INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

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.

Egyptian court sentences Ukrainian to four years for smuggling

In 2019, Egypt increased punishment for drug smugglers to include the death penalty. (AFP)
  • Liudmyla Balakina, who lives in the Netherlands, had been convicted of drug smuggling following her arrest in April.
  • Balakina had confessed in court to "meeting an Egyptian abroad, who took advantage of her need for money".

Cairo, Egypt – A Cairo court has sentenced to life in prison a Ukrainian woman arrested at the Egyptian capital’s airport with a bag of cocaine, a judicial source said Sunday.

Liudmyla Balakina, who lives in the Netherlands, had been convicted of drug smuggling following her arrest in April upon arrival from Qatar with “four kilograms (about nine pounds) of cocaine” in her luggage, the source told AFP.

She was also handed a fine of 100,000 Egyptian pounds ($3,683), and can still appeal the verdict.

Balakina had confessed in court to “meeting an Egyptian abroad, who took advantage of her need for money”, state media reported.

It said the Egyptian “paid her $2,500 to enter the country” with the drugs.

In 2019, Egypt increased punishment for drug smugglers to include the death penalty.

Eight foreigners were sentenced to death last year for smuggling more than two tons of heroin via the Red Sea.