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Latest in Politics


Egypt median o/n interbank rate steady at 8.45 pct

CAIRO: The median overnight interbank rate on the pound rose to 8.45 percent on Tuesday from Monday s 8.365 percent with pound demand stronger at the start of a new central bank reserve ratio period, bankers said. Four of seven banks contacted by Reuters had dealt overnight at rates of between 8.3 to 8.65 percent. …

Daily Star Egypt Staff

Taking back the roads

CAIRO: Proving that saving lives is a serious part of their business, British Gas (BG), one of the leading gas companies in Egypt with over $4 billion worth of investments, is once again sponsoring the second International Road Safety and Traffic Management Exhibition that will take place at the Cairo International Conference Center (ICCC) beginning …

Najla Moussa

What the newspapers are saying

CAIRO: The continuously unfolding events regarding Egypt’s ferry accident still dominate the headlines of national and independent newspapers. In response to the tragedy, the government promises a thorough investigation supervised by a Parliamentary committee. More than 1,000 Egyptians are dead or missing in a Red Sea ferry accident that occurred less than 10 days ago. …

Pakinam Amer

Egypt warns against clash of civilizations over cartoons

CAIRO: Egypt called Monday for urgent dialogue between the West and Muslim countries to avert a clash of civilizations over the world crisis about cartoons depicting the Prophet Mohammed. “We are witnessing the early signs of a campaign and a clash between the West and Islam, Foreign Minister Ahmed Abul-Gheit said at the opening of …

Daily Star Egypt Staff

Egypt delays local elections, Islamists cry foul

CAIRO: Egyptian authorities have postponed local elections for two years in a move opposition Islamists said on Monday was designed to maintain the ruling party s monopoly over presidential nominations. The delay means that if current President Hosni Mubarak, 77, were to die or step down, the ruling National Democratic Party (NDP) would be the …

Daily Star Egypt Staff

Credit where credit is due

CAIRO: At approximately 9:00 pm Friday night, Mohamed Aboutrika sent his penalty shot into the back of the net, bringing Egypt the African Cup of Nations title. Egyptian goalkeeper Essam Al Hadari raced after Aboutrika immediately following the goal, and the celebrations began. At the stadium, across Cairo and throughout Egypt, people came together in …

Joseph Mayton

BBC reaches out to Arab youth

CAIRO: “Your future . Who decides it? is a question on the minds of many Arab youths. While it is troublesome for youngsters, it is also an intriguing question for the older generation, who find it difficult to come up with an informative or satisfactory answer. BBC Arabic will try its hand at providing an …

Sarah El Sirgany

Egypt to offer 20 pct of Bank of Alexandria on bourse

CAIRO: Egypt will sell 20 percent of Bank of Alexandria on the stock exchange, 5 percent to employees and the rest to a strategic investor, the bank s head said in remarks published on Sunday. Mahmoud Abd Ellatif, Bank of Alexandria chairman, told Al Alam Al Youm newspaper, large investors would within two weeks be …

Daily Star Egypt Staff

Retail panic pulls down stocks

CAIRO: Small investors panicked by falling Egyptian stock prices pulled the market lower still on Monday in a bout of selling, traders said. “A lot of the prices are being broken too easily. There are no support levels, Yasser Hassanein of Dynamic Securities said. The benchmark Hermes index dipped 2,160.97 points, or 3.3 percent, to …

Daily Star Egypt Staff

Students at Al-Azhar University protest cartoons lampooning prophet

CAIRO: Thousands of Al-Azhar University students demonstrated Monday at their campuses in Cairo and the southern city of Assiut, denouncing the caricatures of Islam s prophet and warning that those who published the drawings have opened the gates of hell on themselves. The protests at Al-Azhar University, the oldest and most important seat of Sunni …

Daily Star Egypt Staff

The Arab world's love-hate relationship with St. Valentine

CAIRO: Whether you’ve chosen to run through the streets professing your joy, or lock yourself in a closet, Valentine’s Day is once again upon us. Viewed by many as a “Hallmark Holiday, as it is called in the United States, named after the country’s largest greeting card maker, cupid has made his mark on lovebirds …

Vivian Salama

My ticket, my seat

CAIRO: After a troublesome journey to get tickets for the African Cup of Nations final, I arrived at the stadium last Friday holding my ticket. Standing amid hundreds of others . Just holding our tickets. We were denied entrance on the grounds that the stadium was full. They were right; the stadium was packed. In …

Sarah El Sirgany

Mummies found at Egypt's Valley of the Kings

CAIRO: Five mummies in wooden sarcophagi and colored funeral masks from the 18th Pharaonic dynasty were discovered by a US team from the University of Memphis, in the Valley of the Kings in Egypt on Friday. This is the first such discovery since the grave of Pharaoh Tutankhamen was uncovered in 1922. The mummies were …

Daily Star Egypt Staff

One to remember

CAIRO: The 25th African Cup of Nations produced many memorable moments throughout three weeks of highly-competitive football, with Egypt winning the prestigious title for the fifth time and setting a new record of winning the title. Backed by an eager crowd of 74,100 at Cairo International Stadium, the pharaohs faced Ivory Coast; a young vigorous …

Daily News Egypt

Football fever

CAIRO: The only thing people are able to talk about these days is Egypt’s fantastic defeat over the African nations. “Our land, Our Cup, said one of the artistic banners at the very first match, which is one of many creative slogans that people came up with to support our team during the African Cup …

Farah El Alfy

European Union envoys tour Toshka

CAIRO: Thirty envoys from the European Union concluded a two-day tour of the Toshka Project. The envoys, representing a range of countries, from Russia to Japan, were invited to tour the project courtesy of the Holding Trade Company in cooperation with the Egyptian Business Counsel, the Minster of Investment and the Chairman of the Egyptian …

Najla Moussa

The Struggle for a new social contract

CAIRO: Business as usual just isn’t going to cut it anymore. That is the core message of Egypt’s Human Development Report for 2005. The in-depth study released yesterday by the United Nations Development Program (UNDP) in collaboration with Egypt’s Institute of National Planning, calls for the intense modernization of social services and utilities for ensuring …

Vivian Salama

AUC grants El Baradei honorary doctorate

CAIRO: International Atomic Energy Agency (IAEA) Director General Mohammad El Baradei left Cairo Friday for the Austrian capital Vienna after a several days visit to Egypt. President Hosni Mubarak held a ceremony to honor El Baradei, who won the 2005 Nobel Peace Prize. El-Baradei is the fourth Egyptian to win a Nobel Prize, after late …

Daily Star Egypt Staff

Rights groups slam interior ministers' call to close websites

CAIRO: Human rights groups have condemned a recent proposal by the Council of Arab Interior Ministers aimed at giving member governments wide scope to ban websites suspected of supporting terrorism . Activists say legislation permitting such bans will be used as an excuse to clamp down on websites not favored by authorities. This development is …

Daily Star Egypt Staff

Egypt poised to delay local polls, Islamists cry foul

CAIRO: Egypt s consultative council on Sunday approved the two-year postponement of municipal polls that had been due within two months, in a move slammed by the opposition Muslim Brotherhood. The postponement now has to be approved by parliament to take effect. The Shura council, the country s upper chamber of parliament, approved a proposal …

Daily Star Egypt Staff

The textile projection

CAIRO: Textiles, garments and cotton cultivation employ a substantial portion of the Egyptian labor force. These sectors have benefited substantially from the Qualified Industrial Zones (QIZ) protocol under which Egyptian goods with a minimum level of inputs from Israel are allowed tariff-free access to the United States. It stands to gain further from last December …

Waleed Khalil Rasromani

Egypt frees last remaining Sudanese protestors

CAIRO: Egypt said Sunday it had freed the last 156 Sudanese who had been detained and threatened with expulsion after police brutally broke up a Cairo sit-in demanding resettlement. The foreign ministry said in a statement that the Sudanese in the last batch to be released were not entitled to refugee status and were technically …

Daily Star Egypt Staff

Cyberian Misr

CAIRO: In a first, Egypt has its own online gallery of original contemporary and modern art, a retail website launched by some of Egypt’s most talented artists. Egy-Art.com offers worldwide shipping of Egyptian artwork, a step that founders of the website believe is essential to market Egyptian taste in fine art. Browsing through the online …

Pakinam Amer

Block, kick and strike

CAIRO: Martial arts date back more than 2000 years; pictures were painted on tombs, showing people fighting. Today, the different types of martial arts have evolved and developed into a form of fitness that is accessible for everyone and not only to hardcore enthusiasts. Egypt has always promoted participation in the martial arts, including Karate, …

Daily News Egypt

Paper printed cartoons in 2005 to attack them

CAIRO: An Egyptian newspaper editor said on Friday his weekly had published some of the cartoons of Prophet Mohammed last year in an article condemning the caricatures which have sparked a furor in the Muslim world. Adel Hammouda told Reuters he had published the cartoons in El-Fagr in October after he said he had seen …

Daily Star Egypt Staff

Africa won't budge on Cup timing, demands respect

CAIRO: Africa s ruling football body insisted on Friday there will be no going back on the timing of the Nations Cup, despite pressure from European clubs. There was also a rebuke from the Confederation of African Football for managers in Europe who try to hold on to their African players during the finals, with …

Daily Star Egypt Staff

BMW adds model to local assembly line

CAIRO: BMW announced this week that it will add a new model to the two that are currently assembled in Egypt. The company also released its sales figures for 2005, during which it achieved a 69 percent growth in local sales compared to the previous year. BMW through its local partner Bavarian Auto Group (BAG) …

Waleed Khalil Rasromani