Trade agreements back up reforms
Since 2004, Egypt has been one of the Middle East's fastest growing economies. The International Monetary Fund's annual economic health check attributed the impressive economic growth to a winning combination…
1.5 tons of marijuana seized in Sinai
CAIRO: Authorities discovered four marijuana fields in the Sinai peninsula and seized 1.5 tons of marijuana elsewhere in the largely desert region on Thursday, a security source told AFP. Police…
Millionaire fraudster jailed for a millennium
CAIRO: An Egyptian man was sentenced to 1,000 years behind bars on Thursday after scamming hundreds of people out of LE 280 million (around $52 million), a court official said.The…
Trabzon finalize Moawad deal
ISMAILIA: Trabzonspor have taken up an option to sign Egypt full-back Sayed Moawad on permanent basis after paying Ismaili $900,000.Moawad has penned a three-year deal with the Turkish outfit, but…
News in brief
Orascom seeks companies in Asia, AfricaReuters reported that Orascom Telecom (OT) set up a subsidiary to look for investment opportunities in small to medium-sized enterprises operating mobile phone networks in…
Finnish defense firm Patria suspected of bribery, say police
HELSINKI: Finnish police said Wednesday they had arrested two people as part of an investigation into whether defense company Patria bribed officials to win contracts in Egypt and Slovenia.The company…
Berlusconi, Prodi may testify in CIA kidnap trial
MILAN: Italian Prime Minister Silvio Berlusconi and his predecessor Romano Prodi may testify in the Milan trial of 26 CIA agents accused of kidnapping an Egyptian imam, a judge decided…
Aboul Gheit says Mideast peace deal unlikely this year
CAIRO: Foreign Minister Ahmed Aboul Gheit said in remarks published on Thursday that peace deal between Israel and the Palestinians before the end of the year is unlikely. The Palestinian…
Bush believes history will say he contributed to peace, democracy
CAIRO: US President George Bush believes history will judge his actions in the Middle East as a contribution to peace and democracy, he said in an interview with Egyptian TV…
