Egypt's court acquits ex-minister of squandering public fund
Egypt's court
Cairo - KUNA
A Cairo court acquitted Saturday ex-oil minister Sameh Fahmy in a retrial after 2012 conviction over charges of squandering public fund for selling Egyptian natural gas to Israel at below the market price.
Cairo criminal court also acquitted five of his associates in the same case.
Fahmy, who served as oil minister from 1999 to 2011, was sentenced to 15 years in jail in June 2012 for squandering public funds. An appeals court ordered a retrial in March 2013 for the defendants.
Egypt signed an agreement to provide Israel with natural gas in 2005. In the case against Fahmy and other involved officials, prosecutors claimed the agreement lost Egypt over USD 714 million due to the low price at which the gas was sold.
Egypt unilaterally terminated its natural gas export contract with Israel in April 2012.
GMT 00:37 2018 Wednesday ,24 January
Bitcoin slumps below $10,000GMT 22:49 2018 Tuesday ,23 January
Sharjah apartment rents see steep decline in 2017GMT 19:15 2018 Tuesday ,23 January
Emirati fined Dh2.2m for embezzling public fundsGMT 22:27 2018 Monday ,22 January
Jafza bridge benefits trade, logistics supply chainGMT 22:21 2018 Monday ,22 January
Damac chairman to speak on digital skillsGMT 10:55 2018 Monday ,22 January
Bahrain-Indian economic ties discussedGMT 22:42 2018 Saturday ,20 January
'Massive' infrastructure spending needed in AfricaGMT 12:49 2018 Tuesday ,16 January
Tabarak Buys Majority Stake in a Private Company
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:16 2016 Wednesday ,23 March
cartoon five
GMT 16:17 2018 Thursday ,30 August
Five Saudi women pilots granted GACA licences
GMT 05:06 2024 Tuesday ,06 February
New hunt for flight MH370 gets under way
GMT 02:07 2017 Wednesday ,01 February
Center of excellence within Vision 2030
GMT 06:53 2017 Tuesday ,30 May
Dubai has a drone that can defuse bombs remotely
GMT 19:55 2017 Friday ,10 November
Safe in a camp, Rohingya children face death by malnutrition
GMT 19:17 2017 Thursday ,18 May
Tara Emad only in “Lamie the Cat” series
GMT 12:58 2016 Saturday ,26 November
When art and fashion collide
GMT 10:17 2013 Wednesday ,12 June
Syrian TV soap recreates Damascus in Gulf desert
GMT 04:43 2015 Friday ,24 April
Armenian church mourns 1.5m genocide victims shadeGMT 07:15 2012 Tuesday ,09 October
Strippers perform for the dead
GMT 07:57 2017 Friday ,29 December
Fire engulfs Mumbai building, killing at least 15 people
GMT 02:09 2016 Sunday ,03 July
Paris bans old cars from streets in pollution crackdown
GMT 15:08 2016 Saturday ,11 June
Sun-powered Solar Impulse 2 aircraft reaches Liberty
GMT 12:36 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusation
GMT 09:02 2016 Friday ,23 December
Uber moves self-driving cars from San Francisco to Arizona
GMT 13:04 2017 Saturday ,13 May
Lexi Alexander criticizes “Ex-Baghdad” movie
GMT 17:51 2017 Tuesday ,11 July
Five desktop yoga poses for workaholics
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor