EFG Hermes approves LE 2.9 billion Abraaj offer
EFG to use money for regional expansion, e-trading networkCAIRO: EFG Hermes shareholders approved on Sunday Abraaj Capital s offer to purchase 97 million shares, representing a 25 percent stake, at…
Orascom one of 11 firms interested in Bosnian Serb telco sale
BANJA LUKA, Bosnia: Eleven firms, including France Telecom and Deutsche Telekom-owned Magyar Telekom, have shown interest in the sale of Bosnia s Telekom Srpske, the government said on Tuesday. These…
Annan, in Egypt for talks, sees end of Israel blockade of Lebanon in 48 hours
Agence France-PresseALEXANDRIA: Israel should lift its blockade of Lebanon within 48 hours, UN chief Kofi Annan said Tuesday in Egypt as he stepped up efforts to release Israeli prisoners and…
Yearly Aida ritual missing the subtleties, but strong on extravagance
CAIRO: Verdi s Aida looks, feels and sounds like a true opera. Costumes, settings and performances are all extravagant. From the beginning, it is clear the viewer is in for…
The Red Zone
I have not read the interview that Dr. Hossam Badrawi gave to Al-Wafd newspaper on his proposal to nominate Mr. Gamal Mubarak as President, but I did read the correction…
"Last town in Egypt" agonizes as Gaza closure drags on
Agence France-Presse RAFAH: As Gaza Strip Palestinians remain trapped in their tiny war-battered territory by an Israeli blockade, the Egyptian side of the border town of Rafah slowly sinks into…
Up to five dead in yet another train crash
CAIRO: An Egyptian passenger train and a freight train collided head-on on Monday, killing up to five people and injuring 28 others in the second fatal rail crash in Egypt…
Bird flu re-emerges in Egyptian poultry after lull
Reuters CAIRO: Egypt has detected four new cases of bird flu in poultry, the first infections found in two months of a disease that has killed six people in the…
Mosque imam faces charges over fatwa termed anti-Semitic
CAIRO: Mosque Imam Safwat Hijazi is facing a legal investigation by Egyptian authorities for a fatwa that he issued earlier allowing the killing of Israeli military officials and soldiers visiting…