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Michael Jordan s split from wife, Juanita, tops Forbes Divorce has its price and no celeb, it appears, knows that better than Michael Jordan. The basketball superstar s split last December from his wife of 17 years, Juanita, is No. 1 on Forbes.com s list of The 10 Most Expensive Celebrity Divorces. Juanita Jordan could …
CAIRO: The UAE s Dana Gas has signed a deal with Kuwait International Oil and Environment Company (KIOEC) for joint exploratory oil and gas drilling in Egypt, Dana said in a statement on Wednesday. Drilling at the Komombo concession in southern Egypt, near Sudan, will begin in mid-2007. KIOEC will take a 50 percent stake …
CAIRO: Foreign Minister Ahmed Aboul Gheit Tuesday received Mark Otte, the EU envoy to the Middle East peace process, who was visiting Egypt as part of a regional tour. Following the meeting, Otte was reported to have said that he had talks with Aboul Gheit on a wide range of issues, hailing intensive Egyptian diplomatic …
CAIRO: President Hosni Mubarak laid a wreath on the Tomb of the Unknown Soldier in the Cairo suburb of Madinet Nasr on the occasion of Sinai Liberation Day, reported the State Information Service. The president was welcomed by General Commander of the Armed Forces and Minister of Defense and Military Production Hussein Tantawi, Armed Forces …
CAIRO: Egypt welcomes more Chinese investment and is expecting China to be Egypt s main investor, Minister of Investment Mahmoud Mohieldin told reporters on Monday evening. During an interview with Xinhua and other Chinese press, Mohieldin was reported to have said that Chinese investors are welcome in Egypt. With growing interest, Egypt sees the rise …
Kuwait s World Oil and Environment Company has won 50 percent of Egypt s Kom Ombo oil field exploration and production concession, the official Kuna news agency reported Tuesday. Farouk Al-Yahia, chairman of the Kuwaiti company, told reporters at a press conference earlier that that day his company had signed a transferring contract with Canada …
CAIRO: Prime Minister Ahmed Nazif stressed the importance of taking swift measures to deal with the increasing number of passengers of various nationalities arriving at Hurghada International Airport, according to reports by the State Information Service (SIS) yesterday. Nazif s statements came during a meeting Monday attended by Minister of Defense Mohamed Hussein Tantawi, Minister …
CAIRO: President Hosni Mubarak met with the Minister for Petroleum and Natural Gas of India Murli Deora yesterday. Deora delivered a message to President Mubarak from Manmohan Singh, prime minister of India. According to the Indian embassy in Cairo, Mubarak reiterated his support to the traditional relations of friendship and cooperation between India and Egypt …
CAIRO: Oryx Regional Private Equity Fund, based in Bahrain, acquired 30 percent of “HC Securities and Investment Company , HC announced late last week. Oryx Regional Private Equity Fund is owned by the National Commercial Bank NCB, one of the largest banks in the Middle East. “The presence of Oryx Regional Private Equity Fund as …
CAIRO: Marriott International Sales Office announced a 12 percent growth in sales for 2006 in the Middle East, Africa and the Subcontinent in comparison to 2005. The increase was driven by a surge in inter-regional travel in the Business Transient and Meetings Incentives Conferences and Exhibitions (Mice) categories. Changing patterns of consumer behavior also triggered …
Prime Minister Ahmed Nazif announced that Egypt plans to supply Lebanon with natural gas, the official news agency Mena reported on Monday. Cabinet spokesman Magdi Radi was reported to have said that Egypt and Lebanon signed an agreement whereby Egypt will supply Lebanon with natural gas through an Arab natural gas pipeline. The news reports …
The United Nations Food and Agriculture Organization (FAO) has underlined the necessity of integrating efforts by various bodies in Egypt to fight bird flu, reported the State Information Service (SIS) on Sunday. A two-day workshop was held under the auspices of Minister of Agriculture and Land Reclamation Amin Abaza, and organized by FAO’s regional Near …
CAIRO: University of Cambridge International Examinations (CIE), the world’s largest provider of international qualifications for 14 to 19 year olds, recently held a forum in Cairo for the principals of national and international schools in Egypt that offer Cambridge IGCSE. At the forum, Nick Sansome, CIE’s Assistant Director, provided a statistical analysis of how well …
CAIRO: The Minister of Petroleum issued urgent instructions last weekend to continue the development plan implementation of the latest naval discovery of Crude oil in Suez Gulf in the prospect rights of the American company IBR, according to reports issued by the State Information Service (SIS). The field was found in the new exploratory field …
The Italian companies are strongly keen on investing in the industrial sectors in Egypt, Minister of Trade and Industry Rachid Mohamed Rachid was reported on the sidelines of the international furniture exhibition in the Italian city of Milan. Rachid opened Egypt s pavilion in the exhibition. Some 41 Egyptian companies are taking part in the …
CAIRO, April 18 (Reuters) – The median overnight interbank rate on Egypt s pound was steady at 8.77 percent on Wednesday compared to Tuesday s 8.773 percent in the absence of central bank auctions for certificates of deposit, traders said. Banks tend to revert to the interbank market in the absence of auctions for the …
CAIRO: The Egyptian Tourism Authority (ETA) has visited Oman as the second stop on its regional roadshow across the Arab world. During this inaugural visit to the country, the ETA focused on initiatives to build stronger ties between Egypt and the tourism industry in Oman. The ETA delegation, led by the Undersecretary of the Ministry …
CAIRO: The Egypt-India Friendship Association (EIFA) in cooperation with the Embassy of India in Cairo is organizing a cultural event to mark Orphans Day at the embassy in Zamalek. The celebrations that are due to start at 6 pm today [Friday] will feature singer Hamada Helal. Children from various orphanages will participate and will present …
SHARM EL-SHEIKH: General Mohamed Hany Metwally, the Governor of South Sinai, opened the inaugural session of the Hotel Information Program, the first educational seminar in Egypt on the importance of the Internet for the tourism sector. It is part of the USAID project While In Egypt Stay Connected , which stems from the vital role …
Two killed in Egypt fire fanned by sandstorm CAIRO: At least two people were killed Tuesday in a fire fanned by a fierce sandstorm in Cairo which halted all flights at the main airport and delayed the arrival of US Defence Secretary Robert Gates, a police source said. The two died when the fire, triggered …
CAIRO: Prime Minister Ahmed Nazif Sunday allocated LE 240 million ($42 million) to the ministries of health and agriculture to help combat bird flu, the official Mena news agency reported yesterday. The virus has killed 14 people out of 34 cases reported since the disease was first diagnosed in Egypt in February last year. The …
Foreign exchange reserve in Egypt has scored $34 billion, asserting that budget deficit declined from 9 percent last year to only 5.5 percent this year, Minister of Finance Youssef Boutros Ghali was reported to have said by the State Information Service. On the sidelines of meetings with the World Bank and the International Monetary Fund …
CAIRO: Prime Minister Ahmed Nazif s decision to turn the General Authority for Health Insurance into a holding Company under the name ‘the holding company for health care,’ is not aimed at privatizing health insurance, said Minister of Health and Population Hatem Al-Gabali, according to reports by the State Information Service. The decision was meant …
MONTREAL: Two Egyptians jailed for suspected terror links have been released, media reports said, two months after Canada s top court quashed the extraordinary security measures that permitted their detention. Mahmud Jaballah, jailed since 2001, was released Friday and placed under house arrest, the daily Globe and Mail said Saturday. Nobody s allowed to visit …
The Qatar Foundation for Education, Science and Social Development has named an award after Egyptian scientist Farouk El Baz. Given in association with the Geological Society of America Foundation the “Farouk El Baz Award for Students, the $5,000 award aims at encourage desert related studies. El Baz said he hoped the award would attract Egyptian …
CAIRO: Neo-Nazis attacked an Egyptian diplomat in the Ukrainian capital Kiev and the Ukrainian government has said it deeply regrets the incident, the Egyptian state news agency Mena said on Saturday. A group of 12 people assaulted the diplomat, counselor Khaled Nader, in the city centre as part of a series of attacks on foreigners …
HEAD: The Egyptian Foreign Ministry Friday announced that Iraqi Foreign Minister Hoshyar Zebari has officially apologized to Egypt for breaking into the Egyptian consulate in Baghdad, the official news agency Mena reported last week. Egyptian Foreign Ministry spokesman Alaa El-Hadidi was quoted as saying that Zebari blamed the incident on irresponsible people and the Iraqi …
DUBAI: Leo Burnett Middle East and North Africa (Mena) recently earned international recognition as a 2006 “Bright Star from Leo Burnett Worldwide for delivering exemplary creative and business results. Presented at a ceremony in Chicago attended by representatives of Leo Burnett’s offices around the world, the award is considered a significant mark of distinction and …
Egypt won the gold medal of the flyweight class in Africa s fifth region boxing championship Saturday, reported local news agency Mena. Egyptian boxer Ramadan Abdel-Rahim defeated his Ethiopian contender in the final, and won the region boxing championship. This qualifies Egypt for the upcoming African Boxing Championship due in Madagascar in June, the report …