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Latest by Daily News Egypt


Middle East is the hub for foreign portfolio investment, say experts

SHARM EL-SHEIKH: Participants of EFG-Hermes’ sixth annual One-on-One Conference’s confirmed the region’s “huge potential for expanding trade, exports and foreign direct investment, the investment banking firm said in a statement. Utilizing the market slow down in the US and Europe, high oil prices and new investment laws and government regulations in the region, Yasser El-Mallawany …

Daily News Egypt

Vodafone Egypt launches Smart Ads

CAIRO: International brand names can now deliver direct their ads straight to Vodafone customers, who will be the first to know about special offers, promotions and discounts, the mobile company said in a statement. The new service, still in its trial phase, is in line with Vodafone’s strategy to provide a basked of complementary services …

Daily News Egypt

Ibrahim leads Zamalek to victory over ENPPI

CAIRO: Mohamed Ibrahim scored for the second game in a row to fire Zamalek past ENPPI, 1-0, on Monday in an intense game.The Whites jump to the fourth spot with 34 points, two points behind second-placed Al Gaish. Ruud Krol opted for a 3-4-2-1 formation using Amr Zaki as a lone striker with Mahmoud Shikbala …

Daily News Egypt

Abou-Treika to learn fate on Wednesday

CAIRO: Ahli s playmaker Mohamed Abou Treika will have a fitness test on Wednesday to see if he can play the derby match against Zamalek on Friday. Abou Treika will have a fitness test on Wednesday. He has a few chances of passing it but there is still a possibility, Ahli s assistant manager Hossam …

Daily News Egypt

Invensys partner with ENPPI and GASCO

CAIRO: Invensys Process Systems have joined ENPPI and GASCO in a joint venture to create Invensys Process System Egypt, the first “industrial automation engineering center of excellence in the country, according to a press statement. The new company is set to “play a significant role in the modernization of the Egyptian petroleum industry, help increase …

Daily News Egypt

CoreCap increases capital, appoints new board

CAIRO: CoreCap Limited said it has increased its paid-in capital through a private placement to a list of regional blue chip institutional and high net worth investors, according to a press statement. The firm also announced the appointment of a new board of directors to represent its new shareholder base. CoreCap’s board of directors is …

Daily News Egypt

Moving forward

In the winter of 1991, Saddam Hussein bombed Tel Aviv. For a month and a half, long-range missiles landed on the city. People panicked and many fled to Jerusalem, while the leaders issued pompous statements about the terrible blow the Iraqi dictator was about to receive. But nothing happened. We did nothing. In February and …

Daily News Egypt

Tear down the wall and dance!

We had nearly finished getting our gear off the stage when someone from the audience came up to congratulate us on our show. After telling us how much he enjoyed the music and video projection, he added, with a slightly troubled look on his face: …but I have a problem. Isn’t it somehow wrong to …

Daily News Egypt

Run to fight breast cancer

CAIRO: The Breast Cancer Foundation of Egypt (BCFE) is organizing its sixth annual “Run for Cure next Friday, March 14. “Join us as we walk, jog or run to fight breast cancer at the Gezira Club, reads the invitation. The event aims to draw attention to the threat of breast cancer and to raise funds …

Daily News Egypt

Trabzon win in Moawad's debut

CAIRO: Egyptian winger Sayed Moawad made his debut for Trabzonspor, helping them beat Kasim Pasha 2-1, on Sunday, in match day 25 of the Turkish Super Lig. The Ismaili winger was loaned to Tranzonspor just after the African Nations Cup but until now has had to watch the games from the bench. Moawad and his …

Daily News Egypt

Al Ahly stretch lead with Arab Contractors' win

CAIRO: Al Ahly is now 16 points clear on top of the table after crushing Arab Contractors 4-1 in the Egyptian League on Monday. Ahmed Fathi scored his first goal for Ahly from a well-placed free kick to give his side the lead after 16 minutes. Gilberto doubled the score six minutes after the break …

Daily News Egypt

Eight people killed in massive traffic accident in UAE

DUBAI: Eight people have been killed and 141 injured in a 200-car pile up on the Abu Dhabi-Dubai highway on Tuesday morning. Early reports said only four died. Abu Dhabi officials told the Associated Press that more than 50 vehicles were involved in the accident. The UAE-based news website ArabianBusiness said 92 cars had caught …

Daily News Egypt

Mido, Ghaly dropped from Egypt squad

CAIRO: Premier League duo Ahmed “Mido Hossam (Middlesbrough) and Hossam Ghaly (Derby County) have been dropped from the Egypt squad for the Argentina friendly on March 26. The Pharaohs boss Hassan Shehata didn t give any further details and said he just needed seven foreign-based players for this game. Mido missed this year s Nations …

Daily News Egypt

EFG-Hermes conference focuses on FDI

SHARM EL-SHEIKH: A record number of international investors and regional companies are participating in EFG-Hermes sixth annual One-on-One Conference in Sharm El-Sheikh, the investment banking firm said in a statement. The conference runs from March 9-13, bringing together representatives from about 60 companies with a total market capitalization of more than $345 billion. Participating companies …

Daily News Egypt

Modern Egyptian tales take center stage at indy theater festival

With little publicity, no schedules or solid information, the recent Independent Theater Festival is a hidden mystery in the crammed Cairo culture calendar. Having absolutely no idea what to expect, I entered the theater with caution to watch the latest play Enta Dayes Ala Kalby (You re Squashing My Heart), performed by a theatrical group …

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European Expansion or Putin Expansion?

One merit of the Berlin Wall was that it made obvious where Europe ended. But now the question of Europe’s borders has become a staple of debate in the European Union. Russian President Vladimir Putin’s recent threat to aim missiles at Ukraine highlights what is at stake in that debate’s outcome. The Wall’s collapse in …

Daily News Egypt

The recent Gaza escalation

Over the past few days Israelis, Palestinians, and the world have witnessed the unfolding of a serious and dangerous military escalation between Israel and Hamas. This crisis is a symptom of failed policies, irresponsible actions, and a lack of strategic thinking. Further escalating the violence in Gaza may deal a fatal blow to the credibility …

Daily News Egypt

Does Iran's parliamentary election matter?

Does Iran’s upcoming Parliamentary election on March 14 deserve to be taken seriously? Or is it simply a sham vote for an emasculated institution? Paradoxically, Iranian elections are abnormal by both democratic and autocratic standards. While they are neither free nor fair, there are real differences among candidates, and the outcomes are often unpredictable. In …

Daily News Egypt

Syndicate membership isn't for everyone, say journalists

CAIRO: Last February Mervat Rashad, a journalist with Nahdet Misr newspaper, was attacked by a Wafd party member while she was at the party s office seeking information for a story. When she decided to file a complaint at the police station, she – not being a member of the Journalists’ Syndicate – was possibly …

Daily News Egypt

Kiss and tell, says El-Banna

CAIRO: Gamal El-Banna, the controversial 86-year-old Islamic writer and thinker, said that young men and women won’t be sinning if they kissed and hugged when they greeted one another in public, propelling other scholars to accuse him of encouraging adultery. El-Banna told Daily News Egypt that such a practice isn’t considered a sin, because “we …

Daily News Egypt

Trabzon win in Moawad's debut

CAIRO: Egyptian winger Sayed Moawad made his debut for Trabzonspor helping them beat Kasim Pasha 2-1, on Sunday, in match day 25 of the Turkish Super Lig. The Ismaili winger was loaned to Tranzonspor just after the African Nations Cup but until now he had to watch the games from the bench. Moawad and his …

Daily News Egypt

GNSS workshop opens

CAIRO: The Delegation of the European Commission in Egypt together with the Ministry of Civil Aviation inaugurated a workshop today on Global Navigation Satellite System (GNSS) applications. The two-day workshop will take place at the National Air Navigation Services Company. Keynote speakers include Minister of International Cooperation Fayza Aboul Naga, Civil Aviation Minister Ahmed Shafiq, …

Daily News Egypt

Judge: Guantanamo Bay detainee's mistreatment claims are not believable

SYDNEY: A judge ruled Friday that claims by a former Guantanamo Bay inmate that he was tortured could not be fully believed because his testimony was inconsistent and may have been exaggerated to try to help him win a defamation lawsuit. But Mamdouh Habib almost certainly was mistreated during his three years of detention without …

Daily News Egypt

Raúl Castro's China Strategy

Fidel Castro’s resignation from two of his three leadership posts, together with the appointment of his younger brother, Raúl, as his successor, marks the end of an era . sort of. Raúl replaced Fidel as President of the Councils of Ministers and of State, but not as First Secretary of the Cuban Communist Party. And, …

Daily News Egypt

African Union Dull under Spotlight

Thousands who fled the conflict in Darfur for safe refuge in Chad are now on the move yet again to escape unstable conditions in the Chadian capital of N’Djamena, shining the spotlight on the African Union’s inability to protect them. A steady flow of over 30,000 refugees and residents are emptying out of the city …

Daily News Egypt