Ministry of Investment valuation sets AMOC share price at LE 95
CAIRO: The Ministry of Investment (MOI) announced Tuesday it has set the price of a 50 percent stake in Alexandria Mineral Oils Company (Amoc) at LE 3.9 billion, or LE…
Visa solidifies its position in Egypt
CAIRO: Third quarter results for the period ending September 2006 were released by Visa International.The results highlighted the steady acceleration of major indicators: the number of all Visa cards in…
Constitutional amendments are aimed at broadening citizens' freedoms says Mubarak
CAIRO: President Hosni Mubarak, in statements to Mena editor-in-chief earlier this week, explained that the constitutional amendments proposed are basically aimed at promoting democracy, "deepening its values and expanding citizens'…
Egypt boosts trade ties with Turkey
Turkish industrial zone to be established this year in the 6th of October CityCAIRO: Egyptian and Turkish Ministers of Trade Rachid Mohamed Rachid and Kursad Tuzman signed a memorandum of…
Minister Zaqzuq expels religious counselor for donning full face cover from meeting
CAIRO: Intellectuals and activists denounced Minister of Religious Endowments Hamdy Zaqzuq for expelling an employee from a meeting for refusing to remove her niqab (the full face cover).The religious counselor…
Rice to visit Cairo as part of regional tour
Talks to centre on Iraq, Palestinian peace effortsCAIRO: US Secretary of State Condeleeza Rice will visit Egypt later this month as part of a regional tour to ramp up Middle…
Tension grows between Iraq and Arab neighbors
Condemnation of Saddam execution widening rift, analysts sayCAIRO: The execution of former Iraqi President Saddam Hussein has sent ripples of anger throughout the Middle East but may now be cause…
Egyptian Air Force receives upgraded Apaches
Half of military budget earmarked for new weaponryCAIRO: The Egyptian Air Force (EAF) marked in a ceremony the delivery of 35 remanufactured AH-64D Apache helicopters from Boeing Integrated Defense Systems,…
Female force: Two wives gang up on husband
CAIRO: For the first time, two wives joined hands to sue their common husband, demanding divorce after they failed to "discipline him, Al Akhbar daily newspaper reported. The two wives…
Search called off for four divers missing in Red Sea
CAIRO: Egyptian authorities on Tuesday called off a search for four divers, including three foreigners, missing off a Red Sea dive resort after they were presumed dead, security sources said.…
