IEA forecasts slip in oil demand but says prices may stay high
PARIS: Demand for oil will slip in the coming months amid a global economic downturn, the International Energy Agency forecast Friday - but said prices may remain high because of…
General Cable Gets $40 mln Contract
NEW YORK: Wire and cable products maker General Cable Corp. said Thursday that its subsidiary, Norddeutsche Seekablewerke GmbH, received a project to install an undersea cable.The link will stretch through…
UN food agency says soaring food prices likely to persist
ROME: Soaring food prices that have sparked unrest across the globe are likely to persist, threatening millions of people worldwide who live on $1 or less a day, a UN…
Egypt FM heads to Washington Wednesday
CAIRO: Foreign Minister Ahmed Aboul Gheit will head to Washington on Wednesday for a three-day visit that will include talks with US Secretary of State Condoleezza Rice, the ministry said.…
Police detain academics heading for Mahalla
CAIRO/MAHALLA EL KOBRA: Police detained 25 academics on Friday as they headed to Mahalla El-Kobra to show solidarity with those injured in deadly clashes there earlier this week. We are…
Foreign Ministry 'astonished' at Palestinian border breach comments
CAIRO: Egypt has declared its "astonishment at Palestinian comments indicating the possibility of a further border breach on the Gaza border, an official at the Foreign Ministry said.The ministry released…
Lawyer expects 'Facebook Girl' to become Mahalla scapegoat, receive prison sentence
CAIRO: Twenty-seven-year-old Esraa Abdel Fattah is being detained for 15 days pending investigation for her role in the April 6 general strikeHer lawyer Amir Salem told Daily News Egypt that…
Mövenpick ventures into Sokhna
Mövenpick Hotels & Resorts have signed a management agreement for a five-star holiday resort in Ain El Sokhna with the owning company Galalah Company for Touristic Investments SAE. The official…
H&M to open in Cairo
H & M, Hennes & Mauritz, the international fashion retailer, will soon be available to eager fashionistas in Cairo. The store will open on June 5 in the new extension…
Belly dancing with a Swiss twist
Barbara Tigresse never thought that a three-week trip to Cairo would change her life as much as it did. Almost a year and a half after her first visit to…
