Egypt signs 10 agreements on $405 million of American grants
CAIRO: The Egyptian Minister of International Cooperation Fayza Abul Naga has signed 10 agreements on financial grants provided by U.S. economic aid to Egypt at a combined value of $405…
Alkan chairman accepts Telecom Egypt offer
CAIRO: Alkan chairman Mohamed Nosseir has accepted Telecom Egypt s offer of LE 100 ($17.42) a share for the business group s 5 percent stake in Vodafone Egypt, a Vodafone…
EFG-Hermes receives online trading licence
CAIRO: EFG-Hermes announced yesterday that it has received approval from Egypt s Central Monitory Authority to launch and operate its online trading in Egypt.Since launching online trading in the UAE…
Jordanian Group to build $2 billion resort in Sahl Hasheesh
CAIRO: Jordanian-based Shaheen Group unveiled plans Wednesday to construct a $2 billion (LE 11.5 billion) resort in Sahl Hasheesh near Hurghada on the Red Sea. Construction on the project, aimed…
Diwan Book Chart
1) The Dreams by Naguib Mahfouz for L.E. 70AUC PressNaguib Mahfouz977424866x2) 7 Habits of Highly effective people by Stephen R. Covey for L.E. 89 Simon and Schuster14165024913) Muhammad a biography…
"Development Corridor" under study by the government
1,200 km highway has potential to boost economy but cost worrisomeCAIRO: A five-member ministerial committee began work this month to study the feasibility of constructing a 1,200 km North-South highway…
Telecoms interest pushes up Egyptian stocks
CAIRO: The two main Egyptian share indexes rose at least 1 percent on Wednesday on continuing interest in telecommunications after the Telecom Egypt offer to raise its stake in Vodafone…
Israeli agency head accuses Egypt of turning blind eye over Gaza border
JERUSALEM: The head of Israel s Shin Beth security agency accused Egypt on Wednesday of failing to stop arms smuggling into the Gaza Strip and called on the Egyptians to…
Egypt demands Hamas release Israeli soldier
CAIRO: Egypt has demanded that Hamas immediately release a captured Israeli soldier to avoid a worsening crisis in the violence-battered Gaza Strip, Palestinian officials and Arab diplomats said.The Egyptian demand…
Talaat El-Sadat: Chip of the old block
Outspoken government critic to run for top parliamentary positionCAIRO: In a brazen move by any independent or opposition politician, controversial Member of Parliament (MP) Talaat El-Sadat announced Wednesday that he…