Thursday 9th September, 2010
EzRemit in key partnership with Egypt bank
Bahrain-based EzRemit, part of BFC Group Holdings has signed a strategic money transfer partnership with United Bank of Egypt (UBE), the third largest in Egypt. BFC Holdings also owns Bahrain Financi...
Egypt's Orascom Construction JV Unit Wins $675M Doha Contract
's joint venture with Besix Group, has won a $675 million contract to help construct the Doha Convention Center & Tower in Qatar. Six Construct will build a phase of the Doha Convention Center & Tower...
FEATURE-Israel eyes impound of ships breaking Gaza blockade
JERUSALEM/LONDON, Sept 8 (Reuters) - Anticipating fresh bids by pro-Palestinian activists to sail against its Gaza Strip blockade, and hoping to avoid a repeat of its bloody boarding of a Turkish a...
UPDATE 1-Wheat price spike raises food insecurity-UN expert
ReutersGENEVA, Sept 7 (Reuters) - Riots over high bread prices in Mozambique and food shortages elsewhere should be a wake-up call for governments which papered over food security problems that arose two ...
[09/08] Among Egypt's Christians, few question Church rule
Find LawALEXANDRIA, Egypt (AP) - When Irini Ibrahim, a young Coptic Christian woman, floated the idea of divorce from a husband she said was abusing her, her parents immediately opposed it, reminding her of t...
AfDB's Response to Climate Change in Africa
All AfricaSPONSOR WIRE The African Development Bank (AfDB) Group is taking a lead in addressing climate change issues which are adversely impacting on the African continent. According to Youssef Arfaoui, a Sen...
ElBaradei calls for election boycott in Egypt
Earth TimesCairo - Egypt's opposition leader Mohamed ElBaradei has called for a boycott of the upcoming parliamentary election, media reports Wednesday said.After the end of his 12-year tenure as head of the Int...
VimpelCom not obligated to buy minority stake in OT if merger completed: FSA
Arab FinanceA prominent official in Financial Supervisory Authority excluded any possible commitment by FSA to Russian VimpelCom to submit mandatory offer to talks between Weather Investments and buy minority sta...
TE can’t buy Mobinil under preemption right, says official
Arab Finance). “News about Telecom Egypt buying to Mobinil according to preemption right is idle talk,” said Elgoweny, adding that TE is not committed to sell its stake in Vodafone Egypt if it buys any stake...
ODH sets up Four Seasons Elgona & Oman at $ 245 m; Beltone says positive
Arab Finance: Orascom Development Holding AG (ODHN) is intending to start construction works of the two hotels of Four Seasons Elgona and Oman in the second half of 2011 at investment cost of $ 85 million for Elg...
Egypt's Mobinil mulls $180m bond issue
General Sources(MENAFN) The Chief Executive Officer at Mobinil, Egypt's biggest mobile firm by subscribers, said that the company is considering issuing bonds with a value of $180 million, Reuters reported.Mobinil i...
Egypt's OCI wins $675 mln Qatar project
General SourcesCAIRO, Sept 8 - A unit of Egypt's Orascom Construction Industries
won a $675 million contract to build an additional phase of Doha Convention Center and Tower in Qatar, further... Tightening divorce ban highlights how Egypt's Christians cleave closer to their Church
Sun-SentinelEgypt (AP) — When Irini Ibrahim, a young Coptic Christian woman, floated the idea of divorce from a husband she said was abusing her, her parents immediately opposed it, reminding her of the Bib...
Egyptian officials to face trial over Van Gogh theft
BreitbartA senior culture ministry official and the head of a Cairo museum from which a Van Gogh painting was stolen will stand trial on charges of negligence, a judicial source said on Monday. The trial of...
Egypt not to impose customs duties on Turkish steel imports
Arab FinanceArab Steel reported that International Conventions Sector of the Egyptian Ministry of Industry and Trade rejected demands from rebar producers to re impose 10% customs duties on imported rebar. The S...
Non-oil exports see 22 % increase in H1/20
Arab FinanceThe non-oil commodity exports scored a remarkable increase export of 22 percent to reach $ 13.4 billion during the first half of the current year 2010 against $11billion during the same period last ye...
Younis: Tender for setting 1st nuclear station by end of 2010
Arab FinanceMinister of Electricity Hassan Younis said on September 6th 2010 that the tender for the construction of the 1st nuclear station will be announced by the end of 2010. The station, which will be set u...
Exchange rates against Egyptian pound-Wednesday
Arab FinanceMarket Rates Buy Sell U$(USD) 5.6912 5.7200 €(EUR) 7.3245 7.3633 £(GBP) 8.7410 8.7876 SFr(CHF) 5.6076 5.6415 ¥100(JPY) 6.7575 6.7941 SRL(SAR) 1.5175 1.5254 KD(KWD) 19.7733 19.9045 UD(AED)...
Diwan Bookstores forge strategic alliance with Souq.com in Egypt
AME InfoBookshop chain Diwan Bookstores has forged a strategic alliance with Souq.com, the largest e-commerce marketplace in the Arab world, as part of efforts to benefit from the numerous online marketing op...
Negotiations under way to let EgyptAir jets land in Madinah
MENAFN(MENAFN - Arab News) Egyptian aviation authorities have urged their Saudi counterparts to allow EgyptAir planes to land at Prince Muhammad bin Abdul Aziz Airport in Madinah.The airline’s regional di...
Pioneers planning further increase in ELKA holding
AME InfoEgypt's second-largest publicly traded securities company, Pioneers Holding (PIOH) plans to further increase its holding in El Kahera Housing (ELKA) after buying a 5% stake last week, Bloomberg has re...
Egyptian resort saves its historic foundation
General SourcesThe Associated Press MARINA, Egypt — Today, it's a sprawl of luxury vacation homes where Egypt's wealthy play on the white beaches of the Mediterranean coast. But 2,000 years ago, this was a th...
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