Latest in Trade Highlight

Advertising Area






Latest in Trade


Schneer traces lead-up to the Balfour Declaration

"The Balfour Declaration: The Origins of the Arab-Israeli Conflict,” by Jonathan Schneer: Out of the cauldron that was World War I, the British government gave its blessing to a document that set the stage for what is arguably the most enduring and intractable geopolitical conflict of the past six decades. The approval of the Balfour …

Daily News Egypt

Telecom Egypt Q2 net rises 23 pct on data growth

CAIRO: Landline monopoly Telecom Egypt posted second-quarter net profit at the top end of analyst forecasts on Thursday as growing internet and data revenue offset weakness in its fixed-line voice business. Net income was LE 971 million ($171 million), the company said in a statement, up 23 percent from the second quarter of 2009 and …

Reuters

Palestinian suffering crossing the bridge continues

AMMAN: Once again the summer heat is upon us. And once again, people’s anguish, and appeals at the overcrowded King Hussein Bridge are melting as quickly as an ice cream cone in the Jordan Valley’s high temperatures. The King Hussein Bridge is the only crossing point available to the 3.5 million Palestinians of the West …

Daily News Egypt

Swiss film fest with Asian touch to show banned zombie movie

Switzerland’s Locarno Film Festival opened on Wednesday for 10 days of art-house movies, including a premiere for an explicit gay alien zombie movie that was sidelined by Australian censors last month. New artistic director Olivier Père and his team have kept up the annual southern Swiss festival’s tradition of showcasing upcoming talent and introducing new …

AFP

Believing the invisible: Mime fest in Cairo

Mime is a world in where not hearing and not seeing can still lead to believing. In its sixth year, Sawy’s Mime Festival aims to popularize this elusive, unpopular art form. While Saturday featured many forgettable performances, the second day was filled with pleasant surprises. Mime is the art of portraying a character of story …

Chitra Kalyani

The scoop on unauthorized celeb books: fewer sales

Put Angelina Jolie’s face on a magazine cover and sales will surely rise. Get her to write a memoir and it would be worth millions. But write a book about her, without her cooperation, and you’re taking a chance. Coming a week after the release of her latest film, "Salt," a biography has been published. …

AP

Arabs agree to direct Israel-Palestinian talks

CAIRO: Arab officials agreed on Thursday to the holding of direct Middle East peace negotiations and left it up to Palestinian President Mahmoud Abbas to decide when to start talks with Israel, the Qatari prime minister and foreign minister said. Hamad bin Jassem bin Jabr Al-Thani, who chaired a meeting of foreign ministers and representatives, …

AFP

Robert Plant takes his Band of Joy’ on the road

All eyes are on Robert Plant when he steps on stage — especially his band’s. If you’re going to play with the rock ‘n’ roll icon, you’ve got to be ready to follow. "When you’re working with Robert you can only rehearse so much and then it doesn’t matter anymore because you have to have …

Daily News Egypt

Zawahri slams Arab leaders as ‘Zionists’ in new tape

DUBAI: Al-Qaeda number two Ayman Al-Zawahri slammed Arab leaders as "Zionists" who are helping Israel’s siege of the Gaza Strip, in his first message since December posted online Monday. He also mocked US President Barack Obama for saying that the Taliban will not gain power in Afghanistan, hailing at the same time, the "victory" of …

Daily News Egypt

‘Inception’ earns dreamy reception with $60.4 mln

  Leonardo DiCaprio and Christopher Nolan’s "Inception" is anything but a sleeper as the thriller opened big with $60.4 million and a No. 1 finish at the weekend box office, according to studio estimates Sunday.   The Warner Bros. action tale about a team that sneaks into people’s dreams is DiCaprio’s biggest opening weekend, topping …

AP

Weak market delays UAE’s first IPO of 2010, says source

DUBAI: The UAE’s first IPO of 2010, scheduled for June by lead manager Shuaa Capital, will not take place before the fourth quarter due to the weak market, a banking executive familiar with the matter said. Shuaa said in May it was lead manager for AED1 billion ($272 million) IPO for an unnamed Abu Dhabi …

Reuters

Two-headed serpent with a sting in the tail

Anyone who has flown above a large river, watching it twist and turn, shiny and smooth, will recognize the cliche of the snake as metaphor. Perhaps aptly in the case of the Nile, the world’s longest river, the serpent has two heads. One is in the highlands of Ethiopia, the other around Lake Victoria in …

Daily News Egypt

Problems of rural South Africa impervious to World Cup spirit

DURBAN: Feel it. It is here. Ke Nako! This was the South African Broadcasting Corporation’s slogan for the 2010 FIFA World Cup. Chanted en masse, it defined the hopes of a nation. As the sun rose over South Africa on Monday July 12, it signified the dawning of a new consciousness in South Africans. The …

Daily News Egypt

Mubadala plans Airbus parts in Q4, eyes Sikorsky deal

ABU DHABI: Abu Dhabi’s Mubadala Aerospace will start making Airbus parts at its new facility by fourth-quarter, sees a deal with Sikorsky imminent, and expects to conclude up to five financing deals this year. The business, part of government-owned investment company Mubadala, will receive handover of the first phase of Strata, a composites aerostructures manufacturing …

Reuters

Band penalized for copied riff in ‘Down Under’ hit

SYDNEY: A judge ordered Australian band Men at Work on Tuesday to hand over a portion of the royalties from their 1980s hit "Down Under," after previously ruling its distinctive flute riff was copied from a children’s campfire song. But the penalty — 5 percent of the song’s royalties — was far less than the …

Daily News Egypt

Herbie Hancock goes globetrotting on new CD

  Herbie Hancock’s restless creativity won’t allow him to rest. Two months after celebrating his 70th birthday, the jazz piano legend has released the most ambitious recording of his nearly 50-year career — "The Imagine Project" — a globe-trotting, multi-lingual, genre-mixing journey.   "It feels like I turned 30," laughed Hancock. "For me sitting back …

Daily News Egypt

Egyptian farmer calls two-headed calf ‘a miracle’

CAIRO: A farmer in northern Egypt says his cow has given birth to a two-headed calf that he calls a "divine miracle." Sobhy El-Ganzoury said Saturday it took two hours and much pulling to deliver the rare calf. He said the difficult birth has weakened the calf’s legs. El-Ganzoury said the veterinarian informed him that …

AP

Egypt’s tourism picks up but wary of troubled European markets

CAIRO: Egypt’s tourism sector has picked up this fiscal year as the slowdown caused by the global economic crisis eased; however, ongoing trouble in European markets is making forecasts for next year less clear. Egypt’s tourism industry will not be deeply affected this year by the ongoing financial turmoil in Europe, Minister of Tourism Zoheir …

Christopher Le Coq

Barnes & Noble 4Q loss widens on e-book push

  Barnes & Noble Inc.’s fiscal fourth-quarter loss widened as it invested in electronic book technology, the bookseller said Monday.   The New York company also forecast first-quarter and full-year earnings below expectations as it plots aggressive moves into the small but fast-growing e-book market. The loss for the three months ended May totaled $32 …

Daily News Egypt

Egypt tightens security around pipeline for Israel-bound gas

CAIRO: Egyptian police beefed up security around a Sinai pipeline that supplies Israel with natural gas after a group of wanted Bedouin threatened to sabotage it, security officials said on Monday. The Bedouin group, which consists of at least a dozen armed fugitives, has clashed with police since its leader Salem Ali Salem, known as …

Daily News Egypt

Ronaldo reaps rewards of fan admiration

CAPE TOWN: Despite having scored only once and produced some peripheral performances in the World Cup group phase, Cristiano Ronaldo managed to be named man of the match three times by public vote. For the first time in World Cup history, the man of the match is being selected by Internet users and Ronaldo’s global …

Daily News Egypt

Kuwait Feb consumer prices fall 0.3 pct m/m

KUWAIT: Kuwait’s consumer prices dipped 0.3 percent month-on-month in February partly on falling food prices in a reversal of course after two months of increases, the Gulf country’s data showed on Sunday. Consumer price growth in the Arab Gulf is expected to pick up again this year as economies in the world’s top oil exporting …

Reuters

Does a plan come together for the A-Team?

“I love it when a plan comes together.” This iconic phrase was first uttered by Colonel John ‘Hannibal’ Smith when “The A-Team” action series debuted on the NBC network in the US in 1983. But did the scriptwriters, producers and director Joe Carnahan (“Smokin’ Aces”) really have a plan when they signed on to make …

Firas Al-Atraqchi

Film stars captivate and capture Tonys

If you weren’t watching the Tonys too carefully, you would have thought they had turned into the Oscars. Sunday’s show was a night for celebrities and for the meaning of celebrity, when Academy Award winners Denzel Washington and Catherine Zeta-Jones took home their first Tonys, and when the most honored play, "Red," was itself a …

AP

Congo and Burundi expected to sign new Nile water treaty

CAIRO: Burundi and the Democratic Republic of Congo (DRC) are expected to sign the Nile Cooperative Framework Agreement that Egypt and Sudan are opposed to and have refused to recognize. DRC and Burundi are the last two countries remaining yet to sign the new treaty after Kenya signed up to the agreement a few weeks …

Abdel-Rahman Hussein

The sour taste of Helmy’s "Black Honey"

Picture this: An Egyptian immigrant to the US returns home for the first time in 20 years. Naively believing that his Egyptian stature atomically grants him certain basic rights and privileges, the man embarks on an accidental odyssey where he comes face to face with every social anomaly plaguing this country. Intriguing huh? That’s what …

Joseph Fahim

Fans lift Carrie Underwood to 2 CMT Awards wins

The fans love Carrie Underwood and they proved it again during the CMT Music Awards. The former "American Idol" champ won Wednesday night’s top honor, video of the year for "Cowboy Casanova," and CMT performance of the year for "Temporary Home" two months after making history by winning her second Academy of Country Music Awards …

AP

Experts weigh in on weakening Egyptian pound

CAIRO: The Egyptian pound has been weakening against the US dollar in the past weeks, reaching LE 5.6607 per dollar, following the euro’s continued decline. Instability in European markets triggered by turbulence in Greece’s economy has led to the depreciation of the euro. The Egyptian pound rose against the euro in recent months by 14 …

Amr Ramadan

Depicting the prayer call

On June 2, Sotheby’s, the world’s most prestigious auction house and art-related financing company, sold one of the most celebrated Orientalist paintings ever created, “Le Muezzin,” by Jean-Léon Gérôme. The painting, which shows a man calling for prayer, has been in the same private collection for over 30 years and it was put on the …

Mariam Hamdy

Vintage McCartney lifts somber White House

Forty-six years after the Beatles invaded America, Paul McCartney rocked the White House Wednesday, honored by President Barack Obama at a star-studded concert celebrating his songwriting legend. Though British Petroleum is target number one for the White House over the Gulf of Mexico oil spill, British pop, in the form of Sir Paul, was more …

AFP