Proud Uruguay face difficult recovery
CAPE TOWN: Uruguay coach Oscar Tabarez has reminded his team they still have a job to do at the World Cup despite their agonizing 3-2 semi-final defeat to the Netherlands.…
Maradona monument being proposed to honor icon
BUENOS AIRES: An Argentine legislator has proposed building a monument to honor Diego Maradona, whose future as Argentina coach has been uncertain since the team was eliminated by Germany in…
FIFA to keep monitoring Nigeria despite peace deal
JOHANNESBURG: FIFA will continue monitoring Nigerian football for political interference despite the government backing down on threats to remove its national teams from competition. FIFA was poised to suspend Nigeria…
Egypt readies bills to reform investment climate
CAIRO: The Ministry of Investment is currently moving forward with a set of new laws and amendments to develop the legal framework governing investment in Egypt, officials said in late…
White elephant worries for South Afric’s World Cup stadiums
POLOKWANE: The stadium in Polokwane, inspired by Africa's ancient baobab trees, stands idle after its last World Cup match nearly two weeks ago. Now this and other cities wonder: What's…
Run on German coach’s ‘lucky’ World Cup sweater
BERLIN: Football-mad Germans have snapped up the "lucky" blue cashmere sweater that German coach Joachim Loew gives partial credit for his side's World Cup winning streak, a retail chain said…
Sewedy says no agreement with Ethiopia over industrial zone
El Sewedy Cables has not reached any initial agreement with the Ethiopian government about establishing an industrial zone, said investor relations manager Ahmed El-Homosany, Al-Masry Al-Youm reported. The…
Egypt’s foreign reserves reach $35.2 bln at end-June
Egypt's net foreign reserves inched up to $35.22 billion in June, from $35.1 billion a month earlier, the Central Bank of Egypt said on its website on Wednesday. …
CBE lowers cash cover from importers to minimum 50 pct
The Central Bank of Egypt (CBE) reduced the cash cover requirement that importers have to provide to banks to finance their import transactions from 100 percent to 50 percent,…
Bahrain’s Ahli United boosts stake in Egypt bank
Bahrain's Ahli United Bank has increased its stake in Ahli United Bank Egypt to 85.1 percent from 79.6 percent, Egypt's bourse said on Tuesday. The Bahraini bank, which…