Zamalek hang on for first African Champions League win
CAIRO: Zamalek survived two late scares to edge Dynamos of Zimbabwe 1-0 Sunday and collect their first points in the 2008 African Champions League group phase.Giantkillers Dynamos exposed five-time African…
ADFS acquires controlling stake in Al Salam Brokerage
CAIRO: Abu Dhabi Financial Services Company (ADFS) acquired a controlling stake in Al Salam Brokerage Company, an Egyptian joint company.ADFS, the financial brokerage arm of National Bank of Abu Dhabi…
Muslim states urge UN to stall Beshir arrest warrant
JEDDAH: Islamic countries urged the UN Security Council on Monday to stall any move by the International Criminal Court to issue an arrest warrant for Sudanese President Omar Al-Beshir.Ministers from…
Egypt to supply 200 MW of power to Lebanon, says minister
BEIRUT: Egypt is to supply power-starved Lebanon with 200 megawatts (MW) of electricity to help it meet a drastic shortfall, Lebanon's Energy Minister Alan Taburian said on Monday."Egypt has an…
Steel prices surge again, Investment Minister announces new plant
CAIRO: In a week that has brought a flurry of headlines to the steel industry, the Egyptian Iron and Steel Company announced its plan to increase steel prices from LE…
Concord's equity fund acquires shares in Lecico Egypt
CAIRO: Concord International Investments announced that its New York-based private equity funds acquired 8.16 percent of Lecico Egypt's share capital, the firm said in a statement. Coral Growth Investments Limited…
Inflation, global stock decline hit Egypt's bourse
CAIRO: Concerns about inflation and the decline in global stock markets dragged Egypt's benchmark CASE 30 index to its lowest in more than nine months on Monday, traders said.The index…
Alexander Solzhenitsyn, Russia's Dante of the gulag
MOSCOW: Alexander Solzhenitsyn, who died Sunday aged 89, ranked with Nelson Mandela as a figure of towering moral authority who for a generation embodied his people s hopes for a…