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Weekly Stock Review: Moving between red and green, Egypt stocks make slight improvement

CAIRO: The stock market zigzagged throughout the week to post a mix of green and red, mirroring performance of regional and global markets.Overall, Egypt’s benchmark CASE30 index inched up a hair, closing the week 0.38 percent higher to 4,059.08 points. The market jumped Sunday on a fourth consecutive day of gains, tracking a rally in Gulf markets triggered by shares selling on attractive levels. The index climbed 4 percent to 4,205.86 points on a very low turnover of LE493.2 million ($89.28...

With a Grain of Salt: Off with who’s tongue?

I traveled to Canada to attend the Montreal International Book Fair, leaving behind our venerable press busy with the killing of a Lebanese singer, but when I came back one week later I found it busy with the slaying of the daughter of a Moroccan singer.Since I failed to understand the first crime due to the conflicting reports published by the press about it, I tried when I came back to understand the second one. I put all papers that have been published during my absence in front of me to...

Rights group: Arab human rights deteriorate

CAIRO: A leading Egyptian human rights group said Friday that human rights in the Arab world have deteriorated over the past year and the future looks bleak for reform.The Cairo Institute for Human Rights Studies, one of the oldest such groups in the Arab world, accused Arab governments in its annual report of attempting to silence rights organizations at home and abroad.The report, which was released Friday, chronicled the human rights records of 12 Arab countries in the Middle East, where...

Oil prices slump towards $40

LONDON: Crude oil prices slumped close to $40 a barrel in trading on Friday as the United States lost a stunning half a million jobs in November, raising prospects of a steep drop in energy demand.In London, Brent North Sea crude hit $40.72 a barrel, the lowest level since the start of 2005. Light sweet crude for January slid to $42.00 in New York, also a near four-year low.Later on London's InterContinental Exchange (ICE), Brent North Sea crude for delivery in January recovered to stand at...

News in brief

Egypt conference on future of chemical industries The National Research Center (NRC) will hold the third International Conference of Chemical Industries Research Division on Dec. 16 to discuss the role and the future of chemical industries. The three-day conference is held under the auspices of NRC Chairman Hani El-Nazer, who said that the conference will be attended by more than 30 scientists and experts from various Arab and foreign nations. The event will discuss more than 125 research...

The Human Face of Climate Change

A clever new gadget was described in a newspaper a few weeks ago. It pulls water out of the atmosphere and delivers you a glass of clean, chilled H2O. It’s wonderful what technology can offer for the wealthy. But there is no such luck for millions of Africans who face disruption to the rainfall on which their crops, livestock, and families depend. For them, climate change can be expected to bring more erratic and uncertain storms, with no guarantee of water in the well, bucket, and field....

New Xbox 360 'Scene It?' game a crowd pleaser

The "Scene It?" trivia game series may have started as a DVD-based board game, but the franchise is really coming into its own on the Xbox 360 console.Microsoft's "Scene It?: Box Office Smash" ($60 bundled with four "Big Button" controllers; $40 standalone) builds on the game's first Xbox 360 edition with new question genres, faster-paced gameplay and the ability to appear as your newly created Xbox Experience avatar.The party game allows up to four local players to compete through three...

More online journalists than print journalists behind bars: CPJ

WASHINGTON: In a reflection of the digital age, more online journalists are jailed around the world than journalists from any other medium, the Committee to Protect Journalists (CPJ) reported on Thursday.The New York-based media watchdog group, in its annual census of imprisoned journalists, said that as of Dec. 1, a total of 125 journalists were behind bars, two fewer than at the same point in 2007.It said 56 of the imprisoned journalists were considered online journalists — bloggers,...

French headscarf ban no discrimination, says European rights court

STRASBOURG: Europe's top rights court ruled Thursday that a French school ban on headscarves was not a violation of the European Convention on Human Rights.In a case involving two French Muslim girls who had been expelled from school after refusing to remove their scarves during sports classes, the European Court of Human Rights held unanimously that the decision did not discriminate.The applicants, Belgin Dogru and Esma-Nur Kervanci, are French nationals who were born in 1987 and 1986...

Links of Interest: Santa Claus is Coming…

What better way to meet up with Santa Claus than pay a visit to www.northpole.com? Young visitors to this cute, cozy, and Christmassy spot can look forward to Santa’s personalized stories and answers to questions like “How does Santa get up and down my chimney?” Mail services also exist to send letters to Santa (expect a reply!) and e-cards to friends, along with games, karaoke, and more.For those that are just not up for all that jazz, www.someecards.com may be of some consolation, if not...