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CAIRO: One of the most discussed topics in film circuits these days is the current sorry state of American animated films. Many film analysts foresaw a big surge in Animation…

Joseph Fahim

Chinese government commits $10 million for investor center in Northwest Suez

CAIRO: Minister of International Cooperation Fayza Abul Naga signed agreements with China s Ambassador to Egypt Wu Sike yesterday to build a one-stop shop for investors in the industrial zone…

Waleed Khalil Rasromani

EFG Q1 net income rises five-fold

CAIRO: Egypt-based investment bank EFG-Hermes said on Tuesday its net income rose five-fold to LE 208 million ($36.1 million) in the first quarter of 2006. The income figure was about…

Daily Star Egypt Staff

Median overnight interbank rate rises to 8.275 percent

CAIRO: The median overnight interbank rate on the pound rose to 8.275 percent on Tuesday from 8.074 percent on Monday at the start of a new two-week period for calculating…

Daily Star Egypt Staff

Police kill mastermind of Sinai bombings

AL-ARISH, Egypt: Police killed Tuesday the leader of an Islamist militant group blamed for a spate of attacks in tourist resorts in the Sinai Peninsula over the past 18 months,…

Daily Star Egypt Staff

Police detain four Islamists in Alexandria

CAIRO: Police detained four Muslim Brotherhood members in Alexandria, bringing to 70 the number of members of the Islamist movement being held behind bars, a spokesman told AFP on Tuesday.…

Daily Star Egypt Staff

Israelis urged to leave Sinai after kidnap threat

JERUSALEM: Israel on Monday warned its citizens to leave Egypt s Sinai resort area immediately, saying there was a threat of kidnapping by militant groups. A message circulated to media…

Daily Star Egypt Staff

Emergency Law leading to more instability

CAIRO: Opposition forces claim that following the extension of the Emergency Law security forces have been "harsher and "stricter in their policy. In response, some political and judicial blocs have…

Pakinam Amer

Digitalizing homes

CAIRO: The home entertainment industry is in the throes of its most dynamic period of change, due to today's "digitalization trend in homes of the future.Thanks to the currently heavily…

Najla Moussa

Kuwait's Aref, KGL sign $1 billion Egypt pier deal

KUWAIT: Aref Investment Group and Kuwait Gulf Link Transport Co. said on Tuesday they signed a deal to build and operate container docks at Egypt s Damietta port. The firms,…

Daily Star Egypt Staff