Press release: Kellogg company acquires Mass Food Group, Egypt’s leading...
BATTLE CREEK, MICH: Kellogg Company (NYSE: K) today announced it has acquired Egypt’s leading cereal company, Mass Food Group, advancing Kellogg’s emerging market growth strategy. “As the number one...
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UNGA emergency session on Palestine should be on table: Arab foreign ministers
CAIRO: Arab foreign ministers adopted a statement drafted by Egypt and Palestine on clashes at Al-Aqsa Mosque in Jerusalem that demands the Security Council to end Israeli practices that “aim to alter...
View ArticleArmenian belly dancer acquitted of ‘insulting Egyptian flag’
CAIRO: Armenian-Russian belly dancer Safinaz was acquitted of the charge of insulting the Egyptian flag Monday, Youm7 reported. Agouza misdemeanor court cancelled a six-month jail term and a 15,000 EGP...
View ArticleCairoComix festival kicks off Sept. 28- Oct 3
CAIRO: Cairo’s first comic festival kicks off Monday, Sept. 28 and will last until Oct. 3, hosting a number of prominent cartoonists and graphic novelists, and will also award prizes for best press...
View ArticleFitch Rates Emirates Islamic Bank PJSC ‘A+'; Outlook Stable
Fitch Ratings-London/Dubai/Paris-28 September 2015: Fitch Ratings has assigned Dubai-based Emirates Islamic Bank PJSC (EI) a Long-term foreign currency Issuer Default Rating (IDR) of ‘A+’ and a...
View ArticleEgypt’s president announces planned shift to VAT regime
CAIRO: Egyptian President Abdel-Fattah el-Sissi says his government is planning to move toward a value-added tax regime as part of a series of major economic reforms. In an opinion piece published in...
View ArticleAfghan Taliban close in on governor’s compound in northern city
KUNDUZ: Taliban fighters battled their way into the centre of Kunduz city in Afghanistan’s north on Monday and were within blocks of the governor’s compound, the worst breach of a major city in nearly...
View ArticleCairo Airport resumes flights after 90-minute suspension due to military...
CAIRO: The Cairo Airport resumed air traffic Monday after a halt of 90 minutes as military exercises continue for the fifth time in 2 weeks. The air exercises may affect planes departing and landing;...
View ArticleEni gas find ‘credit positive’ for Egypt, supports growth
CAIRO: The discovery of a large offshore natural gas field in the eastern Mediterranean is “credit positive” for Egypt and Italy’s Eni, Moody’s Investors Service, a global credit rating agency stated...
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Turkey, Indonesia heading opposite ways: S&P Report Says
MADRID (Standard & Poor’s) Sept. 28, 2015–For all the similarities theyshare, Turkey and Indonesia are heading in opposite directions in terms ofcreditworthiness, chiefly because of policy trends...
View ArticleBeyti juice company vindicated after accusations of tainted product
CAIRO: Examinations carried out on apple juice produced by the Beyti Company have proven its conformity with the standard specifications and its validity for usage, Youm7 reported. A week ago, Egypt’s...
View ArticleAbbas out of options, out of synch with angry Palestinians
RAMALLAH: Palestinian President Mahmoud Abbas has threatened to drop a “bombshell” in a speech to the United Nations this week — prompting speculation that he will sever ties with Israel over its...
View ArticleCairo court rules lack of jurisdiction in designating Qatar, Turkey ‘terrorist’
CAIRO: Cairo Court for Urgent Matters ruled Monday lack of jurisdiction in a case demanding the designation of Qatar and Turkey as “terrorist states.” The civil plaintiff claimed that Qatar payed a...
View ArticleSaudi airstrikes hit Yemen wedding party, killing 28 people
SANAA: Yemeni security officials say two airstrikes by the Saudi-led coalition targeting the country’s Shiite rebels have struck a wedding party, killing 28 people and wounding dozens. The officials,...
View ArticleCIA, special ops cooperate to kill extremists in Syria, Iraq
WASHINGTON: With no regular American presence in the war theater, the U.S. has struggled to answer basic intelligence questions about the situation in Syria and Iraq, including the Islamic State...
View ArticleSaudi security forces kill two Islamic State suspects in raids
CAIRO: Two suspected Islamic State militants were killed and three were arrested by Saudi security forces in coordinated raids in the capital Riyadh and the eastern city of Dammam, the interior...
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‘Jewish Schindler’ claims ongoing aid efforts despite detractors
CAIRO: Steve Maman and his work through his organization, the Liberation of Christian and Yazidi Children of Iraq (CYCI,) has drawn comparisons to the work of Oskar Schindler from some, although local...
View Article217 Pakistani pilgrims tracked in Saudi Arabia; 85 missing
ISLAMABAD: Pakistan’s minister for religious affairs says authorities have tracked down 217 Pakistanis who went missing following last week’s stampede that killed more than 700 pilgrims during the hajj...
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