Islamic World News

The foreign ministers of Jordan and Egypt postponed until July 25 their first visit to Israel on behalf of the Arab League to revive a long-stalled Arab peace initiative, officials said on Tuesday.

Egyptian officials rule out any possibility for Fatah and Hamas to resume talks soon, the state-owned news agency said Tuesday as Egyptian security forces deployed reinforcements along the border with the Gaza Strip.

Cairo vehemently opposes the deployment of an international peacekeeping force in the Gaza Strip, Egypt’s intelligence chief Omar Suleiman told a delegation of MKs from the left-wing Meretz party in Cairo Sunday.

Egypt on Tuesday banned all poultry imports from France and Germany after the potentially fatal H5N1 strain of bird flu was discovered in birds there.

Egypt should receive record net foreign direct investment of more than $10 billion in the current fiscal year ending in June, according to the country’s primary governmental authority on investment.

Egypt agreed Monday to offer 80 percent of the country’s third-largest public sector bank, Banque du Caire, to a strategic investor, a cabinet spokesman said.

A special Israeli envoy gave Egypt last week a list of Hamas prisoners Israel is prepared to release in an exchange for abducted Israel Defense Forces Cpl. Gilad Shalit, the London-based newspaper Al-Hayat reported.

A delegation of Israel’s liberal Meretz party will on Sunday travel to Cairo to meet with Egyptian officials, the party said in a statement.

Dubai: Egypt is well on its way to establishing itself as an important player in the lucrative and fast-growing offshore outsourcing market. But it must take some steps to facilitate its ascendance in this market if it is to become the India of the Middle East, says a Yankee Group …

The EU is scaling back its monitoring mission at the Gaza-Egypt border, a spokeswoman said Saturday, suggesting that Gaza’s only gateway to the world won’t open again anytime soon.