Savola Group launches Savola Foods Company
CAIRO: A memorandum of understanding was signed between the Savola Group and Al Muhaidib Company to incorporate Savola Foods Company, according to a press statement.Sami Baroum, managing director of Savola…
Egypt urges Hamas, Israel to be flexible to reach a truce
CAIRO: Egypt has urged both Hamas and Israel to show flexibility in efforts to reach a ceasefire.The official Middle East News Agency reports the message was relayed to an Israeli…
Sudan dismisses Egypt claim of Iran role in rebel attack
KHARTOUM: Sudan and Darfur rebels on Tuesday dismissed as baseless a claim by an Egyptian state-run newspaper that Iran was behind a brazen rebel attack on Khartoum earlier this month.…
Rights activists see no end in sight for emergency law
CAIRO: The People's Assembly (PA) approved Monday the government's request to extend the emergency law for two years, and while human rights activists were not surprised, they were furious that…
Investigation of five Mahalla workers begins
CAIRO: The Mahalla public prosecution office Tuesday began investigations into five workers from the Ghazl El-Mahalla spinning factory in connection with the events of April 6.Gehad Tammam, Mostafa Fawda, Gamal…
Sinai opposition mobilizes against Israel gas pipeline
CAIRO: Opposition groups in Sinai near the station that is pumping gas to Israel are convening next week to begin a campaign against the exportation of gas across the border.The…
With steel price limits set, buyers may get a yearned-for break
CAIRO: Al Ezz Dekheila Steel, a subsidiary of Egypt's dominant Al Ezz Steel Rebars, reiterated its ex-factory price for a ton of steel this week and set formal limits for…
Mortgage finance companies eye emerging markets
CAIRO: Will the ripple effects of the US sub-prime crisis touch Egypt's nascent mortgage finance market? According to Ossama Saleh, chairman of the Mortgage Finance Authority (MFA), the answer is…
THE REEL ESTATE: Doom and gloom dominate 'disappointing' Cannes
In an unexpected turn of events, French filmmaker Laurent Cantet's up-lifting docudrama "Entre les Murs (The Class) nabbed the 61st Cannes Film Festival's Golden Palm award last Sunday, ending a…
Archaeologists discover statues of Cleopatra, Aphrodite
CAIRO: An alabaster head of Cleopatra and a mask thought to belong to her lover Mark Antony have been found near the Mediterranean city of Alexandria, antiquities chief Zahi Hawass…
