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Latest in Politics


A million little lies

CAIRO: I wake to the drone of an airplane engine and the feeling of something warm dripping down my chin. I lift my hand to feel my face. My front four teeth are gone, I have a hole in my check, my nose is broken and my eyes are swollen nearly shut. I open them …

Najla Moussa

Intact tomb found in Valley of the Kings

CAIRO: An American team has found what appears to be an intact tomb in the Valley of the Kings, the first found in the valley since that of Tutankhamun in 1922, one of the archaeologists said on Thursday. The tomb contains five or six mummies in intact sarcophagi from the late 18th dynasty, about the …

Daily Star Egypt Staff

Moment of pride beckons for Drogba

CAIRO: Ivory Coast striker Didier Drogba says lifting the African Nations Cup in Friday s final against Egypt is a matter of pride. Drogba, wearing the captain s armband in Egypt, has been vital to his team s run to the final, notably scoring the only goal in their semi-final with Nigeria and the penalty …

Daily Star Egypt Staff

A solid turnout

CAIRO: The Orascom companies are experiencing a good week, following a good year. Mobinil, one of the companies under Orascom Telecom Holding (OTH), announced yesterday their full year 2005 results, and Orascom Construction Industries (OCI) announced that it has signed an initial agreement with Sonatrach, the Algerian state-owned oil and gas company. MobiNil reported increases …

Najla Moussa

Protesters warned their lives were in danger

CAIRO: A preliminary report detailing the forced breakup of a Sudanese refugee sit-in at a park in Mohandiseen says protesters were given ample warning by security officials to leave peacefully before the incident turned violent. Last December, police fired water cannons late into the night on the more than 2,000 people gathered in the Moustafa …

Vivian Salama

Money changers stop dealing in Danish crowns

CAIRO: Money changers in Egypt will not accept Danish or Norwegian crowns in protest over cartoons of the Prophet Mohammad that appeared in newspapers in those countries, a professional association said on Thursday. The decision was taken during a meeting of the board of the money changers section of the federation of Egyptian chambers of …

Daily Star Egypt Staff

A chronology of the Sudanese protest crisis

CAIRO: Sept. 29: A small group of around 20 Sudanese refugees, asylum seekers and failed asylum seekers begins a sit-in protest in a park in central Cairo, close to the office of the UN refugee Agency, UNHCR. The protestors carry placards saying “No to voluntary repatriation to Sudan, “We want resettlement and “No to local …

Daily Star Egypt Staff

Egypt median o/n interbank rate steady at 8.35 pct

CAIRO: The median overnight interbank rate on Egypt s pound was 8.35 percent on Thursday, with market conditions little changed from Wednesday when the rate was 8.399 percent, bankers said. Four of seven banks contacted by Reuters had dealt overnight at between 8.3 and 8.4 percent. Rates were between 8.35 and 8.45 percent on Wednesday. …

Daily Star Egypt Staff

Mido banned, teammates claim verdict too harsh

CAIRO: Egyptian striker Mido should not have rowed with team coach Hassan Shehata but his instant six-month ban is too harsh, his teammates said on Wednesday. Mido will miss Friday s African Nations Cup final against the Ivory Coast after his furious exchange with Shehata after being substituted 12 minutes from the end of Tuesday …

Daily Star Egypt Staff

Egypt median o/n interbank rate creeps up to 8.4 percent

CAIRO: The median overnight interbank rate on Egypt s pound ticked up to 8.4 percent on Wednesday from 8.385 percent on Tuesday, traders said. The rates are slightly higher, but there isn t much of a change because there are no new developments in the market, one of the traders said. Four out of the …

Daily Star Egypt Staff

Human rights groups investigate shipping disaster

CAIRO: Alongside an official government investigation, local human rights groups have launched a parallel inquiry into the circumstances under which a ferry sank in the Red Sea on Feb. 3. We ve sent a delegation to the ports of Safaga and Hurghada to investigate the incident and question those responsible, said Tarek Zaghloul of the …

Daily Star Egypt Staff

EFG-Hermes helps drag down stocks

CAIRO: Egyptian investment bank EFG-Hermes helped drag Egyptian stocks down on Wednesday as retail investors sold ahead of a planned capital increase, traders said. The benchmark Hermes index fell 2,560.24 points, or 3.7 percent, to 66,042.04 points. The broader CIBC index ended the session down 2.7 percent at 271.86 points. It s mainly small retail …

Daily Star Egypt Staff

Crash burns onto the silver-screen

CAIRO: The issue of prejudice is not unfamiliar on the silver screen. There have been many films tackling the issue in various ways. Only the unique and well thought-out have claimed box-office success. Crash falls into that category. Arguably one of the best movies of the year, Crash offers a well thought-out script with an …

Farah El Alfy

Industrial development growth in line with far-reaching business plans

CAIRO: The Minister of Trade and Industry, Rachid Mohamed Rachid, announced that industrial investments reached LE 15.0 billion during 2005. Workers, 115,000, were hired and 3,200 new companies were granted establishment licenses. He also added that a draft consumer protection law will be presented to the Peoples Assembly shortly for discussion. According to the quarterly …

Najla Moussa

Cargo ship blocks all traffic in the Suez Canal

CAIRO: A 93,000-ton cargo ship blocked the Suez Canal on Wednesday, stopping all transit of the waterway between the Mediterranean and the Red Sea, a Suez Canal Authority official said. Four tugs have been sent to re-align the Hong Kong-flagged Okal King Dor, which drifted at right angles to the canal about 10 kilometers (6 …

Daily Star Egypt Staff

CIB acquisition finalized

CAIRO: The sale of 18.7 percent of Commercial International Bank (CIB) to a consortium of investors was announced yesterday in a deal worth approximately $230 million. All regulatory approvals for the acquisition have been obtained. The consortium, led by Ripplewood Holdings, Eton Park Capital Management and RHJ International, will purchase the stake at the equivalent …

Waleed Khalil Rasromani

Captain refused to help sinking Red Sea ferry

CAIRO: The captain of a Red Sea ferry has admitted that he steered clear of a doomed ship that sank between Saudi Arabia and Egypt last week, leaving at least 1,000 people feared dead, rather than help rescue survivors so as not to endanger his own passengers. I took the decision not to turn around …

Daily Star Egypt Staff

Nour's wife denied visitation rights

CAIRO: Ayman Nour’s wife and El-Ghad party spokesman, Gamilla Ismail, was prevented from visiting her husband, who is currently in the midst of his sentence in Tora Mazraa Prison; Ismail claims the bar was meant to prevent Nour from submitting articles he had written for the El-Ghad newspaper. Ismail said she had a written permit …

Pakinam Amer

Regulating a free market

CAIRO: Egypt s competition law was first drafted in 1995. Ten years later, after numerous revisions and modifications, the law was finally passed by parliament in February of last year. Mona Yassine, who has been charged with establishing and heading up the new authority that will implement the law, discusses her progress and plans for …

Waleed Khalil Rasromani

Ripplewood to buy stake in Egypt's CIB

CAIRO: A group led by U.S. fund Ripplewood Holdings will buy an 18.7 percent stake in Egypt s Commercial International Bank (CIB) for $227 million to $244 million, a banking source said on Tuesday. It s being sold to a consortium led by Ripplewood, the source, who asked not to be identified, told Reuters, adding …

Daily Star Egypt Staff

Telecom Egypt considers third mobile license bid

CAIRO: Telecom Egypt said on Tuesday it was considering bidding for Egypt s third mobile license, but denied it was holding any talks to sell a stake in Vodafone Egypt to do so. Egyptian daily Al-Alam Al-Youm said Telecom Egypt had begun talks to sell its 25.5 percent stake in Vodafone Egypt, a subsidiary of …

Daily Star Egypt Staff

Coca takes her designs overseas

CAIRO: As though competition within Egypt is not strenuous enough, Jaylan “Coca Ezzat has been providing her interior designing spaces to clients based outside of Egypt, and in other cases been subcontracted by international companies to handle their local projects. But for Coca, designing is a passion and not a competition, although she realizes the …

Sarah El Sirgany

EFG Hermes awarded investment banking deal

CAIRO: EFG-Hermes, a key player on the Cairo and Alexandria Stock Exchanges and a mover and shaker in the industry, is lending its expertise to the MENA region, while at the same time not losing sight of expansion plans at home. To begin with, EFG Hermes announced that it has just been awarded what is …

Najla Moussa

Sending mixed signals

CAIRO: A series of events have unfolded in recent weeks thrusting Muslims and their faith equally into the focus of the media. Islamic scholars, activists and moderates, however, caution that the events making news as of late should be linked neither to Muslims nor the religion in general. Elections in nearly a dozen countries over …

Vivian Salama

Despair for most

SAFAGA, Egypt: It was a long, unhappy weekend in Safaga. Ben Wederman was at breakfast. In person, he looks like Van Morrison. The rest of the media was there as well, TV cameras stuffed under tables. The morning news spread out between plates of scrambled eggs and weak coffee. Fixers scanning and reading the headlines. …

Daily News Egypt

Ferry office ransacked, tear gas fired

SAFAGA, Cairo: Angry Egyptians seeking news of relatives lost aboard the ferry which sank in the Red Sea last week ransacked the office of the vessel s owners on Monday and set fire to the furniture, witnesses said. A crowd of men hurled chairs, filing cabinets and air-conditioning units out of the first floor office, …

Daily Star Egypt Staff

Egyptians want revenge for '86 claims Coly

CAIRO: Hosts Egypt will be out to avenge their defeat by Senegal in the opening match of the 1986 African Nations Cup when they meet in the semi-finals here on Tuesday, claimed the Senegalese captain Ferdinand Coly. The veteran defender told AFP that the Pharaohs had never forgotten the shame of the defeat on home …

Daily Star Egypt Staff

Alcatel to expand international service center

CAIRO: Cairo ICT (Information and Communication Technology) continued yesterday with discussions on various topics including third-generation mobile networks and e-government. Minister of Communications and Information Technology, Tarek Kamel, said at the opening of the conference that the tender for the third mobile license will be announced next week. Two licenses for international calls will also …

Waleed Khalil Rasromani

Rights groups question handling of ship disaster

CAIRO: Indignation is growing over the circumstances under which a passenger ship sank in the Red Sea last week. Critics of the government have questioned the ship’s seaworthiness, the slow pace of rescue efforts and the lack of information provided to victims’ families. The Al-Salam Bocaccio 89 was carrying 1,414 passengers, mostly Egyptian workers, from …

Daily Star Egypt Staff

Press Round-up

CAIRO: With follow-up stories regarding Al-Wafd’s continuing ban gradually shifting out of the public eye, Egypt’s tragic ferry accident, where more than 1,000 are feared to have perished, has dominated the headlines. The Red Sea ferry, returning from Saudi Arabia, sunk early Friday, killing most of its passengers. The ferry had been carrying around 1,400 …

Pakinam Amer