News In Brief
Alkan to offer shares in Cairo FinancialAlkan Holding will offer 25 percent of its subsidiary Cairo Financial Center (CFC) in a private placement this year, group Chairman Mohamed Nosseir told…
Orascom Development Holding to buy OHD
CAIRO: Orascom Development Holding (ODH), a newly established Swiss-incorporated company, will reportedly make a tender offer to acquire 100 percent of Orascom Hotels and Development (OHD) with a minimum of…
Russia, Egypt seal nuclear power deal
NOVO-OGARYOVO: President Hosni Mubarak and Russia s President Vladimir Putin oversaw the signing Tuesday of a deal will enable Moscow to bid for the construction of Egypt s first atomic…
MB military tribunal postponed for the second time
CAIRO: The Hikestep Military Court on Tuesday postponed the trial of 40 Muslim Brotherhood (MB) members for the second time to April 15.Brotherhood lawyer Abdel Moneim Abdel Maqsoud believes that…
US ship opens fire on local boat in Suez
CAIRO: An American cargo ship contracted by the US navy opened fire on Egyptian boats in the Suez Canal late on Monday.Egyptian authorities stated in press reports that one man…
Madinaty's first international sculpture symposium
CAIRO: Under the patronage of Talaat Moustafa Group, Madinaty First International Sculpture Symposium is being held in cooperation with the Ministry of Culture s Plastic Arts Sector, "to reflect the…
Trade is replacing aid, says US ambassador
CAIRO: There's hope for a US free trade agreement with Egypt, but it won't be done on President Bush's watch, said US Ambassador to Egypt Francis Riccardone on Tuesday."Both Republican…
THE REEL ESTATE: A point of no return
Someone once told me how cool it must be to make a living out of watching films and writing about them. His statement is an erroneous, common misconception. The fact…
Lebanon on the counterterrorism front
In spite of its ongoing political crisis, an institutionally crippled Lebanon is performing well on a front it ironically has little experience in: counterterrorism.Five months after the Lebanese army s…
Divestment, no
WASHINGTON-In April, the United Methodist Church s General Assembly will vote on whether or not to divest its holdings in companies that do business with Israel. The Methodists divestment campaign…