Word: heikal
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...firms including Apple, Cisco Systems, Dell, Microsoft and Yahoo! Dubai's move demonstrates the fulsome financial power of a region possessing tidal liquidity--as much as $2 trillion, by some estimates--built up by two years of oil prices topping $60 per bbl. "Nothing can stop them," says Hassan Heikal, CEO of EFG-Hermes, the region's leading investment bank. "These guys have investment managers as good as their counterparts in global institutions...
...Egypt's Trade Ministry, inter-Arab trade rose 22% in 2005 compared with a 4% rise three years earlier. Last month an Arab trade-ministers meeting in Cairo took up the technical yet crucial issue of adopting common product standards. "There is a reshaping of the landscape," says Hassan Heikal, CEO of EFG-Hermes Holding SAE, a Cairo investment bank, over cocktails at the Four Seasons First Residence--itself the product of a partnership among a local investor, a Saudi prince and a Canadian hotel mogul. "There is a new breed of CEOs who are willing to go outside their...
...controversial as Egyptian President Anwar Sadat was alive, he has become no less so a year and a half after his assassination. In a new memoir, his disillusioned onetime adviser Muhammed Hassanein Heikal contends that Sadat had a humble-beginnings complex that caused him to live inordinately lavishly. The author says that Sadat popped a couple of vodkas daily despite his Islamic faith's liquor prohibition. The Egyptian government last month banned import of the book. Anwar's widow Jehan Sadat, 49, has not commented publicly on Heikal's charges, but she will provide a portrait...
...clean, firm and fair." The fundamentalists, in fact, approve of Mubarak's campaign against corruption, his proposal to curb luxury imports, and his studiously private family life. "Some of the militants think he is redeemable and that they can establish a dialogue with him," says Ibrahim. Explains Mohammed Heikal, the influential former editor of the daily al Ahram, who was among those Mubarak freed: "No self-respecting Egyptian can deny Mubarak his support when he says, 'Let us turn a new page,' and when he tells all forces that he is ready to accept their participation...
Meanwhile, in a bold effort to promote political reconciliation in the country, President Hosni Mubarak, Sadat's successor, last week released 31 prominent figures arrested by Sadat. Among them were five former Cabinet officials and Mohammed Heikal, a former editor of the daily Al Ahram. In an extraordinary gesture, Mubarak had them brought directly from prison to the presidential palace to meet with him. Said Heikal afterward: "This is a great thing. It is the first time a President receives freed political prisoners and talks to them...