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Egypt’s tourism picks up but wary of troubled European markets

CAIRO: Egypt’s tourism sector has picked up this fiscal year as the slowdown caused by the global economic crisis eased; however, ongoing trouble in European markets is making forecasts for next year less clear. Egypt’s tourism industry will not be deeply affected this year by the ongoing financial turmoil in Europe, Minister of Tourism Zoheir …

Christopher Le Coq

Barnes & Noble 4Q loss widens on e-book push

  Barnes & Noble Inc.’s fiscal fourth-quarter loss widened as it invested in electronic book technology, the bookseller said Monday.   The New York company also forecast first-quarter and full-year earnings below expectations as it plots aggressive moves into the small but fast-growing e-book market. The loss for the three months ended May totaled $32 …

Daily News Egypt

Egypt tightens security around pipeline for Israel-bound gas

CAIRO: Egyptian police beefed up security around a Sinai pipeline that supplies Israel with natural gas after a group of wanted Bedouin threatened to sabotage it, security officials said on Monday. The Bedouin group, which consists of at least a dozen armed fugitives, has clashed with police since its leader Salem Ali Salem, known as …

Daily News Egypt

Ronaldo reaps rewards of fan admiration

CAPE TOWN: Despite having scored only once and produced some peripheral performances in the World Cup group phase, Cristiano Ronaldo managed to be named man of the match three times by public vote. For the first time in World Cup history, the man of the match is being selected by Internet users and Ronaldo’s global …

Daily News Egypt

Kuwait Feb consumer prices fall 0.3 pct m/m

KUWAIT: Kuwait’s consumer prices dipped 0.3 percent month-on-month in February partly on falling food prices in a reversal of course after two months of increases, the Gulf country’s data showed on Sunday. Consumer price growth in the Arab Gulf is expected to pick up again this year as economies in the world’s top oil exporting …

Reuters

Does a plan come together for the A-Team?

“I love it when a plan comes together.” This iconic phrase was first uttered by Colonel John ‘Hannibal’ Smith when “The A-Team” action series debuted on the NBC network in the US in 1983. But did the scriptwriters, producers and director Joe Carnahan (“Smokin’ Aces”) really have a plan when they signed on to make …

Firas Al-Atraqchi

Film stars captivate and capture Tonys

If you weren’t watching the Tonys too carefully, you would have thought they had turned into the Oscars. Sunday’s show was a night for celebrities and for the meaning of celebrity, when Academy Award winners Denzel Washington and Catherine Zeta-Jones took home their first Tonys, and when the most honored play, "Red," was itself a …

AP

Congo and Burundi expected to sign new Nile water treaty

CAIRO: Burundi and the Democratic Republic of Congo (DRC) are expected to sign the Nile Cooperative Framework Agreement that Egypt and Sudan are opposed to and have refused to recognize. DRC and Burundi are the last two countries remaining yet to sign the new treaty after Kenya signed up to the agreement a few weeks …

Abdel-Rahman Hussein

The sour taste of Helmy’s "Black Honey"

Picture this: An Egyptian immigrant to the US returns home for the first time in 20 years. Naively believing that his Egyptian stature atomically grants him certain basic rights and privileges, the man embarks on an accidental odyssey where he comes face to face with every social anomaly plaguing this country. Intriguing huh? That’s what …

Joseph Fahim

Fans lift Carrie Underwood to 2 CMT Awards wins

The fans love Carrie Underwood and they proved it again during the CMT Music Awards. The former "American Idol" champ won Wednesday night’s top honor, video of the year for "Cowboy Casanova," and CMT performance of the year for "Temporary Home" two months after making history by winning her second Academy of Country Music Awards …

AP

Experts weigh in on weakening Egyptian pound

CAIRO: The Egyptian pound has been weakening against the US dollar in the past weeks, reaching LE 5.6607 per dollar, following the euro’s continued decline. Instability in European markets triggered by turbulence in Greece’s economy has led to the depreciation of the euro. The Egyptian pound rose against the euro in recent months by 14 …

Amr Ramadan

Depicting the prayer call

On June 2, Sotheby’s, the world’s most prestigious auction house and art-related financing company, sold one of the most celebrated Orientalist paintings ever created, “Le Muezzin,” by Jean-Léon Gérôme. The painting, which shows a man calling for prayer, has been in the same private collection for over 30 years and it was put on the …

Mariam Hamdy

Vintage McCartney lifts somber White House

Forty-six years after the Beatles invaded America, Paul McCartney rocked the White House Wednesday, honored by President Barack Obama at a star-studded concert celebrating his songwriting legend. Though British Petroleum is target number one for the White House over the Gulf of Mexico oil spill, British pop, in the form of Sir Paul, was more …

AFP

Refinery receives $2.3 bln loan

An Egyptian refining project has accumulated $2.3 billion in debt financing from a consortium led by Asian lenders. At a time when the European and US refining industries are struggling, a group of international export credit agencies and commercial lenders will provide Egyptian Refining with $2.3 billion to develop its $3.7 billion plant. The plant, …

Daily News Egypt

Air Arabia launches first flight out of Egypt

CAIRO: Air Arabia, a regional low cost carrier, launched its Egypt operations Tuesday, with its first flight taking off from Alexandria, its third hub, to Khartoum. The UAE-based carrier will also launch flights to Kuwait, Amman and Beirut, as well as to other destinations further afar within Europe, Africa and elsewhere in the Middle East. …

Christopher Le Coq

Exxon Mobil joins forces with AUC

CAIRO: The American University in Cairo and Exxon Mobil Egypt joined forces and launched an initiative to educate and train 20 teachers and administrators from Hadayek El Maadi Experimental School and Kind Fahd Modern Language School. The signing ceremony honoring the cooperation between both parties was held Monday at the Four Seasons Nile Plaza. Samiha …

Daily News Egypt

Ashraf eyes Zamalek exit

CAIRO: Zamalek striker Sherif Ashraf decided to move away from the Cairo club because he ‘wasn’t given a chance to prove his worth’ last season. The 23-year-old, who joined the Whites from their arch-rivals Ahly in 2007, failed to establish himself as a regular starter over the past three years. Zamalek coach Hossam Hassan usually …

Sherif Tarek

Egypt shuts two Torah Cement production lines

Egypt has shut down two of Torah Cement’s production lines and filed a case on charges the company damaged the environment, the environment ministry said on Tuesday. Torah, majority owned by Suez Cement, the country’s largest listed company, operates one of the oldest cement plants in the country. "Despite providing the firm with all technical …

Reuters

Masked gunmen torch UN summer camp in Gaza

GAZA CITY: Dozens of masked gunmen stormed a UN-run Gaza summer camp early on Sunday and burnt it to the ground, threatening "harsh measures" against the Gaza director of the UN refugee agency. The attackers assaulted a guard, tied him up and left a letter with four bullets threatening UN Relief and Works Agency (UNRWA) …

AFP

Israel releases Hamas MP

JERUSALEM: Israel on Thursday released a Hamas lawmaker arrested nearly four years ago following the kidnapping of an Israeli soldier by Gaza insurgents in a deadly cross-border raid, prison authorities said. Mohammed Abu Teir, a senior Hamas leader known for his bright orange beard dyed with henna, was welcomed by dozens of family members and …

AFP

Mahalla coach questions 'controversial' results

CAIRO: Ghazl Mahalla manager Mohamed Radwan doesn’t seem convinced by his side’s relegation from the Egyptian Premier League as he implied that rival teams may have won controversially. Mahalla needed a win at Harras Hodoud but could only manage a 1-1 draw, while Arab Contractors stunned Petrojet 3-0 at home. Masri and Gouna, who were …

Omar AbdelAziz

Qatar economy rises 8.7 pct in 2009, below forecasts

DOHA: Qatar’s real gross domestic product rose 8.7 percent last year, lower than expected, after 25.4 percent growth in 2008, revised data from the Gulf country’s statistics office showed on Thursday. The 2009 growth figure is lower than 11 percent cited by OPEC member’s deputy prime minister in January. Analysts polled by Reuters have expected …

Reuters

Algeria Cannes film sparks colonial row in France

A film about France’s colonial past in Algeria sparked a row ahead of its Cannes film festival screening, with calls for it to be banned for rewriting history and politicians joining the row on Tuesday. Critics have branded "Outside Of the Law" by Rachid Bouchareb, a filmmaker who was born in France to Algerian parents, …

AFP

Middle East status quo is untenable

AMMAN: During my recent trip to Washington, I had the pleasure of meeting President Obama, House Speaker Nancy Pelosi and numerous other members of Congress. Our meetings recognize 60 years of American-Jordanian partnership. During these decades, American support has helped us address some of our most vital development challenges, expand our trade horizons, and create …

Daily News Egypt

Extradition case based on a lie: Polanski

US film director Roman Polanski broke his silence Sunday over the bid to extradite him to face child sex charges, saying the case was based on a lie and accusing authorities of wanting his head on a plate. In a 900-word statement, Polanski said that he asked "only to be treated fairly like anyone else" …

Daily News Egypt

After the quake, darkness for Haiti's painters

Unlike some of Haiti’s painters, it took Raymond Beauduy two months to return to work after January’s quake. He needed to time to think about what had happened, and he needed a roof over his head. Beauduy, who like many in Haiti’s art scene paints in the Naive style, using bright colors and seemingly simplistic …

Daily News Egypt

Syria's smoking ban leaves cafes empty and pipes abandoned

DAMASCUS: Damascus’s oldest cafe, the Havana, used to be packed with customers whiling away the hours sipping coffee and puffing on a water pipe, but today it is three-quarters empty. Like so many other places in the world, Syria has been hit by a ban on smoking in public places. Smoking nargiles, or water pipes, …

Daily News Egypt

Planting the seeds of Africa’s growth

WEST LAFAYETTE, INDIANA: After decades of bad news, at least three major trends are turning Africa’s way: agricultural policies, rural demography, and farm productivity all promise improved opportunities for farm families across the continent. These trends move too slowly to make headlines, but cumulatively they offer a whole new world of bigger payoffs from public …

Daily News Egypt

Turkey, Syria to hold joint army drills

ANKARA: Turkish and Syrian soldiers will hold joint drills this week to enhance border security cooperation, the Turkish general staff said Monday. The announcement came as yet another sign of the flourishing ties between the two neighbors, came to the brink of war in the late 1990s after decades of hostility. The three-day exercises, starting …

AFP

Mubarak promises fair elections in Sinai Day speech

CAIRO: “I affirm my commitment to the integrity of these elections,” President Hosni Mubarak said at his first televised speech since undergoing surgery in Germany last month. The address was broadcast hours after state television showed him attending a ceremony at a war memorial in the Suez Canal city of Ismailia. Mubarak stressed his commitment …

Safaa Abdoun