Harry Potter film pulls vanishing act on EW cover
Maybe Harry Potter should have brought a note from his parents saying he would be missing school.Warner Bros. gave Harry the school year off, announcing last week it was bumping…
Iran says no permit for Chris de Burgh concert
TEHRAN: Iran said it has not authorized a concert by Irish crooner Chris de Burgh, in what would have been a first in the Islamic republic, the official news agency…
News in brief
AMOC to pay LE 8.5 dividendAlexandria Mineral Oils Company (AMOC) said on Monday it would pay a cash dividend of LE 8.50 ($1.59) a share, in two phases.Shareholders on Sept.…
Wary investors sell Egyptian stocks
CAIRO: The Egyptian benchmark index declined on Monday, led by selling on index heavyweights Orascom Construction Industries and Orascom Telecom with investors wary after a sharp drop last week, traders…
Pakistan's Musharraf steps down
CAIRO: President Pervez Musharraf announced his resignation after Pakistan's new coalition government accused him of impeding economic development and democracy. In a live televised hour long speech, he vowed to…
Real estate boom is only one reason for Ezz Steel profit hike
CAIRO: The steel market sits at an industry crossroads, driven not only by the energy markets but also from the real estate markets which it supplies. With energy prices on…
Global and local takes on gold demand at odds
CAIRO: The price of gold recovered modestly on Monday to nearly $800 per ounce following a long tumble from the heights it reached last March, when it hovered above $1,000…
Fitch cuts Egypt's outlook to stable on inflation
LONDON: Ratings agency Fitch lowered Egypt s ratings outlook to stable from positive and cut the country s local currency debt rating to BBB- from BBB on Monday, citing the…
Diab's Marina gig too crowded, say fans
It usually takes 15 minutes to drive from Marina to Golf Porto Marina on the North Coast, but on the day of pop star Amr Diab's concert, we were lucky…
Civil war in Gaza isn't in Israel's interests
WASHINGTON: When a bomb exploded in the Shaja'iyyah district of Gaza last month, killing four Hamas operatives and a 5-year-old girl, Hamas blamed Fatah, and moved violently against its remaining…