Scholars call for inclusion of all beliefs in Azhar document as others slam it
By Heba Fahmy CAIRO: While experts hailed an Al-Azhar document issued last month, labeling it a step toward restoring the Islamic institution’s status, they expressed some reservations during a press conference…
EIB to loan Egypt 1.5 bln euros, diversify portfolio to reflect new realities
CAIRO: The European Investment Bank (EIB), the EU’s main financing institution jointly owned by the 27 European Union countries, plans to offer €6 billion in loans to the Arab region…
Zimbabwe music star becomes UN goodwill ambassador
Zimbabwean music superstar Oliver Mtukudzi's lyrics have delved into child abuse and homeless youngsters living on the streets. Now he's been chosen to serve as a goodwill ambassador for the…
Nice guy Felton bids farewell to bad boy Draco
The bad boy of Hogwarts clearly is good at his job. In person, Tom Felton is as amiable as they come, yet he spent his youth believably playing a creep…
Maria’s for Mexican: Authentically stellar cuisine
I will feign deafness if I ever hear someone criticizing the concept of a fine dining Mexican restaurant in Egypt. Tex-Mex fried mozzarella sticks and buffalo wings from Chili's is…
Egypt seen pressured; Gulf investors worried
CAIRO/DUBAI: Egypt's market looks set to be buffeted again next week by the political turbulence that weighed on the benchmark index, pushing it down more than 7 percent in the…
Citadel to proceed with capital raise plans
CAIRO: Egyptian private equity firm Citadel Capital said on Thursday the regulator had agreed to its plans to call a shareholders' meeting that will seek approval to raise its capital.…
Egypt: Taking matters into its own hands
By Oxford Business Group With its recently passed budget for the 2011/12 fiscal year, Egypt has established a revised set of ambitious targets for tackling its public expenditures. Having rebuffed aid…
ERC sees occupancy rates creeping up
By Reem Abdellatif CAIRO: Egyptian Resorts Company (ERC), a developer of mega communities, is seeing occupancy slowly return after the January 25 Revolution, with a 40-50 percent capacity. “The first couple…
Interior minister terminates service of 669 officers, denies police snipers shot protesters
By Mai Shams El-Din CAIRO: The Ministry of Interior terminated the service of 669 police officers, including those implicated in the killing of peaceful protesters during the Jan. 25 uprising in…
