Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Two Israeli tourists, one Egyptian killed in Alexandria shooting

An Israeli M48 Patton battle tank captured during the 1973 war is displayed at the Abu Atwa Museum in the Egyptian city of Ismailia on October 4, 2023. - Fifty years after what Egypt celebrated as its "October victory", the memory of the 1973 war against Israel that has shaped the Arab nation's politics and diplomacy is fading. (AFP)
  • Egypt was the first Arab country to forge a peace deal with Israel in 1979 and has long served as a key intermediary between Israel and the Palestinians.
  • On Saturday, Egypt's President Abdel Fattah al-Sisi warned of a "vicious cycle of tensions threatening regional stability and security".

Cairo, Egypt — Two Israeli tourists and one Egyptian were killed Sunday by a policeman in Egypt, local media and Israeli authorities said, as war rages for a second day between the neighboring country and Hamas.

The policeman fired “at random” at an Israeli tour group visiting Alexandria using “his personal weapon”, the state-affiliated private television Extra News said quoting a security source.

A fourth person was wounded and the policeman was “immediately arrested”, it added.

The Israeli foreign ministry confirmed the deaths in a statement.

“This morning during a visit of Israeli tourists in Alexandria, Egypt, a local opened fire at them, murdering two Israeli citizens and their Egyptian guide,” it reads.

“In addition, there is a wounded Israeli in moderate condition.”

The deaths come as fighting rages after Palestinian militants on Saturday launched a multi-pronged attack on Israel, which has declared war on Hamas and launched air strikes on Gaza.

Egypt was the first Arab country to forge a peace deal with Israel in 1979, and has long served as a key intermediary between Israel and the Palestinians.

However, despite the diplomatic relations, Israel remains largely unpopular among Egyptians.

In June, three Israeli soldiers were killed in a firefight at the border with Egypt by a member of the Egyptian security forces who crossed the border “in pursuit of drug traffickers”, according to the Egyptian army.

On Saturday, Egypt’s President Abdel Fattah al-Sisi warned of a “vicious cycle of tensions threatening regional stability and security”.