CIB, Legal and General divest life insurance CIL for 763M EGP
CAIRO: Egypt’s Commercial International Bank (CIB and Legal and General will divest their stakes in Commercial International Life Insurance Company (CIL) to AXA for a deal 763 million EGP ($97.40...
View ArticleNigeria’s president sacks defence chiefs – spokesman
ABUJA: Nigeria’s President Muhammadu Buhari has sacked the service chiefs of the army, navy and air force, a presidency spokesman told Reuters on Monday. The spokesman added that their replacements...
View ArticleBus bomb hits checkpoint in Nigeria’s Maiduguri, one killed
MAIDUGURI: A suicide bomber in a bus killed one member ofNigeria’s civilian joint task force (JTF) at the main checkpoint on the outskirts of the northeastern city of Maiduguri on Monday, military and...
View Article23 killed in military barracks collapse inRussia
MOSCOW: At least 23 Russian soldiers were killed and 19 taken to hospital when a military barracks collapsed near the Siberian city of Omsk, the Defence Ministry said on Monday. Television footage...
View ArticleUS STOCKS-Wall St to open higher on Greece rescue deal
Wall Street was set to open higher on Monday after euro zone leaders reached an agreement with Greece to move forward with a third bailout loan for the country to avert bankruptcy. Greece won...
View ArticleEGX Chairman delivers speech at Environment Program in Ethiopia per UN invite
CAIRO: Egyptian Stock Exchange (EGX) Chairman Mohamed Omran delivered a Monday speech at the United Nations Environment Program in Ethiopia on the role of groups in maximizing the return on development...
View ArticleEGX slumps over local, Arab institutions’ sell-offs
CAIRO: The Egyptian Exchange (EGX) lost ground on Monday, battered by selling pressures from local and Arab institutions. Market capitalization shed around 3.6 billion EGP ($459.77 million,) totaling...
View ArticleGreek deal done, Merkel’s allies rush to sell it in Germany
BERLIN: Germany’s political establishment rushed to defend a deal withGreece on Monday to negotiate a third bailout, with Chancellor Angela Merkel’s lieutenants selling the agreement as a victory for...
View ArticleSisi decrees establishing military, police guarding services
CAIRO: The Ministry of Defense, police and intelligence are now able to establish guard and security companies per a Sunday decree by President Abdel Fatah al-Sisi. The decree aims to reduce the use of...
View ArticleMahlab cancels Eid el-Fitr vacation for transportation workers
CAIRO: Public transportation workers will not have a vacation during Eid el-Fit, a Muslim feast that follows the holy month of Ramadan, per a decision by Prime Minister Ibrahim Mahlab, Youm7 reported...
View ArticleVideo: How was the Italian consulate bombed?
Video: How was the Italian consulate bombed?
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PRESS RELEASE: Foreign Secretary welcomes Libya agreement
Foreign Secretary Philip Hammond comments on the agreement to establish a Government of National Accord in Libya. Foreign Secretary Philip Hammond said: “The agreement to establish a Government of...
View ArticleEgypt, Italy cooperate to ‘iron out terrorism’
CAIRO: Egypt is responsible for securing all diplomatic missions against “terrorism” that target civilians and destabilize the state, said Egyptian Foreign Minister Sameh Shoukry Monday in a press...
View ArticleI Saw Harassment launches campaign to secure women in Eid el-Fitr
CAIRO: Egyptian grassroots initiative “I Saw Harassment” published a press release on its website Monday announcing launching a campaign during the Eid el-Fitr to secure women in streets. The...
View ArticleItalian marines’ Indian murder case may go to arbitration
NEW DELHI: A case in which two Italian marines are accused of killing two Indian fisherman could now be heard before an international court, offering a possible way out of a three-year impasse that has...
View ArticleNigerian leader fires military chiefs to fight extremists
ABUJA: President Muhammadu Buhari has fired all Nigeria’s military chiefs as a multinational army prepares for a fresh onslaught against the West African nation’s Islamic extremists. It was an expected...
View ArticleAfter hard negotiation, historic Iran nuclear deal reached
VIENNA: After 18 days of intense and often fractious negotiation, world powers and Iran struck a landmark deal Tuesday to curb Iran’s nuclear program in exchange for billions of dollars in relief from...
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Egypt allocates 5B EGP for New Administrative Capital
CAIRO: The government has allocated 5 billion EGP ($638.8 million) for the Administrative Capital project in its new budget, said Minister of Housing Mostafa Madbouly, Youm7 reported Monday. He added...
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