Mokhtar Ibrahim launches new branch in Kuwait
Egyptian Contracting (Mokhtar Ibrahim) opened a new branch in Kuwait last week, Al-Alam Al-Youm reported. Ali Abu Halawa, CEO and managing director, said that the company is about to obtain…
Telecom Egypt CEO denies regional expansion plans
Telecom Egypt has no plans to expand elsewhere in the region for now, its chief executive said on Thursday after a report it would be interested if mobile operator Zain…
Egypt nudges up, acquisition news helps|
Egypt's benchmark index ended modestly higher with sentiment helped by news that Arabiyya Lel Estithmaraat bought an 85 percent stake in the Omar Effendi department store chain. Arabiyya, which closed…
Canadian Muslims erect first minaret in Arctic
OTTAWA: Canadian Muslims have erected the Arctic's first minaret, atop a little yellow mosque which serves as spiritual home to the area's fledgling Islamic community. The mosque arrived in Inuvik…
Egypt backs Palestinian demands as peace impasse persists
RAMALLAH: Egyptian Foreign Minister Ahmed Aboul Gheit on Thursday said there had been no "breakthrough" in efforts to revive Middle East peace talks during a rare visit to the West…
IMF says dollar ‘strong’; euro, yen, pound at proper value
WASHINGTON: The International Monetary Fund said the dollar was overvalued on the currency markets, while the euro, yen and pound were in line with fundamentals. "The real effective exchange rates…
Cameron returns to space with 2 ‘Avatar’ sequels
James Cameron will start writing the scripts for two "Avatar" sequels early next year, aiming to land the first one in theaters four years from now. Executives at 20th Century…
National council sets new minimum wage at LE 400
CAIRO: The National Wages Council (NWC) set the minimum wage at LE 400 Thursday, following an administrative court ruling on Tuesday that the government must set a minimum wage in…
‘Miral’ disappoints, ‘Chico and Rita’ delights at ADFF
A lack of excitement was the guiding sentiment most critics shared when the awards for the 2010 Abu Dhabi Film Festival were announced Saturday evening. The success of last year’s…
On the ‘Jewish state’ condition: A consensus of opposition
Although Palestinians explain in various ways their rejection of the recent demand by Israeli Prime Minister Benyamin Netanyahu of recognizing Israel as a Jewish state, there appears to be a…
