Egypt reactor failed in April, says nuclear chief
CAIRO: Egypt's nuclear chief says there was a breakdown in the country's small Russian-built reactor last April but no radiation leaked out. Mohamed El-Kulali, head of the Egyptian Nuclear Organization,…
No escalation after verdict against Tanta lawyers, says syndicate board member
CAIRO: The Lawyers’ Syndicate will not escalate the issue after the verdict handed down by the appeals court against two lawyers in Tanta city, syndicate board member Mohamed Abdel-Ghaffar said…
Maggie Cheung waits to age before return to films
Actress Maggie Cheung, in Venice on Saturday to promote a new film, said one reason she has pulled back from acting for now is the industry's focus on youthful beauty.…
In Venice, an ‘unflinching’ portrait of Joaquin Phoenix
Casey Affleck on Monday presented an "unflinching" documentary tracing Joaquin Phoenix's lurch from actor to wannabe rapper in "I'm Still Here" at the Venice film festival. During some 18 months…
Comic book legend Jim Lee stuns Egyptian fans with unexpected visit
In an unexpected visit to Cairo, comic book legend Jim Lee surprised his Egyptian fans with a discussion held at Al Kotob Khan bookstore in Maadi on Friday. The creator…
Beltone says positive outlook on GB Auto despite downgrade
CAIRO: While posting a 78.9 percent growth in revenues for the first half of 2010, Ghabbour Auto’s results were found to be “lower than expected,” according to an investment firm.…
Egypt’s balance of payments moves into surplus
CAIRO: Egypt's balance of payments swung sharply into surplus in the financial year to end-June as portfolio investments in the country surged, the central bank said on Monday. The strong…
Middle East, Africa funds sit on cash, wait for recovery
DUBAI: Equity funds investing in the Middle East and North Africa (MENA) are sitting on high cash piles, signaling a lack of conviction and absence of viable opportunities in a…
Air Arabia to start Casablanca-Alexandria route
Regional low-cost carrier Air Arabia will start direct services to the Egyptian city of Alexandria from the airline’s second hub in Mohamed V Airport, Casablanca, Morocco. Egypt represents the 12th…
National Cement full-year profit up 18 pct
Egypt's National Cement achieved an 18 percent increase in annual net profit as its sales inched higher, the company said in a note to the stock exchange on Monday. The…