Stronger dollar could weaken Egyptian pound, say economists
CAIRO: Economists expect the US dollar's month-long rally against the Egyptian pound to remain intact, as Europe appears to be slipping closer towards recession."We think that the pound will weaken…
Morgan Stanley upgrades Telecom Egypt
CAIRO: Morgan Stanley upgraded Telecom Egypt to "overweight from "equal weight on valuation and said tariff rebalancing in the second half of 2008 should help the company stabilize earnings.The investment…
Egypt economic growth hits 7.2 pct, says Finance Minister
CAIRO: The economy emerged from last fiscal year, which ended June 30, by growing at a 20-year-high of 7.2 percent, Finance Minister Youssef Boutros-Ghali said on Sunday. The figure leapfrogged…
Nobel laureatue Pamuk publishes latest novel
ISTANBUL: Turkey s first Nobel laureate Orhan Pamuk launched his latest novel this weekend in Turkey, "The Museum of Innocence, a love story between a rich man and a poor…
'Dark Knight' swings past $500 million mark
LOS ANGELES: Batman s rich alter-ego Bruce Wayne has added half a billion dollars to his riches. The Dark Knight on Sunday became the second movie in Hollywood history to…
Rosalind Belben's ''Our Horses in Egypt" wins literary award
LONDON: Novelist Rosalind Belben and first-time biographer Rosemary Hill have won Britain s oldest literary award, the James Tait Black Memorial Prizes, the University of Edinburgh announced.Belben won the fiction…
Sounds from the music factory
Soda cans, rice, barrels and bottles. At first glance, this looks like a grocery list. But with Al Masna' (The Factory) dance troupe, these items were transformed into musical instruments…
Is Israel one disaster from collapse?
NEW YORK: Israelis are not united in supporting their government's policies of a four-decade festering occupation of Palestinian, Syrian and Lebanese territories. The occupation is costly, morally troubling and beyond…
Is inflation the right battle?
BERKELEY: The Federal Reserve and other central banks are coming under pressure from two directions these days: from the left, they are pressured to do something to expand demand and…