Stock index falls to 45-months low
CAIRO: Shares of Orascom Construction extended a tumble on Monday, pulling down Egypt s benchmark index, as investors worried that its earnings could fall. Shares of Egypt s largest builder…
Piracy may mean less traffic for Suez Canal
CAIRO: After the capture of the Saudi supertanker by Somali pirates, countries and corporations around the world, especially those benefiting from the Red Sea-Suez Canal maritime route, are scrambling to…
Despite drop, analysts say steel price still high
CAIRO: A global slowdown in construction has lowered the cost of building materials across the world, but Egyptian contractors are still paying lofty prices for steel and other inputs, according…
Mubarak's calls for promoting investment met with skepticism
CAIRO: President Hosni Mubarak's calls for promoting private investments by offering incentives and cheaper credit has some analysts saying the government can't just wave a magic wand to spur investments."The…
Kitsch and kitchen in "Tandoori Love"
The backdrop of the Alps in a romantic Bollywood song triggered more than a memory of home in director Oliver Paulus' mind. It also sowed the idea of "Tandoori Love,…
Goldie and Kurt talk politics, film and . love
Kurt Russell and Goldie Hawn, one of Hollywood's most famous couples, entertained Cairo with their sniggers, kisses and little arguments in a press conference that, at one point, transformed into…
Cairo International Film Festival's recommended movies of the day
Mario the Magician Director: Tamás Almási. Starring: Júlia Nyakó, Attila Egyed and Franco Nero.Synopsis: An Italian businessman, Mario, arrives in a small village to pen a shoe company. A middle-aged…
An open letter to Barack Obama
DUBAI: Dear Mr. Obama, The Americans have elected you hoping you could put out the Bush fires. They believe you could clear this spectacular mess.In picking up an African American…
Motor City Meltdown
WASHINGTON, DC: The financial crisis that began in 2007 has been persistently marked by muddled thinking and haphazard policymaking. Now, the United States Treasury is headed for a mistake of…
Europe and the global food crisis
PARIS: The world has been shaken by unprecedented spikes in food prices, by hunger riots, and by social tensions that demonstrate that food supplies have returned as a source of…