Dubai must seize opportunity to grow Islamic asset management from US$60bn to...
DUBAI: European Islamic Investment Bank plc (‘EIIBRasmala’ or the ‘Group’), the London-listed asset management and financing group, today published a white paper on how Dubai can become the global hub...
View Article20 arrested in Matrouh before illegal travel to Libya
CAIRO: The attempt of 20 persons to illegally travel to Libya was foiled Monday in Matrouh, Youm7 reported. Fourteen of the defendants arrested are from Minya in Upper Egypt, four are from Matrouh and...
View ArticleRenaissance Capital strengthens Dubai team
Renaissance Capital strengthens Dubai team Boosts MENA offering with key new hire Dubai, 13 October 2015 – Renaissance Capital, a leading emerging and frontier markets investment bank, has announced...
View ArticleSuez Canal revenues grow 5.6% in August
CAIRO: Suez Canal revenues recorded $462.1 million in August, up from $437.7 million in July, according to data from the Suez Canal Autority (SCA.) The figure marks a 5.6 percent growth in the...
View ArticleProbe opened into alleged graft in Grand Egyptian Museum
CAIRO: Egypt’s administrative prosecution has ordered an investigation into alleged embezzlement of funds allocated to construct the Grand Egyptian Museum, Youm7 reported Tuesday. “In the next few...
View ArticleTelecommunication services recovered in S. Sinai after 6-hour outage
CAIRO: Telecommunication service has been reconnected for residents in South Sinai following a 6-hour outage yesterday, state-owned Telecom Egypt announced Tuesday. The service had suddenly been cut...
View ArticleIn Egypt, elections look set to cement return to the past
MINYA, Egypt: Holding court behind a battered desk at his campaign office in the southern town of Minya, Bahaa Fikry embodies Egypt’s past. A provincial apparatchik in Hosni Mubarak’s ruling party...
View ArticleENI gas field to begin operation by 2017 end: Official
CAIRO: The Italian gas company ENI expects to begin production on its Mediterranean gas field by the end of 2017, the company president Claudio Descalzi told TV presenter Ahmed Moussa. Descalzi told...
View ArticleRussia’s Putin says economic crisis in Russia has reached peak
MOSCOW, Oct 13 (Reuters) – Russian President Vladimir Putin said on Tuesday the economic crisis in Russia has reached its highest point. “The peak of the crisis has been reached,” Putin told a business...
View ArticleEgypt’s external debt hits record of $48.1B as of June-end
CAIRO: Egypt’s external debt surged to $48.06 billion by the end of June, marking an $8.2 billion hike from $39.9 billion at March-end, the Central Bank of Egypt (CBE) announced in a Monday report. The...
View ArticleIsrael opens fire at Syrian target after rocket attack
JERUSALEM: The Israeli military says artillery units have opened fire at Syrian army positions after rocket fire from Syria landed in the Israeli-controlled Golan Heights. The Israeli army said Tuesday...
View ArticleRussia says shelling of its embassy in Damascus act of terrorism
MOSCOW: Russian Foreign Minister Sergei Lavrov said on Tuesday Moscowconsidered the shelling of its embassy in Damascus as a terrorist act, RIA news agency reported on Tuesday. “This is an obvious act...
View ArticleEgypt to import 850 smart-card metro turnstiles from France
CAIRO: Egypt has concluded an agreement with French Thales to buy 850 smartcard turnstiles for metro lines 1 and 2 at a cost of $160 million, an official source at the metro company told Youm7 Monday....
View ArticleTrial of Jordanian lawmaker over assaulting Egyptian adjourned to Oct. 25: Amb
CAIRO: The trial of a Jordanian parliamentarian and his brothers over the assault of an Egyptian worker has been adjourned to Oct. 25, CBC channel reported Tuesday. A video recently circulated on...
View ArticleDar al-Ifta to perform moon sighting Tuesday, announce date of new Hijrii year
CAIRO: An astronomical observation will be carried out Tuesday evening to determine the beginning of the new Muslim Hijri year 1437, Dar al-Ifta, the religious institution responsible for issuing...
View ArticleRafah crossing to open for one day: Palestinian embassy
CAIRO: Egypt will open the Rafah border crossing in one direction into Gaza Thursday for one day, announced the Palestinian embassy in Cairo Tuesday. On Tuesday, 43 Palestinians arrived in Cairo...
View ArticleA 50-year old facelift: Tourism Ministry celebrates Ramses’ restoration
CAIRO: It has been 50 years since the statue of Ramses in the temple of Abu Simbel has had his “facelift,” including restoration work on the statue that draws crowds every year for a marvel of...
View ArticleAL Secretary General calls for UN to stop Israeli violations
CAIRO: Cairo-based Arab League Secretary-General Nabil Al-Araby called Tuesday for a U.N. resolution to put an end to Israeli violations in Jerusalem against the Palestinians, Youm7 reported. “With...
View ArticleRussian air force makes 88 sorties, hits 86 IS targets in Syria – Ifax
MOSCOW: Russia’s air force has made 88 sorties, hitting 86 Islamic State targets in Syria in the last 24 hours, Interfax news agency reported on Tuesday, citing a defence ministry representative. The...
View ArticleAwqaf Ministry releases names of Egyptians killed, missing in Hajj stampede
CAIRO: The Minister of Awqaf (religious endowment) announced Tuesday the names of the Egyptians who were killed, injured and missing in the September Hajj stampede. In a statement released Tuesday, the...
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