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Iran says ready for full diplomatic ties with Egypt (AFP via Yahoo! News)
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Tue, 15 May 2007 14:22:57 GMT

Iran is ready to restore full diplomatic relations with Egypt by reopening its embassy in Cairo the "very day" the Egyptian government agrees, President Mahmoud Ahmadinejad said on Tuesday.

Elham: Iran-Egypt ties to benefit world Muslims (ArabicNews.com)
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Wed, 16 May 2007 02:35:18 GMT

Iran's government spokesman Gholam Hossein Elham said today that ties between Iran and Egypt would be to the benefit of world Muslims as well as the countries in the region.

Foreign investments in Egypt's oil sector to reach $30 billion in five years (ArabicNews.com)
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Wed, 16 May 2007 02:37:58 GMT

"The foreign investment in the oil sector is expected to reach $ 30 billion in the next five years,"said Egypt's Minister of Petroleum Sameh Fahmi at a symposium organized at the Federation of the Egyptian Industries, saying that the exports of oil, petrochemicals and natural gas were worth $ 10.6 billion last year.

Cairo terms Iran's readiness to restore ties with Egypt as " positive" (People's Daily)
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Wed, 16 May 2007 00:22:57 GMT

Cairo on Tuesday highlighted Iranian President Mahmoud Ahmadinejad's statements on the country's readiness to restore diplomatic ties with Egypt and termed it as "positive".

Minister denies Egypt forgave Iraqi debt (Middle East Times)
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Tue, 15 May 2007 19:49:06 GMT

CAIRO -- A government minister denied Tuesday that Egypt had forgiven hundreds of millions of dollars in Iraqi debt at a landmark conference it hosted earlier this month.

Egypt's Orascom Telecom says Q1 net income up 7 pct (Reuters via Yahoo! Asia News)
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Tue, 15 May 2007 16:53:16 GMT

CAIRO, May 15 (Reuters) - Egypt's Orascom Telecom Holding (OTH) , one of the biggest telecommunications firms in the Middle East, said on Tuesday net profit rose 7 percent to $168 million in the first quarter of 2007.

CORRECTED - Essar to invest $3.4bln in refinery - Egypt official (Reuters via Yahoo! India News)
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Tue, 15 May 2007 15:55:19 GMT

CAIRO (Reuters) - India's Essar Global will invest $3.4 billion in a proposed 300,000 barrels per day oil refinery in northern Egypt, an Egyptian government official said on Monday.

Fatah brings forces into Gaza from Egypt (Reuters via Yahoo! UK & Ireland News)
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Tue, 15 May 2007 13:02:00 GMT

Hundreds of fighters loyal to Palestinian President Mahmoud Abbas's Fatah faction crossed into Gaza from Egypt on Tuesday as possible reinforcements in fighting against Hamas militants, Western sources said.

Fatah Gunmen Enter Gaza From Egypt To "Protect Palestinians" (Nasdaq)
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Tue, 15 May 2007 12:49:31 GMT

(RTTNews) - Fatah gunmen, at least 500 of them on Tuesday began entering the Gaza strip through the Gaza-Egypt border at Rafah as possible reinforcements in Palestinian factional fighting with its main rival Hamas.

Iran ready for full diplomatic ties with Egypt (Middle East Online)
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Tue, 15 May 2007 14:59:06 GMT

Iranian President says his country will reopen its embassy in Cairo if Egypt signals its willingness.