Latest in Politics Highlight

Advertising Area






Latest in Politics


Rulers restore grip on power, U.S. distracted

CAIRO: Egypt s government is cracking down on pro-reform activists, calculating that Washington s drive to democratize the Middle East has flagged after Islamist successes in Egyptian and Palestinian elections, analysts say. The prospect of civil war in Iraq has also distracted the United States and dampened its enthusiasm for rapid change in countries ruled …

Daily Star Egypt Staff

Mubarak warns U.S. against hitting Iran

CAIRO: President Hosni Mubarak said he had advised the United States against attacking Iran, predicting that Tehran would react through its influence over Shi ite Muslim communities in Arab countries in the Gulf. In remarks to Egyptian newspaper editors published on Wednesday, Mubarak also said an Israeli attack on Iran was most unlikely because Tehran …

Daily Star Egypt Staff

Government modifies meat-importing standards

CAIRO: With the news of the spread of bird flu throughout the country the demand for chicken has plummeted. Meat prices have gone through the roof. In response, the government has announced its plans to import more frozen meat, to the dismay of local poultry traders. It has issued new modifications on importing laws to …

Sarah El Sirgany

Teaching hospitality

CAIRO: The Egypt Tourism Workforce Development Program celebrated the graduation of 119 hotel and restaurant professionals on Tuesday. The program, which is funded by the United States Agency for International Development, is in its second phase. The first phase provided training for approximately 10,000 workers in the tourism industry. The second phase started in October …

Waleed Khalil Rasromani

Bridge connecting Egypt, Saudi Arabia considered

CAIRO: The Egyptian government is considering building a $3 billion, 9.3-mile-long bridge between Saudi and Egypt in the aftermath of the sinking of the Egyptian ferry Salam Boccaccio 98 in the Red Sea on Feb. 3, 2006. According to a media report referred to by the ministry of investment, the tragic incident that garnered massive …

Najla Moussa

Egypt median o/n interbank rate steady at 8.5 percent

CAIRO: The median overnight interbank rate on the Egyptian pound was 8.5 percent on Wednesday, little changed from Tuesday s 8.534 percent, as bankers awaited the result of a central bank note auction. The central bank was auctioning LE 7 billion ($1.2 billion) of 42-day notes. We don t see a lot of action (in …

Daily Star Egypt Staff

Beyond the alphabet

CAIRO: New in the country? Troubled by the fact that you still can’t put together an Arabic sentence? Don’t be too frustrated; most Egyptians can’t do it either. “There is no more than one percent of Egyptians who can put together a correct Arabic sentence, says Mohamed El Sawy, founder of the Zamalek-based El Sawy …

Sarah El Sirgany

Egypt median o/n interbank rate falls to 8.5 percent

CAIRO: The median overnight interbank rate on the Egyptian pound fell to 8.5 percent at a start on Tuesday of a new two-week period for calculating reserves, from 8.842 percent on Monday. Bankers said most dealers had their eyes on an auction of 7-day central bank notes worth LE 4 billion ($670 million), to see …

Daily Star Egypt Staff

Calyon Egypt 2005 net profit rises 63 percent

CAIRO: Calyon Bank Egypt, which is 75 percent owned by French investment bank Calyon, made a net profit of LE 60.5 million ($10.6 million) in 2005, 63 percent up on 2004, the stock exchange said on Tuesday. Calyon is a subsidiary of Credit Agricole. Calyon Egypt s net profit in 2004 was LE 37.1 million. …

Daily Star Egypt Staff

Influencing art

CAIRO: I splashed some colors from a tumbler. Smeared the drab world with emotion. I charted on a dish of jelly the jutting cheekbones of the ocean. “In the beginning of my life, I have read these versus, written by an unknown English poet, when the impact of war influenced the English artists, says Hassan …

Najla Moussa

Kuwait's Global eyes Egypt, plans $1 billion fund

DUBAI: Kuwait s Global Investment House will increase its investment and advisory work in Egypt, which had one of the world s best performing stock markets last year, a senior company official said. Shailesh Dash, senior vice president and head of strategic investment at Global, told Reuters the firm was looking to open an office …

Daily Star Egypt Staff

Trains collide, 20 injured

CAIRO: A train ran into the back of another one in the Nile Delta on Tuesday because of a signal failure and mist, injuring 20 people, officials said. The accident took place near the town of Abu Hummus, which lies on the main line between Cairo and Alexandria and about 150 km (95 miles) northwest …

Daily Star Egypt Staff

For the love a flower

CAIRO: Following frequent visits to a friend’s flower shop, Sally El Torgoman decided to take on this friend’s offer and combined her interest in art and her background in sales and public relations into a partnership in a small scale flower business. El Torgoman, who used to help her friends furnish their houses as a …

Sarah El Sirgany

Tanker spills fuel after Suez accident

ISMAILIYA, Egypt: A Liberian-flagged tanker lost 3,000 tons of heavy fuel in the Suez Canal on Monday after a collision with a quay caused a leak, an official at the canal authority told AFP. The Grigoroussa 1 which was headed south from the Mediterranean suffered a technical failure and drifted before hitting a quay on …

Daily Star Egypt Staff

Protecting ideas

CAIRO: Protecting intellectual property is an intricate challenge. In the world of copyrights and patents, stealing is not a direct physical action involving an object or an individual; it is a simple, unobtrusive process in which, with the push of a button, zeros and ones are transferred and within moments the culprit has the latest …

Waleed Khalil Rasromani

Islamist sees Mubarak's son seeking presidency

CAIRO: A top leader of Egypt s largest opposition group said on Sunday he expected President Hosni Mubarak s son, Gamal, to seek the presidency within two years, citing as evidence the postponement of local elections. Muslim Brotherhood deputy leader Mohamed Habib also told Reuters in an interview that he expected a crackdown on freedoms …

Daily Star Egypt Staff

British Islamists leave Egyptian jail

CAIRO: Three Britons left an Egyptian jail on Tuesday after serving almost four years of their five-year sentences for spreading propaganda for an Islamist group, the mother of one of Britons said. Officials said they would be deported to Britain within 24 hours. The Britons Reza Pankhurst, Maajid Nawaz and Ian Nisbett, were among a …

Daily Star Egypt Staff

U.S. settles with Sept. 11 detainees for $300,000, lawyer says

NEW YORK: The U.S. government has agreed to pay $300,000 to an Egyptian man who was detained for nearly a year following the Sept. 11, 2001, attacks but was never linked to terrorism, his lawyer said. Attorney Haeyoung Yoon, who represents Ehab El Maghraby, said she believed it was the first settlement involving the claims …

Daily Star Egypt Staff

MIBank arranges $254.5 million loan for MOPCO

CAIRO: Misr International Bank (MIBank) has arranged a syndicated loan worth $254.5 million for Misr Oil Processing Company (MOPCO) to build a new fertilizer plant, MIBank officials said on Tuesday. The export-only plant is to be based in Damietta on Egypt s Mediterranean coast, and will have the capacity to produce 635,000 tons of urea …

Daily Star Egypt Staff

Alex Iron and Steel helps Egypt stock market up

CAIRO: Alexandria Iron and Steel helped the Egyptian stock exchange up on Tuesday on continuing interest in Ezz Steel Rebar s plan to increase its stake in the company, brokers said. Alexandria Iron and Steel shares rose LE 175.29 ($30.59) or 11.7 percent to last trade at an all-time high of 1,670. Ezz said earlier …

Daily Star Egypt Staff

Press Round-up

CAIRO: As Egypt’s national press is continuously focused on covering President Hosni Mubarak’s diplomatic visit to the Gulf, with updates of his tour dominating headlines, opposition and independent newspapers are offering more stories related to bird flu, as well as freedom of expression, on their front pages. According to national newspapers, the talks being held …

Pakinam Amer

Beyond the alphabet

CAIRO: New in the country? Troubled by the fact that you still can’t put together an Arabic sentence? Don’t be too frustrated; most Egyptians can’t do it either. “There is no more than one percent of Egyptians who can put together a correct Arabic sentence, says Mohamed El Sawy, founder of the Zamalek-based El Sawy …

Sarah El Sirgany

Egypt median o/n interbank rate rises to 8.65 pct

CAIRO: The median overnight interbank rate on the Egyptian pound rose slightly to 8.65 percent on Monday from Sunday s 8.64 percent in active trade on the final day of the central bank reserve period, bankers said. The central bank measures banks reserves over a two-week period ending on Monday. A new period begins on …

Daily Star Egypt Staff

Imprisoned journalist hopes for a pardon

CAIRO: Local press and human rights organizations are still fuming over the one-year prison sentence handed to an Al-Masry Al-Youm journalist. Opposition and independent newspapers are vowing to relentlessly support their associate, calling on President Hosni Mubarak to immediately intervene. “The verdict is unjust, Abdel-Nasser Al-Zoheiry, the sentenced journalist, tells the The Daily Star Egypt. …

Pakinam Amer

Living in moderation

CAIRO: Being an Islamist is an already assuming task, even in a country that has turned toward Islam in recent years. However, for some, there is a middle road between modernist and Islamist. That path is the chosen route of Walid Ramadan, a Cairo businessman, who expressed his desire to see Egypt become a moderate …

Joseph Mayton

Sharm El-Sheikh to host World Economic Forum

CAIRO: The 2006 World Economic Forum (WEF) will be hosted this year by Egypt from May 20-22 in Sharm El-Sheikh, the country’s red sea tourist attraction. According to a statement issued by the Ministry of Trade and Industry, the WEF decision to come to Egypt “reflects the forum s recognition of Egypt s long-standing commitment …

Najla Moussa