Late selling on OT mutes Egypt index gains
CAIRO: Late selling on Orascom Telecom wiped out most of the earlier gains on Egypt s benchmark index, which closed 0.9 percent higher. Traders said retail investors reassessed the value…
Cargill seeks license for Egypt sugar plant: paper
CAIRO: Agricultural conglomerate Cargill has requested a license to build a sugar refinery in Egypt with investments worth LE 600 million, Al-Borsa newspaper reported on Sunday. The final approval for…
China to aid Somalia anti-piracy force, says diplomat
UNITED NATIONS: China has agreed to cooperate with a coalition of naval forces combating rampant piracy off the coast of Somalia, a top Norwegian official said here Thursday.Norwegian foreign ministry…
Ban slams Africa power-grabs as Qaddafi steps aside
ADDIS ABABA: UN chief Ban Ki-Moon on Sunday criticized power-grabs in Africa in a speech to the continent s leaders as Libya s Moammar Qaddafi reluctantly handed over the presidency…
Egypt questions suspects of new militant group
CAIRO: Some 25 Egyptians arrested in November are being questioned by prosecutors for allegedly planning terrorist attacks, a security official and a lawyer said Sunday.The security official said the suspects…
Nagaa Hammadi isolated incident not sectarian, PA Speaker tells BBC
CAIRO: People's Assembly (PA) Speaker Ahmed Fathi Sorour claimed that the Nagaa Hammadi shooting earlier this month was not indicative of sectarian strife in Egypt, but was an isolated criminal…
Egypt tourist arrivals down 2.3 pct
CAIRO: While the holidays have ended in Europe and Russia snowy winters are still in mid swing. This is good news for Egypt as tourists flock to the country in…
PHD signs Taj to manage three hotels
CAIRO: Egyptian real estate developer Palm Hills (PHD) said Sunday that it has signed on an Indian company to manage its three hotels in the North Coast, Ain Sokhna and…
'Winter's Bone,' 'Restrepo' earn Sundance honors
The Ozark Mountains drama Winter s Bone and the war-on-terror documentary Restrepo won top honors Saturday among US movies at the Sundance Film Festival.Director Debra Granik s Winter s Bone,…
That's not the way they like it
Theater in Egypt has been suffering for years from the lack of good scripts. Comedies suffer especially more because they rely chiefly on the mass appeal of star comedians to…
