Mobinil rules out offering additional shares in stock market
CAIRO: Alex Shalabi, Managing Director and CEO of Mobinil, ruled out that the largest mobile phone service provider in Egypt would offer additional stocks to investors in the Cairo &…
Enel sells Weather stake to Sawiris for $2.6 bln
CAIRO: Enel has agreed to sell its remaining 26.1 percent stake in Weather Investments to controlling shareholder Naguib Sawiris for ?1.962 billion ($2.59 billion), the Italian energy firm said on…
Egyptian firm seeks Telkom Kenya unit stake
CAIRO: An Egyptian telecoms firm has offered to pay $24 million for a stake in a losing unit of state-owned Telkom Kenya as part of the firm's restructuring process ahead…
Saudi investors offer to implement railway project between Egypt and Sudan
CAIRO: A group of investors from Saudi Arabia have submitted a proposal to finance and construct a new railway line connecting Aswan to the Sudanese city of Wady Halfa with…
Government proposes multi-pricing of gasoline and LNG
Economists criticize 1997 court decision declaring the practice unconstitutionalCAIRO: Minister of Petroleum Sameh Fahmy proposed to the Shura Council's Industrial Production and Energy Committee Tuesday lobbying the High Constitution Court…
Mahfouz characters go on trial in old Cairo
CAIRO: In the Wekalet Al-Ghoury district of old Cairo, a convoy of prisoners was paraded before an audience and made to stand trial.They stood accused of murder, revenge, thievery, conniving…
Review: God's country and the promise of "Sweet Land"
CAIRO: A romantic comedy, "Sweet Land is a rare independent feature film that explores the assimilation of immigrants in the United States during the 1920s and is one of the…
Theatrical premier overshadows "Cut and Paste" screening
Egyptian film applauded by critics and gets a thumbs up from cast's familiesCAIRO: It started like any other film screening at the Cairo International Film Festival: film starts, people watch,…
Argentinean star captivates Egypt
Mia Maestro talks Hollywood, Latin American cinema and Arabic moviesCAIRO: In a graceful black cocktail dress, Argentinean knock-out Mia Maestro turned all heads as she walked into a hall teaming…
Present and Tense: The making of a king – lesson one
Frankly, I didn't know where to begin. Ahmad Rashad, future king of the Greater Middle East, was sitting on my sofa watching television and waiting for his education to commence.…