Lebanese and Briton tried in Cairo for money laundering
CAIRO: Egypt s state security prosecutor on Saturday referred a Lebanese man and British woman to court on charges of fraud and money laundering of $ 2.5 million, a judicial…
Construction begins to upgrade output of Kremat 3 power station
Younis: El Kremat Plant output to surpass High Dam by 150 percentCAIRO: Civil works are set to begin this month to prepare El Kremat Power Plant for the upgrading of…
Egypt hits back at United States over human rights
CAIRO: Egypt said on Saturday that the United States had no right to set itself up as a global guardian of human rights and rejected Washington s criticism of Cairo…
Bin Laden's 50th birthday? Taliban pray for his long life
ReutersSPIN BOLDAK, Afghanistan: Osama bin Laden, if he s alive, celebrated his 50th birthday on Saturday, and his friends in the Taliban prayed for his long life. The Al-Qaeda leader…
Parliament slams Aboul Gheit for POW remarks
CAIRO: Members of the People's Assembly are furious over Minister of Foreign Affairs Ahmed Aboul Gheit's statement that Egypt won't cut relations with Israel over a film. The Israeli documentary…
State-owned insurers warn of growing losses in mandatory auto insurance
CAIRO: State-owned insurance companies have urged the Ministry of Investment and industry regulators to increase premiums on the mandatory automotive insurance and to put a cap on claims' value. The…
Rachid expects stock of US investments in Egypt to increase by 12.5 percent
CAIRO: Minister of Trade and Industry Rachid Mohamed Rachid expects the US investment stock in Egypt to hit $18 billion by the end of 1H2007, growing 12.5 percent from the…
Insurance operators join in fierce price wars
CAIRO: The national insurance market has entered into a new phase of price wars between companies amid charges launched against regulators of neglecting the perilous impacts of price competition on…
Fantasies on wheels
A colleague of mine, who is obviously looking for a cheap form of transport and not going through a mid-life crisis, I strenuously point out, has been harping on about…