Egypt shares tumble to fresh year low, OCI dips
CAIRO: Egypt s main stock index ended 1.9 percent lower on Tuesday to hit a fresh year low, but a late session recovery by heavyweight Orascom Construction Industries (OCI) trimmed…
Steel price down among importers
CAIRO: Egyptian steel importers have reduced their prices to as little as LE 3,100 per ton following the decision of Ezz Group, Egypt s dominant steelmaker, to lower ex-factory prices…
Gaza violence simmers as Hamas meets Egypt intelligence chief on truce
CAIRO: Hamas remained defiant on Tuesday in its demands of Israel for a long-term truce in Gaza as renewed violence around the Palestinian territory overshadowed fresh talks with Egyptian mediators.Representatives…
Rafah border crossing to close starting Thursday, says report
CAIRO: The Egyptian government intends to close the Rafah border crossing starting Thursday, an unnamed official told the state-run Al-Ahram newspaper.The crossing was opened in the wake of the Israeli…
Tourism numbers still positive
CAIRO: If it had happened in Europe, it would have meant disaster. Over the last couple of years, the Egyptian government, with leadership from the Ministry of Tourism has increasingly…
Virtuosos' talk about film awards season
If you re looking for some good red-carpet dish, this is good company: Actors Viola Davis, Rosemarie DeWitt, Richard Jenkins, Melissa Leo and Michael Shannon, who, collectively, have likely walked…
THE REEL ESTATE: Lesbians, junkies and perverts – welcome to modern Cairo
In one of the most famous scenes of Vincente Minnelli's 1952 classic "The Bad and the Beautiful, a big-time producer, played by Kirk Douglas, scolds his director, played by Leo…
Leaders keep silent; let the people speak
BETHLEHEM: Every few years, for the last 61, another war is foisted on the Palestinians. Beginning with Haifa and Akka in 1948, on the Palestinians alongside Egypt in 1956, with…
The death of trust
BANGKOK: A friend recently asked a seemingly naïve question: "What is money? How do I know I can trust that it is worth what it says it is worth? We…
Obama across the Pacific
MANILA: Unlike his predecessor, US President Barack Obama is popular from the Atlantic to the Pacific. He has reached out to the Muslim world and pledged to address the Israeli-Palestinian…