US economy slows to 1.6% in Q1 of '24 – BEA    EMX appoints Al-Jarawi as deputy chairman    Mexico's inflation exceeds expectations in 1st half of April    GAFI empowers entrepreneurs, startups in collaboration with African Development Bank    Egyptian exporters advocate for two-year tax exemption    Egyptian Prime Minister follows up on efforts to increase strategic reserves of essential commodities    Italy hits Amazon with a €10m fine over anti-competitive practices    Environment Ministry, Haretna Foundation sign protocol for sustainable development    After 200 days of war, our resolve stands unyielding, akin to might of mountains: Abu Ubaida    World Bank pauses $150m funding for Tanzanian tourism project    China's '40 coal cutback falls short, threatens climate    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools    Egyptian President and Spanish PM discuss Middle East tensions, bilateral relations in phone call    Amstone Egypt unveils groundbreaking "Hydra B5" Patrol Boat, bolstering domestic defence production    Climate change risks 70% of global workforce – ILO    Health Ministry, EADP establish cooperation protocol for African initiatives    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    EU pledges €3.5b for oceans, environment    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    Acts of goodness: Transforming companies, people, communities    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egypt starts construction of groundwater drinking water stations in South Sudan    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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News in brief
Published in Daily News Egypt on 12 - 12 - 2008

United strikes code-share deal with Egypt Air
United Airlines said Thursday that it reached agreement with EgyptAir on a code-sharing alliance that will go into effect next summer. Code-sharing arrangements allow carriers to sell seats on each others aircraft, and to cooperate on frequent-flier arrangements, in a link that costs little and offers each party access to new customers and markets.
Starting next summer, United will place its code on EgyptAir flights to Cairo from New York Kennedy Airport and London s Heathrow Airport. EgyptAir will similarly attach its code to United flights from New York to Los Angeles and San Francisco, and on United flights that link London Heathrow with Chicago, Los Angeles, San Francisco and Washington Dulles. -Chicago Tribune
Report praises progress in de-mining North Coast
Egypt has come a long way in implementing a strategy to clear its North Coast area from mines planted during World War II, a report by Egypt s International Cooperation Ministry said.
The report noted that the ministry prepared, in cooperation with the Economic Development Ministry, a LE 60 billion strategy for the next 20 years to demine the area. The government will contribute 33 percent of the plan, while the private sector will finance 48 percent. The remaining 19 percent will be afforded by direct foreign investments and foreign contributions, the report said. -MENA
Dubai s Damac denies stake purchase report
Dubai-based Damac Properties on Friday denied a Turkish newspaper report that the emirate s ruler Sheikh Mohammed bin Rashid Al-Maktoum has bought a 40 percent stake in the private developer.
Turkish daily Vatan earlier on Friday quoted an official at Debba, a subsidiary of Damac Properties in Turkey, as saying Dubai s ruler had bought 40 percent of the group and that Damac Properties plans to invest $6 billion in a Turkish coastal development of hotels, houses, shopping malls and marinas.
Damac has not sold any shares to anyone, a Damac spokesman told Reuters in Dubai.
Dubai s real estate sector has been hit hard recently as property prices fall, construction projects are scaled back and jobs are cut.
In November Damac slashed 200 jobs and said it would not be expanding into new markets due to the global financial crisis.
The developer also said it was looking to reschedule the construction of select projects. -Reuters Alo, silatech sign cooperation deal
The Arab Labor Organization (ALO) signed on Thursday a cooperation agreement with the Qatari foundation Silatech on regulating the exchange of information and documents. This came during a meeting between Ahmed Loqman, director general of the Cairo-based ALO, and a delegation representing the Qatari foundation.
In statements following the meeting, Loqman was upbeat about the outcome of the talks between the two sides which dwelt on horizons of joint cooperation. Egypt and Qatar agreed on preparing studies about employment in Arab countries, he said.
The Qatari foundation is a non-profit organization, founded in 1995 according to a personal initiative by the Qatari emir. -MENA
WFP may establish center for climate research in Egypt
Minister of State for Environmental Affairs Maged George held a session of talks on Thursday with John M. Powell, deputy executive director of the World Food Program (WFP), where Powell offered to establish a center for climate research in Egypt to study the impact of climate change on cultivation in the African continent.
The minister s meeting with Powell came on the sidelines of the fourth UN Climate Change Conference currently in session in the Polish city of Poznan.
George welcomed the idea especially in light of his ministry s cooperation with the Egyptian Agricultural Research Center to produce new and good quality crops.
The minister also met with French Deputy Prime Minister and Minister of Environment Jean-Louis Borloo. Talks dealt with efforts to protect the Mediterranean from pollution within the framework of the Union for the Mediterranean project.
Representatives from 192 countries as well as environmental groups, aid agencies and industry groups have gathered in Poznan for the conference and for talks on cutting carbon emissions. -MENA
Egypt among busiest airports in Africa
Among the top 20 busiest airports in Africa, Cairo International Airport came in second with 12,577,524 passengers, reported AllAfrica.com.
Two South African Airports - the OR Tambo International Airport, Johannesburg with 19,457,498 passengers and the Cape Town International Airport with 8,426,618 - came first and third, respectively.
Sharm El-Sheik International Airport came in fourth with 6,424,851 passengers; followed by Hurghada International Airport with 5,947,616; and Mohammed V International Airport in Casablanca, Morocco.
According to the Airport International Council (ACI) report for 2007, Luxor International Airprot gets 1.9 million passengers.


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