Egyptian shares drop on profit-taking, OCI down
CAIRO: Egypt s main indexes dipped on Wednesday after scoring fresh closing highs for three consecutive sessions, led by profit-taking in heavyweight Orascom Construction Industries, traders said. Despite good news…
Mobinil board agrees to apply for Egypt 3G license
CAIRO: Egyptian mobile operator Mobinil said on Wednesday it will apply for a third generation mobile phone license following months of hesitation on whether to proceed.Market growth appears to have…
Egypt Jordan trip to Israel postponed
CAIRO: The proposed visit by the Egyptian and Jordanian foreign ministers to Israel has been postponed by Prime Minister Ehud Olmert for "private reasons according to a statement by Egyptian…
Nazif criticizes Zewail, causes controversy
CAIRO: Prime Minister Ahmed Nazif sparked controversy when he criticized the Egyptian 1999 Nobel Prize winner Ahmed Zewail, for not living up to his promise of setting up a technological…
Egypt ups security at border, explosions allegedly blow hole in wall
RAFAH, Egypt: Egypt has begun deploying hundreds more police to strengthen security at its border with the Gaza Strip over fears Palestinians could try to storm it, security sources said…
Al-Qaida's No. 2 calls for holy war against Pakistan in new video
Associated Press CAIRO: Al-Qaeda's No. 2 issued a new videotape calling for Pakistanis to join the holy war in revenge for the attack by Pakistan's army on a radical mosque.Ayman…
FM meets Blair and new British Foreign Secretary
Talks precede Blair's visit to Cairo as Quartet envoyCAIRO: Foreign Minister Ahmed Aboul Gheit met with both Middle East Quartet Envoy Tony Blair and newly appointed Foreign Secretary David Miliband…
El-Zayat's party is unrelated to Brotherhood, says MB deputy
CAIRO: The Muslim Brotherhood (MB) has nothing to do with the new party recently established by Islamist lawyer Montasser El-Zayat, Mohamed Habib, MB deputy leader, told The Daily Star Egypt.…
Democratic Front Party not a Harb monopoly, says analyst
CAIRO: Rumors that the newly-licensed Democratic Front party's leadership will be dominated by the Harb family have been blown out of proportion, political analyst at the Al Ahram Center for…