Italy states its innocence in alleged kidnapping of Egyptian cleric
ROME: Italy insisted anew Thursday it had no involvement in the alleged CIA kidnapping of an Egyptian cleric in Milan in 2003, after news reports said that an Italian paramilitary…
El Baradei urges compromise in Iranian nuclear row
AMSTERDAM: The head of the UN nuclear watchdog appealed for a diplomatic solution to the crisis over Iran s nuclear program on Thursday as Iranian President Mahmoud Ahmadinejad said he…
President defends extension of controversial Emergency Law
CAIRO: President Honsi Mubarak defended his country s decision to extend the Emergency Law, saying in comments published Wednesday that many democracies had tougher laws in place to fight terror.In…
Bus plunges into canal, 21 killed
CAIRO: A bus carrying Egyptian workers plunged into a canal Thursday, killing 21 people and injuring 22 others, police said.The accident happened near the Mediterranean port city of Damietta, 160…
Sinai bombings suspect turns himself in
CAIRO: An Egyptian suspected of involvement in the triple suicide bombings that killed 20 people in the Sinai Peninsula last month surrendered to the security forces, police officials said Thursday.…
Median overnight interbank rate falls to 8.15 percent
CAIRO: The median overnight interbank rate on the pound fell to 8.15 percent on Thursday from Wednesday s 8.404 percent because the central bank accepted fewer bids than expected in…
Greek Eurobank says looking for more acquisitions
ATHENS: EFG Eurobank CEO Nikos Nanopoulos said on Thursday the bank was looking for other acquisitions in new countries beyond the Balkans and Turkey, and was eyeing Bank of Alexandria.…
Insurance brokers concerned with liberalization
CAIRO: The newly-formed Egyptian Insurance Brokers Association (EIBA) is concerned that the latest amendment to the insurance law will threaten the welfare of local brokers.The amendment is currently being discussed…
Venezuelan Carlos Coste takes free-dive world record with 140 meter plunge
SHARM EL-SHEIKH, Egypt: Venezuelan Carlos Coste set a world record in free-diving on Tuesday, reaching a depth of 140 meters and returning to the surface without scuba equipment in the…
Poultry industry in supply crunch after bird flu
CAIRO: After five human deaths and 20 million culled birds, Egyptians are returning to chicken as their main source of animal protein, creating a supply crunch as slaughter houses struggle…
