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Saudi Arabia’s Public Investment Fund (PIF) is keen to inject investment into Egypt’s Sovereign Wealth Fund (TSFE) as well as into other projects, reports say citing a statement from the Egyptian government. TSFE has according to the statement submitted investment Read more
Cooperation deals between Egypt and the United States Agency for International Development (USAID) signed this year have reached $112.5 million (EGP 1.765 billion), Minister of International Cooperation Rania al Mashat has announced. The agreements have covered several areas including health, Read more
Egypt will deport seven Nigerians following their arrest at an unauthorized protest last month against the West African country’s notorious Special Anti-Robbery Squad (SARS), Nairametrics reports. A total of Eight were arrested at the October 18 anti-SARS demonstration in Cairo, Read more
German luxury car maker Mercedes-Benz is edging toward resumption of its car assembling operations in Egypt after exiting the North African country in 2015 citing unfavorable tariff policy. Two governmental source told local daily subscription media Enterprise that the German Read more
Egypt has instructed its media to water down criticism of Turkey at time both are engaged in secret talks to iron out conflicting files including Libya, reports say. A source in Egyptian state TV who asked not to be named, Read more
Kuwait has handed over to Egypt three Egyptian residents allegedly members of Muslim Brotherhood, an organization designated criminal in the North African Arab country. The three men, reports say, had been detained and had been charged for “launching an intense Read more
Nowpay, a start-up based in Cairo and which provides a financial-wellness platform for employees in emerging markets, has raised $2.1 million to deepen its presence in the Middle East and North Africa Region and increase the capabilities of its platform. Read more
Israel has said it will stand in the way of potential sales of F-35 jets by the U.S to Qatar after the Gulf country submitted a formal purchase request, reports say. Intelligence minister Eli Cohen, Sunday told Army radio, the Read more
A top Emirati official has slammed Turkish President Erdogan’s remark that Turkish military base in Qatar has contributed to the stability of the Gulf region. “The Turkish military presence in the Arab Gulf is an emergency,” Anwar Gargash, the UAE’s Read more
Turkish President Recep Tayyip Erdogan has lauded the presence of Turkish forces in Qatar as a stability and peace factor in the Gulf region. “No one except for those making plans of chaos should be disturbed by Turkey and the Read more