Leading News Source For Middle East
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
Egypt and Qatar are holding talks to expand investments in new areas and increase their volume, especially in the energy sector, Egypt’s Minister of Trade and Industry Nevin Gamea said, Arab News reports. The Egyptian official took part in the Read more
Lebanon and Egypt inked, on Tuesday, a deal to import Egyptian gas to a power plant in northern Lebanon through Syria, reports say. Per deal, Egypt will send 650 million cubic meters of gas through Syria to Lebanon annually. The Read more
Saudi Crown Prince Mohamed bin Salman arrived Monday in Egypt as part of a regional tour that will take him to Jordan and Turkey. President Fattah al-Sisi welcomed the de facto leader of the Gulf country at the airport. The Read more
Egyptian President Abdelfattah al-Sisi Monday praised Saudi Arabia and the UAE for supporting the Arab African country economically as it faces an acute economic hardship compounded by the Russia-Ukraine crisis, Middle East Monitor (MEMO) reports. “Saudi Arabia and the UAE Read more
Egypt’s President Abdelfattah al-Sisi Monday revealed that the North Arab republic has postponed a third rise in electricity prices to mitigate burdens on citizens caused by the global economic crisis, reports say. The Egyptian leader who spoke during the inauguration Read more
Abu Dhabi’s ADQ has entered into a definitive agreement to acquire Turkish pharmaceutical company Birgi Mefar Group (BMG), Zawya reports. The Abu Dhabi Media Office broke the news on Monday but did not disclose details on the potential acquisition. The Read more