Spike Lee lends support to US World Cup bid
Outspoken film director Spike Lee has thrown his support behind the United States bid to host the World Cup in either 2018 or 2022.The Academy Award-nominated director has accepted an…
50 years after death, Camus again at heart of controversy
Fifty years after his death, the writer Albert Camus is again the focus of controversy, as the left accuses French President Nicolas Sarkozy of trying to co-opt a thinker they…
Huge tomb found in ancient Saqqara burial ground
CAIRO: Egyptian archaeologists have unearthed the largest tomb yet discovered in the ancient Saqqara necropolis, antiquities chief Zahi Hawass said on Monday.One of two tombs found, which were carved out…
Egypt shares rise tracking world markets
CAIRO: Egypt s benchmark index rose 1.5 percent, taking its cue from world markets which have rallied on recovery bets as 2010 starts, traders Saied. Orascom Telecom gained. The US…
Dana Gas hits Egypt 2009 target, discovers well
UAE-based Dana Gas said on Tuesday it hit its target in Egypt by achieving a production rate in excess of 40,000 barrels of oil and gas per day for 2009,…
Telecom Egypt buys remaining stake in TE Data
Telecom Egypt said on Tuesday it had bought the remaining 4.95 percent of shares in its broadband subsidiary TE Data from three Egyptian banks, taking its ownership to 100 percent.…
Hamas pledges loyalty to Arabs: Saudi minister
SHARM EL-SHEIKH: Exiled Hamas leader Khaled Meshaal has assured Saudi Arabia his movement is loyal to Arab states, the kingdom s foreign minister, Prince Saud Al-Faisal, said on Tuesday. I…
Aid convoy members all in Arish; GFM to raise class action suit against Egypt
CAIRO: The last members of the Viva Palestina convoy headed to the Gaza Strip landed in Al-Arish airport Tuesday after earlier arrivals conducted a sit-in to insist that all members…
Egypt to simplify bond issuance by private companies
CAIRO: Minister of Investment Mahmoud Mohieldin has simplified the procedures for private companies to issue bonds, medium and long-term bonds in particular.Amending Capital Markets Law no. 95 of 1992 is…
Toibin favorite to win Britain's Costa book award
Irish author Colm Toibin is favorite to win the 30,000-pound Costa Book of the Year award after Monday clinching the best novel category for his work Brooklyn, observers said.The winner…