HDB loan portfolio jumps 20 pct: paper
Housing and Development Bank’s retail loans portfolio grew to LE 2.5 billion last May, compared to LE 2.1 billion, a 20 percent increase, reported Al-Mal. HDB deputy chairman,…
Egypt refining co in advanced financing talks
Egypt-based private equity firm Citadel Capital said a company in which it is an investor was in advanced talks to secure $2.35 billion in financing for a refinery project in…
Ban on live poultry to go nationwide
CAIRO: As of July 1, 2010, a ban on the selling of live poultry, which was in place since May 2009 across only five governorates, will be implemented nationwide. Head…
3 Tanta Flax managers sentenced to prison for arbitrary dismissals
CAIRO: In what an NGO describes as a “historic” verdict, three managers from the Tanta Flax and Oils Company have been sentenced to two years imprisonment for dismissing employees arbitrarily,…
Israel approves plan to ease Gaza blockade
JERUSALEM: Israel on Thursday approved a plan to ease its blockade of the Hamas-run Gaza Strip following weeks of international pressure, but provided few details on what new goods would…
Al-Halawani joins ENPPI to end Greek adventure
CAIRO: Amr Al-Halawani ended a five-year adventure in Greece to join ENPPI, the Egyptian Premier League side announced on Wednesday. The 25-year-old, who plays as a left-sided midfielder, joined ENPPI…
Zamalek complete Abou Kone signing
CAIRO: Zamalek have completed the signing of Ivorian striker Abou Kone from Military Production, the Cairo side said on Wednesday. "We've invoked a buy-out clause to sign Kone," Zamalek marketing…
Wotte named Ismaili coach
CAIRO: Dutch coach Mark Wotte returned to Ismaili for a second spell, the Egyptian Premier League club announced on Wednesday. The 49-year-old will succeed Emad Soliman, under whom Ismaili finished…
Rights activists criticize government reaction to human trafficking report
CAIRO: Human rights activists criticized Thursday the foreign ministry’s rejection of a recent report on human trafficking published by the US Department of State. “We may understand that that government…
American on US no-fly list stranded in Egypt
CAIRO: A Virginia man said he has been stuck in limbo in Egypt for the last six weeks, living in a cheap hotel and surviving on fast food after his…
