Latest in Tag: Egypt Highlight
Latest in Tag: Egypt

Al-Sisi returns to Cairo after two-day visit to Sudan
Egypt’s President Abdel Fattah Al-Sisi returned to Cairo after concluding on Friday afternoon his two-day visit to Khartoum and meeting Sudanese Prime Minister Bakri Hassan Saleh. During the meeting, Al-Sisi and Saleh discussed the recent developments in bilateral relations. The meeting was attended by Egyptian Foreign Minister Sameh Shoukry, Egyptian General Intelligence Chief Abbas Kamel, and the …

Al-Sisi, Al-Bashir agree on upgrading ties between two countries to ‘strategic relations’
Al-Sisi praises Sudan’s efforts in ending regional conflicts

Al-Sisi, Al-Bashir discuss bilateral, regional relations in Khartoum at their 22nd summit
Egyptian-Sudanese relations witnessed a rapprochement after weeks of troubled relations

Al-Sisi heads to Sudan on two-day visit on Thursday
Leaders of both countries are scheduled to hold a joint summit

Does Egypt need more external borrowing?
Egypt’s lack of control over foreign debt could cause negative pressure on its credit rating in future, says Standard & Poor’s

Three financial agreements likely to be signed on side-lines of Macron’s scheduled visit to Egypt
Agreements include social protection projects, mobile health clinics, fashion’s technical support, states ministerial data

Egyptian-French Business, political, military relations thriving
Total net French investment reaches about $4.9bn with more than 160 French companies

Dubai tops Egypt to become world’s first global real estate investment destination
Total real estate transactions in Dubai rose by 15% compared to last year, says UAE’s central bank

Egypt, France carry out joint military drills in Red Sea
Drills aim at confronting terrorism, naval security threats, as well as exchanging training expertise

Closer look at economic, political cooperation between Egypt, US
Economic expert calls for new business map with US

Egyptian, Sudanese, Ethiopian officials discuss GERD infrastructure fund projects
Relations between Egypt, Ethiopia witnessed positive progress in last weeks

EIB approves €1.8bn investments for Egypt, Jordan, Lebanon, Morocco, Tunisia
EU member states give €130m grant to create jobs, improve education, transport, water, energy

Stability of EGP value a good sign to exchange currencies between Egypt, China, says Chinese ambassador
Egyptian exports to Chine have been increased by 300% during previous year due to efforts by two governments, says Song

Police kill four alleged militants in Assiut
Security forces claim dead men were members of Hasm militant group

Egypt to participate at UN High-level Political Forum in July
Country will present its voluntary national reviews towards sustainable development goals

Exploration drilling in Nour field begins in September
A source at the Ministry of Petroleum said that the Italian company Eni and Tharwa Petroleum Company will begin digging the first exploration well of the Nour gas field in the concession area in the Mediterranean after obtaining the necessary approvals from the Ministry of Petroleum. Drilling is expected to begin in mid-September

France’s foreign minister visits Egypt to discuss regional political issues
Official visit comes after Libya’s UN-backed government urged Security Council to block ‘illegal’ oil sales in war-stricken country

CBE launches initiative to settle debts of 3,500 companies, 337,000 individuals
Initiative to benefit NBE, Banque Misr, Banque du Caire, Export Development Bank, EALB, ABE, UBE, IDWBE clients

IFC, Financial Regulatory Authority begin consultations on green bond guidelines in Egypt
The IFC has been assisting the FRA in formulating draft guidelines for green bonds that will now undergo a consultation process with market stakeholders by providing comparative studies from international markets

Egypt, France sign MoU for investment cooperation
AFD agrees to provide €60m in funding for social protection, in addition to €2m technical support grant

CBE to launch innovation support fund worth EGP 1bn in H1 2019: CBE deputy governor
Banks injected EGP 85bn to fund SMEs within CBE’s initiative thus far, says Helal, Increase in EG Bank customer base to 200,000 thanks to new strategy adopted to support young people, says Assar

Op-ed review: Blaming EFA, bad management for Egypt’s ‘humiliating’ World Cup defeat, exit
Egypt’s successive defeats in the World Cup dominated writers’ op-eds on Wednesday

Agriculture Ministry official sentenced to 10 years
Aziz is part of bigger corruption case at ministry

Prosecution accuses top police officer of torture
Four police officers being detained for four days pending investigations

WFP approves allocating $454m to ensure food safety, end malnutrition in Egypt
Programme provides nutritious snacks to vulnerable children in public, community schools

2017 witnessed 10% drop in Schengen visa applications at Egypt consulates
The official statistics showed that 172,371 applications were submitted in Egypt for a uniform visa in 2017, down from 189,327 Schengen visa applications in 2016

GERD scientific committee concludes meeting in Khartoum
The scientific committee of the Grand Ethiopian Renaissance Dam (GERD) concluded its two-day meeting in Khartoum on Tuesday, after reviewing the proposals of Egypt and Sudan on how the interests of both countries cannot be harmed. They also discussed deciding a date for the next nine-party meeting on the dam, which was scheduled to be …

Parliament to form fact-finding committee to investigate EFA’s World Cup violations
Parliamentary youth and sports committee criticises EFA for involving Liverpool star Mohamed Salah in political disputes between UK, Chechnya

Link Development’s Count Big redefines quality of census data used by governments in EMEA
Link Development, a global technology solutions provider and an A15 company, unveiled on Tuesday an update of its flagship digital census platform, Count Big, to help government agencies worldwide, and specifically in Europe, the Middle East, and Africa (EMEA), in conducting cost-efficient censuses, surveys, and inspections to build the future based on accurate data and …

Ministers of communications, military production discuss cooperation on implementing future plans to develop communications, IT sectors
Minister of Military Production Mohamed Al-Assar met with Minister of Communications and Information Technology Amr Talaat to discuss joint cooperation and lay out proposals to implement future plans. Al-Assar reviewed several projects implemented in cooperation with the Ministry of Communications, including deepening local manufacturing in the electronics industry, establishing solar energy plants in the technological …