Abbas reappointed Zamalek chairman
CAIRO: Mamdouh Abbas has been reappointed as Zamalek chairman by the Egyptian Higher Council for Sport (HCS) on Tuesday.The HCS said in a statement that the new board of directors…
Syria puts 12 on trial over call for democracy
DAMASCUS: Twelve opposition activists who signed a declaration calling for democracy in Syria went on trial Wednesday and rejected all prosecution charges, a human rights group said. The 12 Damascus…
Hamas officials in Egypt for talks
CAIRO: Officials from the militant Palestinian group Hamas arrived in Cairo Tuesday for talks with Egyptian officials on a prisoner exchange with Israel and ways of ending a yearlong rift…
Egypt, South Africa support 12-month reprieve for Beshir
PRETORIA: Egypt and South Africa Tuesday expressed their support for a 12-month delay of efforts to indict Sudanese President Omar Al-Beshir for war crimes at the International Criminal Court (ICC).…
Emir's family members charged with exploitation in Belgium
BRUSSELS: Seven family members of a deceased Emir from the United Arab Emirates were charged Tuesday with exploiting servants while living in a luxury Brussels hotel, Belgian authorities said Tuesday.The…
Negative rating, high expectations impeded Banque Du Caire auction
CAIRO: Hit by a series of unfortunate events - from a record-high inflation rate to Moody's negative rating - it seems that the auction of state-owned Banque Du Caire was…
Business Focus: ONE ON ONE: Citibank employs wholesale banking strategy
CAIRO: The smell of progress is quite literally in the air at Citibank Egypt these days. Their new office complex in Katameya sits at a nexus of construction in one…
Egypt's stock exchange tumbles to new low
CAIRO: Egypt s bourse rang the distress bell for two consecutive days this week - plunging 4.21 percent - after shares of both Orascoms dragged the benchmark stock index to…
BANK PROFILE: AAIB builds on domestic growth to expand regionally
CAIRO: Capitalizing on its growth in the Egyptian market, Arab African International Bank (AAIB) is looking to act as the gateway for international investments into the regional market."AAIB is currently…