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Latest in Politics


Mubarak lashes out at press over coverage of protests

CAIRO: President Hosni Mubarak lashed out at coverage of Cairo street protests in which more than 600 Egyptians were beaten and arrested, calling the rallies evidence of democracy and coverage of them libel and blasphemy, in remarks published Tuesday. Continuation (of the protests) is evidence of democracy, Mubarak said in an interview with the state-owned …

Daily Star Egypt Staff

Egypt mulls pound eurobonds

Reuters SHARM EL-SHEIKH, Egypt: The Egyptian government has started talks with investment banks on the possibility of issuing bonds abroad denominated in Egyptian pounds, Investment Minister Mahmoud Mohieddin said in an interview on Sunday. It could be something like 500 million euros or dollars and this I think is going to be taken very positively …

Jonathan Wright

Retail selling pulls stock market lower

CAIRO: A slump in EFG-Hermes shares pulled the wider Egyptian stock market lower on Monday, with a sell-off by small investors expecting a further drop in stock prices weighing on the bourse, traders said. There s a lot of selling pressure, retail is continuing to sell across the board, one trader said. They could not …

Daily Star Egypt Staff

Tide donates one million pounds

  ŠΘ # # # P & G cooperated with thousands of supermarkets in this initiative to donate LE 1 pound from every purchase of “Super Tide” (automatic) pack to cover the equipments for the Children’s Cancer Hospital 57357. Above, Wama singing to one of the children # # A magician entertained the children

Daily Star Egypt Staff

Call center chief sees offshore growth in Egypt

Reuters SHARM EL-SHEIKH, Egypt: The chairman of Egypt s largest offshore call center company said on Sunday his company was growing at 50 percent a year and that in this sector Egypt could become to Europe what India is to the United States. Adel Danish, chairman and chief executive of Xceed, told Reuters in an …

Jonathan Wright

Press round-up

CAIRO: The World Economic Forum (WEF) on the Middle East held in Sharm El-Sheikh and entitled “The Promise of a New Generation is putting Egypt into the limelight as the event draws extensive local and international coverage. National newspapers published round-ups of the conference’s key speeches and highlighted its high-profile attendees, while independent and international …

Pakinam Amer

A mediocre mission by Cruise

CAIRO: The most fascinating thing that always intrigued me about films is the viewers relationship with the film and its characters. There are various types of links the audiences create with the fictional characters of a drama – fascination, sympathy, idolization . etc. The most important relationship of all, however, is empathy. Any ordinary filmgoer …

Joseph Fahim

U.S. Treasury's Snow lauds Mideast development focus

Reuters SHARM EL-SHEIKH, Egypt: Middle East oil producers seem correctly focused on putting more oil wealth into domestic development and this poses no threat to the U.S. dollar, U.S. Treasury Secretary John Snow said on Sunday. More than $200 billion of extra income has flowed to producers who belong to the Broader Middle East and …

Daily News Egypt

World Economic Forum comes to a close

SHARM EL-SHEIKH, Egypt: The World Economic Forum is, for better or worse, essentially about strengthening ties between government and business. A number of representatives from civil societies also attend, but ultimately the true theme of the forum, globalization, is driven by business interests. Nevertheless, a number of social issues were addressed by the forum s …


EFG-Hermes chief sees big opportunities in Saudi Arabia

Reuters SHARM EL-SHEIKH, Egypt: The chairman of Egypt-based investment bank EFG-Hermes said on Monday its newly obtained Saudi license was crucial to growth because it expands the company s market four times over. Saudi accounts for over 75 percent of the total fee pot of the Arab world. So whatever we are doing today we …

Jonathan Wright

Intel unlikely to slash jobs in efficiency review

SHARM EL-SHEIKH, Egypt: Intel Corp. is unlikely to shut plants or slash jobs following a top-to-bottom review announced last month to address shrinking market share and slowing computer sales, a senior executive at the world s biggest chipmaker said on Sunday. That has not been the expected outcome, Gordon Graylish, Intel s vice president and …

Daily News Egypt

Court sentences eight to jail over theater fire

CAIRO: An Egyptian court sentenced eight government employees, including the head of a cultural body, to 10 years in jail each on Monday for negligence over a theater fire last year that killed 46 people, a judicial official said. The official said that Mostafa Elwy, head of the authority for cultural centers who was among …

Daily Star Egypt Staff

Brotherhood says Nazif's comments betray reform

CAIRO: Egypt s banned Islamist opposition Muslim Brotherhood said on Sunday comments by the prime minister about preventing its members from standing in future elections proved the government was not committed to reform. The group, which won a fifth of parliament s seats in elections last year, would attract more support from Egyptians if the …

Daily News Egypt

Another Sinai bombings suspect surrenders

EL-ARISH, Egypt: Another suspect in the terror attacks that rocked the Sinai Peninsula in April has surrendered said security officials on Saturday. Gen. Adel Fawzi of North Sinai s criminal investigations unit said that Maged Ahmed Ali al-Ba era, 28, who was wanted for the bombings that killed 20 people in Dahab last month, has …

Daily Star Egypt Staff

Arab League chief at WEF: No to nuclear weapons in Mideast

SHARM EL-SHEIKH, Egypt: The Arab League chief on Monday said U.S. charges that Iran wants to build nuclear weapons had no credibility in the Arab world and demanded that the allegation be supported by proof from the UN nuclear watchdog. Amr Moussa further declared that Arabs want the whole region to be free of nuclear …

Daily Star Egypt Staff

Nazif wants no Brotherhood block in parliament

Reuters SHARM EL-SHEIKH, Egypt: The Egyptian government wants to prevent the Muslim Brotherhood forming a parliamentary group by winning seats as independents in future elections, Prime Minister Ahmed Nazif said on Saturday. The Brotherhood, a well-established Islamist movement which says it is committed to political reform by peaceful means, won a fifth of the seats …

Jonathan Wright

Kuwait's NBK wants to buy Egyptian bank next year

SHARM EL-SHEIKH, Egypt: National Bank of Kuwait is looking to buy an Egyptian bank with a strong retail business next year and hopes to push into the United Arab Emirates and Syria soon, its chief executive said on Saturday. Kuwait s largest bank is expected to emerge unscathed from a regional stock market slump and …

Daily News Egypt

Emaar to redevelop site near Alexandria library

SHARM EL-SHEIKH, Egypt: Dubai-based property development group Emaar aims to build a hotel and other facilities close to the site of Egypt s ancient Great Library at Alexandria, the company and local officials announced on Sunday. The site overlooks the eastern harbor, which was once dominated by the library and the Pharos lighthouse, one of …

Daily Star Egypt Staff

Management restructuring key to success

CAIRO: When Farida Khamis started working regularly at her family business, Oriental Weavers (OW), she faced two challenges: like any businesswoman in the country, her first was to attain credibility in a male-dominated field. As a woman, her second challenge was even more difficult: restructuring the management of the corporation along the lines of multinational …

Sarah El Sirgany

Fundraising for orphans

  ŠΘ # # # The money raised from the event will go to the orphans of Zenhoum, an area in Egypt. Here, Nevine Saeda and Poussy Shalaby # # Mr and Mrs Faisal Hayaly

Daily Star Egypt Staff

The Midas touch

CAIRO: The recent fluctuations of gold prices, which reached a 25-year high of $727 per ounce and rapidly dropped down to $657 per ounce and have temporarily caused paralysis in gold markets worldwide have not had much of an affect on the sales influx at Azza Fahmy outlets. Yes, [the fluctuation] does affect the price …

Sarah El Sirgany

Supporting development through education

CAIRO: Intel Corporation announced Saturday that as part of its global commitment to spur economic development in emerging markets, the company, in collaboration with the Egyptian government, will lend its support to the World Economic Forum’s (WEF) launch of the Egypt Education Initiative by training 80 percent of Egyptian teachers in the effective use of …

Najla Moussa

Nazif wants no Brotherhood block in parliament

SHARM EL-SHEIKH, Egypt: The Egyptian government wants to prevent the Muslim Brotherhood forming a parliamentary group by winning seats as independents in future elections, Prime Minister Ahmed Nazif said on Saturday. The Brotherhood, a well-established Islamist movement which says it is committed to political reform by peaceful means, won a fifth of the seats in …

Jonathan Wright

Another Sinai bombings suspect surrenders

EL-ARISH, Egypt: Another suspect in the terror attacks that rocked the Sinai Peninsula in April has surrendered, security officials said Saturday. Gen. Adel Fawzi of North Sinai s criminal investigations unit said that Maged Ahmed Ali al-Ba era, 28, who was wanted for the bombings that killed 20 people in Dahab last month, has turned …

Daily Star Egypt Staff

U.S. condemns Egypt over opposition crackdown

SHARM EL-SHEIKH, Egypt: U.S. Deputy Secretary of State Robert Zoellick condemned Sunday as a mistake the heavy-handed reaction of the authorities in ally Egypt to opposition demonstrators. These (actions) strike me as not only wrong actions but mistakes, like beating people up and the heavy-handed security reaction to these things, he told reporters on the …

Daily Star Egypt Staff

Forum focuses on unemployment, youth and women

SHARM EL-SHEIKH, Egypt: Unemployment, the growing young population and the role of women in society dominated much of the discussion of the World Economic Forum on the Middle East, which moves on to its third and final day today in Sharm El-Sheikh. While carefully skirting around the trickiest regional political issues, the forum focused on …


Muslim Brotherhood pushes for investigations

CAIRO: Disputes between the Interior Ministry and Muslim Brotherhood members of parliament have intensified as the latter insist on a thorough investigation into what they call “the events of Black Thursday. “What is happening is taking us backward on the path of reform, one parliament member was quoted as saying on the official Muslim Brotherhood …

Pakinam Amer