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By Mohamed Fawzy Hatem Dowidar, CEO of Vodafone Egypt, said that in two weeks Vodafone Ventures Fund (VVF) will announce its investment in two companies without exceeding 30% of its shares. He expects that during the first year, VVF will invest in 10-15 technology companies. VVF’s strategy enables it to acquire all of the company’s …
By Islam Serour Orascom Telecom Holding (OTH) consolidated financial and operating results for the first half of 2012 shows a 14.8 percent growth in its subscribers’ base, reaching 83,384 subscribers, up from 72,650 during the same period in 2011.The company’s consolidated revenues increased by 1.1 percent, reaching $1,833,708, compared to $ 1,814,414 during the first …
By Islam Serour Commercial International Bank (CIB) and Hermes Financial group represented one-third of the total market turnover on Tuesday, after two weeks of stability. The CIB stock witnessed active turnover due to deals by foreign institutions, and closed out at EGP 28.5 after exceeding the EGP 28 barrier, scoring a 1.3 percent increase. In …
Inaccurate reports that 127 North Korean immigrants arrived in Israel to join the Israeli defense forces
Protesters shows support to the victims of sectarian violence in Dahshur
Staff Major General Abdel-Moniem Bayoumi Al-Terras has been appointed Commander of the Air Defence Forces, Staff Air Vice-Marshal Younes El-Sayed Hamed was made Commander of the Air Force and Staff Rear Admiral Osama Ahmed Ahmed El-Gendy is now Commander of the Navy.
Salama is known for combining Egyptian traditional rhythms with modern vocals, often leading to unexpected mixes, and the audience on Sunday were treated to yet another innovation of Salama’s musical talent.
Tribal leaders promised to support the Egyptian army and the Ministry of Interior in their joint crackdowns on terrorism in Sinai, with the goal of restoring and maintaining security in the peninsula
As the sun began to make its way down the horizon, and families gathered at the park for Iftar, the signal to start was given. For the next ten seconds everyone scrambled to find a pose, and continued to hold the pose for the next three minutes. A videographer roamed around the still participants.
By Mohamed Abdul Monsef and Enaam Eladawy The General Organisation for Veterinarian Services (GOVS) decided to confine the Australian shipment of cattle for a month, expecting that the hormones found in the stock may dissolve within one month. Dr Yousef Shalaby, Director of Central Department of Veterinary Quarantine, said that treatment of the stock’s feed …
By Islam Serour The President’s spokesman, Dr Yasser Ali denied rumours about dropping the debts of 62,000 farmers, indicating that the decision is still undergoing study and research. The rumour originated on the ‘Kolena Wael Ghonem’ (“We are all Wael Ghonem”) Facebook page which stated, “Morsy drops EGP 109 million of debts to the agricultural …
By Islam Serour The new reshuffle within Telecom Egypt’s (TE) board of directors has been met by discord from the company’s workers, as calls for protests against the reshuffle after the Eid holidays have circulated on Facebook and twitter. The reshuffle was applauded by Hani Mahmoud, Minister of communication and information technology, in a press …
Mekki’s appointment as vice president comes at a time where the position has no rigidly defined powers
Morsy regained presidential powers which the constitutional decree had barred from
The complaint regards a New York Times article by David D. Kirkpatrick
The exact identity of the attackers remains unclear at this point yet
The new military chief will face many challenges
Morsy appointed Tantawi and Anan as presidential advisors and awarded Tantawi Egypt’s top state honour
By Islam Zayed Minister of Trade and Industry, Hatem Saleh, has handed responsibility for his electricity and export subsidies dossiers to Minister of Finance, Momtaz El-Saeed. El-Saeed plans to increase subsidies for the export sector from EGP 3.4 to 3.5 billion; EGP 600 million of which was approved in the state budget by the former …
Ramadan offers a whole new challenge to cooking Egyptian food. The breaking of the fast, Iftar, is the main menu of the day and consists of an array of dishes. Traditionally the meal starts with juice, to prepare the stomach for the feast that is to come, and a savoury soup. Appetisers are up next, followed by a main course and a sweet dessert completes the meal.
Iftars are meant to be shared and inviting your close friends and family for a home-cooked dinner-cum-breakfast can be daunting. But not to worry; during the month we will be giving you suggestions for full menus with a complete recipe for one of the dishes.
By Mostafa Salah The Freedom and Justice Party (FJP) concluded an agreement with a number of investors from Turkey and Sweden to establish garbage recycling factories in Alexandria. The project costs are an estimated $50 million. Member of FJP’s Supreme Council Saber Abou El-Fotouh said that prominent businessman Hassan Malek reached the agreement with the …
As part of their mission statement, Helm wishes to facilitate the employability process and increase job opportunities by connecting people with special needs with employers, and helping to launch and support for-profit businesses with inclusive employment policies.
Over the past decade, the Middle East has consistently been in the aviation industry’s spotlight as countries in the region invested heavily in passenger airplanes for their airlines, some of which are amongst the largest and fastest growing in the world, and state-of-the art equipment for their defense forces. In recent times, however, the region …
By Waleed Abel Azeem The National Bank for Development (NBD) is awaiting approval for an EGP 150 million grant from the Social Fund for Development Fund (SFD), according to Ahmad El-Masry, Director of Corporate Affairs at the bank. El-Masry said the grant would be directed to finance small and medium enterprises (SMEs) in according with …
Okasha is known for his controversial statements and criticism of the Brotherhood.
In an unexpected and unprecedented move, President Mohamed Morsy has sacked the country’s top military officials, Field Marshal Hussein Tantawi
The Egyptian military reported it had killed 20 so-called terrorists on Friday and arrested six
Human rights delegation visited prison after a complaint filed by Gamal Mubarak alleged poor conditions
Egypt played an important role in easing the tensions between Sudan and South Sudan
Morsy sacks Tantawi and Anan, reshuffles SCAF, reverses constitutional decree