El Sewedy to build $50 mln transformer plant
CAIRO: El Sewedy Cables said on Monday it will build a $50 million power transformer plant in Egypt, with production expected to start by April 2008.The Egyptian firm, one of…
Egypt stocks dip, profit-taking hits housing sector
CAIRO: Egyptian stocks slid on Tuesday as a wave of profit-taking hit Heliopolis Housing, which had helped lift the market over the past two sessions on talk that it was…
Three Lebanese soldiers killed in renewed fighting
Associated Press BEIRUT: Three Lebanese soldiers were killed Monday in renewed fighting with militants in a Palestinian refugee camp in northern Lebanon, a senior military official said.The official, speaking on…
Shoura Council elections reach second round
CAIRO: Early Monday polling stations around Egypt opened again for the Shoura Council run-off elections. The second round had 32 candidates contesting the remaining 16 seats in Al-Beheira, Assuit, Cairo,…
Abu Omar's CIA trial in Italy adjourned to October 24
MILAN: A court in Milan on Monday adjourned until October 24 the trial of 25 CIA agents and a US air force colonel accused of kidnapping an Egyptian terrorism suspect,…
Various scenarios possible for Palestine, say experts
CAIRO: There are three possible outcomes to the recent events in Palestine, says Waleed Kazziha, professor of political science at the American University in Cairo.The unity government between Fatah and…
Hundreds flee Gaza to Israel as Rafah crossing stays shut
Bush and Olmert meet to discuss recent eventsCAIRO: Hundreds of Gazans, attempting to flee into Israel through the Erez crossing after the Strip was taken over by Hamas, have been…
Extradited former Egyptian terrorist suspect demands LE 23 million from Sweden
CAIRO/STOCKHOLM: Mohammed Alzery, an Egyptian citizen and former asylum seeker who in December 2001 was extradited to Egypt from Sweden along with fellow Egyptian Ahmed Agiza by the CIA on…
Corporate governance: a small cost that goes a long way
CAIRO: Want to make your enterprise healthier and more sustainable? Two words: corporate governance.A firm's corporate governance affects its economic performance and its ability to access long-term, low-cost investment capital.…