BSkyB in talks to launch Arabic news channel
LONDON: British pay-TV company BSkyB is in talks with a private Abu Dhabi investor to launch a round-the-clock Arabic language news channel under the Sky News brand. The new channel,…
CIB launches Hemaya investment fund
CAIRO: Commercial International Bank (CIB) launched Monday an open-ended investment fund named Hemaya, with a yearlong capital protection. According to the bank, Hemaya is the first of its kind in…
Young entrepreneurs win support after Injaz competition
CAIRO: Injaz wrapped up its fourth annual young entrepreneurs competition, with the three winning teams receiving support for their innovative ventures. The top three teams of the “Young Entrepreneurs of…
Judges’ Club expected to submit complaint against lawyers
CAIRO: The head of the Judges’ Club is expected to submit a complaint against a number of lawyers after the next appeal hearing of Ehab Saey El-Din and Moustafa Fatouh,…
Amonsito workers back to protest for unpaid pay pledges
CAIRO: Workers from the Amonsito textiles company have resumed protest action four months after redundancy pay pledges remain unpaid. On Monday workers gathered at the headquarters of the Egyptian Federation…
Appeal on Egypt’s TMG land ruling delayed
CAIRO: An Egyptian court on Wednesday delayed until Aug. 1 an appeal over the sale of 8,000 feddans (8,304 acres) of land for Talaat Moustafa Group's (TMG) flagship residential and…
Egypt, Tunisia bilateral trade rises 123 pct
Egypt’s exports to Tunisia increased by 104 percent in the first quarter of 2010 to reach $51.6 million, compared to $25.3 million during the same period last year, the trade…
OCI expands Europe ops with terminal buy
Orascom Construction Industries (OCI), Egypt's biggest listed firm by market cap, said on Wednesday it bought Dutch storage tank owner and operator MICRO Chemie as part of an expansion…
Naguib Sawiris eyes Poland, Serbia: report
Weather Investments, the holding company of Egyptian businessman Naguib Sawiris, is considering a move into Poland and Serbia after the success of its mobile operations in Italy, Sawiris was quoted…
Syria’s Assad says,10 years in power marked by US pressure
DAMASCUS: After years of enduring intense international pressure, Syrian President Bashar Al-Assad has engaged in a process of rapprochement with the West whose results remain unclear. Assad, who celebrates 10…
