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…
Mufti favors wiping out militants
CAIRO: Egypt s top authority on Islamic law has said extremists who kill Muslims should be wiped out. They must be liquidated physically and struck with all force ... We…
Welcome to the magnificent world of "Wallace & Gromit"
CAIRO: One of the most discussed topics in film circuits these days is the current sorry state of American animated films. Many film analysts foresaw a big surge in Animation…
Chinese government commits $10 million for investor center in Northwest Suez
CAIRO: Minister of International Cooperation Fayza Abul Naga signed agreements with China s Ambassador to Egypt Wu Sike yesterday to build a one-stop shop for investors in the industrial zone…
EFG Q1 net income rises five-fold
CAIRO: Egypt-based investment bank EFG-Hermes said on Tuesday its net income rose five-fold to LE 208 million ($36.1 million) in the first quarter of 2006. The income figure was about…
Median overnight interbank rate rises to 8.275 percent
CAIRO: The median overnight interbank rate on the pound rose to 8.275 percent on Tuesday from 8.074 percent on Monday at the start of a new two-week period for calculating…
Police kill mastermind of Sinai bombings
AL-ARISH, Egypt: Police killed Tuesday the leader of an Islamist militant group blamed for a spate of attacks in tourist resorts in the Sinai Peninsula over the past 18 months,…
Police detain four Islamists in Alexandria
CAIRO: Police detained four Muslim Brotherhood members in Alexandria, bringing to 70 the number of members of the Islamist movement being held behind bars, a spokesman told AFP on Tuesday.…
Israelis urged to leave Sinai after kidnap threat
JERUSALEM: Israel on Monday warned its citizens to leave Egypt s Sinai resort area immediately, saying there was a threat of kidnapping by militant groups. A message circulated to media…