TE to keep Vodafone Egypt ownership structure
CAIRO: Telecom Egypt, Egypt's fixed-line monopoly, said on Tuesday it would not increase its 45-percent stake in Vodafone's Egypt unit following talks with the British firm, Reuters reported. "The parties…
Dominican champion swims across the world to promote MDGs
CAIRO: When Dominican Republic and world ultra distance open water swimming champion, Marcos Diaz, was invited at a high school United Nations model to speak about UN Millennium Development goals…
Singapore, Egypt to cooperate in transport
Transport Minister Alaa Fahmi met Hungary and Singapore ambassadors in Cairo to discuss an exchange of expertise in the transport domain, the State Information Service reported. Fahmi also met Singapore…
Ain Sokhna port hits snags
Exporters say that an ongoing dispute between the Egyptian government and Dubai World, the company which runs the port of Ain Sokhna, has resulted in a halt on cargo exports…
Egypt government plans to improve irrigation, water use
Egypt needs a plan to develop its irrigation system and optimize its water sources, Prime Minister Ahmed Nazif said yesterday in a meeting attuned by the ministers of finance, agriculture,…
OCI secures loan for DSM deal: paper
Orascom Construction Industries (OCI), Egypt's biggest listed builder, has secured a loan worth more than €175 million ($212.6 million) to part finance the buying of assets from Dutch chemicals group…
Ezz Steel profit jumps, sees strong outlook
Egyptian group Ezz Steel said on Wednesday first-quarter net profit surged 78 percent and strong domestic demand and a recovery in global flat steel prices would continue to boost margins.…
Saudi to probe MTV film on young that angered conservatives
An MTV documentary on young people challenging Saudi Arabia's ultra-strict Islamic social code has sparked uproar among conservatives and court and government investigations, officials said Tuesday. Traditionalists have filed a…
Prince of Persia: Swashbuckling fun, but history lost in Sands of Time
The latest production based on a popular video game, “Prince of Persia: The Sands of Time” is great fun, filled to the sword hilt with swashbuckling adventure, mysticism and all…
Court keeps ban in Al-Hadary transfer case
GENEVA: World sport's top court on Tuesday made a final ruling in the controversial transfer of Egyptian goalkeeper Essam Al-Hadary in 2008, upholding FIFA's four month ban on the player.…