Investment Minister Mahmoud Mohieldin appointed World Bank managing director
CAIRO: Egyptian Minister of Investment Mahmoud Mohieldin accepted the appointment as managing director of the World Bank on Sept. 8 and will assume his new post in October. Meanwhile, the…
Egypt police kill Sudanese trying to cross into Israel
AL-ARISH: Egyptian police shot and killed a Sudanese man as he tried to cross the border illegally into Israel on Friday, a security official told AFP. "Police ordered him by…
Coppola wins Venice film fest’s Golden Lion for ‘Somewhere’
US director Sofia Coppola on Saturday won the Golden Lion at the Venice film festival for "Somewhere," a father-daughter drama set in the lonely world of Hollywood moviemaking. "From that…
Legal experts question implementation of intellectual property rights decree
CAIRO: While legal experts welcomed the Ministry of Culture’s decision to crack down on websites violating intellectual property rights (IPR), they questioned its ability to implement it. “It’s…
Ancient city by the sea rises amid Egypt’s resorts
MARINA: Today, it's a sprawl of luxury vacation homes where Egypt's wealthy play on the white beaches of the Mediterranean coast. But 2,000 years ago, this was a thriving Greco-Roman…
Google’s volunteer-based initiative to boost translation of health info
CAIRO: Google.org recently launched Health Speaks, an initiative which encourages community-based, crowd-sourced translations of health information with the assistance of Google Translator Toolkit. Health Speaks pilot programs for Arabic, Hindi…
Dubai World reaches $24.9 bln debt deal
DUBAI: State-owned conglomerate Dubai World reached a formal deal to restructure almost $25 billion of liabilities, partly easing recently heightened concerns over the Gulf emirate's debt woes. While Dubai World's…
Egypt transport chiefs to seek French investment: agency
CAIRO: Egyptian transport officials including the transport minister will visit France next week to discuss potential investment in subway, rail and other transport projects, the state news agency said on…
Diwan partners with Souq.com
Bookshop chain Diwan Bookstores launched its online store on Souq.com, a leading e-commerce marketplace in the Arab world, through an alliance between the two parties, according to a statement. Diwan…
Kabo 2009 net loss $2.3 mln: bourse
Egyptian garment maker El Nasr Clothing & Textile Co. (Kabo) reported a net loss for the year to the end of June of LE 13.3 million ($2.3 million), the stock…