Placing brings Egypt's El Sewedy Cables to market

CAIRO: Major shareholders in El Sewedy Cables raised LE 1.29 billion ($224 million) through a private placing carried out through the Egyptian stock exchange, a company statement said on Wednesday.…

Daily Star Egypt Staff

Taking a stride in the technology race

CAIRO: Under the auspices of Tarek Kamel, minister of communication and information technology, Orascom Telecom (OT) and Intel Capital, the venture capital investment arm of Intel Corporation, announced on Tuesday…

Najla Moussa

Verbal clash continues with Interior Ministry

CAIRO: Muslim Brotherhood members in parliament continue to appeal for what they have called a "confrontation with the Ministry of Interior and the Prime Minister. The Brotherhood says they still…

Pakinam Amer

Zahar says Palestinian extremists collaborating with Sinai bombers are not from Hamas or Jihad

CAIRO: Palestinian extremists who Egypt alleges helped militants carry out terror attacks on Sinai tourist resorts are not connected to the Palestinian groups Hamas or Islamic Jihad, the foreign minister…

Daily Star Egypt Staff

CORRECTION

In the May 24 edition of the newspaper, story entitled "Mubarak lashes out at press over coverage of protests, The Associated Press erroneously attributed critical comments in a newspaper editorial…

Daily Star Egypt Staff

Another postmortem

CAIRO: Speaking earlier at the World Economic Forum on the Middle East, William Rhodes, chairman, chief executive officer and president of Citicorp Holdings and Citibank, said that the ongoing volatility…

Waleed Khalil Rasromani

Interbank rate falls to 8.27 percent

CAIRO: The median overnight interbank rate on the pound was 8.27 percent on Wednesday, down from Tuesday s 8.283 percent although demand for funds to invest at a central bank…

Daily Star Egypt Staff

National Bank of Bahrain looking at Egyptian bank

CAIRO: The Central Bank of Egypt has given National Bank of Bahrain clearance to do a due diligence study on Egypt s Delta International Bank, the Egyptian stock exchange said…

Daily Star Egypt Staff

EU outlines farm moves

Reuters PARIS: The European Union outlined to the United States on Tuesday how it might improve on its agricultural offer in a long-delayed global trade round and said the next…

Daily News Egypt

El-Bastawisy leaves hospital and thanks his supporters

CAIRO: An Egyptian judge reprimanded for blowing the whistle on alleged electoral fraud left the hospital Tuesday morning after heart surgery, his wife said.Hesham El-Bastawisy suffered a heart attack last…

Daily Star Egypt Staff