Sawiris says government should join hands with secular movements to combat political Islam

SHARM EL-SHEIKH, Egypt: Orascom Chairman and Chief Executive Officer Naguib Sawiris have made no secret of his political views. He fears the rise of religious political movements such as the…

Waleed Khalil Rasromani

Intel unlikely to slash jobs in efficiency review

SHARM EL-SHEIKH, Egypt: Intel Corp. is unlikely to shut plants or slash jobs following a top-to-bottom review announced last month to address shrinking market share and slowing computer sales, a…

Daily News Egypt

Brotherhood says Nazif's comments betray reform

CAIRO: Egypt s banned Islamist opposition Muslim Brotherhood said on Sunday comments by the prime minister about preventing its members from standing in future elections proved the government was not…

Daily News Egypt

Arab League chief at WEF: No to nuclear weapons in Mideast

SHARM EL-SHEIKH, Egypt: The Arab League chief on Monday said U.S. charges that Iran wants to build nuclear weapons had no credibility in the Arab world and demanded that the…

Daily Star Egypt Staff

Nazif wants no Brotherhood block in parliament

Reuters SHARM EL-SHEIKH, Egypt: The Egyptian government wants to prevent the Muslim Brotherhood forming a parliamentary group by winning seats as independents in future elections, Prime Minister Ahmed Nazif said…

Jonathan Wright

Egypt mulls pound eurobonds

Reuters SHARM EL-SHEIKH, Egypt: The Egyptian government has started talks with investment banks on the possibility of issuing bonds abroad denominated in Egyptian pounds, Investment Minister Mahmoud Mohieddin said in…

Jonathan Wright

Retail selling pulls stock market lower

CAIRO: A slump in EFG-Hermes shares pulled the wider Egyptian stock market lower on Monday, with a sell-off by small investors expecting a further drop in stock prices weighing on…

Daily Star Egypt Staff

Call center chief sees offshore growth in Egypt

Reuters SHARM EL-SHEIKH, Egypt: The chairman of Egypt s largest offshore call center company said on Sunday his company was growing at 50 percent a year and that in this…

Jonathan Wright

EFG-Hermes chief sees big opportunities in Saudi Arabia

Reuters SHARM EL-SHEIKH, Egypt: The chairman of Egypt-based investment bank EFG-Hermes said on Monday its newly obtained Saudi license was crucial to growth because it expands the company s market…

Jonathan Wright

Court sentences eight to jail over theater fire

CAIRO: An Egyptian court sentenced eight government employees, including the head of a cultural body, to 10 years in jail each on Monday for negligence over a theater fire last…

Daily Star Egypt Staff