Mido banned, teammates claim verdict too harsh

CAIRO: Egyptian striker Mido should not have rowed with team coach Hassan Shehata but his instant six-month ban is too harsh, his teammates said on Wednesday.Mido will miss Friday s…

Daily Star Egypt Staff Daily Star Egypt Staff

Human rights groups investigate shipping disaster

CAIRO: Alongside an official government investigation, local human rights groups have launched a parallel inquiry into the circumstances under which a ferry sank in the Red Sea on Feb. 3.…

Daily Star Egypt Staff Daily Star Egypt Staff

Crash burns onto the silver-screen

CAIRO: The issue of prejudice is not unfamiliar on the silver screen. There have been many films tackling the issue in various ways. Only the unique and well thought-out have…

Farah El Alfy Farah El Alfy

Industrial development growth in line with far-reaching business plans

CAIRO: The Minister of Trade and Industry, Rachid Mohamed Rachid, announced that industrial investments reached LE 15.0 billion during 2005.Workers, 115,000, were hired and 3,200 new companies were granted establishment…

Najla Moussa Najla Moussa

Cargo ship blocks all traffic in the Suez Canal

CAIRO: A 93,000-ton cargo ship blocked the Suez Canal on Wednesday, stopping all transit of the waterway between the Mediterranean and the Red Sea, a Suez Canal Authority official said.Four…

Daily Star Egypt Staff Daily Star Egypt Staff

CIB acquisition finalized

CAIRO: The sale of 18.7 percent of Commercial International Bank (CIB) to a consortium of investors was announced yesterday in a deal worth approximately $230 million.All regulatory approvals for the…

Waleed Khalil Rasromani Waleed Khalil Rasromani

Egypt median o/n interbank rate creeps up to 8.4 percent

CAIRO: The median overnight interbank rate on Egypt s pound ticked up to 8.4 percent on Wednesday from 8.385 percent on Tuesday, traders said. The rates are slightly higher, but…

Daily Star Egypt Staff Daily Star Egypt Staff

EFG-Hermes helps drag down stocks

CAIRO: Egyptian investment bank EFG-Hermes helped drag Egyptian stocks down on Wednesday as retail investors sold ahead of a planned capital increase, traders said.The benchmark Hermes index fell 2,560.24 points,…

Daily Star Egypt Staff Daily Star Egypt Staff

Captain refused to help sinking Red Sea ferry

CAIRO: The captain of a Red Sea ferry has admitted that he steered clear of a doomed ship that sank between Saudi Arabia and Egypt last week, leaving at least…

Daily Star Egypt Staff Daily Star Egypt Staff

Nour's wife denied visitation rights

CAIRO: Ayman Nour's wife and El-Ghad party spokesman, Gamilla Ismail, was prevented from visiting her husband, who is currently in the midst of his sentence in Tora Mazraa Prison; Ismail…

Pakinam Amer Pakinam Amer