Analysts view Gamal Mubarak as on a mission to reduce tension

CAIRO: A visit to the White House by the politician son of President Hosni Mubarak indicates that the Egyptian government and the Bush administration both want to reduce tension over…

Daily Star Egypt Staff Daily Star Egypt Staff

Interbank rate falls to 8.10 percent

CAIRO: The median overnight interbank rate on the pound fell to 8.10 percent on Wednesday from Tuesday s 8.154 percent, with the market experiencing short-term liquidity, bankers said. Four of…

Daily Star Egypt Staff Daily Star Egypt Staff

Sawiris sees Weather listing raising 2 billion euros

MILAN: Egyptian businessman Naguib Sawiris said on Wednesday he aimed to raise about 2 billion euros from the listing of Weather Investments, which controls Italy s second biggest mobile phone…

Daily Star Egypt Staff Daily Star Egypt Staff

Public awareness, streamlined property registration key to growth of mortgage finance

CAIRO: The market mechanism of supply and demand requires certain rules, procedures and institutions to be in place in order to operate properly, and the Egyptian housing market is an…

Waleed Khalil Rasromani Waleed Khalil Rasromani

EAB Q1 net profit down 27.5 percent

CAIRO: Egyptian American Bank (EAB) on Wednesday posted a 27.5 percent fall in its first quarter net profit to LE 64.36 million ($11.15 million). EAB had a first quarter net…

Daily Star Egypt Staff Daily Star Egypt Staff

UN expert praises Egypt's bird flu response

WASHINGTON: Egypt s quick response to bird flu shows that even less-developed countries can cope with limited outbreaks if they follow guidelines, the United Nations chief bird flu expert says.…

Daily Star Egypt Staff Daily Star Egypt Staff

Painting a portrait of rebirth

CAIRO: When thinking of Algeria, most people remember the wars, the terror, the French invasion and unsettlement. The country has seen occupations by the Phoenicians, Romans, Moors, Jews, Ottomans and…

Farah El Alfy Farah El Alfy

Spain's Cepsa gets exploration permit in Egypt

MADRID: Spanish oil and gas company Cepsa said on Tuesday it has gained a new exploration permit in Egypt s western desert enabling it to boost its exploration activities. After…

Daily Star Egypt Staff Daily Star Egypt Staff

EFG-Hermes awarded Saudi license

CAIRO: The Capital Market Authority of the Kingdom of Saudi Arabia (KSA) granted EFG-Hermes a license to operate as an Investment Bank in the Saudi Stock Exchange on Monday. The…

Najla Moussa Najla Moussa