Egypt approved on Thursday the formation of a new liberal political party headed by a former member of President Hosni Mubarak's ruling National Democratic Party (NDP).
ABU DHABI — Shaikh Abdullah bin Zayed Al Nahyan, Foreign Minister, received a verbal message from his Egyptian counterpart Ahmed Abul Ghaidh, dealing with bilateral relations between the UAE and Egypt and the recent developments in the region.
BRUSSELS (AP)--The European Union said Thursday it was extending its monitoring mission on the Rafah border crossing between Egypt and the Gaza Strip for another year.
EU foreign policy chief Javier Solana said Wednesday the European Union seeks more reponsibility in monitoring Gaza's border with Egypt, after its mission at the post was extended by a year.
Egypt last week denied there were any plans to build a causeway linking Saudi Arabia to Sharm el-Sheikh, saying such a project would be bad for tourism in the popular the Red Sea resort.
Egypt is set to become a major hub for outsourcing in the Middle East, according to research firm Yankee Group. As more multinational companies start outsourcing IT services and call centre operations, Egypt is in pole position to develop its share of the global outsourcing market, the group said.
Morgan Stanley intends to open an office in Egypt to grow its business there. The financial services firm said it will soon apply for local regulatory approvals. Amr Diab has been appointed as executive director and country representative.
In line with its strategy of deploying the Firm's comprehensive resources in the Middle East and North Africa Region, Morgan Stanley yesterday announced its intention to seek appropriate regulatory approvals to establish an office in Cairo, Egypt.
Egyptian authorities license a new party led by a former prominent member of the ruling National Democratic Party.
Visiting EU foreign policy chief Javier Solana on Wednesday said the European side wanted its observing mission on the Rafah crossing between the Gaza Strip and Egypt to be more effective.