EFA board elections to be held in 2009
CAIRO: The Egyptian Higher Council of Sports informed the Egyptian Football Association (EFA) that the elections for the next board will be held in 2009.The election process is supposed to…
Central Bank sees inflation below 7 pct by year-end
CAIRO: Central Bank of Egypt (CBE) Governor Farouk El-Okdah said on Monday he expected a further drop in the country s rate of inflation by the end of 2007. The…
Egypt signs $660 mln oil, natgas exploration deals
CAIRO: Egypt s oil ministry signed eight deals for oil and natural gas exploration worth $660 million on Tuesday with several foreign firms including BP, Austria s OMV and Norway…
Israel, Egypt welcome Bush peace conference
CAIRO: Both Egypt and Israel have welcomed President Bush's calls for an international Middle East peace conference to be held later this year, describing it as a step in the…
NDP to make leadership shuffles after September conference, says MP
CAIRO: The National Democratic Party (NDP) is likely to conduct some leadership shuffles after the party's annual conference in September, MP Mohamed Khalil Kwaitah representing the NDP told The Daily…
Damac brings luxury living to Cairo's market
CAIRO: Emirates developer Damac Properties launched its operations in Egypt July 17, under the slogan "Live the Luxury. Damac plans to implement three projects in Egypt: one on the Red…
Egypt's Sharm Dreams to re-offer 1.86 mln shares
CAIRO: Egyptian hotel company Sharm Dreams for Tourism Investment said on Tuesday it would re-open subscription to an uncovered portion of its capital increase, a company official said.In the original…
OT bids for Raya's shares on the Stock Exchange
The Cairo and Alexandria Stock Exchange (Case) confirmed it received an "obligatory tender offer from Orascom Telecom Holding (OT) to acquire 100 percent of Raya Holding's free-floating shares on the…
Masterpieces from Egyptian artists
The word masterpiece originally referred to a piece of handcrafted art produced by a journeyman in old European guild system. Each piece of art was admired for its perfection, elegance…