Egypt destroys Gaza smuggling tunnels, says report
CAIRO: The Egyptian authorities have destroyed six tunnels used to smuggle contraband fuel and food to the Gaza Strip, the official MENA news agency reported on Tuesday.The tunnels along Egypt…
Court for urgent cases overturns prohibition on gas exports
CAIRO: The Cairo Court for Urgent Cases ruled for overturning the Administrative Court decision to ban the exportation of Egyptian natural gas Tuesday.The court had responded to a motion filed…
Dubai's Mashreq bank launches Egypt operations
CAIRO: Dubai's largest private bank Mashreq officially launched its retail operations in Egypt Wednesday. The bank, which has divisions throughout the Gulf and has corporate banking operations in several nations…
Egypt's insurance industry prepares for new healthcare system
CAIRO: Health insurance and the relationship between insurance companies and the capital markets was the focus of the second half of the Euromoney Egypt Insurance Conference Tuesday.The one-day conference saw…
Rising tax revenues not enough to cope with Egypt's deficit
CAIRO: While Egypt has announced a substantial increase in tax revenues for the first half of the 2008/2009 fiscal year, it won't be enough to cover the expected budget deficit.A…
Celebrations mark 200 years since composer Haydn's death
Celebrations marking 200 years since Joseph Haydn s death began Tuesday in the Austrian town where the composer, considered the father of the symphony, left his mark on music history.A…
Mai Refky's striking pensive portraits
A solo exhibition by painter Mai Refky is currently on view in one of the small galleries at the impressive Gezira Art Center in Zamalek. Refky's work is showcased alongside…
Russian movie gives Kremlin's view of Georgia war
A nerdy American entomologist hunting for a rare butterfly is the central character of a new film offering the Kremlin s version of the August war with Georgia.With no clear…
Two Decades from Warsaw
WARSAW: "Poland - 10 years, Hungary - 10 months, East Germany - 10 weeks, Czechoslovakia - 10 days. So chirped many in Prague in November 1989, reflecting the pride and…
How to make a depression Great
LAGOS, Nigeria: The world economy is in severe recession. Trade is deteriorating every day. Political pressures demand import restrictions to protect employment: this is what makes a depression Great. The…