Ismaili deny selling Abdel-Fadil to Zamalek
CAIRO: Ismaili president Nasr Aboul-Hassan hit out at reports claiming that the club has accepted a Zamalek offer for defender Sherif Abdel-Fadil. Some newspapers said that we will sell Abdel-Fadil…
Menufiya girl contracts bird flu
CAIRO: An 18-month-old Egyptian girl has contracted bird flu and is in stable condition, the state-run news agency quoted the Egyptian Health Ministry as saying on Tuesday.The Middle East News…
Cairo hotel evacuated after bomb threat
CAIRO: Police evacuated guests and staff from a Cairo hotel on Tuesday night after being told a bomb had been planted there, a security official said.A bomb disposal squad and…
French web pours scorn on anti-piracy plans
French bloggers and high-tech experts scorned Tuesday plans to punish illegal downloaders by cutting off internet access, saying the move was unfair, unworkable and would not stop online piracy.One in…
OT surge pushes Egypt index to fifth straight gain
CAIRO: Egypt s benchmark index gained for a fifth straight session on Wednesday, boosted by a global upsurge that helped heavyweight Orascom Telecom (OT) gain more than 10 percent in…
Gold prices fluctuate with uncertain markets
CAIRO: When things look up, gold goes down. Since the economic crisis deepened last fall this has mostly held true, including this Tuesday when gold slipped below $900 per ounce,…
Saudi hosts Arab leaders to try to undermine Iran
RIYADH: Saudi Arabia is hosting the leaders of Egypt and Syria on Wednesday in an effort to persuade Damascus to move away from Iran and instead work with US-allied Arab…
$1.5 billion in American aid to Egypt this year
CAIRO: The US Senate passed its annual government operations package late on Tuesday with $1.5 billion earmarked as aid to Egypt for 2009.The House of Represtatives had approved a $200…
Citadel Capital closes $50 mln capital increase
CAIRO: Citadel Capital, a Cairo-based private equity firm, completed a LE 275 million ($50 million) capital increase to finance expansion plans, the firm said in a statement. The capital increase,…
AUB Egypt sees surge in profits
CAIRO: Ahli United Bank (Egypt) saw net profit increase 27.5 percent in fiscal year 2008, "the highest performance of the bank since its inception in 1978, according to a statement…