Egypt up five spots in FIFA ranking
CAIRO: Egypt have jumped five spots to lie 33rd in the monthly FIFA Ranking for national teams.The 3-0 World Cup qualifying victory over Rwanda in July helped the African champions…
Ghostly gifts for the dead could be a dying art in Singapore
Wu Yuhua s hands moved effortlessly as she cut thin slips of paper and plastered them onto a life-size bamboo frame molded into the shape of a woman.Around the 55-year-old…
Egyptian Traders head detained in Russia wheat row
CAIRO: The chairman of private firm Egyptian Traders Co said on Wednesday Egyptian authorities had issued an order for his arrest in a row over a Russian wheat shipment that…
Aboul Gheit to meet European embassies over visa restrictions
CAIRO: Foreign Minister Ahmed Aboul Gheit called for urgent meetings with representatives of European embassies over perceived draconian restrictions on Egyptians seeking legitimate visas.A statement from the foreign ministry said,…
Zawahri blasts Obama, says Israel a 'crime'
DUBAI: Osama bin Laden s right-hand man Ayman Al-Zawahri took aim at US President Barack Obama in a new video, accusing him of continuing to spill the blood of Muslims…
Obama to announce new Mideast peace plan, say US reports
CAIRO: Reports from Washington indicate that US President Barack Obama will announce a more comprehensive Middle East peace settlement later this month.Reports indicate that Obama will call for a peace…
ANALYSIS: Unemployment and the future of Egypt
CAIRO: While Egypt appears to have weathered the global economic crisis in a way that has international economic observers applauding, there is an underlying current of fear that Egypt's economy…
Beltone launches BAM 30 index
CAIRO: Cairo-based investment bank Beltone Financial launched Sunday a new market index, the BAM 30, which lists the top 30 companies based on liquidity.The index will be rebalanced quarterly to…
EFG analysts cautiously optimistic on Egypt's real estate sector
CAIRO: Egypt's real estate sector will experience a gradual recovery due to "slower economic growth and oversaturation at the high end of the market, according to a recent report.Local investment…