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Egyptian Police Avert Terrorist Attack On Suez Canal Vessels

by Lorys Charalambous, Tax-News.com, Cyprus

15 July 2009


The Egyptian Ministry of Interior has announced the arrest of 25 Egyptian terrorists and their Palestinian leader for plotting terrorist attacks on ships passing through the Suez Canal.

Egyptian police seized 700kg of explosives found in an underground cache a day later, which were to be used as part of the plot to destroy oil pipelines and foreign ships passing through the canal. According to the Ministy’s statement, the terrorists - motivated by ‘takfiri and jihadi ideology' - intended to blow the charges using mobile phone-activated detonators.

The seizure of a handgun within the cache also linked the group to the death of four people in an attack on a Coptic Christian's jewellery shop in May 2008. According to the statement five suspects gave ‘detailed confessions on carrying out [the attack]... to fund their activities.’ The group who are allegedly affiliated with Al-Qaida also received funds from Islamic charities and used jihadist websites to plan and expand their knowledge of building remote control bombs.

The canal’s authority recently upped security to combat terrorism, after 49 people were charged in April of forming a cell on behalf of Hezbollah to attack tourist resorts and ships passing through the canal.

Despite security threats and the financial crisis, revenue produced from its operations has not faltered. Egypt's revenue from the Suez Canal rose 23.3% in the first eight months of 2008 to USD3.632 billion.


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