OT surge pushes Egypt index to fifth straight gain
CAIRO: Egypt s benchmark index gained for a fifth straight session on Wednesday, boosted by a global upsurge that helped heavyweight Orascom Telecom (OT) gain more than 10 percent in…
Gold prices fluctuate with uncertain markets
CAIRO: When things look up, gold goes down. Since the economic crisis deepened last fall this has mostly held true, including this Tuesday when gold slipped below $900 per ounce,…
Saudi hosts Arab leaders to try to undermine Iran
RIYADH: Saudi Arabia is hosting the leaders of Egypt and Syria on Wednesday in an effort to persuade Damascus to move away from Iran and instead work with US-allied Arab…
$1.5 billion in American aid to Egypt this year
CAIRO: The US Senate passed its annual government operations package late on Tuesday with $1.5 billion earmarked as aid to Egypt for 2009.The House of Represtatives had approved a $200…
Citadel Capital closes $50 mln capital increase
CAIRO: Citadel Capital, a Cairo-based private equity firm, completed a LE 275 million ($50 million) capital increase to finance expansion plans, the firm said in a statement. The capital increase,…
AUB Egypt sees surge in profits
CAIRO: Ahli United Bank (Egypt) saw net profit increase 27.5 percent in fiscal year 2008, "the highest performance of the bank since its inception in 1978, according to a statement…
From Genet to Che: Swiss Film Week wraps up with a bang
The success of Cairo's first Swiss Film Week has been a pleasant surprise.Despite the LE 30 ticket price, the screenings were packed to capacity at nearly every showing. A diverse…
A President in the Dock
NEW YORK: In a way, the stir aroused by the decision by the International Criminal Court (ICC) to indict Sudan's President Omar Al-Beshir for war crimes and crimes against humanity…
Crafting the historical narrative
NEW JERSEY, US: Every day, we are bombarded by politicians and pundits with a list of political analogies: Operation Iraqi Freedom is the next Vietnam or the war on terror…
Reality TV still good for Arab democracy
SHARJAH, United Arab Emirates: Since the mid-1990s, Western-style television programs in the Arab world have stirred much controversy over their potentially detrimental effects on the region s social values and…