Mido banned, teammates claim verdict too harsh
CAIRO: Egyptian striker Mido should not have rowed with team coach Hassan Shehata but his instant six-month ban is too harsh, his teammates said on Wednesday.Mido will miss Friday s…
Telecom Egypt considers third mobile license bid
CAIRO: Telecom Egypt said on Tuesday it was considering bidding for Egypt s third mobile license, but denied it was holding any talks to sell a stake in Vodafone Egypt…
Regulating a free market
CAIRO: Egypt s competition law was first drafted in 1995. Ten years later, after numerous revisions and modifications, the law was finally passed by parliament in February of last year.…
Despair for most
SAFAGA, Egypt: It was a long, unhappy weekend in Safaga.Ben Wederman was at breakfast. In person, he looks like Van Morrison. The rest of the media was there as well,…
Sending mixed signals
CAIRO: A series of events have unfolded in recent weeks thrusting Muslims and their faith equally into the focus of the media. Islamic scholars, activists and moderates, however, caution that…
EFG Hermes awarded investment banking deal
CAIRO: EFG-Hermes, a key player on the Cairo and Alexandria Stock Exchanges and a mover and shaker in the industry, is lending its expertise to the MENA region, while at…
Coca takes her designs overseas
CAIRO: As though competition within Egypt is not strenuous enough, Jaylan "Coca Ezzat has been providing her interior designing spaces to clients based outside of Egypt, and in other cases…
Ripplewood to buy stake in Egypt's CIB
CAIRO: A group led by U.S. fund Ripplewood Holdings will buy an 18.7 percent stake in Egypt s Commercial International Bank (CIB) for $227 million to $244 million, a banking…
Nour's wife denied visitation rights
CAIRO: Ayman Nour's wife and El-Ghad party spokesman, Gamilla Ismail, was prevented from visiting her husband, who is currently in the midst of his sentence in Tora Mazraa Prison; Ismail…
Captain refused to help sinking Red Sea ferry
CAIRO: The captain of a Red Sea ferry has admitted that he steered clear of a doomed ship that sank between Saudi Arabia and Egypt last week, leaving at least…