Two tanks that belong to a petrochemical company exploded outside the airport, said Egyptian Civil Aviation Minister Mohamed Younis al-Masri in a statement. Images shared on social media show large plumes of smoke rising up in the air.
A huge explosion has reportedly been heard at Cairo Airport. A number of local tweets poured in with users claiming to have heard a loud explosion followed by the sounds of ambulances.
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What the material-the equipment that we make is so far superior, everybody wants to buy our equipment. As NBC News' Peter Alexander points out , "Even the United States doesn't spend 4%".
An army spokesman said the blast was caused by "high temperatures" at a fuel storage facility. However, some local residents say that flight operations have not been halted, and air-traffic-tracking website FlightRadar24 reports that Cairo's airport is still operating.
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He had also been sentenced by the accountability court to one year in prison on charges of abetment in the Avenfield case.
Civil defense authorities deployed to the scene are battling to bring the blaze under control. There is no information available on possible injuries or fatalities.
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The Bank of Canada raised its target for the overnight rate a quarter-point to 1.5 per cent Wednesday. The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent.