Barakat refuses to come out of international retirement
CAIRO: Mohamed Barakat says he was not named for Egypt's friendly match with DR Congo because he had already retired from international football. Several sport pundits called on Egypt coach…
Brotherhood members arrested in Alex for promoting petition for change
CAIRO: Muslim Brotherhood members were arrested in Alexandria while gathering signatures for the National Coalition for Change’s petition for change. The Arab Network for Human Rights Information (ANHRI) says that…
Chairman to head Ahly contingent in Algeria
CAIRO: In an attempt to ease the tension between Egypt and Algeria, Ahly president Hassan Hamdi decided to head his side's contingent that will travel to JS Kabylie in mid-August.…
Wadi Holdings to expand in Egypt with $25 mln IFC loan
CAIRO: Wadi Holdings, a family-owned Lebanese agribusiness company, is gearing up for a two-year $100 million expansion plan in Egypt. Some of that money will come from a $25 million…
Prosecution office summons author, editor over ‘blasphemous’ book
CAIRO: The North Giza Prosecution office has summoned the writer of the controversial book “Trial of the Prophet Mohamed,” Anis El-Deghedi, after a complaint was filed against him by two…
Jews, Christians and Muslims reading scripture together
TORONTO: When do Jews pray? Do they have a prayer book? Which direction do they face when they pray? These questions were directed to a Canadian Jew by his new…
Bank Audi sees growth in Egypt market
CAIRO: Bank Audi’s total assets in the Egyptian market reached LE 14.1 billion by the end of June 2010, Chairman and Managing Director Hatem Sadek said at a conference Sunday.…
Airbus sees over 50 Mideast plane orders in 2010
CAIRO: Airbus is on track to secure orders for over 50 aircraft in the Middle East and North Africa this year as the industry recovers from a dismal 2009, a…
APICORP net income up 95 pct
The Arab Petroleum Investments Corporation (APICORP), a multilateral bank, reported a net income of $47 million for the first six months of 2010, a 95 percent rise over the same…
Egypt refining co secures $2.6 bln loan: Citadel
Egypt-based private equity firm Citadel Capital said on Monday a company in which it is an investor had secured $2.6 billion in financing for a refinery project in the Cairo…