Sawiris says government should join hands with secular movements to combat political Islam
SHARM EL-SHEIKH, Egypt: Orascom Chairman and Chief Executive Officer Naguib Sawiris have made no secret of his political views. He fears the rise of religious political movements such as the…
World Economic Forum comes to a close
SHARM EL-SHEIKH, Egypt: The World Economic Forum is, for better or worse, essentially about strengthening ties between government and business. A number of representatives from civil societies also attend, but…
U.S. Treasury's Snow lauds Mideast development focus
Reuters SHARM EL-SHEIKH, Egypt: Middle East oil producers seem correctly focused on putting more oil wealth into domestic development and this poses no threat to the U.S. dollar, U.S. Treasury…
A mediocre mission by Cruise
CAIRO: The most fascinating thing that always intrigued me about films is the viewers relationship with the film and its characters. There are various types of links the audiences create…
Press round-up
CAIRO: The World Economic Forum (WEF) on the Middle East held in Sharm El-Sheikh and entitled "The Promise of a New Generation is putting Egypt into the limelight as the…
Tide donates one million pounds
ŠΘ###P & G cooperated with thousands of supermarkets in this initiative to donate LE 1 pound from every purchase of "Super Tide" (automatic) pack to cover the equipments for the…
Fundraising for orphans
ŠΘ###The money raised from the event will go to the orphans of Zenhoum, an area in Egypt. Here, Nevine Saeda and Poussy Shalaby##Mr and Mrs Faisal Hayaly
Emaar to redevelop site near Alexandria library
SHARM EL-SHEIKH, Egypt: Dubai-based property development group Emaar aims to build a hotel and other facilities close to the site of Egypt s ancient Great Library at Alexandria, the company…
Orascom says to bid for third Saudi mobile license
SHARM EL-SHEIKH, Egypt: Orascom Telecom will be among bidders for a third mobile phone license in Saudi Arabia, but does not intend to take a large stake, Chairman Naguib Sawiris…
Interbank rate falls to 8.05 percent
CAIRO: The median overnight interbank rate on the pound dipped to 8.05 percent on Sunday from Thursday s 8.067 percent with no new auctions to affect demand close to the…