Orascom Development capital increase to go ahead
CAIRO: Swiss-based developer Orascom Development will go ahead with a capital increase it called off in April after detecting irregular trading on its Swiss shares, its chairman said on Monday.…
ConnectmeTV CEO to receive Forty Under 40 Award 2010
CAIRO: Ahmed Metwally, ConnectmeTV CEO, was selected out of 120 nominees for the Forty Under 40 Award in Ottawa, a Canadian publication announced. Metwally will receive the award in a…
Sewedy Cables to sign contract with Mozambique
CAIRO: Egypt's El Sewedy Cables will sign a contract by end May with Mozambique's state electricity utility to reinforce the distribution networks in two cities there, the firm said in…
Oil slips below $70, hitting three-month low
LONDON: US oil prices fell below $70 a barrel on Monday to their lowest in over three months, extending a loss of more than 17 percent so far in May…
Trika not thinking about Zamalek yet
CAIRO: Ahly's talismanic playmaker Mohamed Abou-Trika is not concerned yet with his side's potential Egyptian Cup clash against arch-rivals Zamalek. Both sides are expected to overcome lower division teams and…
International press criticizes new Nile Treaty, Egypt's attitude
CAIRO: International media are being reticent in their support of the new Nile Treaty, signed in Entebbe last week, questioning the move of the four signatory countries to enact a…
Islam Online staff to launch new website
CAIRO: Staff of disputed Islamic Resource Islam Online (IOL) are preparing to launch a new website after a two-month row between its employees and the website’s Qatari funders, according to…
Naseer Shamma launches '1,350,000 Flowers Initiative'
CAIRO: As part of the Arab World Social Innovation Forum (AWSIF), three new social initiatives were launched, the most prominent of which is the “1,350,000 Flowers Initiative,” by globally renowned…
Algeria warns Orascom Telecom over sale talks
SIDI ABDALLAH, Algeria: The Algerian government said on Monday Egyptian Orascom Telecom should not try to sell its Algerian unit to anyone other than the Algerian government. Orascom Telecom had…
Rights group demands lifting travel ban from Quranist
CAIRO: Security forces must not prevent a Quranist blogger from traveling abroad, an NGO said Monday. The Egyptian Initiative for Personal Rights (EIPR) called on the State Security Investigations body…
