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Latest in Politics

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

Detention for activists extended a third time

CAIRO: On Saturday, two groups of detainees from earlier demonstrations saw their time in prison extended. A group of activists detained in April and another group detained two weeks ago both had another 15 days slapped on them. The acclaimed blogger, Alaa, was amongst the second group. “I don’t expect him to get out on …

Joseph Mayton

Interbank rate falls to 8.05 percent

CAIRO: The median overnight interbank rate on the pound dipped to 8.05 percent on Sunday from Thursday s 8.067 percent with no new auctions to affect demand close to the end of a reserve period, traders said. The present period for calculating banks reserves ends on Monday and a new one begins the following day. …

Daily Star Egypt Staff

Strict security measures invoked to secure Sharm and Hurghada

CAIRO: Security forces embarked upon a widespread campaign to deport low-rank and construction workers from the Red Sea cities of Sharm El-Sheikh and Hurghada prior to the beginning of the World Economic Forum on the Middle East. The forum began Saturday and is being held until May 22, under the heading “The Promise of a …

Magdy Samaan

Local holiday destinations offer more than affordable prices

CAIRO: There are many things Egyptians can look forward to with the onset of summer: ideal weather, outdoor cafes, a jump-start to the summer and an abundance of holidays. “Spring is one of the best seasons for travel, says Mohammed Al Rifai, director of sales at Eastmar Travel. “The weather is accommodating to most of …

Najla Moussa

Orascom says to bid for third Saudi mobile license

SHARM EL-SHEIKH, Egypt: Orascom Telecom will be among bidders for a third mobile phone license in Saudi Arabia, but does not intend to take a large stake, Chairman Naguib Sawiris said on Saturday. Saudi authorities plan to grant new mobile and fixed-line licenses by the end of the year, breaking a monopoly of Saudi Telecom …

Daily News Egypt

Spurring development

CAIRO: Ask any random passer by on an Egyptian street if they are familiar with the name Sawiris, and the answer will be more often than not a definite yes – the name is almost as, if not as, well known as the Mubaraks. The office, from a first impression, is unassuming. Taking a seat …

Daily News Egypt

Baghdad Bound for Hollywood

A young Egyptian takes a life-changing journey from Kuwait City to Baghdad, and then onto the silver screen CAIRO: It’s 2003. The advent of the Iraqi war is being predicted by political and military advisors everywhere. The atmosphere in Kuwait is unsettling. Many citizens and residents are still scared from the Iraqi invasion in ’91 …

Wael Elazab

Present and Tense: Donuts anyone?

For years I thought I could have it all. Selling arms in the morning and acting as an undercover power broker at night; helping former dictators pick up the pieces of their sad lives then encouraging civil society to step into the foray and set things right. Even those two weeks I say I go …

Nabil Shawkat

WEF highlights regional image problem

CAIRO: Some 1,200 leaders from the Arab world and beyond are due in Sharm El-Sheikh this morning to kick off the World Economic Forum. Under the theme “The Promise of a New Generation, President Hosni Mubarak is due to inaugurate the summit, the first “Davos to be held in Egypt. As with previous WEF conferences, …

Vivian Salama

Moving in the right direction

CAIRO: While no one can deny that the investment climate in Egypt has significantly improved since the government undertook a few bold measures starting in 2002, the year that Egypt opened its economy to the private sector, investments in Egypt have yet to reach their peak. In an exclusive interview with The Daily Star Egypt, …

Najla Moussa

Key Sinai bombing suspect killed in blast

CAIRO: A leader of an Islamist group blamed for a spate of deadly attacks in tourist resorts in the Sinai Peninsula over the past two years was killed in an explosion on Friday, a security source said. Arafat Ouda Ali died as a device he tried to hurl at security forces closing in on his …

Daily Star Egypt Staff

Following up on a nationwide "makeover"

CAIRO: As part of a national plan to “makeover Egypt so that the country can compete on a global scale and face the challenges bought on by globalization, the Egyptian government has returned its attention to the small and medium enterprise (SMEs) sector, representing a big chunk of the productivity of the Egyptian economy. According …

Najla Moussa

Oriental Weavers sets its sights on growth and is flourishing

CAIRO: As you enter the Oriental Weavers (OW) International factory in 10th of Ramadan City, you are greeted with a black glass pyramid. Inside lays the first carpet weaving machine OW founder Mohamed Farid Khamis used. Back in 1979, when OW first saw the light, weaving machines could only take a handful of colors in …

Sarah El Sirgany

Libyan wedding in Egypt

  ŠΘ # # # Nawal El Degwy, Dr Abdel Aziz Hegazy and Mrs Wagih El Degwy # # Waleed Tawfik entertained the guests who danced all night along. Here he is with the bride and groom

Daily Star Egypt Staff