Nile Air orders 9 Airbus 321s at Dubai Airshow
DUBAI: The Cairo-based airline startup Nile Air placed firm orders for nine Airbus 321s, the European plane-maker said Wednesday. The aircraft will cost $792 million at list prices.The airline, owned…
US keeps people guessing as Mideast meet approaches
WASHINGTON: Just two weeks before an international Middle East conference in Annapolis, Washington has the world guessing about a gathering aimed at jumpstarting the Israeli-Palestinian peace process. Officials have not…
International Jerusalem Forum decries fate of city
ISTANBUL: A mass outpouring of condemntaion over the fate of Jerusalem marked the opening of Al-Quds International Forum in Istanbul Thursday where a plethora of organizations gathered to discuss the…
Mubarak stresses social justice in parliamentary speech
CAIRO: President Hosni Mubarak stressed the importance of achieving "social justice and securing a better life for the lower-income bracket in his keynote speech at the parliament's inauguration Wednesday.Maintaining the…
60 border tunnels to Gaza in uncovered in 10 months, says report
RAFAH: Egypt has uncovered 60 tunnels along its borders with the Gaza Strip and seized about 20 tons of explosives in the Sinai Peninsula over the past 10 months, said…
Banking sector has been steadily improving
CAIRO: The fourth "Enta Wel Bonook (You and Banks) conference and exhibition - held under the auspices of the Central Bank of Egypt - concluded Wednesday on notes tackling privatization…
Naeem Holding to commence acquisition of Naeem KSA
CAIRO: Naeem Holding board of directors decided to take initial steps to acquire a controlling stake in Naeem KSA ranging between 75-80 percent of the company's overall capital. The company…
CMA CGM shipping group opens Egypt office
CAIRO: On account of building the world's third largest container shipping company, Jacques Saadé, founder and chairman of the CMA CGM shipping group, was recently awarded an honorary degree by…
BBC Arabia comes to town
CAIRO: The British Broadcasting Corporation (BBC) is preparing to launch its integrated Arabic-language TV station ­- a first for the region - incorporating radio, television and online media. In preparation…
World Bank chief meets Mubarak on economic reformsms
CAIRO: World Bank chief Robert Zoellick met on Thursday with Egyptian President Hosni Mubarak on his first trip to Cairo as head of the development lender, the official Mena news…