Thousands protest on highway against lack of traffic regulations
CAIRO: Thousands of angry Egyptians blocked a highway north of Cairo Wednesday, burning tires and debris, after a speeding car struck a cyclist.The cyclist, Bakri Gomaa, was moderately injured in…
Mubarak says Palestinians need to close ranks
CAIRO: President Hosni Mubarak urged Palestinian factions to unite in a common bloc to resume peace talks with Israel, in an interview published Wednesday. Egypt is engaged in consultations with…
Interbank rate up at 8.35 percent
CAIRO: The median overnight interbank rate on the pound rose to 8.35 percent on Wednesday from 8.255 percent on Tuesday with a central bank auction drawing some funds from the…
CIB Q1 2006 net profit up 31 percent
CAIRO: Egypt s biggest private bank, Commercial International Bank, increased its first-quarter net profit 31 percent to LE 187.56 million ($32.56 million), the bank reported on Wednesday. Net profit for…
Hellenic Petrol wins Egyptian energy acreage
ATHENS: Greek oil company Hellenic Petroleum said on Tuesday it had won a tender to explore for natural gas and oil in Egypt. State-owned Egypt General Petroleum Corporation informed us…
Telecom Egypt, Telecom Italia to offer joint bid for third mobile license
CAIRO: Telecom Egypt (TE) and Telecom Italia will submit a joint bid for Egypt s third mobile license, TE officials said on Tuesday. Telecom Egypt announced an agreement with Telecom…
Four killed in accidental Cairo blast
CAIRO: Four Egyptians were killed and another wounded when a device accidentally exploded Wednesday at a mechanical workshop in the low-income Cairo neighborhood of Imbaba, security sources said. An 18-year-old…
Run through the desert
WESTERN DESERT, Egypt: An extraordinary run through the Western Desert of Egypt began at the tip of the Quattara Depression and continued into the environs of the Bahareya, Farafra, Dakhla…
Boycott vs. dialogue
CAIRO: After protesting relentlessly for months, vociferously declaring a boycott of all Danish products, Muslims are divided over "what to do next. With some Muslims insisting on continuing the economic…
Investments in tourism industry unfazed by bombings: minister
CAIRO: Investments coming in from Egypt's tourism industry are still booming despite the recent bombings in Dahab, according to Minister of Tourism Zoheir Garrana. In an interview on Tuesday with…
