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BG Egypt names country's first LNG ship

CAIRO: BG Egypt, a wholly owned subsidiary of BG Group plc, recently named the first Egyptian-owned Liquefied Natural Gas (LNG) ship, the Methane Nile Eagle. According to a statement released to the press, the vessel is owned by Egypt LNG Shipping Ltd, whose shareholders are BG Group, Eagle Gas Shipping Co. ESA and GasLog Shipping …

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Dana Gas exceeds 2007 production goals in Egypt

CAIRO: Dana Gas’ petroleum output from its Egyptian operations at the end of last month exceeded its expectations on early production from two discoveries, the company said in a statement. The Middle East s first and largest regional private-sector natural gas company, Dana Gas pumped the equivalent of 32,000 barrels of oil per day, exceeding …

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Egypt launches Africa Cup countdown

ASWAN: Egypt began their countdown to defending the African Nations Cup title with a 3-0 friendly drubbing of fellow qualifiers Namibia Saturday. The Pharaohs play Mali next Thursday in the United Arab Emirates and Angola in Portugal three days later before opening their Nations Cup Group C campaign against Cameroon on January 22 in Ghana. …

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Road accident kills 19 in Minya

CAIRO: A bus plunged into a canal alongside the Nile River in southern Egypt on Monday, killing 17 passengers and the driver, the state Mena news agency reported.A pickup driver who apparently caused the accident near the village of Beni Mazar in Minya province, also died. Some 40 surviving passengers were taken to nearby hospitals …

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Raya may bid for fixed-line license

CAIRO: Raya Technology and Communication said on Sunday it is studying bidding for the second fixed-line license in the country through an alliance with an international operator, reported Reuters.Company Chairman Medhat Khalil told Reuters Raya was waiting for the announcement of the license conditions.”Many elements will determine if we are really going to take that …

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Suez Canal to raise fees in 2008

ISMAILIYA: Transit fees for ships using the Suez Canal will increase in 2008 by an average of 7.1 percent, the Suez Canal Authority said on Sunday. Fees will rise by 5.7 percent for container ships, by 7.3 percent for oil tankers and by 10.5 percent for natural gas ships, authority chairman Ahmed Ali Fadel told …

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Rights groups slam Egypt probe into Sudan refugee deaths

CAIRO: Rights groups on Saturday slammed the absurd exoneration of Egyptian police in the killing of 27 Sudanese refugees in Cairo, calling on the second anniversary of the deaths for a new investigation. The five groups, including Amnesty International and Human Rights Watch (HRW), said in a joint statement there had been a concerted effort …

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Police break arm of AFP man covering Sarkozy visit

SHARM EL-SHEIKH: An AFP photographer had his elbow broken by a plainclothes Egyptian policeman on Saturday while trying to take pictures of French President Nicolas Sarkozy and Foreign Minister Bernard Kouchner out jogging.Photographer Thomas Coex and other journalists had spotted the pair out running along one of the main streets of the Red Sea resort …

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Sarkozy offers to assist Egypt's nuclear program

CAIRO: French President Nicolas Sarkozy has expressed his country’s willingness to assist Egypt’s nuclear program, a pro-government newspaper said Saturday.Sarkozy, who was vacationing in Egypt with his girlfriend, made his remarks ahead of an official meeting with President Hosni Mubarak in Cairo on Sunday.”I find it natural for any country to seek nuclear energy, Sarkozy …

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Hospitality industry undertakes initiatives to strengthen from within

CAIRO: El Gouna, one of Egypt s biggest home-grown tourism success stories, recently played host to Cornell University School of Hotel Administration’s (CU-SHA) Inaugural Senior Executives Program, the first in a series of programs aimed at furthering the growth and development of hospitality professionals in Egypt and the region. The Ministry of Tourism and the …

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Venezuela to host energy conference of Latin American, Arab countries

CAIRO: Venezuela plans to host the energy conference of Latin American and Arab countries early next year, said Venezuela Ambassador to Egypt Victor Ramon Carazo Thursday according to the Kuwait News Agency. The conference will prepare for the coming Arab-Latin American summit, due in Morocco in May, 2008, Egypt s Middle East News Agency (Mena) …

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DIFC offers factoring and forfeiting services

DUBAI: National Bank of Dubai (NBD), an Emirates NBD company, and FIMBank plc. – a Malta-based trade finance institution – announced that Mena Factors Limited, a joint venture between the two banks, has commenced operations at the Dubai International Finance Center (DIFC). Mena Factors is the first specialist financial institution in the GCC region to …

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New Year's Eve at the Grand Hyatt

As the holidays draw near, everyone is looking forward to ringing in the New Year in style. This year, Grand Hyatt Cairo is bringing the famous French band Charley’s Angels to celebrate the end of the year with a bang. For a relaxing evening, head to the main lobby s Bar & Delice where you …

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Top ten Christmas gifts

1. Coming in at number one is the IPod touch. You can choose between 8 GB and 16 GB ($269 and $360, respectively). Featuring a sleek 3.5 inches touch screen with Wi-Fi web browsing, you can spend your time watching movies online while you sit in traffic. 2. A year after its release, the Wii …

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Regional investments in hotel and tourism projects hit $3.6tr

DUBAI: The Khaleej Times reported that investments in hotels, leisure projects, aviation developments, cruise lines, tourism promotion and support infrastructure in the Middle East have reached $3.63 trillion, according to a study done by Fast Future and Global Futures and Foresight. The research has also identified plans to invest at least $580 billion in over …

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Raya Holding inaugurates new headquarters in Sixth of October

CAIRO: Raya Corporation recently inaugurated its new headquarters in Sixth of October city, with Minister of Communications and Information Technology Tarek Kamel attending the ribbon-cutting ceremony. “Providing a sound working environment, without a doubt, enhances the company’s achievements and employees’ productivity. Thus, leading to our corporate vision: being a market leader wherever we are, said …

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Christmas in London: a family affair

Instantly evoking memories of Dickens’ Scrooge and a million quaint greetings cards, London is one of the Christmasiest cities in the world. The shops, streets and homes of Londoners are overcome with the holiday spirit. Lamp posts are strung with colored lights, shop windows are decorated with seasonal delights, and homes are festooned with festive …

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Aramex Egypt praised for top supply chain solutions

CAIRO: The coveted award for “Best in Project Logistics within Aramex’s global network was presented to Aramex Egypt for an effective supply chain management system at the 25th annual leader’s conference in the Dead Sea, Jordan, according to a statement from the company Samer Gharaibeh, CEO for Aramex Africa, said, “This award is a testament …

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Bodies of seven drowned Egyptians identified in Turkey

CAIRO: Ambassador Ahmed Qwesny told the press Thursday that one of the Egyptian survivors of a boat accident off the Turkish coast was able to identify the bodies of seven of the alleged 32 Egyptians who were also on board. Qwesny, deputy foreign minister for consular affaires, stressed that the ministry is coordinating with the …

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Qalyubia rioters attack NDP MP's home, 14 arrested

CAIRO: Over 1000 rioters in Qalyubia attacked on Thursday the home of Ramadan Al-Zeini, a member of parliament for the ruling National Democratic Party, suspecting him of having connections with pyramid scheme mastermind Rayan Al-Qalyubia. He was dubbed “Rayan Al-Qalyubia by the media in reference to the infamous 1980s’ scam hatched by Ahmed El Rayan, …

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A new menu for Rotisserie Belvedere

The Nile Hilton hotel’s Executive Chef Thierry Papillier created a new menu for the Rotisserie Belvedere, which serves fine French cuisine. “The new menu is a fusion of French and Asian, using the best ingredients available in Egypt, Chef Thierry said. “I am delighted to have found such superb ingredients here. The new menu reflects …

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OCI divests Cement Group for $12.9 bln to Lafarge

CAIRO: Orascom Construction Industries announced Monday an agreement with Lafarge for the proposed divestment of the OCI Cement Group for a total of $12.9 billion plus the assumption by Lafarge of a $2 billion debt, according to a press statement. OCI shares initially rose almost 10 percent, but closed down by 4.4 percent. Egypt’s benchmark …

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Gagarin's Surprise

Russian film “Gagarin s Grandson is about two long-lost brothers finding one another and learning how to live together. There s just one little wrinkle: The young one is black and claims to be the son of famous Russian cosmonaut Yuri Gagarin, and the other is white with a skinhead best friend. Big brother Fedya …

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