798 Articles
Unlike last year, the main international competition has been a major disappointment. The quality of most of the films ranged from below average to mediocre. Even the few good ones were inconsequential in terms of artistic merits and cinematic vision. Two films stood out though: Anand Tucker’s heart-breaking adaptation of Blake Morrison’s best-selling British novel …
If the cuisine of South America is new to you, you re in for a treat. Steaks restaurant has just started a South American buffet promotion and will be offering guests their first experience to savor authentic Latin American food in Cairo. The history of this type of cuisine is quite interesting. It is influenced …
THE HAGUE: Controversial Muslim intellectual Tariq Ramadan said Wednesday he had turned down a chair of Islamic studies post at a Dutch university amid criticism from the far right. But while acknowledging his critics, Ramadan said they had nothing to do with his decision not to accept the job. He said in a statement on …
CAIRO: Pedestrians by the railroad crossing of Mansheyet Nasser witnessed a horrific scene when 18-year-old Hossam Arabi Fathi grabbed 21-year-old Mohamed Al Sayed’s head and took a knife to his throat, Al-Akhbar newspaper reported. Witnesses who were present at the scene seized Fathi and turned him into the Nasr City police station. He told police …
SOUTHAMPTON, Bermuda: Top-ranked Amr Shabana of Egypt won his 18th straight match to set up a World Open squash semifinal with defending champion David Palmer of Australia on Thursday. Shabana defeated 2004 champ Thierry Lincou of France 10-12, 11-6, 12-10, 11-5, while third-seeded Palmer dispatched Alex Gough of Wales, the only unseeded player in the …
Kuwait-based company involved in containers project in Damietta The Kuwait News Agency reported that the international KGL transport company declared on Thursday it laid the corner stone of a new containers station in the Egyptian port of Damietta and that the facility would open in November 2008. The Kuwait-based company said in a statement that …
DUBAI: Reuters has announced that the DP World stocks listed on Dubai International Financial Exchange (DIFX) can be traded over the Reuters Order Routing (ROR) network. DP World listed on DIFX on Monday, allowing investors to access 20 percent of the company valued at $21.6 billion. Reuters Order Routing offers a user-friendly trading solution that …
The award-winning “Ptolomeo and Family bookshelves are now available in Cairo, giving readers who own a lot of books and little storage space a stylish solution. For any literature fan books always seem to pile up, but with Bruno Rainaldi’s sleek playful designs, the piles quickly become skyscrapers. When the shelves are full the minimalist …
CAIRO: Talaat Mustafa Group (TMG) shares inched down to close at LE 13.28 on the second day of trading, after performing worse than expected on their market debut. Major stocks dropped Wednesday as shares of real estate developer TMG disappointed, dragging down the real estate sector, reported Reuters. On Wednesday, shares of Heliopolis Housing dropped …
CAIRO: In celebration of International Disability Day, the British Council in Egypt is organizing a series of events to raise awareness about the rights of people with disabilities. The celebrations will start on today with “A Celebration of Different Abilities at the British Council s Agouza premises, which will be attended by celebrities and goodwill …
CAIRO: A chauffeur tried to murder his employer over a financial disagreement by setting her on fire. In an ironic twist of fate, she fought back and caused him to catch fire as well, Al Gomhuriya newspaper reported. According to the newspaper, the 35-year-old driver Ibrahim tricked Fatma, 55, into coming to his sister’s apartment …
CAIRO: Intel Corporation showcased its latest family of processors for the first time in Cairo on Sunday. The newly unveiled 16 server and high-end PC processors are built using a new transistor formula that alleviates the wasteful electricity leaks that threaten the pace of future computer innovation. In addition to increasing computer performance and saving …
CAIRO: Ahli United Bank (Egypt) announced its financial results for the first nine months of 2007. The bank posted net interest income of LE 131 million, a 35 percent increase over the same period in 2006, and net operating income of LE 195 million, an increase of 23 percent compared to the same period in …
Generations of writers have been inspired by the multi-cultural, outward-looking city of Alexandria. In recent history, the most famous literary work about Alexandria by a non-Egyptian author is Lawrence Durrell’s “Justine, the first volume of his classic “Alexandria Quarter. To celebrate the 50th anniversary of the publication of this book, the British Council and the …
CAIRO: Operation Smile Egypt completed its third medial mission to Egypt from Nov. 8-16, providing 326 free medical evaluations and reconstructive surgery to 92 children and young adults suffering from facial deformities. More than 50 volunteer team members, including plastic surgeons, anesthesiologists, nurses, pediatricians, dentists, speech pathologists and others, cared for children who suffer from …
CAIRO: The InnoVest Group has announced the development of a technology infrastructure consortium comprised of software, hardware, outsourcing and systems integration companies from US, Canada, UK, China and India. InnoVest Group is a Virginia-based technology and infrastructure development and consulting company. The consortium is headquartered in New York with office in Jebel Ali Technology Park …
CAIRO: Arab League Secretary General said early on Friday that Arab countries will not offer Israel “normalization for free during the upcoming US-sponsored Mideast peace conference. Amr Moussa remarks were made shortly after midnight at the end of an informal gathering of some 11 Arab foreign ministers at the Arab League headquarters in Cairo ahead …
CAIRO: The Cairo and Alexandria Stock Exchange’s Listing Committee held on Nov. 21 decided to grant two companies a grace period of 10 days effective Nov. 22 to send their financial statement “for the period that ended on Sept. 30, Case said in a press statement. The two companies – General Company for Land Reclamation, …
CAIRO: Starting this week, Arabic-language web surfers will be able to customize their Google homepage with information and applications from over 10,000 sources, the company said in a statement to the press. From to-do lists and games, to news and videos, iGoogle gives users immediate access to the information they most care about – all …
Abraaj Capital has agreed to a transaction with Dubai Financial Group, a subsidiary of the Dubai Group, whereby the latter will acquire 100 percent of Abraaj Egypt Ltd. and Abraaj SPV 26 Ltd for a total consideration of approximately $ 1.1 billion, according to press statement by EFG-Hermes. The acquired companies collectively own 24.62 percent …
CAIRO: Investment bank EFG-Hermes has announced consolidated audited financial figures for 2007 third quarter. During the three month period, total consolidated revenues more than doubled over that of the same period last year to reach LE 549 million. This brings total consolidated revenue for the first nine months of 2007 to LE 1.53 billion compared …
CAIRO: The Ministry of Health and Population (MoHP), in co-ordination with the President of The British University in Egypt (BUE), Professor Mostafa El Feki, has recently held its third blood donation campaign on BUE campus. The BUE blood donation, which is a part of a national campaign, has had outstanding results. The BUE students have …
CAIRO: I-flex solutions, a provider of information technology solutions to the global financial services industry, announced that it will participate in the Made in India show in Cairo on November 20 -23, 2007. The company will sponsor the Indo-Egypt Industrial Cooperation Seminar. Its chief Executive Officer and Managing Director R.K.N Raman will arrive in Egypt …
CAIRO: It was a stunning attack, still recalled with horror a decade later: Terrorists armed with knives and automatic weapons massacred 58 foreign tourists, mainly Germans, Swiss and Japanese, at one of Egypt s most popular pharaonic temples. But despite the dramatic bloodshed, the Nov. 17, 1997 attack at Hatshepsut temple in Luxor turned out …
You’re driving along a two-way highway at high speed, when the car in front of you suddenly stops. You swerve onto the opposing lane to avoid the collision, but there is a car driving towards you so you immediately swerve back. But at no point did you actually hit the brakes – that’s because you’re …
CAIRO: Naeem Holding board of directors decided to take initial steps to acquire a controlling stake in Naeem KSA ranging between 75-80 percent of the company’s overall capital. The company announced that the acquisition is to take place at a price-to-earnings ratio (P/E) of five times relative to the normalized earnings of Naeem KSA achieved …