Egypt pipeline blown up again

Egyptian sources: Terrorists are planning to exploit Tahrir Square demonstrations to carry out large-scale attacks.

Egyptian security forces and police raised the state of alert to the highest level in the al-Arish and other districts in northern Sinai, following intelligence reports that Islamic Jihad was planning to carry out terrorist attacks in the area, media reports have stated. A short time after the warning, an explosion of the Egypt pipeline in Sinai that carries gas to Israel and Jordan was reported.

Sources believe that more than 2,500 terrorists are active in the area, whose intention is to carry out terrorist acts against Egyptian police and security forces. This is in "retaliation of the recent arrest of six Islamic Jihad activists in Sinai, and preventing the attack they had planned to carry out."

Egyptian security sources said that according to intelligence reports, the terrorists are planning, "to take advantage of Tahrir Square demonstrations on Friday to carry out large-scale attacks against Egyptian security forces. If the need arises, military helicopters will intervene in one of the northern Sinai areas."

Two days ago, two Egyptian policeman were killed on the Israel-Egypt border by drug smugglers, in two incidents. An "Egoz" Golani unit operating in the area, identified a suspicious group of armed men who had apparently infiltrated across the border in order to smuggle drugs. The IDF spokesman said that IDF forces began the procedure for apprehending suspicious individuals, and when the latter did not comply, IDF forces opened fire. IDF forces hit one of the subjects.

The suspects returned fire. Following the incident, a Kalashnikov rifle, a gun, and cutting tools were found at the location. There were no casualties among IDF forces, and no damage was reported.

Ampal-American Israel Corporation's (Nasdaq: AMPL; TASE:AMPL) share price was unchanged on Nasdaq on Friday at $0.38, giving a market cap of $21 million, and rose in morning trading on the TASE to NIS 1.38.

Published by Globes [online], Israel business news - www.globes-online.com - on November 27, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

Emiliano Calemzuk  credit: PR CEO and "investor group" buying out Reshet 13

CEO Emiliano Calemzuk and the other investors will hold 74% of the television channel, while Len Blavatnik’s Access Industries and WBD will remain with 26%.

Inflation  credit: Tali Bogdanovsky Unexpectedly low February CPI reading cuts inflation

While inflation in Israel in the 12 months to the end of February 2025 is lower than forecast, housing prices continue to rise.

Yitzhak Tshuva credit: Gidon Levy and Tali Bogdanovsky Competition Authority allows Delek takeover of Isracard

The Competition Authority is considered the easier of the two regulatory hurdles that the deal must overcome, the other being the Supervisor of Banks.

David Amsalem  credit  Noam Moskowitz, Knesset Spokesperson's Office Rafael to pay state NIS 444m dividend

The minister in charge of the Government Companies Authority, David Amsalem, has approved the payment by the defense company.

Barak MX air defense system  credit: IAI IAI profit jumps 55%

Israel Aerospace Industries posted a net profit of $493 million for 2024, and ended the year with an all-time high orders backlog of $25 billion.

A TSG system in tactical use  credit: PR TSG signs cooperation agreement with US defense co

The agreement includes the integration of TSG's advanced technologies into sensor-based defense systems, which will be integrated into the operational systems of US defense units.

Bria CEO Yair Adato credit: Kseniia Poliak Israeli visual generative AI co Bria raises $40m

Bria’s Visual Generative AI platform empowers businesses to create predictable, controllable, and on-brand content that aligns with their visual language.

Amnon Shashua and Aviram Ziv credit: Eyal Izhar OrCam stymied by investor dispute with Shashua

Demands by institutional investors are blocking the visual and hearing impairment device developer's recovery plan.

Work on the Green Line credit: Bar Lavi Egged wins tender to operate TA light rail Purple, Green Lines

NTA awarded the tender to Egged, which already operates the Red Line, despite government ministry opposition to one operator for the entire network.

Gabi Seroussi illustration: Gil Gibli Board chooses Seroussi as IAI chair as Erdan freezes candidacy

Israel Aerospace Industries board chose Gabi Seroussi as chair even though he did not to go through the preliminary process of the Government Companies Authority appointments review committee.

Bavli Park penthouse credit: Eyal Tagar Tel Aviv Park Bavli penthouse sells for NIS 43m

A 44th floor penthouse in one of the two towers in businessman Yitzhak Tshuva's Park Bavli project has been bought by an Israeli businessperson.

El Al aircraft  credit: Yoav Yaari El Al pilots receive nearly NIS 250,000 bonus each

Thanks to the agreements signed with the unions in 2018, El Al's employees as well as senior management share in last year's success.

Pentera CEO Amitai Ratzon credit: Eyal Izhar Israeli security validation co Pentera raises $60m

Pentera's platform enables security teams to analyze complete attack paths, identify root causes, and prioritize remediation for effective risk reduction.

Tel Aviv credit: Shutterstock Supply of unsold new homes hits record

Israel's real estate market is sliding into recession with 78,000 unsold new apartments in January, the Central Bureau of Statistics reports.

D&B chairman Doron Cohen and Meitar partner Dan Geva Meitar reclaims title of Israel's biggest law firm

Meitar has first place with 537 lawyers, followed by Herzog Fox Neeman with 512 lawyers, according to the latest Dun's 100 rankings.

First International Bank of Israel CEO Eli Cohen  credit: Eyal Toueg First Int'l posts top return on equity

First International Bank of Israel's return on equity in 2024 was 19%, the highest among Israel's banks.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018