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Latest in Politics


Telecoms interest pushes up Egyptian stocks

CAIRO: The two main Egyptian share indexes rose at least 1 percent on Wednesday on continuing interest in telecommunications after the Telecom Egypt offer to raise its stake in Vodafone Egypt. Telecom Egypt shares last traded 2 percent higher at LE 15.02 ($2.62) and brokers said the company had a good chance of increasing its …

Reuters

"Development Corridor" under study by the government

1,200 km highway has potential to boost economy but cost worrisome CAIRO: A five-member ministerial committee began work this month to study the feasibility of constructing a 1,200 km North-South highway proposed by Egyptian academic Farouq El Baz, of Boston University. The nine-month study of what the committee is referring to as the Development Corridor, …

Ahmed A. Namatalla

Crime Scene

Sulfuric acid weapon of choice in week’s crimes CAIRO: Anyone who had expected crimes to disappear during the first days of Ramadan will be disappointed. While homicides seem to have slowed down, suicides are on the rise. In a Port Said, a prisoner committed suicide because his family had stopped visiting him. The 48-year-old man …

Ahmad Aboul-Wafa

CHARITIES

Ramadan is a month of generosity and charity to those less fortunate. In keeping with this spirit, The Daily Star Egypt has compiled a list of local charities. There are many worthy organizations throughout the country, and this is far from a comprehensive list. Therefore we will be alternating charities throughout the month. If you …

Daily Star Egypt Staff

Research through a camera lens

Local artist Hadeel Nazmy discusses her photography at CIC CAIRO: Hadeel Nazmy is an artist who does not care about artistry. She doesn t waste her time looking for the right shot, the right angle or the right lens. Even the object is of little importance to her. In fact, Nazmy could perhaps be better …

Deena Douara

Nasrallah dates win the battle for the Ramadan feast table

CAIRO: Every year, Cairo merchants give nicknames to their dates, the traditional way to break the fast in the Islamic holy month of Ramadan. This year s best date: the Nasrallah, named after the leader of the Lebanese group Hezbollah. Ramadan began over the weekend, at a time of swelling of support for Hezbollah and …

Daily Star Egypt Staff

Egyptian motorsport team struggles with funding and red tape

Lack of sponsorship and awareness hinders progress of talented team drivers CAIRO: As a teenager, Ahmed Hamada fell in love with karting. He would ask all of his family members and friends to drive him to the nearest track. Little did the 14-year-old know that he would win his first car racing championship cup at …

Sarah El Sirgany

Egyptian, UAE investors to launch new pharmaceutical plant in Assiut

CAIRO: The Industry Development Agency in Arab Al-Awamer, Assiut, south of Egypt, has approved the creation of a new pharmaceuticals laboratory with an authorized capital of LE 150 million and a paid-in capital of LE 90 million. Ali Hussein, general manager of investors’ services department at Assiut governorate, told NOOZZ on Monday that a land …

Daily Star Egypt Staff

Human rights organizations to launch joint long-term training program for young human rights activists in the Arab World

CAIRO: In an attempt to foster a regional network of young human rights advocates and increase awareness of human rights issues, the Cairo Institute for Human Rights Studies (CIHRS), Human Rights Education Associates (HREA) and the Arab Institute for Human Rights (AIHR) are launching a joint training program for human rights advocates in December 2006. …

Alexandra Sandels

Egypt destroys tunnel under border into Gaza

GAZA CITY: Egyptian security forces destroyed on Tuesday a tunnel running under the border with the Gaza Strip and used by smugglers, security sources said Palestinian security forces discovered two underground tunnels along the Gaza Strip border with Egypt on Tuesday that they suspect were dug to smuggle weapons and other contraband. One of the …

Daily Star Egypt Staff

Morocco raps Egyptian Islamic scholar for mortgage edict

Reuters RABAT: An Egyptian Islamic scholar has irked Morocco by telling its young people it s okay to take out a mortgage to buy a house, even though Sharia religious law bans interest payments as usury. A religious council appointed by King Mohammed said Youssef Al-Qaradawi, who is influential among Muslims around the world, had …

Daily News Egypt

Telecoms sector pushes shares up

CAIRO: The two main Egyptian share indexes made gains on Tuesday driven by telecoms, which have risen since Telecom Egypt said it would seek a larger stake in Vodafone Egypt, traders said. Telecom Egypt said last Tuesday it would seek to increase its stake in Vodafone Egypt by buying up to 24.4 percent of the …

Daily Star Egypt Staff

The BG Group

  ŠΘ # # # Frank Chapman, BG Group’s Chief Executive presented the awards at a ceremony which was attended by Minister of Environment, Eng. Maged George prominent businessmen and BG Group employees from India, Trinidad, Tunisia, Kazakhstan, the U.S., the UK and Egypt, here are Maged George, Minister of Environment with Frank Chapman BG …

Daily Star Egypt Staff

Consortium submits plan for Egyptian port terminal

ALEXANDRIA: A consortium of U.S., Egyptian and Turkish companies has submitted the sole offer to operate the passenger terminal in the port of Alexandria, an official at the Alexandria Port Authority said on Tuesday. The official said the authority is studying the offer by the consortium, made up of U.S.-Norwegian Royal Caribbean , Egypt s …

Daily Star Egypt Staff

Government to propose cigarette and alcohol tax hike

Plan to finance LE 1 billion of LE 8 billion needed for universal healthcare coverage CAIRO: The government plans to introduce a bill to the People s Assembly to raise cigarette and alcohol taxes by as much as 20 percent to help finance universal health insurance as promised by President Hosni Mubarak during last year …

Ahmed A. Namatalla

Psychologist claims to have "cure" for homosexuality

While countries around the world legislate homosexual rights, doctor proposes treatment CAIRO: At a time when the entire world, one country after another, is legislating laws that give more rights to homosexuals, homosexuality in Egypt is still viewed by many as a disease. Dr. Awsam Wasfy, a psychologist, gave a lecture at the Center of …

Maram Mazen

Building on an image

CIC has made visual images their business Visual image (n): 1. a mental image that is similar to a visual perception, 2. a perception that arises from the eyes; an image in the visual system. Synonyms: Visualization CAIRO: Defining a visual image and understanding it is a complicated task. Producing a perfect video, picture and/or …

Farah El Alfy

NDP conference and new moon sighting top news of the week

Ramadan TV programming and escalating food prices receive attention CAIRO: The fourth annual conference of the National Democratic Party was assessed this week by national and independent newspapers. On its front page, Al Ahram national newspaper printed quotes and promises by President Hosni Mubarak made in his closing speech. The president asserted that under his …

Maram Mazen

Stocks flat in Ramadan lull

CAIRO: Stocks were flat on Monday in the absence of major news to move the market during the month of Ramadan. The real estate sector secured some gains, led by Orascom Hotels and Development (OHD), which announced it had won Swiss government approval for a resort complex in the Swiss village of Andermatt. Shares in …

Daily Star Egypt Staff

Forget a UN force in Gaza absent a political horizon

The deployment of a beefed-up United Nations force in Lebanon to bolster the cease-fire led Italian Minister of Foreign Affairs Massimo d’Alema to suggest in late August that a similar deployment be made in the Gaza Strip. Days later, Karen AbuZayd, the commissioner general for the UN Relief and Works Agency, UNRWA, said “it would …

Daily News Egypt

Egypt to sell Omar Effendi shops for $103 million

CAIRO: The government agreed on Monday to sell 90 percent of the historic department store chain Omar Effendi to the Saudi company Anwal for LE 589.5 million ($102.7 million), state news agency MENA said. Omar Effendi, which has branches in every large Egyptian town, was founded in 1856 under the name Orosdi Back and long …

Daily Star Egypt Staff

An hour with a confident Ahmadinejad

The most telling moment in a conversation I had in New York last week with Iranian President Mahmoud Ahmadinejad came when he was asked if America would attack Iran. He quickly answered “no, with a slight cock of his head as if he regarded the very idea of war between the two countries as preposterous. …

David Ignatius

Median interbank rate falls to 8.05 percent

CAIRO: The median overnight interbank rate on the pound dropped to 8.05 percent on Monday from 8.395 on Sunday, with the market liquid at the end of the reserve period, traders said. We had no deals. It s the last day of the reserve period, so naturally banks are squared, said one trader. Tuesday marks …

Daily Star Egypt Staff

Treasure hunting through Soly Gallery

The collection is eclectic and disorganized but the fun lies in the search CAIRO: From the musty smell and the dim lighting to the way the paintings are stacked and stuffed in corners like old hoarded treasures, you might think you’re a 12-year-old again and sneaking around your grandmother’s attic. Soly Art Gallery is a …

Daily News Egypt

EFG-Hermes to offer online trading

CAIRO: Cairo-based brokerage EFG-Hermes has obtained a license to offer online trading of Egyptian stocks and will start a gradual launch to existing clients within two weeks, an official said on Monday. We re ready for an immediate soft launch and we will start in a week or two depending on the exchange, said Mamdouh …

Daily Star Egypt Staff

T-shirts take on local flavor

Zafir lets customers express themselves in truly Egyptian ways CAIRO: T-shirts are a global product that reflect the wearer’s personality. Some people choose T-shirts featuring their favorite bands; others prefer a famous saying; and some would rather keep it simple. But have you ever seen anyone wearing a T-shirt reflecting Egyptian popular culture? Well, now …

Farah El Alfy

OHD says it has permission for Swiss project

CAIRO: Orascom Hotels and Development (OHD) said it had won Swiss government approval for a resort complex in the Swiss village of Andermatt. In a statement received on Monday, the Cairo-based company said it had obtained an exemption for the project from Lex Koller, a law which restricts foreign ownership of real estate. The project …

Daily Star Egypt Staff