Heliopolis Housing jumps 30 pct, lifts Egypt shares
CAIRO: Egypt s shares rose on Sunday led by gains in Heliopolis Housing and investment bank EFG-Hermes and boosted by an increased appetite in the international equity market, dealers said.Heliopolis…
Media not overreacting, sectarian clashes will escalate, says EIPR
CAIRO: Hossam Bahgat, chairman of the Egyptian Initiative for Personal Rights, denied that the media is overreacting after press reports of recent sectarian clashes were believed to be rumors, and…
Heikal turns down honorary AUC doctorate degree
CAIRO: Mohamed Hassanien Heikal, former chief editor of Al-Ahram newspaper and renowned commentator, turned down the American University in Cairo's honorary doctorate degree in humanities."Offering honors is best left to…
Crimes of the week
Inmate injures his testicles, mother burns her son, brother kills brother, married couple abductedCAIRO: Some of the crimes recorded this week have regrettably been committed by family members. Al-Masry Al-Youm…
Second Cup adds charity to coffee house competition
CAIRO: Second Cup, Canada s largest specialty coffee retailer, will be opening five outlets in Cairo by the end of 2007, with an additional 30 planned by the end of…
Private air travel no longer the preserve of the super-rich
CAIRO: Feel like stopping by the Gulf this weekend? For around $40,000 not only can you make the weekend trip, but do it in your own private jet. According to…
Lufthansa, Egypt Air in code-sharing deal
FRANKFURT: German flag carrier Lufthansa unveiled Thursday a code-sharing agreement with EgyptAir that it said would mark the start of close cooperation between the two airlines in the future.Lufthansa said…
Egypt to receive 11 million euro scientific research grant
CAIRO: The Egyptian government is set to receive a European Union (EU) grant worth 11 million euros (LE 85 million) on June 18 in support of the Egyptian government's Research,…
Abraaj Capital buys GMMOS Group
Abraaj Capital, private equity investment in the Middle East, North Africa and South Asia (MENASA) region, announced that it has acquired 100 percent of GMMOS Group, a major regional oil…
"I like this violence" US peace envoy says
US supported Fatah-Hamas fighting says UN envoyThe US "clearly pushed for a confrontation between Fatah and Hamas up until the formation of a National Unity Government in the Palestinian territories,…
