Cairo – Saudi Arabia has announced it will re-open its embassy in Egypt, after closing it in late April due to massive protests. The conflict began when Ahmed al-Gizawi, an Egyptian human rights lawyer, was arrested in April by Saudi security forces upon arriving in the country to take part in the umrah, an Islamic [...]
New Delhi: Stranded in Saudi Arabia for days without required documentation, seven Indian nurses were rescued by the Indian Embassy in the Kingdom, officials said. Efforts are now on at war-footing to repatriate them. Four of the seven nurses, who are mostly from the southern Indian state of Kerala, which produces the highest number of [...]
CAIRO: The first Saudi Arabia women have been recruited into the country’s military service, Arab News reports. However, they will be stationed as privates as Passport Control departments on only border crossings. Although a first, many in the country argue it does little to boost female participation in the ultra-conservative country known for its repression [...]
KUALA LUMPUR: With reports that Malaysian citizens took part in the Berih 3.0 protests in Mecca and Medina in Saudi Arabia, the Malaysian government is concerned that the ultra-conservative Gulf country could ban the Southeast Asian citizens from participating in the Hajj and Umrah pilgrimages to the Islamic holy sites. The government here in Kuala [...]
CAIRO: Saudi Arabia’s Ambassador to Egypt and Permanent Representative to the Arab League Ahmad Abdul-Aziz Kattan declared that within the framework of Saudi support to Egypt, the two countries signed a memorandum of understanding stipulating that Saudi Arabia will assist Egypt with $500 million, a press release stated. An MOU, which states that the Kingdom [...]
CAIRO: The Saudi Arabian government has announced an ambitious plan to boost solar power in the country, aiming to install 41 gigawatts of solar power by 2032, the governments of King Abdullah City for Atomic and Renewable Energy announced. According to the government, the ultra-conservative Gulf kingdom is planning to place more focus on renewable [...]
New Delhi: India’s Haj pilgrims will no longer be able to avail government subsidy for their pilgrimage, as the country’s top court ordered that the subsidy be phased out over the next ten years. Over 100,000 Indian Muslims perform Haj by visiting the holiest Muslim site of Mecca, in Saudi Arabia. Justices Altamas Kabir and [...]
CAIRO: Egypt’s indices rallied to a 7-week high, amid optimism about a smooth president election, and the first increase in foreign reserves since 2010. EGX30, the main index, rose 0.6 percent to close at 5056 points, its highest close since March 22, rising for a fourth straight session. Central bank figures on Sunday showed Egypt’s [...]
CAIRO: Saudi Arabia billionaire Prince Alwaleed bin Talal is targeting three big investments in the near-term, setting a high bar for the acquisitions as he pursues ambitious returns of at least 20 percent, he told Handelsblatt’s Tuesday edition, a German newspaper. “We are currently in talks over three quite big (investment) projects – one in [...]
CAIRO: Saudi Arabia will implement its financial package to Egypt, said Minister of Planning and International Cooperation Fayza Abul-Naga. Abul-Naga, in statements carried by Saudi Al-Watan newspaper, and Arabic language daily, denied media reports claiming that Saudi Arabia intends to suspend financial aid to Egypt. This month, the Kingdom of Saudi Arabia will pump approximately [...]
CAIRO: Egypt indices have ended the first session of this week up over EFG-Hermes’ announcement that it sealed a deal to form a venture with Qatar’s Qinvest, a tie-up that will impact listed companies that EFG has stakes in. EGX30, the main index, rose 0.9 percent or 44.63 points to close at 4973.62, trimming its [...]
CAIRO: Saudi King Abdullah bin Abdul-Aziz met the Egyptian delegation in Riyadh on Thursday for a fence-mending visit aiming to defuse the crisis between Egypt and Saudi Arabia. The delegation, comprising lawmakers and public figures, is headed by People’s Assembly Speaker Saad Katatni and Shura Council Speaker Ahmed Fahmi. The delegation also met a host [...]
The Egyptian delegation that arrived in Saudi Arabia on Thursday to mend relation between the two countries over the imprisoning of Egyptian human rights lawyer Ahmed al-Gizawi was met with irony and resentment by the Egyptian online community, who called the delegation “the beggars delegation.” Alaa Lasheen (@3laa_Lasheen) wrote on his Twitter account: “They don’t [...]
CAIRO: Egypt’s indices ended the weekly sessions on Thursday by rebounding after a relative calmness returned to the restive Abbassiya area of Cairo, after several demonstrators were confirmed killed yesterday. EGX30, the main index, closed higher 0.46 percent or 24.3 points to close at 4929 points, as foreigners Arab investors were buying intensively over a streak of [...]
CAIRO: Egypt and Dubai seek joint marketing to promote two of the world’s popular Arab tourism destinations in various countries, including China and Australia. The developments were announced during a meeting of senior tourism officials on the sidelines of the Arabian Travel Market 2012 (ATM-2010). A Protocol of Cooperation between Egypt and Dubai for the [...]
CAIRO: The Egyptian Consultative Council emphatically seeks positive status in Egyptian-Saudi relations. They also urged Egypt’s transitional government, the Supreme Council of Armed Forces, to take immediate steps in restoring normal relations between the two countries. “Egyptian-Saudi relations will continue to be strong,” the council said in a statement after Saudi Arabia recalled its ambassador [...]
CAIRO: Prince Khaled bin Sultan, Saudi Arabia’s Deputy Defense Minister, spoke of the need for making military equipment spare parts locally, adding that it was encouraged by the late Prince Sultan. Speaking to reporters after visiting the air force command in Riyadh, he said about 120 factories in the Kingdom are now producing 156 spare [...]
CAIRO: An air disaster was averted yesterday when a Saudi Arabian Airlines Airbus 300 crash-landed at Jeddah’s King Abdulaziz International Airport after developing a technical glitch, Saudi aviation officials said in a statement. Khaled Al-Khaibary, spokesman for the General Authority for Civil Aviation (GACA), said the pilot radioed the control tower after the plane’s landing [...]
CAIRO: Egypt’s indices ended its daily session on Wednesday dipping, as deadly clashes resulted in estimates of 15 killed, and 45 injured near the Ministry of Defence, in Cairo’s Abbassiya. EGX30, the main index dipped 0.77 percent to close at 4906.60 points, trimming its gains in 2012 to 35.46 percent. EGX 70, index of the leading smaller and [...]
CAIRO: The International Monetary Fund (IMF) has urged Egypt for more strict procedures, in order to secure a $3.2 billion loan to support its budget, which has a gap of 12$ billion, according to an official IMF statement. Masood Ahmed, IMF director for the Middle East and North Africa, told Reuters that Egypt still needed [...]
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