France-Africa summit kicks off in Cannes
CAIRO: The France-Africa Summit kicked off in the French city of Cannes Thursday in the presence of 30 African leaders including President Hosni Mubarak.The meeting will be the last to…
Rachid promises more development, government transparency
CAIRO: Bureaucracy is a major obstacle to development, Minister of Trade and Industry Rachid Mohamed Rachid told a gathering of businessmen Tuesday. At a press conference organized by the Egyptian-French…
Cyprus oil exploration draws interest from five firms
NICOSIA: Five international companies have contacted the Cypriot government over the possibility of exploring oil and gas deposits off the Mediterranean island s coast, the commerce minister said Tuesday. Antonis…
New Australian animal cruelty row in sheep trade to Egypt
SYDNEY: The Australian government said on Tuesday it would not ban live sheep exports to Egypt despite new evidence of what it called appalling treatment in that country, but would…
Egypt pound o/n interbank edges down to 8.805 percent
CAIRO: The median overnight interbank rate on Egypt s pound edged down fractionally to 8.805 percent on Thursday from 8.812 percent on Wednesday as many banks steered clear of central…
OT, Misr Cement Qena shine as market shares rise
CAIRO: Shares rose across the board on Wednesday, with strong interest from foreign investors in construction and telecom shares such as regional telecoms giant Orascom Telecom. There is a general…
Rising sea levels could hit poor countries hardest
Reuters WASHINGTON: Even a small rise in the world s sea levels, predicted as a result of global warming, could make environmental refugees of some 56 million people in developing…
Guantanamo comes to Morocco for film shoot
RABAT: A 16th century Marrakesh palace has for the past three weeks been transformed into the infamous American prison camp in Guantanamo Bay to set the scene for a movie…
Abou-Treika to miss African Super Cup clash
CAIRO: Ahli playmaker Mohamed Abou-Treika will miss his side s clash against Tunisian side Etoile Sahel in the African Super Cup on Sunday after failing to recover from injury in…
