Docu' and short film Caravan kicks off
Throughout the past three years the Caravan screened more than 300 European and Arab films including features, long and short, documentaries and short narratives. The Caravan tours more than 16…
France's public enemy number one makes biopic comeback
France s former public enemy number one, a charismatic bank robber, kidnapper and killer who first gained notoriety in Canada, made a comeback Wednesday in a critically-acclaimed biopic.Gerard Depardieu plays…
Talaat Moustafa sees 2008 profit up 30 pct
CAIRO: Talaat Moustafa Group, Egypt's largest real estate developer by market value, expects net profit to grow at least 30 percent in 2008 on strong residential sales, its chief financial…
Steel prices slump amid economic crisis
CAIRO: Ezz Steel, Egypt s largest steel producer, cut its November prices by 30 percent, as slowing economic growth and the global credit crunch have forced builders to slash orders."This…
11 media executives arrested on charges of belonging to an Islamic group
CAIRO: Eleven media executives were arrested for being involved in an Islamic organization affiliated with the Muslim Brotherhood (MB), Ahmed Ragheb of the Hisham Mubarak Law Center, said at a…
Three Palestinians killed in Egypt-Gaza tunnel collapse
AL-ARISH: Three Palestinians were killed at dawn on Saturday when a tunnel collapsed under Egypt s border with the Gaza Strip, an Egyptian security official said.Police found the bodies after…
Egypt stocks extend falls, EFG-Hermes at 3-year low
CAIRO: Shares of EFG-Hermes, Egypt s largest investment bank, dropped to their lowest level in three years on Sunday, helping drag down Egypt s benchmark index as part of a…
Egypt median o/n interbank up, banks short of pounds
CAIRO: The median overnight interbank rate on the Egyptian pound rose to 12 percent on Sunday, from 11.959 percent on Thursday with traders saying some banks had a shortage of…
CORRECTION
In a news brief titled "Cement prices drop, which ran on Oct. 23, 2008, Daily News Egypt erroneously reported that Italcementi Group said it would reduce its ex-factory cement prices…
