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 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 05:04 2024 Tuesday ,06 February
Skincare PR Performance Full Year 2017
GMT 17:17 2017 Monday ,06 February
Kuwait’s new opera house catches fireGMT 07:40 2011 Friday ,11 November
Groser: U.S pushing for TPP next year
GMT 12:19 2017 Thursday ,09 February
Warriors crush short-handed Bulls, Spurs and Cavs win
GMT 20:41 2017 Monday ,14 August
UAE doctors helping Indian girl hear for first time
GMT 13:46 2017 Monday ,18 September
Kuwait, India discuss military ties
GMT 06:02 2018 Friday ,12 January
Brexit could cost nearly 500,000 UK jobs
GMT 13:41 2017 Saturday ,30 December
Former coach criticizes Egypt’s Cuper
GMT 11:05 2012 Monday ,02 January
India\'s Maruti sees 7.1% fall in monthly sales
GMT 05:28 2015 Sunday ,08 March
Aden Yemen 'capital'GMT 15:36 2012 Thursday ,12 July
Molinari leads Scottish OpenGMT 13:20 2011 Friday ,25 November
A colourful impressionGMT 13:18 2011 Sunday ,29 May
Taiwan welcomes US Senate push for F-16 saleGMT 05:33 2013 Wednesday ,20 February
Ubuntu for smartphones approachingGMT 09:45 2011 Wednesday ,27 July
S. Korea seeks to build airport on East Sea islandGMT 07:37 2011 Sunday ,19 June
New Libya civilian deaths claim draws NATO denial
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