Protesters warned their lives were in danger
CAIRO: A preliminary report detailing the forced breakup of a Sudanese refugee sit-in at a park in Mohandiseen says protesters were given ample warning by security officials to leave peacefully…
A solid turnout
CAIRO: The Orascom companies are experiencing a good week, following a good year. Mobinil, one of the companies under Orascom Telecom Holding (OTH), announced yesterday their full year 2005 results,…
A million little lies
CAIRO: I wake to the drone of an airplane engine and the feeling of something warm dripping down my chin. I lift my hand to feel my face. My front…
EFG-Hermes helps drag down stocks
CAIRO: Egyptian investment bank EFG-Hermes helped drag Egyptian stocks down on Wednesday as retail investors sold ahead of a planned capital increase, traders said.The benchmark Hermes index fell 2,560.24 points,…
Egypt median o/n interbank rate creeps up to 8.4 percent
CAIRO: The median overnight interbank rate on Egypt s pound ticked up to 8.4 percent on Wednesday from 8.385 percent on Tuesday, traders said. The rates are slightly higher, but…
CIB acquisition finalized
CAIRO: The sale of 18.7 percent of Commercial International Bank (CIB) to a consortium of investors was announced yesterday in a deal worth approximately $230 million.All regulatory approvals for the…
Cargo ship blocks all traffic in the Suez Canal
CAIRO: A 93,000-ton cargo ship blocked the Suez Canal on Wednesday, stopping all transit of the waterway between the Mediterranean and the Red Sea, a Suez Canal Authority official said.Four…
Industrial development growth in line with far-reaching business plans
CAIRO: The Minister of Trade and Industry, Rachid Mohamed Rachid, announced that industrial investments reached LE 15.0 billion during 2005.Workers, 115,000, were hired and 3,200 new companies were granted establishment…
Crash burns onto the silver-screen
CAIRO: The issue of prejudice is not unfamiliar on the silver screen. There have been many films tackling the issue in various ways. Only the unique and well thought-out have…
Human rights groups investigate shipping disaster
CAIRO: Alongside an official government investigation, local human rights groups have launched a parallel inquiry into the circumstances under which a ferry sank in the Red Sea on Feb. 3.…