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…
Egypt seeks to woo Arab tourists for Ramadan revels
CAIRO: With its cooler temperatures but more sizzling entertainment, Egypt has long been a prime destination for rich Arab tourists, especially from the Gulf states. This year, however, the authorities…
Palm Hills says wants Aswan money back by mid-Sept
Egyptian real estate company Palm Hills said on Sunday it had given a company that sold it land in southern Egypt until mid-September to return money from a cancelled deal…