BMW adds model to local assembly line
CAIRO: BMW announced this week that it will add a new model to the two that are currently assembled in Egypt. The company also released its sales figures for 2005,…
A million little lies
CAIRO: I wake to the drone of an airplane engine and the feeling of something warm dripping down my chin. I lift my hand to feel my face. My front…
A solid turnout
CAIRO: The Orascom companies are experiencing a good week, following a good year. Mobinil, one of the companies under Orascom Telecom Holding (OTH), announced yesterday their full year 2005 results,…
Protesters warned their lives were in danger
CAIRO: A preliminary report detailing the forced breakup of a Sudanese refugee sit-in at a park in Mohandiseen says protesters were given ample warning by security officials to leave peacefully…
Money changers stop dealing in Danish crowns
CAIRO: Money changers in Egypt will not accept Danish or Norwegian crowns in protest over cartoons of the Prophet Mohammad that appeared in newspapers in those countries, a professional association…
A chronology of the Sudanese protest crisis
CAIRO: Sept. 29: A small group of around 20 Sudanese refugees, asylum seekers and failed asylum seekers begins a sit-in protest in a park in central Cairo, close to the…
Egypt median o/n interbank rate steady at 8.35 pct
CAIRO: The median overnight interbank rate on Egypt s pound was 8.35 percent on Thursday, with market conditions little changed from Wednesday when the rate was 8.399 percent, bankers said.Four…
EFG-Hermes raises valuation for OT
CAIRO: Investment bank EFG-Hermes raised its long-term fair value estimate for Orascom Telecom (OT) to LE 437 ($76.27) a share because of what it called OT s aggressive growth strategy.EFG-Hermes…
Intact tomb found in Valley of the Kings
CAIRO: An American team has found what appears to be an intact tomb in the Valley of the Kings, the first found in the valley since that of Tutankhamun in…
Moment of pride beckons for Drogba
CAIRO: Ivory Coast striker Didier Drogba says lifting the African Nations Cup in Friday s final against Egypt is a matter of pride.Drogba, wearing the captain s armband in Egypt,…
