Ahly consider Arsenal exhibition
CAIRO: Ahly have received an offer to play in a summer friendly tournament in July, where they can meet 13-time English champions Arsenal.Assistant coach Hossam Al-Badri told FilGoal.com that the…
Shikabala tipped for £1M Celtic move
CAIRO: Zamalek ace Mahmoud "Shikabala Abdel-Razeq is tipped for a £1 million switch to Scottish giants Celtic this summer, according to agent Georg Stanggassinger.Stanggassinger, who represents Shikabala, revealed that the…
YSL auction fetches record price for Matisse
A painting by Henri Matisse sold Monday for ?32.1 million ($41.1 million) - a record price for a work by the French artist at auction - at a sale of…
Egypt index follows world markets higher, OCI jumps
CAIRO: Egypt s main stock index jumped over 2.5 percent on Wednesday, following global markets higher, with strong gains in Orascom Construction Industries. Shares in heavyweight OCI surged 4.28 percent…
African Union, US condemn deadly attack in Egypt
ADDIS ABABA, WASHINGTON: African Union president Jean Ping and US officials have denounced the attack in Cairo that killed a French teenager and wounded 25 other people, most of them…
Fatah and Hamas 'break the ice' in Egypt
CAIRO: Palestinian rival groups Fatah and Hamas held a series of icebreaking meetings ahead of wider reconciliation talks aimed at repairing the gaping rift between the two groups, members said…
Experts debate validity of 'Correction Wave'
CAIRO: While reaching a consensus that the push for change has taken a socio-economic rather than a strictly political direction, Egyptian intellectuals, analysts and political activists are still debating the…
Israel's Livni warns of another Gaza operation
JERUSALEM: Foreign Minister Tzipi Livni on Wednesday warned that Israel would launch another military operation in Gaza if the alleged smuggling of arms from Iran to the territory s Hamas…
IN DEPTH: Savings and loans: A balancing act for Egypt's banks
Determining policies for saving and lending is proving to be a balancing act these days, and, at times, a game of patience in dealing with the financial crisis while maintaining…
It's high time for reform, say banking experts
Despite the air of uncertainty hovering over world markets, focusing on modernization and going forward with reform is the only route towards economic development in the region, experts said at…