Leading News Source For Middle East
Egypt’s President, Abdel Fattah al-Sisi, has emphasized the need for an international strategy to rebuild Gaza without the forced displacement of its Palestinian residents. Speaking in Madrid alongside Spain’s Prime Minister on Wednesday February 19, Sisi strongly reiterated that Palestinians Read more
Egypt has successfully secured on February 4 a $1.6 billion loan from the Jeddah-based Islamic Development Bank (IsDB) Group to bolster its critical sectors and stimulate economic growth. The loan package is part of a broader strategy to increase private Read more
Egyptian President Abdel Fattah el-Sisi and Jordan’s King Abdullah have firmly opposed any proposal for the forced displacement of Palestinians, following remarks made by US President Donald Trump, suggesting Arab countries take in Palestinians from Gaza. At a press conference, Read more
Egypt’s Net Foreign Asset (NFA) surplus experienced a notable increase in September, rising 6 percent to reach $10.31 billion from $9.7 billion in August, according to Central Bank of Egypt (CBE) data on November 2. This marks the fifth consecutive Read more
President Abdel Fattah El-Sisi announced Sunday October 27 that Egypt recently proposed a two-day ceasefire in Gaza, aiming to secure the release of four hostages in exchange for Palestinian prisoners held in Israeli prisons. Speaking at a news conference, Sisi Read more
Saudi Crown Prince and Prime Minister Mohammed bin Salman held extensive talks with Egyptian President Abdel Fattah El-Sisi in Cairo, on Tuesday, October 15, focusing on strengthening bilateral relations and addressing shared regional concerns. Discussions covered a wide range of Read more
Prime Minister Mostafa Madbouly announced that Egypt’s external debt has dropped by over $15 billion in just six months. Speaking after the Cabinet meeting on October 2, he highlighted the government’s continued economic reforms, with a focus on strengthening the Read more
ACWA Power, a Saudi company, is set to secure $1.5 billion for a wind energy initiative in Egypt’s Suez by November 2024. The project, boasting a total capacity of around 1,100 megawatts, will be situated in the Gulf of Suez Read more
Saudi Crown Prince and Prime Minister Mohammed bin Salman expressed his intent to visit Egypt soon and meet with President El-Sisi, while announcing a $5 billion investment by the Saudi Public Investment Fund in Egypt. This marks the first phase Read more
Egypt and UAE have signed an agreemen in the field of building Data centers, the office of Egyptian Prime Minister Mustafa Madbouli has announced. The Memorandum of Understanding (MoU) was signed Monday December 18 by Amr Talaat, Egypt’s Minister of Read more