Run through the desert
WESTERN DESERT, Egypt: An extraordinary run through the Western Desert of Egypt began at the tip of the Quattara Depression and continued into the environs of the Bahareya, Farafra, Dakhla…
Four killed in accidental Cairo blast
CAIRO: Four Egyptians were killed and another wounded when a device accidentally exploded Wednesday at a mechanical workshop in the low-income Cairo neighborhood of Imbaba, security sources said. An 18-year-old…
Telecom Egypt, Telecom Italia to offer joint bid for third mobile license
CAIRO: Telecom Egypt (TE) and Telecom Italia will submit a joint bid for Egypt s third mobile license, TE officials said on Tuesday. Telecom Egypt announced an agreement with Telecom…
Hellenic Petrol wins Egyptian energy acreage
ATHENS: Greek oil company Hellenic Petroleum said on Tuesday it had won a tender to explore for natural gas and oil in Egypt. State-owned Egypt General Petroleum Corporation informed us…
CIB Q1 2006 net profit up 31 percent
CAIRO: Egypt s biggest private bank, Commercial International Bank, increased its first-quarter net profit 31 percent to LE 187.56 million ($32.56 million), the bank reported on Wednesday. Net profit for…
Interbank rate up at 8.35 percent
CAIRO: The median overnight interbank rate on the pound rose to 8.35 percent on Wednesday from 8.255 percent on Tuesday with a central bank auction drawing some funds from the…
Mubarak says Palestinians need to close ranks
CAIRO: President Hosni Mubarak urged Palestinian factions to unite in a common bloc to resume peace talks with Israel, in an interview published Wednesday. Egypt is engaged in consultations with…
Thousands protest on highway against lack of traffic regulations
CAIRO: Thousands of angry Egyptians blocked a highway north of Cairo Wednesday, burning tires and debris, after a speeding car struck a cyclist.The cyclist, Bakri Gomaa, was moderately injured in…
Prominent editor discusses evolution of the Arab world
CAIRO: With unrest spreading throughout the Arab world, many have been attempting to find solutions to the issues presenting themselves on a daily basis. Whether it is politicians, businesspeople or…
Brotherhood speaks out on renewal of Emergency Laws
CAIRO: Mass arrests targeting Muslim Brotherhood members coupled with the renewal of the Emergency Laws have left Brotherhood leaders angry and speculating on a "conspiracy against Islamists in general and…