News in brief
Egypt s index down 1.2 pct, OT slides Egypt s benchmark index closed 1.2 percent down, dragged by heavyweight Orascom Telecom (OT) which slid 1.7 percent as investors cashed in…
INTERVIEW: Orascom Development says to build in Iraq
SHARM EL SHEIKH: Swiss-based Orascom Development Holding plans to start a budget housing project in Iraq after elections, part of its wider push into low-income homes, its CEO said on…
Egypt mulls cigarette tax to boost health budget
CAIRO: Egypt s finance minister said on Monday he was ready to consider a new cigarette tax to boost healthcare spending for low income groups, which is being discussed in…
US-Egypt Business Leaders Forum launch entrepreneurship program
CAIRO: After several days of meetings, the US-Egypt Business Leaders Forum, along with Minister of Trade Rachid Mohamed Rachid and US Ambassador to Egypt Margaret Scobey, signed an agreement to…
Conan O'Brien to make TBS his new late-night home
The late-night guessing game is over, with a startling twist: Conan O Brien has chosen TBS as his future talk-show home.Expected to debut in November, the as-yet-untitled show will return…
Conversations with other women
It s still a man s world. These words may appear incongruous in modern society, but there is truth in them. A report released by the Organization for Economic Cooperation…
The return of industrial policy
CAMBRIDGE: British Prime Minister Gordon Brown promotes it as a vehicle for creating high-skill jobs. French President Nicolas Sarkozy talks about using it to keep industrial jobs in France. The…
Will China lead?
NEW YORK: China's willingness to join negotiations on potential sanctions against Iran and to send President Hu Jintao to a nuclear security summit in Washington this month are important preliminary…