Kuwait's NBK acquires 93.77 pc of Egypt's AlWatany Bank
KUWAIT CITY: The National Bank of Kuwait, the country's largest bank, has acquired 93.77 percent of Egypt s AlWatany Bank in a deal worth more than $900 million, the bank…
Abraaj Capital's fund skyrockets
CAIRO: Abraaj Capital, a private equity investment firm in the Middle East, North Africa and South Asia (Menasa) region, announced recently a record $1.2 billion second closing of its Infrastructure…
Al-Wafd party president, journalists sentenced to one month in jail
CAIRO: Mahmoud Ahmed Abaza, president of Al-Wafd Party, Anwar Al-Hawary, chief editor of the party's daily newspaper, and Younis Darwish, the newspaper's reporter in Assiut, were sentenced in absentia to…
Egypt launches nuclear power program
CAIRO: President Hosni Mubarak said on Monday that Egypt is to build several nuclear power stations, relaunching a nuclear program frozen more than 20 years ago. Mubarak said during the…
Israel PM diagnosed with prostate cancer
JERUSALEM: Israeli Prime Minister Ehud Olmert on Monday announced that he had been diagnosed with prostate cancer that would require surgery to remove, but declared his intention to stay in…
Egypt, Kazakhstan partner to restore Baybars Mosque
CAIRO: Egypt and Kazakhstan signed Sunday an agreement to restore Al-Zahir Rukn Al-Din Baybars Mosque in Old Cairo with a joint funding of up to $1 million.Head of the Supreme…
Easy win for Egypt in Arab Games opener
CAIRO: Egypt basketball team kicked off their Pan Arab Games campaign on home soil with an easy 77-57 victory over Yemen.The victory put Egypt in charge of Group B with…
Hassan set for Ittihad exit in January
CAIRO: Hossam Hassan said on Sunday he intends to leave Alexandria-based club Ittihad when the transfer window reopens in January. I will meet with Mohamed Moselhi in the coming few…
