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The air forces of the US and Egypt have carried out a joint training exercise at a base in the North African country, strengthening military cooperation between the two countries, Arab News reports. The exercise involved a series of lectures Read more
State-run El Nasr for Export and Import (Gosoor) opened Monday six oversea branches in Ghana, Cameroon, Sudan, Emirates, France and China as part of the North African country’s efforts to boost its exports. The branches are part of 16 total Read more
Dubai-based start-up YAP, which operates a digital banking app, has raised $41 million to fund its expansion in the Middle East, Africa and Pakistan, Zawya reports. The investors include Saudi Arabia’s Aljazira Capital alongside Abu Dawood Group, Astra Group and Read more
Egypt has suspended activities at several Red Sea beaches after two women tourists were killed in two separate shark attacks last Friday. The first victim was a 68-year-old Austrian woman. She lost an arm and a leg due to a Read more
Bahraini King Hamad bin Isa Al Khalifa and visiting Egyptian leader Abdelfattah al-Sisi signed Wednesday a group of Memorandum of understanding (MoU) covering several areas including technology and investment. Al-Sisi travelled to the Gulf country to attend the inauguration of Read more
The World Bank’s Board of Executive Directors yesterday approved a $500 million loan to bolster Egypt’s efforts to ensure that poor and vulnerable households have uninterrupted access to bread, to strengthen Egypt’s resilience to food crises and to support reforms Read more
Egypt is currently negotiating with Qatar on new investments ranging between $2bn-3bn, Minister of Finance Mohamed Maait announced on Monday, Zawya reports. Maait did not provide details but the announcement comes after Qatar’s ruler Sheikh Tamim al Thani visited Egypt Read more
India has offered to set up production facilities for manufacturing light combat aircraft (LCA) as well as helicopters in Egypt as the Egyptian army contemplates placing orders. Sources who asked not to be named, told The Economic Times, the Egyptian Read more
Qatar’s Emir Tamim bin Hamad Al Thani is set to visit Cairo on Friday, his first visit in the most populated Arab country since 2017 the year Saudi Arabia, UAE, Bahrain and Egypt cut off ties with the tiny Gulf Read more
Arab-German Chamber of Commerce and Industry signed Thursday a five-year agreement with Egypt to open a regional office in Cairo, the Egypt government said in a statement, Arab Finance reports. The deal according to the statement contributes to the creation Read more