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Vodafone and TE strategic partnership could rattle telecom market

CAIRO: Vodafone and Telecom Egypt announced on Thursday that they had entered into a strategic partnership to increase cooperation between both parties and to jointly develop a range of products and services for the Egyptian market. The agreement will focus on restructuring the Vodafone Egypt Board, reflecting the new shareholding structure and its extension of …

Agencies

Sanpaolo to keep Bank of Alexandria management

CAIRO: Italy s Sanpaolo IMI will keep the current management of Bank of Alexandria, which it bought in an auction on Oct. 17 for $1.6 billion, the Italian bank said on Wednesday. Asked at an investment conference in Cairo if Sanpaolo would retain the current management, Giuseppe Cuccurese, the head of Sanpaolo IMI s foreign …

Agencies

Alleged arms smuggler nabbed in northern Sinai

Two Israelis arrested as they illegally crossed border CAIRO: Police arrested a fourth person suspected of involvement in arms trafficking to the Gaza Strip, security sources said Wednesday. A security official speaking on condition of anonymity said Ibrahim Saleh was captured Tuesday in northern Sinai. The confessions of three other arms smugglers nabbed on Oct. …

Agencies

Al Jazeera tops Forbes list of Arab brands

Forbes CEO forum comes to the Middle East for the first time DUBAI: Television news channel Al Jazeera won the top spot in a list of the best-known Arab brands compiled by Forbes magazine s Arabic edition, besting Dubai-based Emirates airlines. Qatar-based Al Jazeera, which has been criticized by Washington for airing messages from al …

Agencies

Egypt Muslim leader condemns 'ferocious war' on Islam

CAIRO: The head of the banned but tolerated Muslim Brotherhood on Thursday condemned what he described as the West s ferocious war against Islam. We observe with open eyes and alert minds this ferocious attack against Islam and Muslims, Mohammed Mehdi Akef said in a statement issued for next week s Eid Al-Fitr feast. He …

Agencies

Mobinil selects Followap for mobile instant messaging

SINGAPORE: Mobinil has selected Followap, the leader in mobile instant messaging (IM), presence and interconnect solutions to power its own brand of instant messaging services. Subscribers to Mobinil s operator IM service will be able to enjoy the benefits of real time communications on their mobile device through Followap s Instant Messaging Service Center (IMSC). …

Agencies

He did it all for a kiss

CAIRO: Two young Egyptians caught in the act of kissing in public in Cairo during the Muslim holy month of Ramadan have been fined 100 pounds ($17.50) each, newspapers reported Wednesday. A court in Kasr al-Nil district found the pair guilty of offending public morals when they kissed in broad daylight on the banks of …

Agencies

Libya shows Egyptian coach the door

CAIRO: Egyptian manager Mohsen Saleh has been relieved of his duties as head coach of the Libyan national team, the Libyan Football Federation (LFF) announced. Saleh has been sacked following poor results in the two opening qualifying games of the 2008 African Nations Cup. The LFF thanked Saleh for his work during the last period …

Agencies

Contaminated water kills one person, hospitalizes 100 others in Egypt

CAIRO: Contaminated water has killed one person and sickened more than 100 others in Al-Daqahliya province, according to police and medical sources. The ill were admitted to area hospitals over the last two days with symptoms including fever, stomach aches and vomiting. Many were released from the hospital after receiving treatment, but more than 50 …

Agencies

Visa announces global restructuring

Intends to begin the IPO process and list its shares on a major stock exchange SAN FRANCISCO: Visa announced this week that it intends to restructure its organization in order to create a new public global corporation called Visa Inc. As a part of this restructuring, Visa Europe will remain a membership association, owned and …

Agencies

Visa announces global restructuring

Intends to begin the IPO process and list its shares on a major stock exchange SAN FRANCISCO: Visa announced this week that it intends to restructure its organization in order to create a new public global corporation called Visa Inc. As a part of this restructuring, Visa Europe will remain a membership association, owned and …

Agencies

Egypt takes swipe at "uncompromising" Hamas

President to visit Russia and China in November CAIRO: Egyptian Foreign Minister Ahmed Abul-Gheit took a fresh swipe at the Hamas-led Palestinian government and leader Ismail Haniya in an interview published Tuesday by the top-selling daily Al Ahram. There is an Arab initiative of land for peace, which the Palestinian prime minister rejects. So let …

Agencies

Rafah monitors threaten to leave following extensive border closures

JERUSALEM: U.S. and European security officials have told Israel that European states may withdraw their monitors from the Rafah border crossing between the Gaza Strip and Egypt unless Israel agrees to keep it open. Rafah is the Palestinians only crossing to the outside world that does not require passing through Israel. It has been closed …

Agencies

Prosecutor urges Egyptian refugee claimant in Canada to remain behind bars

TORONTO: An Egyptian refugee claimant detained for five years without charge as a suspected terrorist ought to remain behind bars because he still poses a critical threat to public safety, a government prosecutor said Tuesday. In urging that Mahmoud Jaballah be denied bail for a third time, prosecutor Donald MacIntosh argued that no court-imposed conditions …

Agencies

Egyptian detained in Canada begins quest for bail

TORONTO: An Egyptian father of six detained as a suspected terrorist for five years without charge or trial began his third quest for bail, with a former Canadian hostage in Iraq speaking out in his defense. Lawyers for Mahmoud Jaballah argued Monday that even if he was considered dangerous, he should be released on stringent …

Agencies

Boeing, EgyptAir exercise options for six additional 737-800s

CAIRO: Boeing and EgyptAir on Sunday marked delivery of the airline’s first Next-Generation 737-800 by announcing the Cairo-based carrier’s exercise of options for six additional 737-800s. The total order for 12 airplanes is valued at $850 million at list prices and marks a significant investment by EgyptAir to bolster its regional operations. “The Next-Generation 737 …

Agencies

Egypt signs 10 agreements on $405 million of American grants

CAIRO: The Egyptian Minister of International Cooperation Fayza Abul Naga has signed 10 agreements on financial grants provided by U.S. economic aid to Egypt at a combined value of $405 million. The funds will be used to support efforts to revamp infrastructure in health and education, in addition to supporting economic reforms and the private …

Agencies

EFG-Hermes receives online trading licence

CAIRO: EFG-Hermes announced yesterday that it has received approval from Egypt s Central Monitory Authority to launch and operate its online trading in Egypt. Since launching online trading in the UAE in May 2006, trading volumes have grown 10 fold. Mamdouh El Baz, regional head of On-Line Trading for EFG-Hermes, said Now our customers in …

Agencies

Egypt demands Hamas release Israeli soldier

CAIRO: Egypt has demanded that Hamas immediately release a captured Israeli soldier to avoid a worsening crisis in the violence-battered Gaza Strip, Palestinian officials and Arab diplomats said. The Egyptian demand came in a strongly worded letter from Egypt s powerful intelligence chief Omar Suleiman to the Syrian-based Hamas leader Khaled Meshaal, the officials said …

Agencies

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