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RIYADH: A Saudi man lost a bit of his nose in a joint assault by his two wives after he jokingly threatened to marry a third woman. Judaie Ibn Salem had thought his threat would help resolve an argument over dividing up his house. I swore that I would do it because … they were …
Egyptian forces have arrested a Palestinian man trying to enter the country through a tunnel on the Gaza border, security sources said on Monday. A border patrol arrested Palestinian Ahmed Nasser Abu Raba a in a tunnel near the memorial of the unknown soldier in the town of Rafah, said one of the sources, who …
Two university professors have combined their knowledge of science and videogames to create a game that helps students learn chemistry. Instead of using books, beakers and test tubes, students battle aliens and other mysterious forces that are trying to destroy the earth by increasing global warming. Using gaming technology to supplement science instruction involves a …
SAN FRANCISCO: At a recent event to show off upcoming Microsoft video games, a young man worked a computer mouse and keyboard to make his on-screen warrior jump and fire his gun. On a nearby couch, a woman did the same thing, only with an Xbox 360 controller. The interesting thing is that they were …
JAKARTA: Egyptian vaccine maker Vacsera is looking to team up with an Indonesian company to develop a bird flu vaccine for humans, an Egyptian minister and a company official said late on Wednesday. Indonesia has the world s highest death toll from bird flu with 72 fatalities from the H5N1 virus. A 15-year-old girl tested …
CAIRO: The Egyptian government will use $1 billion in loans from the World Bank and the African Development Bank to raise the capital of the country s two biggest state banks, National Bank of Egypt and Banque Misr, a statement said on Wednesday. The World Bank is lending $500 million and the African Development Bank …
CAIRO: Egypt sent an archaeological team to France on Thursday to retrieve 3,200-year-old strands of hair from the mummy of Pharaoh Ramses II, who presided over an era of great military expansion in Egypt, state media said. The existence of the hair came to light last year when some of the strands were offered for …
CAIRO: Gamal Mubarak, the politician son of Egyptian President Hosni Mubarak, will marry on April 28 and the wedding party will take place on May 4, the independent newspaper Al-Masry Al-Youm reported on Monday. His fiancee is Khadiga Mahmoud El-Gammal, the daughter of a wealthy building contractor, and they have been engaged since early 2006. …
CAIRO: President Hosni Mubarak has proposed a law that would set up an appeals court for suspects tried before military tribunals, known for their tough and swift verdicts, a cabinet statement said on Wednesday. Mubarak has sent the draft bill to both houses of parliament, dominated by his ruling National Democratic Party. Under the present …
JOHANNESBURG: African champions Egypt eased to a comfortable 3-0 win over Mauritania in Cairo on Sunday night to keep their lead in Group Two of the African Nations Cup qualifiers. Striker Mohamed Zidan, who has been in a rich goal scoring form for his German club Mainz, got Egypt off to a 12th minute lead …
CAIRO: Egyptian share indexes edged down on Tuesday led by Egyptian Tourism for Resorts which saw its stock hit by profit-taking as the session s most heavily traded share by volume, traders said. Egyptian Tourism for Resorts had one of the heaviest volumes in trade I have seen, said Hashem Ghoneim of El Nour Securities. …
MOSCOW: A Russian woman paid a former convict to kill her 17-year-old son because she was fed up with sharing her small one-room apartment with him, the newspaper Izvestia reported on Wednesday. The 42-year-old crane operator paid the man a 2,100 rouble ($80) deposit to kill her son, Izvestia said. But the would-be hitman told …
CAIRO: Shares edged down on Monday led by Al Watany Bank, which said it had not received any specific monetary bids from Arab and international banks for a controlling stake, traders said. The bank s shares fell 2.9 percent to LE 46.27 in the session, a day after shares soared 9.3 percent on speculation that …
CAIRO: Orascom Telecom led Egyptian shares down on Sunday in a session that saw Al Watany Bank rising on rumors that it may sell a stake to a regional bank at a premium to the market price. Traders said there were rumors, unconfirmed by Al Watany, that several Gulf banks had submitted competing bids for …
CAIRO/WASHINGTON: A cool gust of air blew into Cairo on Thursday and early Friday morning continuing a trend of unusually cooler temperatures which began on Mar. 12. The cold front was preceded by temperatures reaching 30 C last weekend. The bizarre flip-flop of temperatures, however, is part of a global pattern which is beginning to …
The United States on Thursday condemned an Egyptian appeals court ruling that upheld a jail sentence for a blogger convicted of insulting Islam and President Hosni Mubarak. His conviction is a setback for human rights in Egypt, said State Department spokesman Sean McCormack. Abdel-Karim Suleiman (aka Karim Amer), 22, last month became the first Egyptian …
ANKARA: Turkey s pipelines will be ready in 2008 for suppliers to pump their natural gas to the European market, Turkish Energy Minister Hilmi Guler said on Tuesday. Starting in 2008, any countries which want to sell gas to Europe will be able to pump gas through our national network of pipelines, Guler told reporters. …
CAIRO: Egyptian security forces arrested 18 members of the Muslim Brotherhood on Thursday, cranking up pressure on the group ahead of a referendum due in April on constitutional amendments the Islamists deeply oppose. The Brotherhood, which rejects violence, is the strongest opposition force in Egypt. Members running as independents to circumvent a ban on the …
JERUSALEM: Israel has recalled its ambassador in El Salvador after he was found drunk and naked with sex toys lying nearby in the yard of his official residence, Israeli media reports said on Monday. A foreign ministry spokeswoman confirmed that the ambassador, Tsuriel Raphael, was recalled but offered no details. The ministry sees his behavior …
CAIRO: Orascom Telecom, one of the biggest telecom firms in the Middle East, reported an 8 percent rise in its 2006 net income on Sunday to $719 million. The firm said in a statement it raised earnings before interest, taxation, depreciation and amortization by 43 percent to $1.95 billion. Revenues also rose 36 percent on …
CAIRO: Credit Suisse and Citigroup kept their outperform and buy ratings on Orascom Telecom Holding respectively, following the company s 2006 results. Superior EBITDA and earnings growth potential, steady return on capital, improving cash-flow generation and a strengthening balance sheet are our key arguments, Credit Suisse said about Orascom, one of the biggest telecom firms …
CAIRO: Main Egyptian stocks dropped on Monday with market mainstay Orascom Telecom leading the way down a day after reporting full-year results in line with market expectations. The results were already priced in the market, said Ahmed El-Hifnauy of investment bank EFG-Hermes. Orascom Telecom, headed by Egyptian billionaire Naguib Sawiris, reported an 8 percent rise …
CAIRO: Egyptian stocks made slight gains on Sunday led by Al Watany Bank, whose shares surged 14.4 percent on reports that regional banks were seeking to acquire a majority stake, traders said. Shares in Watany ended the session at LE 43.90 after the Egyptian bank said an unspecified number of regional banks, whom it did …
GAZA: Thousands of Palestinians tried to force their way through Gaza s Rafah border crossing with Egypt on Thursday in a melee in which one man suffered a fatal heart attack and five people were wounded by gunfire, medics said. The crossing, Gaza s only link to the outside world that does not pass through …
JERUSALEM: Israel s war against Lebanon s Hezbollah has triggered an Israeli baby boom. Channel 10 television, quoting statistics from Israel s biggest health maintenance organization, said on Monday the number of women now in their fifth, sixth or seventh month of pregnancy was 35 percent higher than the figure a year ago. Israel and …
CAIRO: The main Egyptian stock indexes fell more than 2 percent on Monday, pulled down by similar declines on markets around the world. Traders said that Orascom Telecom and Orascom Construction Industries led the way down because they figure so prominently in the portfolios of foreign investors. Other shares then followed, they added. Those two …
CAIRO: The median overnight interbank rate on the Egyptian pound rose slightly to 8.85 percent on Tuesday from 8.811 percent on Monday because of a central bank auction, traders said. The central bank was auctioning 7-day certificates of deposit (CD) for LE 10 billion on Tuesday, which helped to push rates up slightly. One trader …
CAIRO: Egyptian stocks bounced back from recent dips on Tuesday with the real estate sector and related building and construction stocks boosted by foreign investors, traders said. Traders said six of the most heavily-traded stocks in the session were related to the real estate sector, including cement stocks, bucking a recent downward trend in the …
LISBON: Portuguese cement company Cimpor said on Tuesday it will not proceed with the acquisition of Egypt s Misr Cement Qena after it failed to buy enough shares to control the Egyptian group. Portugal s biggest cement company had offered LE 80 a share for up to 100 percent of the 30 million shares in …
BERLIN: A German man who spent 10 days in a self-made box atop a 22-meter high pole to protest a looming jail term was lured off his perch by his wife – who sent up a topless picture of herself in his lunch box. Fred Gregor, 45, was bidding to have his 15-month conviction for …
