Egypt requests Red Cross enquiry
CAIRO: Egypt has made an official request to the International Committee for the Red Cross (ICRC) to launch an enquiry into the claims of the Israeli documentary "Spirit of Shaked…
British tourist killed in Egypt road accident
CAIRO: A 55-year-old British tourist died Saturday on a winding desert mountain road in Egypt s Sinai Peninsula when his car flipped over, police have said.The British embassy confirmed the…
Egypt to retrieve stolen mummy hairs in France
CAIRO: Egypt sent an archaeological team to France on Thursday to retrieve 3,200-year-old strands of hair from the mummy of Pharaoh Ramses II, who presided over an era of great…
Emaar closes $142m deal for Egyptian subsidiary
CAIRO: Officials at Emaar Properties announced that the company has completed a $142 million deal to take full ownership of its Egyptian subsidiary, Emaar Misr, Guf News reported.They explained that…
Foreign direct investments increased to $6.1 bln
CAIRO: Minister of Investment Mahmoud Mohieddin, during his visit to France, held a series of meetings with representatives of more than 20 financial institutions, investment banks and real estate firms,…
Suez Canal fees rise nearly three percent, says authority
ISMAILIYA: Transit fees for ships using Egypt s Suez Canal increased on Sunday by an average of nearly three percent, the canal authority said, in the second such increase in…
Israeli intelligence claims are attempt to deflect from Arab peace initiative
CAIRO: Claims by Israeli intelligence that Iran, Syria and Hezbollah are preparing for the possibility of a US attack on Iran in the summer, is an attempt to cast confusion…
God bless Ehud Olmert
Call it a master stroke.Israel Prime Minister Ehud Olmert's surprise announcement on Sunday calling for a regional peace conference is bound to shame the purportedly successful Riyadh Summit.Last week, Arab…
OCI net income up 57 percent on strong construction, cement performance
Company continues MENA expansion; plans to add 10 million tons to cement production capacity in next 6 months CAIRO: Orascom Construction Industries (OCI) reported late last week net income reached…