I switched to a defensive role, says Shawky
CAIRO: Egypt midfielder Mohamed Shawky revealed that he has been asked to play as a central defender against Argentina on Wednesday. The coach (Hassan Shehata) started the game with a…
Dubai unveils culture projects
DUBAI: The Gulf emirate of Dubai announced on Wednesday plans to build a series of cultural projects such as libraries, theaters and museums, including one dedicated to Prophet Mohamed. The…
US expresses regret; Egypt angry over Suez killing
CAIRO/MANAMA: The US expressed regret over the shooting of an Egyptian near the Suez Canal by a cargo ship chartered by the US navy.Foreign Minister Ahmed Aboul Gheit said Egypt…
PA speaker recommends Brotherhood political party
CAIRO: Ahmed Fathi Sorour, Speaker of the People's Assembly (PA) made an unusual comment that it was time for the Muslim Brotherhood (MB) to establish a legitimate political party.Sorour's statement…
Palestinians discuss proposal for Israel ceasefire in Egypt
RAFAH: A delegation from Hamas and Islamic Jihad met with Egyptian security officials Thursday to discuss a ceasefire proposal with Israel that was prepared by Egypt in consultation with the…
Will wind and sun power Egypt's future?
CAIRO: Could Egyptian windmills one day eclipse Saudi oil wells? Capitalizing on the publicity afforded by his parent company Renova's sponsorship of the Argentina-Egypt football match this week, Avelar Energy's…
Rice exports banned for 6 months
CAIRO: Rice exports have been suspended for six months starting April 2008, announced the Minister of Trade and Industry, Rachid Mohamed Rachid, according to local newspapers. The decision aims at…
CMA approves amendments on short-selling
CAIRO: Ahmed Saad Abd El-Latif, the chairman of the Capital Market Authority (CMA), approved on Wednesday the new amendments on short-selling, which enable investors to sell borrowed shares, reported Al…
Government proposes investing pension fund surpluses
CAIRO: A senior finance ministry advisor said on Wednesday that the controversial draft pensions and social insurance law was about to be finalized and presented to the PA.Mohamed Ahmed Moeed,…