Heineken unit aims to revive Egyptian winemaking
CAIRO: Heineken's Egypt unit said it is focusing on building its wine business, an unusual trade for the brewing giant, and wants to shift sales from tourists towards local customers…
Vodafone launches in-flight roaming service
Vodafone Egypt launched an in-flight roaming service aboard around 100 aircraft, available aboard EgyptAir where it is provided in partnership with OnAir, the telecom operator said in a statement. Vodafone…
Apicorp to exit two equity investments, reinvest proceeds
Arab Petroleum Investments Corp (APICORP) on Sunday said it was in "mature discussions" to divest two of its key equity stakes and reinvest the proceeds in new oil and gas…
OCI approves bond, eyes acquisitions
Egyptian builder and fertilizer maker Orascom Construction Industries (OCI) said on Monday it approved the issue of LE 1.65 billion ($289 million) of bonds for purposes including possible acquisitions. Ninety…
Orascom Development plans rights issue to fund growth
Real estate and hotels firm Orascom Development said on Monday it was tapping shareholders for 185 million Swiss francs ($183 million) to speed up growth and take advantage of low…
They’re not garbage: Zabaleen, Digla help spread peace through music
“If it was a good world, there would be ceasefire everywhere and people would be allowed to go into the conflict zones,” says 19-year-old Soliman El-Ashkar, in commemoration of the…
125 YouTube videos shortlisted for Guggenheims
Among the hundreds of thousands of videos uploaded daily to YouTube, surely a work of art is in there somewhere. Such is the premise behind "YouTube Play: A Biennial of…
‘The King’s Speech’ wins Toronto film fest award
"The King's Speech," a movie about a stammering British royal pressed to overcome a speech disorder to rally his empire at war, won the Toronto film festival's People's Choice Award…
Mansour claims Shikabala death threat
CAIRO: Further to his scathing attack on Shikabala, controversial attorney Mortada Mansour accused the Zamalek star of threatening to kill him during the Whites' 3-1 win over Smouha on Friday.…
Facebook fervor feeds ‘The Social Network’ fascination
Promises of elitism, geekdom, betrayal and greed are fueling anticipation for the Oct. 1 release of "The Social Network," Hollywood's take on the birth of social networking king Facebook. Facebook…