Ismaili avenge Ahly loss in Egyptian derby
CAIRO: Ismaili claimed a morale-boosting 4-2 victory at home to fellow Egyptians Al Ahly in the CAF Champions League on Sunday, softening the blow of their elimination from the competition.…
Heikal claims Nasser was poisoned by his successor
CAIRO: In another twist in the tale of Gamal Abdel Nasser’s death, prominent journalist Mohamed Hassanein Heikal implied on his show “Tagrobat Al-Hayat” that the late president was killed by…
Egypt plans to relocate cement factories
CAIRO: Starting next year, Egypt will embark on a relocation project which should eventually see cement factories moved out of the Helwan governorate. Minister of Trade and Industry Rachid Mohamed…
Egypt says has enough wheat to avert unrest
Egypt has secured the wheat quantities it needs to avoid shortages in subsidized bread and would not face a rerun of riots in 2008 over bread shortages, the trade minister…
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…