Much-anticipated ‘Tree of Life’ divides Cannes crowd
US director Terrence Malick's "The Tree of Life" finally got to Cannes on Monday, where it divided festival-goers with its spectacular visuals but cerebral, religious and very American storyline. Loud…
L’amour fou in downtown Cairo
By Rania Khalil Downtown art exhibit “Le Caire Mon Amour” is a collection of painting, performance and installation in an abandoned apartment on 7 Champillion St. It is the brainchild of…
Trend Consulting creates database for Egypt investment funds
CAIRO: Trend Consulting launched a new database that will publish and store information and analyze data for Egypt’s investment funds. Show Me the Funds, the new program, analyzes data in…
Qatar fund at ease with regional strife
LONDON: The managers of a fund investing in Qatari companies insist it is safe from a falling oil price, shaky world economy and Middle Eastern political unrest as it moves…
BofA hires EFG Hermes’ Gulf head to run MENA: sources
DUBAI: Bank of America Merrill Lynch has poached the top executive at Egyptian investment bank EFG-Hermes in the Gulf to run its business in the Middle East North Africa region,…
Egypt gains for sixth session straight
CAIRO: Egypt's main index closed 1.3 percent higher, notching up its biggest single session gain in more than a month as investors looked beyond political uncertainty and hunted for bargains…
Nasr City Q3 profit plunges 76 pct
CAIRO: Egyptian property developer Nasr City Housing posted a 76 percent net profit drop in its third-quarter, which runs to the end of March, to LE 6.3 million ($1.1 million),…
Egypt steel magnate Ezz quits Dekheila’s board
CAIRO: Egyptian steel magnate Ahmed Ezz, a top official in ousted president Hosni Mubarak's party who is being investigated for graft, resigned as chairman of Ezz Dekheila Steel, the company…
Ex-interior minister remanded in custody over new graft charges
CAIRO: Assistant Justice Minister for Graft Affairs Assem El-Gohary remanded ex-interior minister Habib El-Adly in custody for 15 days pending investigation into new corruption charges, lawyer Essam El-Battawy told Daily…
Sawiris to step down as Orascom Telecom chairman
CAIRO: Egyptian mobile operator Orascom Telecom's CEO will take over from Naguib Sawiris as executive chairman, the firm said on Monday, as the billionaire moves to get more involved in…