Leading News Source For Middle East
Qatar has intercepted and seized a Bahraini boat for entering illegally the territorial waters of the tiny gas-rich Gulf country, reports say. Qatari Coastline Security General Directorate sent, Doha News reports, a fax to Bahrain’s Naval Operations Centre of Coast Read more
Forbes Magazine has listed three Egyptian companies in its choice of the Middle East and North Africa top 10 sustainable companies. Cairo Solar, the Egyptian Company for Solid Waste (ECARU), and Karm Solar are the greenest companies in Egypt according Read more
The Egyptian resort city of Sharm El-Sheikh on the Red Sea welcomed Sunday the first flight of British tourists to the resort since more than a year’s suspension due to the coronavirus pandemic. 150 passengers touched down Saturday at the Read more
A ruling by Egypt’s Examination and Investigation Commission ordered the unfreeze of the funds of Alaa and Gamal, the sons of the late President Hosni Mubarak, and their families. “Ending the prohibition order No. 3 of 2011, related to each Read more
German automaker Mercedes-Benz will start supplying from this month 2,510 ambulances and mobile medical clinics to the Egyptian Health ministry as part of a deal estimated at around $190 million, Arabian Finance reports. The health ministry’s spokesman Khaled Megahed in Read more
UAE-based restaurant, patisserie, baker and artisan cheese seller, Jones the Grocer has revealed it will open 10 new outlets within a year and will double its footprint to 50 stores in total within five years, Zawya reports. Grocery store, café Read more
Ethiopia has closed down its diplomatic mission in Kuwait as part of Addis Ababa’s measures to cut global spending around the world. The Ethiopian embassy in the Gulf country announced it is preparing to ‘permanently’ close down its mission in Read more
Egypt will welcome in 2023 the annual meeting of the board of governors of the African Development Bank (AfDB) following approval by the Abidjan-based bank of a request by the Arab country. The board unanimously rubber-stamped Egypt’s request Wednesday, during Read more
Five Egyptian state-run companies will be listed during the fiscal year (FY) 2021/2022, on the country’s stock exchange, Egyptian Exchange (EGX). Finance Minister Mohamed Maait speaking to CNBC Arabia said the companies include e-Finance, Banque du Caire, and Ghazl El Read more
South Korea will provide Egypt with a loan worth $250 million for the railway modernization project, as part of efforts to promote economic cooperation with Cairo, Arab Finance notes, citing the Ministry of Finance. The Economic Development Cooperation Fund (EDCF) Read more