INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

20 dead as Egypt minibus topples into canal

Traffic accidents are common in Egypt where roads are often poorly maintained and driving rules flouted. (AFP)
  • Prosecutors said police had arrested the driver after a preliminary drug test suggested he had been driving under the influence of narcotics
  • In 2021, around 7,000 people were killed on the roads of the Arab world's most populous country, according to official figures
Al Mansurah, Egypt– Twenty people were killed on Saturday when the minibus they were travelling in toppled into a canal in northern Egypt’s Nile Delta, prosecutors said.Eight people were injured in the accident in Dakahlia governorate, among them the driver.

Prosecutors said police had arrested the driver after a preliminary drug test suggested he had been driving under the influence of narcotics.

They said he was also suspected of using a mobile phone at the wheel at the time of accident.

Emergency crews recovered the heavily damaged minibus from the canal, an AFP photographer reported.

Traffic accidents are common in Egypt where roads are often poorly maintained and driving rules flouted.

In 2021, around 7,000 people were killed on the roads of the Arab world’s most populous country, according to official figures.

In July, 25 people died and 35 were injured in central Egypt when a bus crashed into a truck parked on the side of the road.