As luxury car sales slip abroad, new BMW lines roll into Egypt
CAIRO: As the sun set vibrantly over the Kattameya Heights country club earlier this month, reporters and businesspeople crowded to watch executives whisk white sheets off a pair of BMW…
ON WHEELS: Affordable automobiles mark new era for carmakers
BERLIN: When the automobile was first invented, it was a luxury only aristocrats and the bourgeoisie could afford, that is, until a certain Henry Ford introduced the machine that "put…
Ghali condemns lashing sentence
CAIRO: President of the Egyptian National Council for Human Rights, Boutros Boutros-Ghali, strongly condemned lashing as a form of punishment, deeming it "a violation of international law. "We need to…
Stock index falls to a new three-year low
CAIRO: The benchamrk Egyptian stock index tumbled 2.6 percent to a fresh three-year low on Wednesday as foreign investors and institutions continued to dump big caps including Orascom Construction Industries.The…
Egypt July-Sept GDP growth slows to 5.8 pct-report
CAIRO: The Egyptian economy grew at an annualized rate of 5.8 percent in the three months to the end of September, the lowest quarterly rate in at least two years,…
Meteb's Boro link played down
CAIRO: Emad Meteb s agent Nader Shawki rejected reports linking the Egypt striker with a move to Middlesbrough. There is no offer from Middlesbrough for Meteb, Shawki, who is also…
Study on Iraqi refugees 'fills knowledge gap'
CAIRO: A survey released on Sunday has revealed the economic hardships experienced by Iraqis living in Egypt.The survey, carried out by the American University in Cairo's Center for Migration and…
IN FOCUS: Stealing Hope
Four weeks ago, the Arabs were cursing the American model and gleefully anticipated its fall. It has fallen already because of the financial crisis that hit the global economy. But…
