798 Articles
LONDON: The dollar firmed against the euro on Thursday but remained near a record low point after Federal Reserve chairman Ben Bernanke signalled the prospect of more cuts to US interest rates, dealers said. In European trading, the euro dipped to $1.5104 from $1.5119 in New York late on Wednesday. The single currency had surged …
CAIRO: DAMAC Properties signed a contract with Engineers Consultants Group (ECG) to supervise the first phase of their latest project located in New Cairo. The contract was signed at ECG’s office in Nasr City, in the presence of representatives from both companies. DAMAC is the largest private sector luxury lifestyle provider in the Middle East. …
CAIRO: Al Futtaim HC Securities (AFHC) recently secured an advanced position in the Dubai Financial Market (DFM), said a press statement. According the latest financial reports, AFHC now hold the second highest position on the DFM – registering total trades amounting to 19,432 – even though a very short time has passed since their emergence …
CAIRO, Egypt (AP) _ Secretary-General of the Arab League Amr Moussa was chosen Tuesday to head the newly formed Yasser Arafat Foundation, charged with preserving the former Palestinian leader s legacy and carrying out humanitarian activities. Some 50 Palestinian leaders, Arab politicians and intellectuals, including Palestinian President Mahmoud Abbas, gathered in Cairo to launch the …
UNITED NATIONS: Israel, Egypt and the Palestinian Authority must develop a new strategy to secure the lifting of the blockade of the Gaza Strip and an end to rocket firing into southern Israel, a top UN official said Tuesday. After concluding his first briefing of the Security Council, UN special coordinator for the Middle East …
Egypt have been handed a tough draw in the new African Nations Championship as they will face Tunisia and Libya. In case of qualification, the Pharaohs will face the winner from Morocco and Algeria. The competition will only feature footballers playing inside the Africa, and should be played every two years. CAF divided the continent …
BERLIN / COPENHAGEN: All European newspapers should take a stand for press freedom and publish cartoons of Prophet Mohammed printed in Danish dailies, German Interior Minister Wolfgang Schaeuble said Wednesday. Schaeuble told Die Zeit weekly that he respects the decision by 17 Danish dailies this month to reprint a drawing depicting the Prophet Mohamed wearing …
ALEXANDRIA: Ittihad of Alexandria Chairman Mohamed Mosselhi has denied speculations claiming that the board will step down in the next few hours following the team s defeat against Haras Al-Hodoud. Board member Hesham Al-Torqi has hinted that he could quit after the club s poor performances but Mosselhi confirmed that he will remain in charge. …
CAIRO/DUBAI: From a competitive pool of 17 finalists across the Middle East, Samih Darwazah, founder and chairman of Hikma Pharmaceuticals PLC, Jordan, was named as the 2007 Ernst & Young Middle East Entrepreneur Of The Year at a gala ceremony held at Madinat Jumeirah in Dubai Feb. 23. “This award has an important symbolic value …
CAIRO: Thirteen people were killed when their microbus fell into a canal in Cairo, a police official told AFP on Tuesday. The vehicle was forced off the road by a speeding car into the Maryutia canal on the road leading to the Saqqara pyramids late Monday, the official said. Each year about 6,000 people die …
Beltone acquires Obelisk Beltone Financial Holding has completed the acquisition of Obelisk Securities, a brokerage and financial services firm, previously owned by a group of individual investors. Aladdin Saba, Chairman and Founder of Beltone Financial Holding, said, “This acquisition takes advantage of the synergies of the two firms and adds real value to our client …
CAIRO: EFG-Hermes has partnered with the Principal Bank for Development and Agricultural Credit to expand its reach and target a wider audience in Egypt through the Al Massy Fund, , the regional investment bank said in a statement. The fund – the first investment fund by the bank, with EFG-Hermes as Investment Manager – was …
CAIRO: EUROMED partnership countries will meet in Cairo on Feb. 26-27 for the EUROMED Ministerial Conference on the Information Society entitled “Building an Enabling Environment for the EUROMED Information Society. The conference is held under the Slovenian Presidency of the Council of the EU in cooperation with the European Commission and hosted by Egypt’s Ministry …
CAIRO: One of the world s most prominent Sunni religious scholars called on Muslims on Friday to boycott Danish products in response to the decision by several newspapers in Denmark to reprint a controversial cartoon of the Prophet Mohamed. More than a dozen Danish newspapers reproduced the drawing on Feb. 13 to show their commitment …
Port-au-Prince, Haiti: Eleven Egyptian police officers serving in the United Nations Stabilization Mission in Haiti (MINUSATAH) were awarded the United Nations peacekeeping medal at a ceremony in Port-au-Prince on Feb. 19. “This team of professionals has contributed enormously to the success and progress that we see on the security situation in Haiti today, said Peters …
LINKdotNET announces free month for subscribers Internet Service provider LINKdotNET said it will not charge its current subscribers for its services between Feb. 18 and March 18, as compensation for the internet outage period that resulted from damaged undersea cables. The company is also working, along with mother company Orascom Telecom, on a news submarine …
BUENOS AIRES, Argentina: Foreign ministers and envoys from South American and Arab countries vowed Thursday to increase cooperation and trade, while pledging to bolster Middle East security. Arab League Secretary-General Amr Moussa closed the two-day gathering in Argentina of more than 30 nations with a news conference at which he announced a commitment to study …
Earlier this month, Israel removed 32 members of the al-Aqsa Martyrs Brigades, Fatah s military wing, from its list of wanted men, and has extended a probation period for 220 additional men. This move was part of an agreement Israel and the Palestinian Authority entered into in July, which provides a mechanism – based on …
CAIRO: Three Egyptian families got to participate in the Dubai Shopping Festival (DSF) celebrations as winners of Visa’s promotional campaign, the company announced in a statement. Four winners were awarded 100-gram gold bars. Cardholders who used their Visa or Visa Electron card issued by participating banks during the campaign period were automatically entered into the …
Orascom Telecom in talks for $2.5 bln loan Reuters reported that Orascom Telecom, the fourth-biggest Arab mobile operator by market value, is in talks with 12 banks to arrange a $2.5 billion syndicated loan that will refinance its existing debt, banking sources said on Monday. The 12 banks expected to be appointed to lead the …
CAIRO: Mahmoud Shikabala Abdel Razeq has been included in Zamalek s squad that will take on Ismaili today in week 16 of the Egyptian Premier League. The player was banned for six months by Fifa, because of a breach of contract with Greek club Paok, but the Court of Arbitration for Sport lifted the ban …
COPENHAGEN: Egypt has cancelled two youth internationals against Denmark over the controversial Prophet Mohamed cartoon printed in Danish newspapers, the Danish Football Federation (DBU) said Monday. The DBU said the Egyptians had cited security reasons for the cancellation of the matches scheduled for Feb. 26 and 28 in Egypt. The Egyptians did not mention specific …