Rasmala Investments Holdings acquires 51 pct of Delta Financial Group
CAIRO: Rasmala Investments Holdings today announced that it has acquired 51 percent of the Delta Financial Group in Egypt, according to a press statement.This group includes Delta Securities Egypt, one…
ExxonMobil launches industrial gear lubricant
CAIRO: ExxonMobil Egypt celebrated Tuesday the arrival of the new Mobilgear 600 XP Series of premium industrial gear oils to the Egyptian market. Mobilgear 600 XP is formulated to protect…
AAIB launches Egypt's first merchant loan program
CAIRO: Arab African International Bank (AAIB) launched its merchant loan program - the first of its kind in Egypt - providing merchants with low-cost financing to expand their business.The loans…
Nuclear energy, the way forward?
CAIRO: With Egypt on the verge of announcing the rebirth of its nuclear energy program, many support the nuclear choice to compensate for dwindling non-renewable sources despite environmental concerns. President…
Israel's security chief says Egypt has power to cut smuggling into Gaza
WASHINGTON: Israel s security chief said Tuesday that Egypt has the power to immediately stop smuggling into the Gaza Strip.Internal Security Minister Avi Dichter made the comments after a meeting…
Egyptian acquitted, 3 ringleaders convicted in Madrid terror bombing trial
MADRID: Three lead defendants in the 2004 Madrid train bombings were convicted of mass murder and other charges Wednesday, but another accused ringleader was acquitted in the culmination of a…
China to build first ever foreign industrial zone in Egypt
CAIRO: China is to build its first ever foreign industrial zone in Egypt in a project that is expected to draw $2.5 billion in investment, Egypt s Trade and Industry…
DP World takes over Egyptian port operator
DUBAI: Dubai government-controlled DP World on Wednesday said it had moved into the Egyptian maritime market for the first time, buying a 90 percent stake in a container port operator…
Police catch 8 Eritreans, 2 Sudanese trying to get to Israel
AL-ARISH: Egyptian authorities detained eight Eritreans and two Sudanese early Wednesday in two separate incidents as they tried to make their way to Israel, a security official said.The Eritreans were…
Al Ahly missing key figures against Ismaili
CAIRO: CAF Champions League finalists Al Ahly will miss a number of key players when they visit Ismaili in the Egyptian league crunch game today.Defense trio Emad Al-Nahhas, Ahmed Al-Sayed…
