Orascom Development opens first hotel in Oman
CAIRO: Real estate and hotels firm Orascom Development opened its first hotel in Oman last weekend, the Swiss-listed firm said on Monday. Orascom, which has its main presence in Egypt,…
OCI unit wins $552 mln Saudi stadium deal: source
CAIRO: A unit of Egypt's Orascom Construction Industries (OCI) won a 2.07 billion Saudi riyal ($552 million) contract to design and build a major sports stadium in Saudi Arabia's Jeddah,…
Egypt bought 2.6 mln T of local wheat in 2011
CAIRO: Egypt bought 2.6 million tons of wheat from local producers in 2011 compared to 2.1 million tons a year earlier, Social Solidarity Minister Gouda Abdel Khaleq said on Tuesday.…
FIHC tenders for edible oils: trade
CAIRO: Egypt's state-owned Food Industries Holding Company (FIHC) has issued an international tender to purchase up to 30,000 tons of sunflower oil and/or 30,000 tons of soyoil, a trader said…
Czech Pegas to open unit in Egypt
PRAGUE: Czech synthetic textiles maker Pegas Nonwovens struck a deal with a major customer allowing it to go ahead with its plans to build a new production line in Egypt,…
Hundreds march to Cabinet against emergency law
CAIRO: Hundreds marched Monday from Tahrir Square to the nearby Cabinet headquarters in protest at the recent activation of emergency law clauses. Protesters gathered in Tahrir at 4 pm and…
Former ambassador to Israel dies at 74
CAIRO: Former Egyptian ambassador to Israel Mohammed Basyouni, 74, died suddenly on Sunday leaving behind him 55 years of military, intelligence, diplomatic and parliamentary service to Egypt. Born in 1937,…
Committee’s rejection of Islamist party is ‘politicized’, says Al-Zomor
CAIRO: The decision of the Political Parties Affairs Committee to turn down the license of Al-Gamaa Al-Islamiya’s Building and Development Party is politicized, leader of the group’s Shoura Council and…
Teachers say strike gaining momentum on third day
CAIRO: Teachers continued their nation-wide strike for the third consecutive day on Monday as more joined to challenge claims by the Ministry of Education about the size of the strike.…
SCAF talks elections timeline with political parties
CAIRO: The Supreme Council of the Armed Forces (SCAF) agreed to put an end to military trials for civilians, except for “those who attack army soldiers,” at a meeting with…