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Latest in Politics


HC cuts Egypt mobile target prices

CAIRO: Egyptian brokerage HC Securities cut its target prices for Egypt s mobile phone operators, predicting they will have to buy 3G licenses. HC cut its target for Mobinil to 192 Egyptian pounds ($33.45) from 232.5 pounds, and for Vodafone Egypt to 99 pounds from 120 pounds. Mobinil shares closed on Thursday at 138.05 pounds …

Daily Star Egypt Staff

Three of 11 missing Egyptian students in U.S. officials' custody

Associated Press MINNEAPOLIS, U.S.: Three Egyptian students, sought along with eight others who failed to show up for an exchange program in Montana, were taken into custody on Wednesday, authorities said. Eslam Ibrahim Mohamed El-Dessouki, 21, was taken into custody in Minnesota on what was termed an administrative immigration violation as an out-of-status student, according …

Daily News Egypt

Egypt's Nobel prize winning writer Mahfuz in hospital

Agence France-Presse CAIRO: World renowned Egyptian writer Nagib Mahfuz, who won the Nobel Prize for literature in 1988, has been admitted to hospital, a hospital official said Thursday. Mahfuz, 95, is suffering from kidney problems, pneumonia and other ailments relating to his age, said Muntassem Abdel Muti, spokesman at Cairo s Police Hospital where he …

Daily News Egypt

Sketches of nature

Cultnat has issued a series of postcards that commemorate Egypt s natural heritage that feature the sketches of the country s animals, flora and fauna. The drawings are compelling in their dedication to detail. Nature does not pose motionless for any artist. It s apparent that the artists spent hours observing the animals in their …

Daily Star Egypt Staff

Artists and performers take an intermission

Entertainment industry insiders rule out war’s effect on summer music market CAIRO: With the escalation of violence in Lebanon, a number of Lebanese artists have moved to Cairo, canceling their concerts and postponing the release of their albums or video clips. This has left many wondering whether the summer, a high season for music releases, …

Sarah El Sirgany

Heavenly narrator turns book into poignant experience

CAIRO: Summer is a time for fun, the beach, plenty of sunshine, and some summer reading. But this summer, instead of reaching for some light, easy-read novel, pick up some of the bestsellers that have made waves in the literary scene while you were too busy working. The Lovely Bones, the debut novel by Alice …

Najla Moussa

Intel's Core 2 Duo processor launched regionally

CAIRO: If you are still trying to figure out what the Pentium 4 sticker on your notebook means, forget about it; that kind of processor technology is history. The new Core 2 Duo processor is the new replacement with 40 percent better performance and 40 percent more energy efficiency. But does the local market really …

Sarah El Sirgany

Police officer found guilty of abusing three judges

Human rights center says further investigation needed to uncover other violations The Sawasya Center for Human Rights and Anti-Discrimination issued a statement earlier this week announcing that a court ruling fined a police officer for abusing three judges in last year s parliamentary elections. Edko District Court fined police officer Mohammed Roshdy from El-Beheira security …

Maram Mazen

Mortgaging wave of the future

Mortgage industry numbers up, but challenges persist The mortgage industry reached LE 514 million ($89.4 million) in contracts as of June 2006, up from LE 15.8 million ($2.7 million) recorded in June 2005, Mortgage Finance Authority (MFA) Chairman Osama Saleh announced Tuesday along with Minister of Investment Mahmoud Moheiddin in a round-table discussion held for …

Ahmed A. Namatalla

EFG downgrades Arabia Cotton Ginning

CAIRO: Investment bank EFG-Hermes cut its long-term recommendation for Arabia Cotton Ginning to accumulate from buy on Wednesday, saying a share price rally had left the stock overvalued. EFG said it had also reduced its short-term recommendation to neutral from buy . It said its estimated fair value for the stock, often one of the …

Daily Star Egypt Staff

Egypt stocks dip, profit-taking hits housing sector

CAIRO: A day after hopes for a real estate boom coaxed the market up, Egyptian shares dipped on Wednesday in a volatile market with the housing sector hit by profit-taking, traders said. As long as retail investors stay 80-85 percent of the daily net equity turnover, you would expect such dips, Mohamed Radwan of Delta …

Daily Star Egypt Staff

Tok Tok trials and tribulations

The three-wheeled motorcycle may become a regular feature of Cairo traffic CAIRO: Is it a motorcycle? Is it a car? No, it’s a Tok Tok. It’s a motorcycle with three wheels and a cabin for passengers. About two or three people can squeeze in somewhat comfortably and it is one of the latest means of …

Daily News Egypt

Gamal Mubarak joins Egyptian relief aid flight to Lebanon

BEIRUT: An Egyptian military flight arrived in Beirut Tuesday carrying relief aid and 70 officials and public figures-including Secretary General of the National Democratic Party Gamal Mubarak-who joined the trip to express their support for war-torn Lebanon. Egypt s ministers of information, health, and industry and foreign trade; the leaders of several minor opposition parties, …

Daily Star Egypt Staff

Kicking the habit

Tabac Stop Center uses new technique to help smokers give up their habit CAIRO: Earlier this year, Kenza Badawi was desperate to stop smoking after 20 years of addiction. After trying many unsuccessful methods, she flew to a clinic in Geneva called the Tabac Stop Center (a registered company in Geneva) and finally kicked the …

Farah El Alfy

Museum teaches children to have fun

This summer take a family trip to the first interactive museum CAIRO: If your child is between the ages of 5 and 13 and you are looking for a place where he can learn something new and at the same time have fun, one good place to visit would be the Suzanne Mubarak Children s …

Daily News Egypt

Real estate pushes up Egyptian stocks

CAIRO: The promise of a real estate boom pushed Egyptian stocks up again on Tuesday but institutions remained highly selective in their buying, brokers said. Four housing companies – Shams Housing and Development, United Housing, Cairo Housing and Medinet Nasr Housing – were among the top 10 gainers because Gulf investors are pushing up land …

Daily Star Egypt Staff

Fitch gives CIB BB+ rating, with 'stable outlook'

CAIRO: Fitch Ratings affirmed yesterday Commercial International Bank s International ratings at Issuer Default BB+ with Stable Outlook and Short-term B . The bank s National ratings are affirmed at Long-term AA(egy) with Stable Outlook and Short-term F1+ . The bank s other ratings are affirmed at Individual C and Support 3 . CIB s …

Daily Star Egypt Staff

E-payments become more convenient for shoppers

New pre-paid cards offer discount rewards at CityStars CAIRO: Aiming to enhance electronic payment in Egypt, the National Bank of Egypt (NBE), in co-operation with Visa International and CityStars, has launched the CityStars Pre-paid Visa Electron card, granting customers a wide variety of special offers and discounts at the mall’s stores. “Customers of the CityStars, …

Daily News Egypt

Yet another boycott

Time will tell if calls for a U.S. boycott will find support CAIRO: If you can t buy a bullet for the resistance, don t pay for one for the Jews, reads an Internet advert calling for a boycott on American products as it flashes the logos of many fast food chains and well-known consumer …

Sarah El Sirgany

Local news takes a backseat to Lebanon

Al-Gamaa Al-Islamiyya denies ties with Al-Qaeda CAIRO: Egypt-based Islamic group Al-Gamaa Al-Islamiyya said they denounce violence and deny having any connections with Al-Qaeda militants, reports the independent Al-Masry Al-Youm on its front page. In a video message broadcast Saturday by Al-Jazeera network, the terror group’s second in command Ayman Al-Zawahri announced what Al-Qaeda deemed “the …

Pakinam Amer

Egypt Islamist group denies uniting with Al-Qaeda

Reuters CAIRO: One of Egypt s most prominent Islamist groups, which waged a bloody campaign in the 1990s, denied on Sunday it had made any alliance with the global Al-Qaeda militant network led by Osama bin Laden. Meanwhile, a former official in Egypt s Al-Gamaa Al-Islamiya said that even if some members had joined Al-Qaeda, …

Cynthia Johnston

A coalition to fight corruption

Transparency International launches activities in Egypt CAIRO: Transparency International (TI), the global coalition against corruption, held a seminar in Cairo to launch their activities in Egypt and to promote an adapted edition of The Source Book on corruption-related issues. The seminar was organized with the Center for Egyptian Women s Legal Assistance (CEWLA) and was …

Maram Mazen

Egypt to protect its quota of Nile water

Meeting to finalize the Nile Basin Initiative postponed to Sept. CAIRO: A meeting scheduled this month to bring together the ministers of water resources from each of the 10 Nile Basin countries to finalize the seven-year-old Nile Basin Initiative (NBI) has been postponed to mid-September. The postponement was agreed upon by member countries because of …

Ahmed A. Namatalla

Protests, demonstrations, a public outcry of anger

What it takes to make patient Egyptians stand up and be counted CAIRO: Egyptians surely rank amongst the most patient and non-confrontational of peoples. But every now and then they get fed up and explode. It happened in 1952 as a result of colonial tensions coupled with the inaction of an opulent monarchy. While King …

Daily News Egypt

Straight talk on the air waves

Radio presenter Ahmad El-Esseily breaks the mold CAIRO: In Egypt, radio presenters are usually nice romantic guys, talking about love and romance in their smooth voices. One announcer, however, has a lot more to offer. Ahmad El-Esseily is famous for his straight talk. Though, he didn t initially set out to follow a career where …

Ahmad Aboul-Wafa