Vimpelcom seeking new terms for Orascom, Wind deal
MOSCOW/CAIRO: Vimpelcom wants to renegotiate a $6.6 billion bid for control of telecoms assets owned by Egyptian businessman Naguib Sawiris, who said he would consider changes to the shareholder structure…
Qatar: 77 million ton giant
By John Defterios While the football world and all its fans were rightly focussed on Qatar 2022 — a story kept on the boil by FIFA President Sepp Blatter — the…
KidZania to open in Cairo
Edrak for Edutainment Projects Development Company acquired exclusive franchise rights for Egypt to launch Africa’s first KidZania, which will open in the fall of 2012, according to a statement. Tarek…
Cairo to host first London Business Forum in ME
The London Business Forum Middle East will launch its first event in the region titled “Building the Great,” taking place Feb. 15-16 in Cairo. Through its Middle East Chapter, the…
Delta Sugar to up production in 2011: reports
Egypt’s Delta Sugar will start construction on two plants next year and is seeking to acquire land for a third factory, Al-Mal newspaper reported, citing Chairman Abdelhamid Salama. Bloomberg cited…
Iran quake kills seven, wrecks villages
TEHRAN: A 6.5-magnitude earthquake struck southeastern Iran, wrecking villages, bringing down power lines, and killing up to seven people and injuring hundreds more, Iranian media reported on Tuesday. The late…
55,000 displaced south Sudanese return ahead of referendum
GENEVA: Some 55,000 displaced southern Sudanese have returned to their homeland from the north in the last few weeks, ahead of a key referendum on south Sudan's independence, the UN…
Russia to help Egypt build first nuclear power plant
By APA Trade and Industry Minister Rachid Mohamed Rachid said that Russia has confirmed its participation in a tender to build Egypt’s first nuclear power plant, reported the Africa Press…
Pressure mounts on Ivory Coast’s Gbagbo to leave
ABIDJAN: West African leaders called Tuesday on Laurent Gbagbo to "yield power with dignity without further delay" weeks after the country's disputed presidential runoff vote as international pressure mounted on…
Syria eyed Israel for 2008 killing, says leaked US cable
NICOSIA: Syria suspected Israel of carrying out the 2008 murder of a top security aide of President Bashar Al-Assad, according to US diplomatic cables leaked by WikiLeaks and published by…
