Public banks to receive $1 billion capital increase

CAIRO: Having recently been downgraded by the ratings agency Moody s, National Bank of Egypt (NBE) will share a capital injection of $1 billion (LE 5.7 billion) with the Banque…

Waleed Khalil Rasromani

Shaaban Abdel Rahim releases a new song in protest of Israel

CAIRO: A populist crooner who won fame for his ditty I Hate Israel is releasing a new song in protest against Israel s attack on Hezbollah, his production manager announced…

Daily Star Egypt Staff

Blissful night

 ŠΘ###The beautiful wedding at the JW Marriot was attended by many ministers, businesspeople and celebrities, here, Mr. and Mrs. Sameh Fahmy (Minister of Petroleum) with his daughter Samar and her…

Daily Star Egypt Staff

"Wesh Egram" Premiere

 ŠΘ###The movie stars' Boushra and Khaled Zaki in addition to director Wael Ihsan, producer Esaad Younes and fans attended the event, here, Esaad Younes and Wael Ihsan##Khaled Zaki, Mohammed Heniedy…

Daily Star Egypt Staff

Celebrating Egyptian folklore

The First Folkloric Arts Festival honors its pioneersCAIRO: Egypt's first Folkloric Arts Festival took place at El Sawy Cultural Center from Friday, July 28 until July 30, featuring performances by…

Safaa Abdoun

Orascom Telecom pulls out from Serbian operation bid

CAIRO: The Egyptian communication company Orascom Telecom (OT) pulled out from the contest over 70 percent of Serbian Mobi 63 Company that the Serbian government has marked for privatization. The…

Daily Star Egypt Staff

Exports of natural gas hit 1.9 trillion cubic feet in 2005-6

NOOZZCAIRO: Egyptian natural gas exports amounted to 1.9 trillion cubic feet (or 40 million tons) during fiscal year 2005-6, according to the Egyptian Holding Company for Natural Gases, EGAS.Chairman of…

Daily News Egypt

Etisalat rebuff potential bidders

Winner of Egypt s third mobile license puts rumors to restCAIRO: Etisalat, the UAE-based mobile operator that was recently awarded the third Egyptian mobile license, will not be selling any…

Najla Moussa

Press lashes out at Israel, Arab regimes, and U.S.

Newspapers publish pictures of dead children from Qana on front pages.CAIRO: The aftermath of what the press has labeled "The 2006 Qana Massacre is topping local headlines. With the incident…

Pakinam Amer

President warns Mideast peace process could collapse

Mubarak says UN impotent over LebanonCAIRO: President Hosni Mubarak warned Monday that the entire Middle East peace process could collapse because of Israel s attacks on Lebanon. Egypt, which triggered…

Daily Star Egypt Staff