Dig finds statue pieces in pharaonic temple ruins
CAIRO: Archaeologists have found fragments of a statue of an ancient god and a pharaoh in a site that once housed ancient Egypt's largest funerary temple, the antiquities council said…
Nagaa Hammadi case resumes Saturday
CAIRO: The Emergency State Security Criminal Court in Qena will resume on Saturday, the trial of the Nagaa Hammadi drive-by shooting, which left six Copts and a Muslim guard dead…
Egypt to receive $100 mln World Bank loan to modernize irrigation
CAIRO: The World Bank approved Thursday a $100 million loan to support Egypt’s Farm-level Irrigation Modernization Project (FIMP), according to a statement. The project aims to increase agricultural profitability and…
Hellenic Petrol sells drilling rights in Egypt
ATHENS: Greece's biggest refiner Hellenic Petroleum has sold rights to drill for hydrocarbons in Egypt as it focuses on its core downstream activities to cope with recession at home, it…
Libya to fund most of $20 bln Egypt housing project
Libya will bankroll most of a LE 116 billion real estate project launched jointly with Egypt's housing ministry to offer homes for millions of young Egyptians, an official said on…
Egypt to allow short-staple cotton imports: paper
Egypt is planning to allow imports of short-staple cotton to meet the needs of local spinning and textile factories, a newspaper reported on Thursday, citing the trade minister. Because of…
HDB nine-mth profit down 13.3 pct
Egyptian lender Housing and Development Bank (HDB), preparing for a possible merger, posted a 13.3 percent fall in nine-month net profit to LE 170 million ($29 million). The figure was…
GB Auto ends talks with Tata Motors
GB Auto, Egypt's biggest listed automobile assembler, said on Thursday it had ended talks with Tata Motors about selling the Indian group's vehicles in the Arab world's most populous market.…
Editorial: Towards an Ivory Coast scenario
By Rania Al Malky The world has been watching in amazement as two men claimed a right to the top job in a fellow African country, the conflict-plagued Ivory Coast. Clashes…
Egypt’s real shark problem
By David Faris International attention remains focused on the recent spate of gruesome shark attacks in Egypt. But the real threat is not from wandering Makos in the glittering alternate tourist…