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Qatar-based Al Jazeera news network Wednesday launched a lawsuit against Egypt which it accuses of causing a loss of $150 million and crackdown on its journalists in 2013, following the military coup against Islamist President Mohamed Morsi. The network says Read more
Egyptian authorities on Sunday said they have seized at least $34 million in assets of the Muslim Brotherhood members since 2013. The State’s committee, which is tasked with managing the banned organization’s funds, said at a press conference in Cairo Read more
President Xi Jinping of China announced on Thursday multibillion dollar investment plans in the Middle East. Addressing the Arab League in Cairo, President Xi unveiled a multimillion dollar investment plan in the Middle East, including special loans worth $15billion to Read more
In February, Egypt will host the first African Investment Forum to discuss how to accelerate private sector engagement and investment within Africa and help develop new ties and partnerships, as well as highlight the African opportunity. The Forum, initiated by Read more
Egypt announced Thursday injection of additional $32 million to improve security in tourism resorts and archeological sites across the country following two attacks on tourists in January. Egyptian Minister of Tourism Hisham Zaazou announced the series of measures including installation Read more
Cairo and Tel Aviv confirmed on Sunday that Egypt’s new ambassador to Israel, Hazem Khairat, arrived on Friday and would soon be presenting his credentials. The North African country recalled its ambassador from the Jewish state in 2012 under the Read more
The foreign and irrigation ministers of Egypt, Ethiopia and Sudan who are meeting in Khartoum reached an agreement on several aspects of the Grand Ethiopian Renaissance Dam (GERD) which will help to appease Cairo’s concerns over its effects. Sudan’s foreign Read more
Egypt’s Energy Minister Mohamed Shaker told reporters that the contract for the construction of the Dabaa nuclear plant will be finalized next month with Russia; thereby ending the much awaited project that was announced since 2007 during President Mubarak’s era Read more
A spokesman of the oil company newly established by the Tobruk-based government to oversee oil dealings in areas under its control stated that an agreement has been reached with Egypt for the supply of 2 million barrels of crude oil. Read more
A day after King Salman of Saudi Arabia pledged that investments of the oil rich Kingdom in Egypt including aid to reach at least $8 billion within the next five years, the deputy crown prince Muhammad Bin Salman met with Read more