Latest in Tag: Brazil Highlight

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Latest in Tag: Brazil

Egyptian-Brazilian trade ties indicate strong relationship

Brazil and Egypt continue to enjoy strong trade relations, a resounding demonstration of the countries’ strategic partnership. It is a relationship that stems back as far as 1924 when bilateral relations between Egypt and Brazil began. Over the years, the countries have enjoyed friendly ties and struck agreements on many important global issues, particularly in …

Michel Alaby

Brazil gears up for 2016 Summer Olympics

Brazilian metropolis Rio de Janeiro has a lot to do before hosting the Summer Games, including overcoming economic crisis and cleaning up its harbor. Eight months before the Games begin, here’s a progress report.

Deutsche Welle

Brazil’s Marin agrees to US extradition in FIFA corruption case

Jose Maria Marin, who led the organizing committee for World Cup 2014 in Brazil, has agreed to relocation to the US pending trial. He’s wanted on racketeering charges and could face up to 20 years. Switzerland’s justice ministry said in a statement on Wednesday that the 83-year-old Marin “must be placed in the custody of …

Deutsche Welle

Cheap oil threatens North Sea fields

Low oil prices have strained the budgets of countries, which depend mainly on fossil fuel exports. And the slide have also affected the fields themselves, which are “no longer economically viable” in this environment. Low oil prices could bring about the closure of about 140 oil fields in Britain’s North Sea in the next five …

Deutsche Welle

VW CEO Winterkorn likely to stay until end of 2018

Directors at Germany’s Volkswagen have thrown their weight behind extending the contract of CEO Martin Winterkorn. They said he should not leave the post before the end of 2018, hoping for more successful years. German carmaker Volkswagen said Wednesday that key members of its supervisory board hoped to extend the contract of CEO Martin Winterkorn …

Deutsche Welle

IMF: ‘Bumpy’ road ahead for emerging economies

The world’s lender of last resort, the International Monetary Fund (IMF), has said up-and-coming nations must do more to weather the fallout of weaker global growth and a slowdown in China’s economy. The IMF’s managing director, Christine Lagarde, on Tuesday warned the emerging countries of the world that the road ahead could be “somewhat bumpy,” …

Deutsche Welle

Overseas corporate corruption still a major problem

Cross-border corporate bribery is still a largely unresolved issue, Transparency International has concluded in a fresh report. Germany, it said, was among only few nations actively combating corruption. Transparency International (TI) said Thursday that about half of the 41 signatories to the OECD anti-bribery convention had been doing “little or nothing” to fight growing levels …

Deutsche Welle

Egypt eighth amongst 10 highest smartphone sales in developing markets

By Mohamed Alaa El-Din A recent report issued by GFK Institution ranked Egypt as having one of the highest  smartphone sales in developing markets in 2015. According to the report, Egypt occupied eighth place in the list of countries that included India, Pakistan, Nigeria, Brazil, China and Indonesia. The report said Egypt’s sales of smartphones …

Daily News Egypt

HSBC operating profit up, net income falls

Europe’s biggest bank, HSBC, has reported a drop in bottom-line earnings for the second quarter, but pointed to rising operating profit in the first half of 2015. The lender is in the midst of deep restructuring. HSBC announced Monday that its net profit fell 3.8 percent in the three months to June. In the first …

Deutsche Welle

Rio Olympics security force double that of London games

Organizers of the 2016 Olympics in Rio de Janeiro say they’ll have more than double the number of security personnel as London had at the previous games. Pollution in Brazil has also been under the microscope. At an event held Thursday to mark 53 weeks until South America’s first ever Olympic Games, Rio’s security secretary …

Deutsche Welle

Investors lose interest in Russia

Global investment funds are turning increasingly skeptical about Russia’s economic prospects, as investors show less interest in Russian equities. The “BRIC” investment idea is also no longer attractive. The news came from the United States and hit big waves in Russia, but grabbed little attention in Germany: The Templeton Russia and East European Fund, a …

Deutsche Welle

FIFA announces 2018 World Cup schedule

Just over a year after Germany clinched its fourth World Cup crown in Brazil, FIFA have announced the match schedule for the 2018 World Cup in Russia. Will Germany be at the final again? FIFA have announced the match schedule for the 2018 World Cup in Russia on the eve of the qualifying draw in St Petersburg. Kickoff times for…

Deutsche Welle

World Cup boosts Iran’s image, highlights political sports battles

By James M. Dorsey It didn’t take long for it to emerge that Iranian President Hassan Rouhani shared an understanding of football’s political utility with predecessor, Mahmoud Ahmadinejad, whose conservative policies he hopes to reverse. Like Ahmadinejad, Rouhani, a cleric, is seeking to identify himself with the success of his country’s national football team, delivering …

Daily News Egypt

Time for Brazil

On Thursday, brace yourselves, because the football feast will start at the nation where football has been always at its best: Brazil.

Fady Ashraf

Will Brazil win the World Cup?

By Dr César Chelala When Diego Maradona was asked in 1998 who would win that year’s football World Cup being played in France, he said: “Countries organise the World Cup to win it,” thus suggesting that France would be the winner. And it was. The same thing could be said for this year’s World Cup in Brazil. For most people, Brazil is …

Daily News Egypt