Egypt subscribes $1bn loan from International Islamic Trade Finance Corporation to finance petroleum imports

Egypt has signed up for a 1-billion loan from International Islamic Trade Finance Corporation (ITFC) to finance petroleum imports, Middle East Monitor (MEMO) reports citing the Arab country’s Ministry of Petroleum. The loan according to the ministry will cover 2021 Read more

Former head of Egyptian Supreme Constitutional Court elected as new Parliament Speaker

The Egyptian parliament Tuesday elected former Chief Justice of the Supreme Constitutional Court (SCC) Chancellor Hanafy Ali El Gebali as its new speaker close to President Abdelfattah al-Sisi. 71-year old Gebali obtained 508 votes out of 576 to beat his Read more

Qatar’s Finance minister inaugurates hotel in Cairo

Qatari Finance Minister Ali Al Emadi Tuesday opened a Qatari-financed luxury hotel in the Cairo –first ever visit by a top Qatari official following agreement between Egypt and Qatar to end long standing diplomatic rift. Emadi attended the ceremony alongside Read more