Latest in Tag: Deal Highlight
Latest in Tag: Deal

UAE, Israel launch official phone links after normalisation deal
Abu Dhabi peace treaty halts Israel’s annexation plan, says Gargash

State’s appeal against annulment of Red Sea islands deal postponed to 19 December

Second French Mistral warship arrives at Alexandria port
The helicopter carrier is Egypt’s second acquisition from France

Sahar Nasr signs €100m metro deal with EBRD
Deal signed at Mega Projects conference will include 13 new metro cars

New UN envoy to Libya meets Shoukry to discuss political developments
Kobler was appointed on 17 November, replacing Bernardino Leon

Ministry of Antiquities continues attempts to save lost heritage
Sekhemka statue transportation date delayed to end ofAugust, whilst searches to locate Queen Nefertiti’s tomb still ongoing

Egypt, Russia to hold naval exercise: Russian state media
Report come as Defence Minister Sobki meets his counterpart in Russia to discuss military cooperation in “fighting terrorism”

Egypt’s miltary confirms 10 Apaches delivered by US
Military expert says Egypt’s pursuing ‘multiple alternative sources for military cooperation’

Israel cabinet divided over Palestinian unity deal
Wednesday’s surprise deal was denounced the next day by the Israeli security cabinet
Egypt’s Pioneers Holding plans capital increase to help finance Rooya acquisition
Reuters – Pioneers Holding plans to use a capital increase to help finance the acquisition of a 60% stake in real estate investment firm Rooya Group, a senior executives said. “The deal will be financed in cash and through a capital increase in Pioneers Holding shares subject to valuation,” said Mohamed Aboulghait, managing director, financial …

Kerry scrambles to save his torpedoed peace effort
The top US diplomat, who has made the quest for a long-elusive peace treaty his personal holy grail, was blindsided late Tuesday as minutes before a press conference at the NATO headquarters, both sides went rogue.
Polish arms shipment held pending completion of documents: Foreign ministry spokesman
The shipment was stopped on its way to Egypt by German customs
Egypt gains marginally after $40bn housing deal; Gulf mixed
Reuters – Egypt’s shares rose slightly on Monday after a deal between the country’s army and a Dubai builder for an affordable housing project worth EGP 280bn ($40.2bn). Cairo’s benchmark index advanced 0.5%, recovering early-session losses and boosting 2014 gains to 17.6%. Under a deal with Cairo’s army-backed government, Dubai’s Arabtec will build one million …

More talks between Egypt and Russia next month
Russian ambassador held a briefing on recent high level discussions in Moscow

Iran to get first $550m of blocked funds in February
The money is being unblocked under a landmark deal, set to take effect starting 20 January, that curbs parts of Iran’s disputed nuclear program in exchange for sanctions relief.

Kerry launches 2014 with all-out bid for Mideast peace
US Secretary of State John Kerry hurtles into 2014 with a trip to the Middle East Wednesday, hoping to make this the year Israel and the Palestinians seal a long-elusive peace deal

Qatar signs aid deal worth $1.25bn for Morocco
Morocco is under heavy pressure from international lenders to reduce its budget deficit after spending heavily on food and energy subsidies and higher public sector salaries in 2011 and 2012 to help defuse social tensions.

Israel, Jordan, Palestinians to sign Red Sea-Dead Sea deal
Some will be desalinated and distributed to Israel, Jordan and the Palestinians, while the rest will be transferred in four pipes to the parched Dead Sea, which would otherwise dry out by 2050.

Masters of war
By Dr Cesar Chelala In a move consistent with his past positions on international issues, Senator Robert Menendez, the Democratic Chairman of the US Senate Foreign Relations Committee, accused the White House of using “over the top” rhetoric and “fear mongering tactics” to try to stop new sanctions on Iran. These new sanctions were to …

Iranian breakthrough and Obama foreign policy success
By Andrew Hammond A historic interim deal was reached on Sunday 24 November in Geneva which will see Iran’s nuclear programme curbed, at least temporarily, in exchange for limited, phased international sanctions relief. This sets the stage for the possibility of a comprehensive agreement in 2014. Pre-empting criticism from some countries including Israel and Saudi …

Proposed nuclear deal between Iran and six world powers: Q & A
Following are questions and answers about the proposal based on comments from government officials, diplomats and nuclear experts

Egypt to seek bids for first nuclear plant
Russian ministers’ visit expected to touch on atomic power

No Mideast peace deal better than bad deal: Palestinians
Shtayyeh, who has been deeply involved in the talks since they began at the end of July, described a bad deal as “an agreement based upon Israeli colonial ambitions rather than upon internationally accepted principles of international law”.

Diplomats rush to Geneva amid hopes of Iran deal
US Secretary of State John Kerry was the first to announce he was joining negotiations with Iran in Geneva, followed by the foreign ministers of France, Britain and Germany

Israel rejects mooted Iran nuclear deal, Kerry heads to talks
Netanyahu: Israel is not obliged by this agreement and Israel will do everything it needs to do to defend itself and the security of its people
Iran says nuclear deal possible this week in Geneva talks
Reuters –Â An agreement that would open the door to ending a decade-long nuclear standoff between Iran and six world powers is possible this week if negotiators exert maximum effort, Iran’s foreign minister said on Thursday. “If everyone tries their best, we may have one,” Mohammad Javad Zarif told reporters after a breakfast meeting with European …

Syria hails US-Russia chemical arms deal as a ‘victory’
Washington is seeking to bolster international support for the agreement inked in Geneva on Saturday, which demands action from Damascus within days.

Investment minister: EFG Hermes-Qinvest deal to be finalised by 3 May
Hard to complete deal by date without EFSA approval, says EFG

Lagarde to BBC: Political instability hindered loan negotiations
Stability is sine qua non condition for loan, says IMF managing director
Egypt close to agreement with IMF
An agreement on the proposed $4.8 billion loan to Egypt could be reached by mid-November, according to director of the International Monetary Fund (IMF), Christian Lagarde. Lagarde spoke to Egyptian reporters on Thursday in a press briefing that was held during the joint meeting of the IMF and the World Bank in Tokyo. “As you …