Suez dredger sinking kills two, canal shut briefly
ISMAILIA: An Egyptian dredger sank in the Suez Canal on Wednesday, killing two of the 45 crew and prompting a brief closure of the busy international waterway as rescuers searched…
Stocks slightly higher, housing sector up
CAIRO: Stock indexes rose slightly on Wednesday as the housing sector surged, led by gains in Sixth of October Development and Investment (SODIC), which plans a capital increase, traders said.…
Mansour appeals to investors to upgrade transportation
No plans to privatize railroads; $1 billion transport holding company establishedCAIRO: Minister of Transport Mohamed Mansour says the planned LE 8.5 billion upgrades to the country s 100-year-old railway system…
Egyptian security forces seize weapons on Gaza border
RAFAH: Egyptian security forces on Tuesday discovered a cache of weapons on the Gaza border destined to be smuggled into the Palestinian territories, security sources said. Thirty-two automatic rifles, around…
Opposition forces say American president's statements imply he wants Gamal in office
CAIRO: U.S. President George Bush's praise for a group of top National Democratic Party (NDP) members close to the president's son and high-profile NDP figure Gamal Mubarak has sparked angry…
Egyptian market priority for Nokia
The company s strategy in the upcoming phase and the tastes of local consumersCAIRO: With the number of current mobile phone subscribers topping 14 million and with the new third…
Egypt's Attaka to buy state-owned Suez Steel
CAIRO: Egyptian steel company Attaka has won a deal valued at LE 1.1 billion ($192 million) to buy the state s 82 percent stake in Suez Steel, state news agency…
India's Marico buys Egyptian hair product brand
MUMBAI: Indian consumer goods maker Marico Ltd. said on Wednesday it had bought Fiancee, a hair care brand owned by Egypt s Ready Group, for an undisclosed sum. The Fiancee…
AUC's library receives grant to preserve collections
CAIRO: The American University in Cairo s Rare Books and Special Collections Library has received a grant of $127,450 (just over LE 731,500) from the U.S. National Endowment for the…
Cairo Opera House hosts Cuban national ballet company performing "The Magic of Dance"
CAIRO: The Ballet Nacional de Cuba is presenting "The Magic of Dance in Cairo and Alexandria over the next coming few days. Considered to be one of the most prestigious…