The Departed wins best picture Oscar
American director Martin Scorsese s hit mob-drama The Departed dominated the 79th Academy Awards on Sunday winning four Oscars including best picture, best adapted screenplay, best editing and best direction…
Europe will send money to new government, says Hamas
ReutersCAIRO: Hamas leader Khaled Meshaal said on Friday several European states have pledged to send money to the new Palestinian government, adding that key peace mediators could also challenge the…
KG, Egypt Ministry of Transport seal agreement on Damietta Port
CAIRO: The Kuwait and Gulf Link Transport Co. (KGL) has reached an agreement with the Egyptian Ministry of Transport setting the end of this February as a deadline for receiving…
Cimpor offers LE 2.4 billion to buy Misr Cement Qena
MCQ share price surges near LE 82 on news, heavy tradingCAIRO: Cimpor Inversiones SA increased its offer to buy 100 percent of Misr Cement Qena (MCQ) to LE 80 per…
Government stake in Bank of Alexandria nears IPO
Moheiddin: IPO timing dependent on appropriateness of market conditionsCAIRO: The Ministry of Investment (MOI) issued an announcement Saturday inviting investment banks to submit proposals for the initial public offering (IPO)…
IFC and Ministry of Housing to cooperate on simplifying construction permit process
Second phase of two year project launches MondayCAIRO: The International Finance Corporation (IFC) and the Ministry of Housing (MOH) are set to sign a cooperation agreement Monday for the second…
Egypt to help lay foundations for Muslim summit in Pakistan
Associated PressCAIRO: Egypt will play a key role in a string of meetings in Pakistan on Sunday for leaders of key Muslim Sunni nations, but Islamic scholars denied that there…
Mubarak: No conditions on Palestinian unity government
ReutersCAIRO: Egypt rejected on Sunday imposing any conditions on the new Palestinian unity government and said it was up to the Palestinians to convince key international mediators to end the…
Government lashes out at critics of blogger jailing
CAIRO: Egypt on Friday lashed out at critics of the four-year jail sentence it handed a blogger Abdel Kareem Soliman Amer for insulting Islam and defaming President Hosni Mubarak. No…
