Sumed set to become center of international crude oil exchange, says petroleum minister
CAIRO: The Arab Petroleum Pipelines Co. (Sumed) will establish five new storage tankers at Sidi Kreir, the loading terminal at the northern end of the Sumed pipeline, increasing its storage…
Rumors of Libyan man arrested for planning terror attack denied
CAIRO: Egyptian and Libyan officials have refuted reports of the arrest of a Libyan man suspected of planning an attack on the Cairo Metro. Two respective sources denied the claim…
Palestinians riot in Al-Arish airport
CAIRO: Three people were injured, one critically, in a clash Tuesday between Egyptian police and dozens of Palestinians trapped in a north Sinai airport.Approximately 100 Palestinians have been stuck in…
Rice to meet Arab FMs in Sharm end of July
CAIRO: US Secretary of State Condoleezza Rice will meet with Arab counterparts in Sharm El-Sheikh at the end of July, the Foreign Ministry announced Tuesday.The visit is to immediately follow…
NDP to make leadership shuffles after September conference, says MP
CAIRO: The National Democratic Party (NDP) is planning some leadership shuffles after the party's annual conference in September, MP Mohamed Khalil Kwaitah representing the NDP told The Daily Star Egypt.He…
11 independent MPs demand individual bloc
CAIRO: Independent Members of Parliament have once again expressed their wish to be recognized as a distinct bloc within the People's Assembly. Even though the parliament sessions are adjourned until…
Intel introduces Extreme Edition Mobile Processor
Intel Corporation introduced its first Intel Core 2 Extreme mobile dual-core processor - the world's highest-performing mobile processor, according to a statement released to the press. The company also introduced…
Banque Du Caire sale expected to raise $1.6 bln
CAIRO: Prime Minister Ahmed Nazif announced Monday that he expects that privatization of Banque Du Caire to raise more than $1.6 billion.The Central Bank of Egypt (CBE) anticipated the revenues…
Real estate company branches out
Solidere International LTD, a Lebanon-based company, has started work on two development projects in Cairo: one in Sheikh Zayed covering 1.2 million square meters, and the second in Katamya covering…
Experts respond to Egypt's retail attractiveness
CAIRO: Management consulting firm A.T. Kearney has listed Egypt, Saudi Arabia, Tunisia, Turkey, Morocco, and the United Arab Emirates among the top emerging markets for retail investment attractiveness in their…