News In Briefs
National budget to reach LE 312.6 bln Prime Minister Ahmed Nazif announced the draft of the government budget for fiscal year 2008/2009, which is set at LE 312.6 billion, up…
OHD sees growth in annual results
CAIRO: Orascom Hotels and Development (OHD) released its full year 2007 consolidated international financial reporting standards (IFRS) results to end December. The top line grew 120 percent to reach LE…
Sudanese suspected of planning suicide attacks in Egypt on the run
AL-ARISH: Egyptian security forces launched a search late Friday for two Sudanese suspected of planning attacks against government installations and tourist resorts in the Sinai, an Egyptian security official said.The…
Brotherhood MPs boycott municipal elections
CAIRO: Muslim Brotherhood (MB) MPs announced their withdrawal from the local council elections in a press conference on Monday.Abdel Moneim Abdel Maqsoud, MB lawyer, told Daily News Egypt that the…
Mahalla protests rekindled after charges against 157 demonstrators
CAIRO: Public prosecutor Abdel Meguid Mahmoud announced Monday that 157 people involved in the demonstrations which erupted in Mahalla on Sunday have been charged with a range of offences including…
No competition for Egypt's ruling party in local elections
CAIRO: Citizens head to the polls today to vote for their local councilors with little competition in store for the ruling National Democratic Party.Up for grabs are 52,000 seats in…
Tribalism dominates municipal elections in North Sinai
CAIRO: The inherent tribalism present in Northern Sinai saw one family win the majority of council seats in Sheikh Zowayed and Rafah ahead of elections which begin today.The family of…
Citiscape to expand plant production business
ABU DHABI: Landscape contractor Citiscape is seeking to expand its plant provision in the UAE with plans to open three new nurseries over the next few years.The firm, which already…
PHD intends to float, list on CASE, London stock exchange
CAIRO: Palm Hills Developments (PHD) will conduct a global offering of its shares and global depositary receipts, the real estate developer said in a statement. The company will apply for…
PPP school deals to be revealed in late July
CAIRO: The winners of contracts to design, finance, furnish and build 345 new schools as part of Egypt's ongoing public-private partnership (PPP) program will be announced in late July, said…