Latest in Politics Highlight
Latest in Politics
New investors join investment wing of CIB
CAIRO: Investors including businessman Naguib Sawiris are pooling their investment banking and brokerage operations with Commercial International Bank (CIB), a statement said on Sunday. Sawiris and Oasis Capital will buy equity in Commercial International Capital Holding (CICH), which owns CIB s brokerage, asset management and investment banking operations. Sawiris is chairman of regional mobile phone …
Interbank rate drops to 8.35 percent
CAIRO: The median overnight interbank rate on the pound fell on Sunday to 8.35 percent from Thursday s 8.397 percent as banks shunned the market in favor of high-yielding central bank instruments, traders said. Today I noticed there are no auctions to cause a drop in liquidity. But the impact of last week s auctions …
Judges threaten to boycott upcoming elections
Judges’ Club protests proposed constitutional amendment CAIRO: Egyptian judges have announced their decision to abstain from their task as election supervisors if the government refuses to grant them unrestricted oversight of the election process. Nevertheless, the decision is clearly provisional, constituting more of threats, as some reports have chosen to put it, one provoked by …
New UN coordinator asks: What would the situation in Lebanon be like without UN assistance?
CAIRO: The commotion stirred up by Hussein Fahmy’s resignation from his post as a UN Goodwill ambassador has overshadowed the organization’s work in providing relief to the Lebanese and diverted attention from their plight. Maher Nasser, director of the UN Information Center in Cairo, expressed disappointment that people were more interested in the details of …
An evening at the theater
CAIRO: This week, the Townhouse Gallery in Cairo will host the 5th annual “Independent Theatre Festival, featuring works by theatrical and musical troupes from August 20 to August 24. The troupes are among the 60 members of The Association of the Studies and Training of the Free Theater Troupes. Mohammed Abdul Khaliq, arts office Ddrector …
Stocks rise ahead of Orascom Telecom results
CAIRO: Stocks rose on Sunday, led by rising interest in Orascom Telecom on optimism over an expected rise in the company s net profit for the first half of 2006, traders said. The market went up today basically on the back of OT, which rallied and carried a lot of weight, and this is related …
Agami days
ŠΘ # # # His concert was a huge hit as many celebrities attended and the beach was packed with fans, here are Youssef Shaban, Reem, Shahd, and Walid # # Alouna, Hassan Ghiwiba, Samir Sabry and Mirvet Imam
Iraq arrests five Egyptian "terrorists"
BAGHDAD: Iraqi police have arrested five Egyptians in a raid against suspected terrorists in war-torn Baghdad, the office of Prime Minister Nouri Al-Maliki announced Friday. National police commandos arrested an Iraqi along with the Egyptians, the statement said, without giving further details of the operation. The U.S. military maintains that the largest number of foreign …
Arab nations considering Lebanon deployment, but reluctant to get between Israel and Hezbollah
Associated Press CAIRO, Egypt: The governments of Egypt and Morocco are said to be considering contributing troops to a UN peacekeeping force in Lebanon, but both countries are deeply hesitant to put themselves between Hezbollah fighters and Israel. A deployment would put either Arab country in a potential lose-lose situation: If fighting were to break …
Muslim cleric wants shutdown of Danish paper
COPENHAGEN: Egypt s top Sunni Muslim cleric on Friday called for the editor of Jyllands-Posten, the Danish daily that published cartoons of the Prophet Mohammad, to be imprisoned and for his newspaper to be closed down. The cartoons were first published in Jyllands-Posten last September and then reprinted by other media in Europe and the …
KCBT wheat futures lower in early moves
Loses extended after news that Egypt purchased Canadian wheat KANSAS CITY: Hard red winter wheat futures at the Kansas City Board of Trade were lower in early moves on Friday, extending losses after news that Egypt bought Canadian wheat, traders said. At 9:50 a.m. CDT, wheat futures were 2-8 cents lower, with the September wheat …
Etisalat eyes international license in Egypt
The consortium also includes Egypt Post, Al Ahli Bank and CIB Dubai: The Etisalat-led consortium, which recently won the third mobile license in Egypt, is currently in negotiations with the Egyptian National Telecommunications Regulatory Authority (NTRA) to obtain an international telecommunication service licence, a top Etisalat official said. Mohammad Omran, chairman of Etisalat, told Gulf …
Why French women don’t get fat while Egyptians do
Life style and food draw a line between the cultures of the two countries CAIRO: French women are known for their elegance, sophistication and slimness. In France, an overweight woman is an exception rather than the norm. In Paris, where the cream of the French crop reside; it’s practically unseen. So fascinated are people about …
They will never take our broadband
Microsoft and Google are vying for your futures CAIRO: This year has seen both Microsoft and Google lining up with the Middle East. Each is tied into a global audience and intends to build on it; each is increasingly aware of the Arab demographic and what it means to their futures. Both have markedly different …
Arab nations want UN Security Council to join in launching new initiative to end the Arab-Israeli conflict
Associated Press UNITED NATIONS: Arab nations want the UN Security Council to join in launching a new peace process to end the broader Arab-Israeli conflict, saying the road map unveiled in 2003 to establish a Palestinian state is dead. Arab League foreign ministers have asked to send a delegation to a ministerial meeting of the …
Life in Egypt without a visa
Filipino domestic workers still come to Egypt to work, despite warnings from the Philippine government CAIRO: There are thought to be 4,178 Filipinos currently living in Egypt, of which 2,300 are said to have complete travel papers; the other 1,878 are thought to be illegal immigrants. The risks of working in Egypt are high and …
Naguib Mahfouz's condition improves
CAIRO: The condition of world renowned Egyptian writer and Nobel literature prize winner Nagib Mahfouz has improved slightly, medics said Thursday, just days after he was put in intensive care. Mahfouz, 94, has begun to regain consciousness and was able to recognize visitors at Cairo s Police Hospital, where he is being treated for kidney …
Mobinil awards Thanaweya Amma top students
CAIRO: In line with its role as one of the leading corporate citizens, Mobinil has honored the top achievers of the Thanaweya Amma, the Egyptian high school certificate for the eighth consecutive year. Following seven-year tradition, the company is co-sponsoring the top achievers’ trip to Europe, which aims to reward them for their perseverance as …
Present and Tense: Foot massage
Mike Buchanan was thrilled with my presentation. It’s been only two days since we met at Camp David, and already the director of BATS (Board for Air Traffic Safety) was a big fan. “Your ideas will revolutionize modern travel for a long time to come, he said as we took a stroll around the golf …
Satisfying a craving
Zamalek’s Crave combines fusion cuisine with excellent accommodating service CAIRO: There are countless options for where to go for a casual dinner in Cairo. We do, however, tend to fall into a rut and go to the same couple of restaurants over and over again. If you’re looking for somewhere new to go, they try …
The bigger the better
Belated but certainly in need, will be Egypt’s upcoming financial assistance to Lebanon. Egypt and Lebanon will play a friendly football match on Sept. 5 in Cairo, the proceeds of which will go to the reconstruction of Lebanon which has been blitzed by Israel for 32 days. More officially, Egypt is to play Burundi, a …
Ceasefire but no resolution for Lebanon
Hezbollah claims victory, but UN Resolution 1701 is a defeat for Lebanon’s sovereignty CAIRO: The cease-fire that began at 8 a.m. local time last Monday between Hezbollah and Israel was founded on UN Resolution 1701, which provides Israel with an international force to protect its borders and removes Lebanon’s right to defend itself from an …
CASE responds to ceasefire with reserve
Index flattens after flurry of activity during conflict CAIRO: After a full week of sideways trading, Cairo & Alexandria Stock Exchange (CASE) investors were beginning to wonder if the trend meant the end of the rally experienced by the CASE 30 Index over the past month. And it all showed on Thursday when, by midday, …
AmCham official predicts postponement of QIZ committee meeting
Possible postponement result of security issues, not political ones CAIRO: The quarter-annual meeting of the joint Egyptian-Israeli Qualified Industrial Zones (QIZ) committee, scheduled for the end of this month in Jerusalem, is likely to face postponement for security reasons related to the ongoing conflict in Lebanon, says Bassem Sultan, QIZ committee chairman at the American …
Egypt to help restore Palestinian electricity
CAIRO: Egypt will assist the Palestinian Authority in restoring part of its electrical power supply, an Energy Ministry spokesman said on Wednesday. Egypt would deliver and install electrical transformers to a power station in Gaza, to replace transformers damaged by Israel during recent violence, ministry spokesman Aktham Aboul Ela told Reuters. The seven Egyptian-made electrical …
Emaar Misr wins bid for Sidi Abdel Rahman Bay
Company hopes to provide a comprehensive community for customers CAIRO: Ever since the government made real estate development a priority on their agenda, all eyes have turned to the North Coast. However, none has garnered more attention than the Sidi Abdel Rahman Bay auction, which put the auction’s winner, Emaar Misr, in the spotlight. Emaar …
Lebanese troops begin deploying south of Litani River
Former Egyptian consul to Israel escapes attempt on life MARJAYOUN, Lebanon: Lebanese troops, tanks and armored vehicles deployed south of the Litani River on Thursday, a key provision of the UN cease-fire plan that ended fighting between Israel and Hezbollah. The deployment marks a first step toward extending government control in a region Lebanese troops …
Abbas says reached deal with militants on "calm"
Egyptian shot, injured near border GAZA: Palestinian President Mahmoud Abbas said on Thursday armed groups had agreed to stop firing rockets into Israel from Gaza, but militants said such a move would be dependent on Israel halting its offensive. Yesterday all factions met and agreed on calm and stopping all actions that may give others …
Egyptians continue to take to the streets in support of Lebanon
CAIRO: El-Tagammu, an Egyptian leftist party, organized a protest in support of Lebanon Wednesday in Talaat Harb Square in downtown Cairo. The protest was relatively short, compared with other demonstrations. It lasted for half an hour, ending peacefully when the protestors left to return to the close by party headquarters. The crowd was shouting chants …
Press Round-up: Cease-fire in Lebanon still dominating local headlines
CAIRO: The latest news of the Israeli-Lebanese war continues to find its way into front page headlines. Newspapers report on what some of them have described as “the disorder during the deployment of the United Nations international peacekeeping forces and Lebanese army in the south. Even as part of its forces withdraws, Israel insists that …