loans for investment projects, according to a statement. The…
Amr Moussa supports El-Fiqqi as his Arab League successor
CAIRO: Secretary General of the Arab League Amr Moussa said Tuesday that he supports the Egyptian candidate, Mostafa El-Fiqqi, as his successor over the Qatari candidate. Moussa rejected criticism of…