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As many as 23 people have been arrested in Egypt on charges of negligence and failure to observe laws and regulations while performing their jobs in connection with investigation into a train crash on Sunday that killed 23 people, Arab Read more
Egypt’s Prime Minister Mostafa Madbouly paid a state visit to his Libyan counterpart Tuesday in a move to renew relations between the two countries, reports say. During the visit, Madbouly and Abdul Hamid Dbeibah, head of the Libyan National Government Read more
At least 11 people died Sunday in a train accident north of capital Cairo bringing the number of similar tragedies in the Arab republic to three in a month. At least four of the passenger train’s carriage derailed shortly after Read more
20 people died in a collision Tuesday after a bus on which they were traveling overturned while trying to pass a truck, in southern Egypt, The New Arab reports citing Egyptian authorities. Essam Saad, governor of the southern province of Read more
Egypt is currently working on a secret prisoner exchange deal between Palestinian resistance movement Hamas and Israel, Al Quds Al Arabi reported. An Egyptian high lever delegation led by Major General Ahmed Abdel Khaleq, who is in charge of the Read more
The African Development Bank, AfDB, Tuesday announced Tuesday a credit line of €145 million for Egypt to help enhance operational safety and to increase network capacity on national rail lines, The New Arab reports. “The planned upgrades are expected to Read more
Kuwait’s sovereign wealth Fund also known as Kuwait Investment Authority (KIA) is planning to makes investment in five companies operating in Egypt, in next coming two years, reports say. Ahmed El-Khatib, Chief Investment Officer at Ekuity Holding, KIA investment arm Read more
Faragalla Group, an Egyptian private Food and Beverages giant, will set up by the end this year two plants in Sudan and Rwanda as part of the company’s expansion plan. Mohamed Farag Amer, chairman of the group told, Arab Finance Read more
Abu Dhabi’s third investment fund, ADQ, has acquired for $740 million Egypt-based Amoun Pharmaceutical Co. controlled by Canada-based Bausch Health Companies Inc. Bausch Health Companies Inc. in a statement Wednesday said it reached a deal with ADQ to relinquish its Read more
Egyptian authorities Thursday announced temporal suspension of navigation in the Suez Canal until the completion of flotation work of the stuck vessel. “Admiral Osama Rabie, Chairman and Managing Director of the Suez Canal Authority has announced today; Thursday March 25th, Read more