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Solidere International announces opening of Cairo subsidiary

CAIRO: Solidere, the award-winning Lebanese real estate development company, is expanding its presence in Egypt by launching a fully-owned subsidiary Solidere-Egypt, according to a press statement. With its 14-year experience in the development and reconstruction of Beirut Central District, Solidere has an unmatched track-record and multidisciplinary set of skills in city-making. In addition to Beirut, …

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Connects Ads sees 140 pct growth in online advertising

CAIRO: Visitors to MSN Arabia were greeted with a decked out red webpage with entertaining musical graphics and animations of Nokia’s latest 5700 XpressMusic mobile. The creative ‘takeover’ of the MSN Arabia portal was staged by Connect Ads (www.connectads.com), the online advertising unit of Internet solutions provider Linkdotnet. The company conceptualized and executed the innovative …

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Giza Pyramids named 'world's leading attraction'

CAIRO: The World Travel Awards (WTA) named the Giza Pyramids as the “World’s Leading Attraction of the year. The 14th annual awards ceremony was held this past December at the Beaches Turks and Caicos Resort and Spa in the Caribbean. Supreme Council of Antiquities (SCA) Secretary General Zahi Hawass said the coveted award is like …

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Two Degrees of misrepresentation

The United Nations-led climate change conference in Bali will be remembered less for the “road map that it eventually created than for a messy collision between the United States and much of the rest of the world that kept onlookers transfixed. Environmental campaigners vilified America for resisting European Union pressure to pre-commit to specific temperature …

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Amman Stock Exchange closes to good cheer

The Amman Stock Exchange (ASE) closed with a big bang in 2007. The surge in activity buoyed by trading in stocks of the relatively large listed companies and trading contracts, enabled investors to recoup some of the losses sustained in 2006 (although 2005 remains the star year as far as the performance of the ASE …

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Overview: A two-way street

In the Arab world as elsewhere, stock markets mirror the economy as a whole. When Wall Street falls, Americans feel poorer, often with serious implications for the rest of the economy; rising shares on the other hand make people feel richer. The rhythm of the markets is sometimes as significant as the direction of share …

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Dubai: Bridging time zones and boosting confidence

For the last seven years the emirate of Dubai has been operating a domestic stock exchange, as part of wider attempts to create a vibrant, diversified economy that supports a range of non-oil related activities. Although it experienced a sluggish start and was exposed to a Gulf-wide crash, the original exchange would now seem to …

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PSE reflects Palestine's extraordinary circumstances

One of Palestine s many bittersweet economic achievements since the Oslo peace accords is the establishment of the Palestine Securities Exchange. Based in the troubled northern West Bank city of Nablus, the exchange shares the reality of a brutal military occupation alongside the never-ceding steadfastness and resilience of the Palestinian community s desire to build …

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Law permitting abortion for rape victims stirs social debate

CAIRO: Experts have their reservations about a controversial draft law that will allow rape victims to undergo abortions, expressing skepticism about the social benefit of such a law and fear of its abuse. Member of Parliament Mohamed Khalil Kwaitah introduced a bill last November to amend Section 260 of the Penal Code that prohibits abortion …

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News In Brief

OCI wins deal for electricity station Reuters reported that Orascom Construction Industries has won a deal to build an electricity station at Sidi Kerir in northern Egypt, the firm said on Sunday. OCI said in a statement that it had received an invitation on Saturday from the state-owned West Delta Electricity Production Company to sign …

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Reviving Europe's Universities

Writing at home sometime ago, with Wimbledon on TV in the background, it occurred to me that just as Britain hosts the world’s top tennis tournament but never wins it, so we Europeans are in a similar situation with education. The world’s first university was Plato’s Academy in Athens, venerable old universities are scattered across …

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'Islamic Jesus' hits Iranian movie screens

TEHRAN: A director who shares the ideas of Iran s hardline president has produced what he says is the first film giving an Islamic view of Jesus Christ, in a bid to show the common ground between Muslims and Christians. Nader Talebzadeh sees his movie, Jesus, the Spirit of God, as an Islamic answer to …

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Egypt's Media Bureaucracy

With the rapid technological innovations appearing at an unprecedented rate, media regulation worldwide becomes essential; and with it comes a change in the media marketplace. Technological innovations have led to the appearance of new trends in the media sphere, such as digitalization, which brings new techniques that have led to the convergence of delivery channels, …

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War without end on Congo's women

The violence in Congo is unspeakable. But, if the horror of Congo’s recent wars – which have killed more people than any war since World War II – is to end, the unspeakable must be spoken. Across the eastern regions of the Democratic Republic of Congo, government soldiers, members of renegade government military units, and …

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Restoring order

Four young women from the Nablus neighborhood of Rafidiyeh went into a shop Wednesday near the clock square in the center of Nablus. Dressed in the trendiest jeans and blouses, they were looking for fashionable leather bags. Two minutes later they came out empty-handed, disappointed at not finding what they wanted. Just a few months …

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Zamalek in quarter finals despite mediocre performance

CAIRO: Zamalek assistant coach Ayman Mansour blamed his side s weak 2-0 win over Maleyet Kafr Al-Zayat on poor fitness. Mostafa Gaafar and Gamal Hamza scored late in each period as Zamalek labored to victory over the second-division side and advanced to the quarter finals of the Egyptian Cup. We qualified to quarters but the …

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Barakat to undergo tests in Germany

CAIRO: Mohamed Barakat is set to travel to Germany on Sunday to undergo tests on his bad knee. The Ahli midfielder has recovered from his knee surgery, but needs further checks because he is experiencing pains again. Egypt manager Hassan Shehata had to drop Barakat from his initial and final squads for the African Cup …

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Ittihad Alexandria close on Ahli striker

CAIRO: Ittihad agreed terms with Ahli to sign either Reda Al-Weeshi or Abdel-Hamid Hassan on loan till the end of the season, the Alexandria side said. Ittihad are desperate to land an established striker in January to help them fight relegation. They failed to sign Nigerian forward Endurance Idahor from Sudanese side Merreikh or Zamalek …

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Golden Globes show is canceled, but gift suites go on

LOS ANGELES: Despite the Golden Globe Awards being reduced from a swanky dinner party to a no-frills news conference because of the Hollywood writers strike, gift suites remain in full swag. At least five free gifts-filled events beckoned nominees Friday. And since the show is off, vendors hoped their wares – which included jewelry, evening …

Daily News Egypt

News In Brief

EMKE Group plans outlets in Saudi, Egypt and India Khaleej Times reported that UAE-based retail giant EMKE Group, which is eyeing a larger share of the regional retail market, has plans to enter the fast growing economies of Saudi Arabia, Egypt and India with ambitious business plans. The group, which operates 66 shopping outlets under …

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What is the price for peace?

Politics isn t just about words and ideas; it has to be about action. The recently held Palestinian donors conference in Paris was a day when the international community collectively put its money where its mouth is and committed the funds which are desperately needed if the Palestinians are to rebuild their economy and take …

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Imperial hubris

The United States, with its claims of exceptionalism, is usually thought of as free of historical analogies. But comparisons with the fate of earlier empires are becoming more common. I have recently been struck by an analogy from German history: the disaster of German leadership during World War I, epitomized by Kaiser Wilhelm II. Wilhelm …

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The fear factor in US-China relations

Opinion polls indicate that one-third of Americans believe that China will “soon dominate the world, while nearly half view China’s emergence as a “threat to world peace. In turn, many Chinese fear that the United States will not accept their “peaceful rise. Americans and Chinese must avoid such exaggerated fears. Maintaining good US-China relations will …

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With a Grain of Salt: Um Kulthoum Memorial in Paris!

I was overjoyed that no one in Egypt had paid any attention to the birthday anniversary of Arab singing legend, Star of the East, Um Kulthoum. It was only when my friend Dominique Baudis, president of the Paris-based L’Institut Du Monde Arab, expressed his desire to host a huge ceremony to mark the occasion next …

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