Egypt sales firm sues Mitsubishi Motors for $900 mln
TOKYO: Japan s Mitsubishi Motors Corp said on Monday an Egyptian sales firm is suing it for $900 million in damages, complaining it unfairly ended a distribution contract.Separately, the Japanese…
Second phase of PHD capital increase oversubscribed
CAIRO: Egyptian real estate developer Palm Hills Developments said in a statement that the second round of its capital increase rights issue launched earlier this month was over-subscribed more than…
Egypt index falls as Mobinil dips third day
CAIRO: Egypt's benchmark index ended 0.4 percent lower on Monday, pulled down by heavyweight telecoms operator Mobinil, which dropped 2.5 percent. It is Mobinil's third day of declines since its…
Egypt: Reducing automobile tariffs
CAIRO: The Egypt automotive industry has staged a comeback in the first months of 2010, following disappointing sales figures in 2009. This strong performance appears to dispel the worry that…
'Bodyguards and Assassins' dominates HK awards
An action thriller about a group of volunteers who protect modern China's founding father from imperial assassins dominated the Hong Kong Film Awards, winning best film and seven other awards."Bodyguards…
An evening with the slammers
Six sharp-tongued, witty spoken-word artists from both the western world and Egypt stood side by side on Thursday at the Cairo Opera House's lawn area, for one off-kilter poetry recital.…
Israeli policy-makers, take note
What General David Petraeus said in his testimony before the Senate s Armed Services Committee on March 16, and the manner in which his statement was quoted, represented and interpreted,…
Credit default swaps on trial
CHICAGO: The lawsuit filed by the US Securities and Exchange Commission against Goldman Sachs for securities fraud, charging the bank with misrepresenting the way a collateralized debt obligations (CDO) had…
Encountering peace: The disposal of myths
JERUSALEM: Too much of what is commonly known about the Israeli-Palestinian conflict is generated by the constant repetition of truisms that fit the justifications of one side's explanations. Too few…
Case of the Christian accused of raping a Muslim girl adjourned until April 21
CAIRO: The Criminal Court in Qena adjourned on Monday the case of Girgis Baroumi, an 18-year-old Copt, accused of raping a 12-year-old Muslim girl in Farshout until April 21.The court…