Dubai no longer an employee's paradise
Rising costs of living are forcing many foreigners homeward boundDUBAI: Ali Mahmoud, 42, is a UAE-based Egyptian expatriate. Having worked between Dubai and Sharjah as a translator for the last…
Increased IT development vital to Egypt's future
CAIRO: With studies indicating only 4 percent of Egyptians own computers, the state of information technology in Egypt needs to be reviewed. The country, like the rest of the world,…
Resurrecting the past in Abu Sir
Hungarian Egyptologist uncovers the secrets of Taposiris MagnaTaposiris Magna: A Temple, Fortress and Monastery of EgyptPublished by Egypt Excavation Society of Hungary, 2004Hardcover, 223 pagesCAIRO: West of Alexandria, between the…
Angry Israelis demand regime change
Israel is in trouble. Its president Moshe Katsav is being investigated for allegedly raping one of his own staff members. Ehud Olmert, its Prime Minister, is accused of accepting a…
Human rights abuses in Egypt, Jordan and Syria
DUBAI: Human rights organizations in Egypt have condemned the Egyptian government for two fatal rail accidents and have continued with campaigns for the release from prison of prominent Muslim Brotherhood…
Egyptian ferry rescued in Red Sea
CAIRO: An Egyptian ferry carrying about 1,000 passengers, mainly Muslim pilgrims, was rescued in the Red Sea after running into difficulty, the official MENA news agency reported Monday. The Cleopatra…
Three firms bid for stakes in Raya Telecom
CAIRO: Three multinational companies have submitted offers to buy stakes in Egypt s Raya Telecom, a subsidiary of Raya Holding, the stock exchange said on Monday. In a statement on…
Sewedy Cables posts $45 million H1 net income
CAIRO: El Sewedy Cables, listed on the stock exchange in May, reported a net income of LE 256 million ($45 million) for the first half of 2006, the stock exchange…
Median interbank rate rises to 8.65 percent
CAIRO: The median overnight interbank rate on the pound rose on Monday to 8.65 percent from Sunday s 8.416 percent with the market short after a recent central bank auction…
President effects minor cabinet shuffle
CAIRO: President Hosni Mubarak made minor adjustments to his cabinet Sunday, topping the changes with the reassignment of the justice portfolio. The heads of the foreign affairs, interior and defense…