Four Egyptians arrested for trying to tunnel into Gaza
CAIRO: Four Egyptians who were trying to cross into the Gaza Strip through an underground tunnel were arrested on Saturday in the border town of Rafah, official media reported. Egyptian…
Scrap dealer arrested over mines
CAIRO: Security forces have arrested a Bedouin scrap dealer in the Sinai Peninsula after finding dozens of old mines in his house, security sources said on Saturday, but the man…
NBE still searching for buyer of 50 percent AMOC stake
AMOC stock up more than 10 percent since NBE announcementCAIRO: More than two months after the conclusion of due-diligence procedures by five potential buyers of the National Bank of Egypt…
Two state banks to merge by year end
CAIRO: Egypt s second and third-largest state-owned bank would merge by the end of the year, chairman of Banque Misr, one of the two banks, said in remarks published on…
Iberdrola's first Snoehvit deal gas comes from Egypt
LONDON: Spanish power company Iberdrola has received the first shipment of liquefied natural gas (LNG) under a deal it has with the developers of Norway s yet-to-start Snoehvit gas field,…
Egypt demands more compensation for oil spill
ISMAILIA: A Liberian tanker impounded in Egypt for spilling oil in the Suez Canal is facing more than LE 50 million ($8.7 million) in compensation demands, a Canal Authority official…
Enel says no change to Weather Investments stake
MILAN: Italian power company Enel said on Friday it is not in talks to end its 26 percent stake in Weather Investments, in response to a newspaper report that it…
An Egyptian intellectual's unlikely quest for religious change
Agence France-PresseCAIRO: Gamal Al-Banna is a Muslim scholar and younger sibling of the Muslim Brotherhood s founder, but his controversial vision of Islamic reform puts him at odds with the…
CRIME SCENE: Fire and revenge provide a fiery mix this week
Man murders wife over a cup of tea; the poorer steal from the poorCAIRO: This week's crime pages were on fire.A housewife and a child met their deaths in a…
African Nations Cup champions Egypt held in Botswana
Agence France-Presse CAIRO: Defending champions Egypt were held 0-0 away to Botswana Saturday as the second round of 2008 African Nations Cup qualifiers kicked off. The result lifted the Pharaohs…
