Egyptian prosecutor approves EGP 9bn Madinaty dispute settlement
Prosecutor Hisham Barakat
Cairo - MENA
Prosecutor Hisham Barakat approved a 9-billion-pound dispute settlement over the new Madinaty contract between real estate developer Talaat Mostafa Group (TMG) and the New Urban Communities Authority.
With the settlement deal, the company will pay nine billion pound to the state.
Madinaty project is a sprawling oasis of villas, hotels and golf courses on the outskirts of Cairo.
The case started when businessman Hamdi el-Fakhrani filed a lawsuit, claiming that the Housing Ministry-affiliated authority has given Talaat Moustafa Group the project lands at cheap price causing 147 billion Egyptian pounds ($26.25 billion) losses for the government.
GMT 00:37 2018 Wednesday ,24 January
Bitcoin slumps below $10,000GMT 22:49 2018 Tuesday ,23 January
Sharjah apartment rents see steep decline in 2017GMT 19:15 2018 Tuesday ,23 January
Emirati fined Dh2.2m for embezzling public fundsGMT 22:27 2018 Monday ,22 January
Jafza bridge benefits trade, logistics supply chainGMT 22:21 2018 Monday ,22 January
Damac chairman to speak on digital skillsGMT 10:55 2018 Monday ,22 January
Bahrain-Indian economic ties discussedGMT 22:42 2018 Saturday ,20 January
'Massive' infrastructure spending needed in AfricaGMT 12:49 2018 Tuesday ,16 January
Tabarak Buys Majority Stake in a Private Company
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 05:06 2024 Tuesday ,06 February
New hunt for flight MH370 gets under way
GMT 05:04 2024 Tuesday ,06 February
Skincare PR Performance Full Year 2017
GMT 07:02 2018 Saturday ,13 January
Everton in talks to sign Arsenal's Walcott
GMT 21:41 2017 Sunday ,11 June
Sri Lanka makes first arrest over hate crimes against Muslims
GMT 02:19 2017 Monday ,24 July
Pensive Neymar Instagram picture
GMT 19:37 2016 Tuesday ,27 September
Investment minister heads to London for talks with businesspeopleGMT 12:34 2012 Tuesday ,07 February
New Kurdish satellite TV station goes on air
GMT 00:00 2017 Thursday ,19 January
Algeria to reintroduce two-term limits
GMT 05:39 2017 Monday ,14 August
Nahyan bin Mubarak pays tribute to nation's martyrs
GMT 00:28 2016 Friday ,09 September
Kuwait Oil Price Down 88 cents to USD 40.80 pb
GMT 17:53 2017 Wednesday ,04 October
Emirates and Abu Dhabi Councils participate in Arab-African Conference
GMT 20:52 2017 Wednesday ,08 November
sending cash from Facebook?
GMT 10:18 2017 Friday ,02 June
How theatre is bringing young African migrants and Italians together
GMT 11:26 2016 Saturday ,23 January
Ex-porn star Sunny Leone determined to take on Bollywood
GMT 07:12 2013 Monday ,18 November
Sheikha Lubna pays tribute to womenGMT 19:19 2011 Sunday ,03 July
Shuttle Atlantis prepares to rocket into history
GMT 13:55 2017 Thursday ,16 March
Qatar Reiterates Condemnation of Syrian Regime's Systematic Criminal Conduct
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor