789 Articles
CAIRO: Arab states remain widely divided over how to deal with Syria’s crackdown on protesters after a peace plan brokered by its neighbors failed to stem violence, and there is little likelihood a meeting this week will bridge the gap. Several countries oppose bringing serious pressure to bear on President Bashar Al-Assad and it looks …
CAIRO: Egyptian former President Hosni Mubarak, hospitalized since April and due to stand trial in August, is in a coma, his lawyer said on Sunday, although state television said the hospital director had denied the report. Another medical source told Reuters that Mubarak, 83, occasionally slipped into a coma but said his condition was stable. …
CAIRO: Egypt’s former President Hosni Mubarak, who has been hospitalized since April and now faces a trial, occasionally falls into coma but his condition is stable, a medical source said on Sunday. “Mubarak’s condition remains stable and he falls into coma occasionally so nothing is new in his condition,” a doctor in the …
CAIRO: Egypt’s former President Hosni Mubarak, who was ousted in February and who has been detained in a hospital in the Red Sea resort of Sharm El-Sheikh, has fallen into a coma, his lawyer said on Sunday. "I was informed about the sudden deterioration in Mubarak’s health and I am now on my way to …
CAIRO: Egypt’s Arabiyya Lel Estithmaraat bought an 85 percent stake in the historic Omar Effendi department store chain, the private investment firm’s chairman said on Thursday. Mohamed Metwalli gave no price for the deal which is likely to attract public interest after the chain was sold by the state to Saudi Arabia’s Anwal in 2006 …
An Egyptian lawyer filed a suit on Wednesday against Egypt’s prime minister and agriculture minister seeking to annul a sale of state land to Cairo-based private equity firm Egypt Kuwait Holding. The lawyer, Shehata Mohamed Shehata, says Egypt violated a law on state land deals by selling the 52,000 feddans (54,000 acres) of land directly …
CAIRO: An Egyptian court has received a challenge to the government’s plan to end a wrangle over a major housing project by Talaat Moustafa, adding a fresh twist to a saga that has rattled confidence in the real estate sector. TMG’s flagship Madinaty development has been mired in a legal row since a court in …
CAIRO: The Algerian government has denied imposing new taxes on the local unit of Egyptian mobile firm Orascom Telecom, Al Arabiya television said on Monday, citing unnamed government sources. Industry and government sources had told Reuters that Algeria planned to demand new back taxes from the company, Orascom’s main source of revenue. The channel carried …
CAIRO: Egypt’s General Prosecutor dropped an investigation filed by 45 parliament members over a state land sale between a former housing minister and Talaat Moustafa Group (TMG), the ex-minister’s lawyer said on Sunday. The investigation started earlier this year after the former housing minister Ibrahim Suliman was accused of violations in a series of state …
CAIRO: Egyptian police are investigating a complaint filed by the brother-in-law of jailed politician and businessman Hisham Talaat Moustafa, in which he accused Moustafa of beating him, official media reported on Monday. Ihab Mohamed Madi said Moustafa, the ex-chairman of Egypt’s biggest listed property developer Talaat Moustafa Group (TMG), kicked and insulted him in the …
CAIRO: Al Baraka Egypt Bank posted a 57 percent increase in first-half net profit to 65.6 million Egyptian pounds ($11.49 million), the Cairo stock exchange said on Sunday. The Cairo-based Islamic bank, in which Bahrain’s Al Baraka Banking Group (ABG) has a controlling stake, said in May its net profit had more than tripled in …
CAIRO: Credit Agricole Egypt’s first half net profit rose 3.3 percent to LE 202.8 million ($35.58 million), the bank said on Sunday. Loans to customers climbed to LE 10.1 billion by June 30 versus LE 8.2 billion at the end of 2009, while total assets rose to LE 23.6 billion from LE 22.8 billion. Credit …
CAIRO: Egypt’s High Administrative Court postponed on Thursday a ruling on a land sale to a Talaat Moustafa Group (TMG) unit until Aug. 10, saying it needed to consider the case further. A lower court ruled in June that the New Urban Communities Authority (NUCA), a body under the ministry, broke the law and sold …
CAIRO: Egypt’s High Administrative Court postponed until August 5 a ruling on the Madinaty land sale deal between the housing ministry and Talaat Moustafa Group (TMG), the court said on Sunday. A lower court ruled last month that the New Urban Communities Authority (NUCA), a body under the ministry, broke the law by selling the …
CAIRO: An Egyptian court on Wednesday delayed until Aug. 1 an appeal over the sale of 8,000 feddans (8,304 acres) of land for Talaat Moustafa Group’s (TMG) flagship residential and commercial project. A court ruled last month that the New Urban Communities Authority, a body under the Housing Ministry, broke the law by selling the …
CAIRO: Egypt’s Industrial Authority closed a bid for two cement production licenses on Thursday as the one offer it received failed to meet its requirements, the authority’s head said on Saturday. Egypt re-opened bidding for cement licenses previously held by El Wadi Cement and North Sinai Cement after the firms had permits withdrawn late last …
CAIRO: An Egyptian court ruled against the sale of government land to Talaat Moustafa Group, Egypt’s biggest listed developer, but the government vowed to appeal and said building on the land near Cairo would continue. The court ruled on Tuesday that the New Urban Communities Authority, a body under the housing ministry, broke …
CAIRO: An Egyptian court ruled on Tuesday to nullify the sale of government land to Talaat Moustafa Group, Egypt’s biggest listed developer, for its mixed-use Medinaty project on the outskirts of Cairo. The court ruled that the New Urban Communities Authority, a body under the housing ministry, had broken the law by selling the land …
CAIRO: Telecom Egypt has approved a LE 0.55 ($0.10) interim dividend for 2009, after earlier distributing LE 0.75 pounds, a company source said on Sunday. Although it was distributed in two parts, the dividend matches the LE 1.30 dividend for 2008 and was in line with analysts’ expectations. The company had withheld part of the …
CAIRO: Egypt said on Wednesday its economy could grow 5.3 percent this fiscal year following last quarter’s better-than-expected performance and could expand next year faster than previously forecast. Economic Development Minister Osman Mohamed Osman said gross domestic product (GDP) could grow as much as 5.3 percent in fiscal 2009/10, up from a previous estimate of …
CAIRO: A retrial of Egyptian property tycoon and politician Hesham Talaat Moustafa will start on April 26, an appeals court said on Sunday, after his conviction for the murder of a Lebanese singer was found to be flawed. A court in March ordered a retrial for Moustafa, a member of parliament for Egypt s ruling …
CAIRO: Egypt s economy is expected to grow by 5.8 percent in the current fiscal year and 6.5 percent in 2011/12 as it shakes off the global economic crisis, Economic Development Minister Osman Mohamed Osman said on Thursday. The budget deficit is expected to be 8 percent of gross domestic product (GDP) in 2010/11, declining …
CAIRO: A 36-year-old woman from Ismailia died from swine flu Thursday, to be Egypt’s fourth H1N1 fatality, the Ministry of Health announced. According to a ministry statement, the victim exhibited strong flu-like symptoms and was hospitalized on Oct. 27. She was also suffering from high blood pressure and obesity, the ministry added. This is the …
CAIRO: The H1N1 vaccine will arrive in Egypt on Sunday, said Minister of Health Hatem El-Gabaly, who will reportedly be the first in line to get his flu shot. El-Gabaly told a local news program that he will be the first in Egypt to receive vaccination in order to assure citizens that the vaccine is …
CAIRO: The Ministry of Health announced 15 new cases of H1N1 in Egypt raising the total to 1,193. The new cases include nine school students, three Egyptians, two British nationals and one Italian, according to the Ministry of Health’s official statement. Out of the nine infected students, four (aged 14, eight and 15) are in …
CAIRO: The Cairo Administrative Court adjourned to Jan. 12 the appeal hearing of 13 Muslim Brotherhood members who were tried in a military court in 2007. The session took place under strict security measures and media was not allowed inside the court room. The 13 members are part of a group of 25 leading Brotherhood …
CAIRO: Cairo Governor Abdel-Azim Wazir suspended two classes in differnet schools this week after two H1N1 cases were reported in each, according to a statement. Both classes will be suspended for two weeks, as per the health ministry’s regulations pertaining to schools and universities. The cases appeared in Al-Gamaa Al-Islamiya School in Helmeyat Al-Zaitoun and …
CAIRO: Egypt’s Minister of Transportation Mohamed Mansour referred 34 officials from the National Railway Authority to an investigative committee looking into the tragic collision of two passenger trains on Saturday. Independent MP Moustafa Bakry asked the Cabinet to step down in an interview with BBC Arabic news channel on Monday. “This government failed to secure …
CAIRO: Ramses College in the Ghamra district of Cairo was closed for 15 days after the H1N1 virus was detected in two of its students, according to the healthy ministry. Egypt’s Ministry of Health reported Saturday two cases of H1N1 in two 14-year-old students at Ramses College. Ramses College is the third school to close …
CAIRO: The number of students infected with H1N1 has reached 42, as the Ministry of Health reported seven new cases Friday. The infected students are among 18 reported cases, three of which are British. The students hailed from schools in Cairo, Giza, Helwan and Gharbeya, in addition to one college student from the Computer Science …