Egypt sews out €145m from AfDB to advance railway system

Egypt secured Sunday a credit line worth €145 million from the African Development Bank (AfDB) to improve its railway system in the wake of a string of deadly train accidents. The financing was signed between the Minister of International Cooperation Read more

Addis Ababa rejects and qualifies US sanctions of inappropriate and unacceptable

This is a new milestone in U.S.-Ethiopia relations. Washington has decided to impose sanctions against Ethiopian and Eritrean officials. First there will be visa restrictions, followed by heavy financial sanctions, including in the areas of security and economic assistance. The Read more

Erdogan accuses UEFA for playing politics as Champions League final moves to Porto

Turkish President Recep Tayyip Erdogan Wednesday laid into the European football governing body, UEFA, arguing that the organization’s recent decision to move the final of the European Champions League to Porto instead of Istanbul was politically motivated, Arab News reports. Read more

Egypt pledges $500m to Gaza reconstruction, reopens Rafah crossing

Egypt Tuesday vowed to allocate $500 million for the reconstruction of Gaza, ravaged by the Israeli air power amid the ongoing new conflict. The presidential office said in a statement issued Tuesday that Egyptian construction companies will rebuild the damaged Read more