Egyptian police: 200 crates of weapons intercepted en route to Gaza
EL ARISH: Three Bedouins were arrested early Friday trying to smuggle nearly 200 crates of automatic weapons and ammunition from Egypt into Gaza, police said.Police seized the weapons on a…
Adopting Egypt's heritage sites
Euromed Heritage Program earmarks seven national landmarks for renovationCAIRO: Seven heritage sites in Egypt have been selected for restoration through "Adopt a Mediterranean Heritage, a new and innovative initiative from…
Experts Criticize Government Initiative to Extract Oil from Tafla
CAIRO: Egyptian mining and petroleum industry officials have criticized a project sponsored by the Ministry of Petroleum to extract crude oil from petroleum clay (tafla) citing it as too costly.They…
Give the Egyptians more tea
KOLKATA: Indian tea exports to Egypt have surged after Egypt slashed import duties, a senior Tea Board official said on Friday. India, the world s largest producer and consumer of…
Export Promotion Bank to Launch New Mutual Fund at End of October
CAIRO: The Egyptian Export Promotion Bank will launch a new E£100 million cash mutual fund with accumulative daily return to invest in low risk securities, such as treasury bonds and…
Tough competition for Egyptian bank
CARIO: There was a fierce bidding war before victory went to Italy's Sanpaolo IMI for $1.6 billion in what had been Egypt's biggest ever auction of state assets. It gave…
Business Highlights
Kuwaitis lead establishment of LE 1 billion north Africa private equity firmCAIRO: Kuwait-based KIPCO Asset Management Company (KAMCO) announced Monday the launch of a KD 50 million (LE 992.4 million)…
Al Jazeera tops Forbes list of Arab brands
Forbes CEO forum comes to the Middle East for the first timeDUBAI: Television news channel Al Jazeera won the top spot in a list of the best-known Arab brands compiled…
Egypt bars public from budget process
Economist say obscurities in budget handling could overburden tax payersCAIRO: Egypt is one of six countries that keep their constituents in the dark about the state of their budgets until…
Veiled Prejudice
Britain's ex-foreign secretary's recent commentary on the Muslim niqab, or full veil, as a "visible statement of separation and of difference that "makes it more difficult for people "to acknowledge…