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Latest in Politics


Stocks rise ahead of Orascom Telecom results

CAIRO: Stocks rose on Sunday, led by rising interest in Orascom Telecom on optimism over an expected rise in the company s net profit for the first half of 2006, traders said. The market went up today basically on the back of OT, which rallied and carried a lot of weight, and this is related …

Daily Star Egypt Staff

Interbank rate drops to 8.35 percent

CAIRO: The median overnight interbank rate on the pound fell on Sunday to 8.35 percent from Thursday s 8.397 percent as banks shunned the market in favor of high-yielding central bank instruments, traders said. Today I noticed there are no auctions to cause a drop in liquidity. But the impact of last week s auctions …

Daily Star Egypt Staff

New investors join investment wing of CIB

CAIRO: Investors including businessman Naguib Sawiris are pooling their investment banking and brokerage operations with Commercial International Bank (CIB), a statement said on Sunday. Sawiris and Oasis Capital will buy equity in Commercial International Capital Holding (CICH), which owns CIB s brokerage, asset management and investment banking operations. Sawiris is chairman of regional mobile phone …

Daily Star Egypt Staff

New Consumer Protection Law in effect today

Raising awareness the first major challenge for NGOs CAIRO: More than 60 consumer protection NGOs will begin implementation of the country s first consumer protection law today. Ratified in May, the law requires businesses to accept returns and exchanges within 14 days as long as a receipt is presented, and stipulates fines from LE 5,000 …

Ahmed A. Namatalla

Hundreds of Palestinians wait to cross into Gaza as border passage opens

Associated Press RAFAH: The Egypt-Gaza border crossing opened Saturday, giving hundreds of stranded Palestinians the chance to return to the Gaza Strip for the first time in a month. Egyptian tourism police Capt. Amr Osama said the crossing will be open for two days in both directions. Several hundred Palestinians gathered in front of the …

Daily News Egypt

Seventeen members of Muslim Brotherhood detained

CAIRO: Security forces detained 17 members of the banned Muslim Brotherhood on Saturday, security sources said, in a fresh step targeting the country s strongest opposition movement. The sources said the Brotherhood members were arrested at a home in Manoufiya province north of Cairo. They said authorities found anti-government books and pamphlets in the home. …

Daily Star Egypt Staff

Egypt warns against any military strike on Iran

CAIRO: President Hosni Mubarak warned against any military strike on Iran in an interview published on Saturday. The United Nations Security Council has demanded Iran suspend uranium enrichment by the end of the month after Tehran failed to persuade the international community its atomic scientists were working on power stations, not bombs. Washington has declined …

Daily Star Egypt Staff

The bigger the better

Belated but certainly in need, will be Egypt’s upcoming financial assistance to Lebanon. Egypt and Lebanon will play a friendly football match on Sept. 5 in Cairo, the proceeds of which will go to the reconstruction of Lebanon which has been blitzed by Israel for 32 days. More officially, Egypt is to play Burundi, a …

Alaa Abdel-Ghani

Mobinil awards Thanaweya Amma top students

CAIRO: In line with its role as one of the leading corporate citizens, Mobinil has honored the top achievers of the Thanaweya Amma, the Egyptian high school certificate for the eighth consecutive year. Following seven-year tradition, the company is co-sponsoring the top achievers’ trip to Europe, which aims to reward them for their perseverance as …

Daily Star Egypt Staff

Agami days

  ŠΘ # # # His concert was a huge hit as many celebrities attended and the beach was packed with fans, here are Youssef Shaban, Reem, Shahd, and Walid # # Alouna, Hassan Ghiwiba, Samir Sabry and Mirvet Imam

Daily Star Egypt Staff

Naguib Mahfouz's condition improves

CAIRO: The condition of world renowned Egyptian writer and Nobel literature prize winner Nagib Mahfouz has improved slightly, medics said Thursday, just days after he was put in intensive care. Mahfouz, 94, has begun to regain consciousness and was able to recognize visitors at Cairo s Police Hospital, where he is being treated for kidney …

Daily Star Egypt Staff

Life in Egypt without a visa

Filipino domestic workers still come to Egypt to work, despite warnings from the Philippine government CAIRO: There are thought to be 4,178 Filipinos currently living in Egypt, of which 2,300 are said to have complete travel papers; the other 1,878 are thought to be illegal immigrants. The risks of working in Egypt are high and …

Daily News Egypt

Ceasefire but no resolution for Lebanon

Hezbollah claims victory, but UN Resolution 1701 is a defeat for Lebanon’s sovereignty CAIRO: The cease-fire that began at 8 a.m. local time last Monday between Hezbollah and Israel was founded on UN Resolution 1701, which provides Israel with an international force to protect its borders and removes Lebanon’s right to defend itself from an …

Daily News Egypt

Present and Tense: Foot massage

Mike Buchanan was thrilled with my presentation. It’s been only two days since we met at Camp David, and already the director of BATS (Board for Air Traffic Safety) was a big fan. “Your ideas will revolutionize modern travel for a long time to come, he said as we took a stroll around the golf …

Nabil Shawkat

Satisfying a craving

Zamalek’s Crave combines fusion cuisine with excellent accommodating service CAIRO: There are countless options for where to go for a casual dinner in Cairo. We do, however, tend to fall into a rut and go to the same couple of restaurants over and over again. If you’re looking for somewhere new to go, they try …

Aida Nassar

They will never take our broadband

Microsoft and Google are vying for your futures CAIRO: This year has seen both Microsoft and Google lining up with the Middle East. Each is tied into a global audience and intends to build on it; each is increasingly aware of the Arab demographic and what it means to their futures. Both have markedly different …

Wael Elazab

Why French women don’t get fat while Egyptians do

Life style and food draw a line between the cultures of the two countries CAIRO: French women are known for their elegance, sophistication and slimness. In France, an overweight woman is an exception rather than the norm. In Paris, where the cream of the French crop reside; it’s practically unseen. So fascinated are people about …

Najla Moussa

Iraq arrests five Egyptian "terrorists"

BAGHDAD: Iraqi police have arrested five Egyptians in a raid against suspected terrorists in war-torn Baghdad, the office of Prime Minister Nouri Al-Maliki announced Friday. National police commandos arrested an Iraqi along with the Egyptians, the statement said, without giving further details of the operation. The U.S. military maintains that the largest number of foreign …

Daily Star Egypt Staff

CASE responds to ceasefire with reserve

Index flattens after flurry of activity during conflict CAIRO: After a full week of sideways trading, Cairo & Alexandria Stock Exchange (CASE) investors were beginning to wonder if the trend meant the end of the rally experienced by the CASE 30 Index over the past month. And it all showed on Thursday when, by midday, …

Ahmed A. Namatalla

Etisalat eyes international license in Egypt

The consortium also includes Egypt Post, Al Ahli Bank and CIB Dubai: The Etisalat-led consortium, which recently won the third mobile license in Egypt, is currently in negotiations with the Egyptian National Telecommunications Regulatory Authority (NTRA) to obtain an international telecommunication service licence, a top Etisalat official said. Mohammad Omran, chairman of Etisalat, told Gulf …

Daily Star Egypt Staff

KCBT wheat futures lower in early moves

Loses extended after news that Egypt purchased Canadian wheat KANSAS CITY: Hard red winter wheat futures at the Kansas City Board of Trade were lower in early moves on Friday, extending losses after news that Egypt bought Canadian wheat, traders said. At 9:50 a.m. CDT, wheat futures were 2-8 cents lower, with the September wheat …

Daily Star Egypt Staff

Muslim cleric wants shutdown of Danish paper

COPENHAGEN: Egypt s top Sunni Muslim cleric on Friday called for the editor of Jyllands-Posten, the Danish daily that published cartoons of the Prophet Mohammad, to be imprisoned and for his newspaper to be closed down. The cartoons were first published in Jyllands-Posten last September and then reprinted by other media in Europe and the …

Daily Star Egypt Staff

Abbas says reached deal with militants on "calm"

Egyptian shot, injured near border GAZA: Palestinian President Mahmoud Abbas said on Thursday armed groups had agreed to stop firing rockets into Israel from Gaza, but militants said such a move would be dependent on Israel halting its offensive. Yesterday all factions met and agreed on calm and stopping all actions that may give others …

Daily Star Egypt Staff

Press Round-up: Cease-fire in Lebanon still dominating local headlines

CAIRO: The latest news of the Israeli-Lebanese war continues to find its way into front page headlines. Newspapers report on what some of them have described as “the disorder during the deployment of the United Nations international peacekeeping forces and Lebanese army in the south. Even as part of its forces withdraws, Israel insists that …

Pakinam Amer

Lebanese troops begin deploying south of Litani River

Former Egyptian consul to Israel escapes attempt on life MARJAYOUN, Lebanon: Lebanese troops, tanks and armored vehicles deployed south of the Litani River on Thursday, a key provision of the UN cease-fire plan that ended fighting between Israel and Hezbollah. The deployment marks a first step toward extending government control in a region Lebanese troops …

Daily Star Egypt Staff

Egyptians continue to take to the streets in support of Lebanon

CAIRO: El-Tagammu, an Egyptian leftist party, organized a protest in support of Lebanon Wednesday in Talaat Harb Square in downtown Cairo. The protest was relatively short, compared with other demonstrations. It lasted for half an hour, ending peacefully when the protestors left to return to the close by party headquarters. The crowd was shouting chants …

Maram Mazen

Egypt to help restore Palestinian electricity

CAIRO: Egypt will assist the Palestinian Authority in restoring part of its electrical power supply, an Energy Ministry spokesman said on Wednesday. Egypt would deliver and install electrical transformers to a power station in Gaza, to replace transformers damaged by Israel during recent violence, ministry spokesman Aktham Aboul Ela told Reuters. The seven Egyptian-made electrical …

Daily Star Egypt Staff