EU extends rules for supporting film industry
The European Commission extended last week rules allowing member states to support film-makers with public money.With current arrangements due to expire at the end of the year, the European Union…
News in brief
Mobinil says Q4 profit up 25 percent Mobinil, Egypt s largest mobile operator by subscribers, said on Sunday its fourth-quarter profit grew 25 percent to LE 551 ($99 million), beating…
Egypt shares fall on local selling, OCI weighs
CAIRO: Egypt s main stock index recoiled on Sunday, with heavyweight Orascom Construction (OCI) providing selling impetus by shedding more than 5 percent in low-volume trade dominated by local investors.…
Trade ministers to strive for Doha deal this year
DAVOS: Key trade ministers agreed on Saturday to step up efforts to reach a new global trade deal and guard against protectionism to help pull the world out of economic…
Erdogan was strong and courageous, says Ahram Center analyst
CAIRO: As thousands in Istanbul gave Turkish Prime Minister Recep Tayyip Erdogan a hero s welcome for storming out of the World Economic Forum in Davos, his actions are being…
Israel vows to strike Hamas after Gaza rocket fire
JERUSALEM: Israel vowed to strike back at Hamas on Sunday after renewed rocket fire from Gaza two weeks after the end of a bloody war in the battered Palestinian territory."We've…
Labor Party official arrested in Rafah, Egypt installs surveillance equipment along border
CAIRO: Security forces on Saturday detained Magdy Ahmed Hussein, secretary general of the Labor Party, for allegedly entering Gaza illegally.Magdi El-Kurkur, a member of the Labor Party, said Hussein was…
Independent MP slams Nasrallah's comments on Egypt
CAIRO: Independent MP Hamdeen Sabahy censured Hezbollah leader Sayed Hassan Nasrallah for attacking "the Egyptian political regime. "Nasrallah's statements seek to engage Egypt in a war and that is something…