Hilton expands into in Marsa Alam
CAIRO: Hilton Worldwide announced an agreement with Concord Co. to bring Marsa Alam its first Hilton-branded hotel by 2012.The 370-room property will be located approximately 20 km south of Marsa…
Croatia, Egypt want to boost economic ties
ZAGREB: Croatia and Egypt agreed on Saturday to boost their economic cooperation during a visit by Egyptian President Hosni Mubarak in Zagreb, the Croatian government said in a statement.The two…
London emporium Harrods selling gold bars
LONDON: London emporium Harrods has started selling gold bars, the plush department store announced on Friday, just two days after the precious metal hit a record high in commodity market…
Despite Nobel, Obama finds Mideast peace elusive
WASHINGTON: He has pushed and cajoled in grand statements and closed-door meetings, but President Barack Obama - a newly-minted Nobel Peace Prize winner - is finding Middle East peace remains…
Hamas delays response to Palestinian unity deal
GAZA CITY: Hamas has delayed sending a delegation to Cairo to give its response to an Egyptian-proposed Palestinian reconciliation deal, a senior official in the Islamist group told AFP on…
Egypt has freed most Palestinian prisoners, says security official
CAIRO: Egypt has returned most of its Palestinian prisoners to Hamas and still holds only a small number, security officials said days after the brother of a senior Hamas member…
Muslims concerned about Israeli settlements, says Mubarak
ROME: Egyptian President Hosni Mubarak said Saturday the entire Muslim world was concerned about Israel s settlement construction in Palestinian territories, ANSA news agency reported.Mubarak, who met with Italian Prime…
Security arrests 20 Brotherhood members in new crackdown
CAIRO: Security forces arrested 20 members of the Muslim Brotherhood (MB) group in Al-Mansoura, Al-Dakahalia governorate, according to Abdel-Moneim Abdel-Maqsoud, the group's lawyer.Abdel-Maqsoud told Daily News Egypt that the arrests…
INTERVIEW: Egypt's Concord planning real estate fund
CAIRO: Concord International Investments, which manages $1.4 billion in Egyptian securities, is working on three projects and is planning to set up an equity fund by next summer, its chairman…
African banking experts convene in Sharm El Sheikh
CAIRO: The Mediterranean Smart Cards Company (MSCC) held a conference in Sharm El-Sheikh this weekend bringing together banking, bank processing, and card experts from around Africa to discuss the future…