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Egypt has approved a financing request of EGP 3 billion (about $191 million) by national carrier EgyptAir to be used to pay external debt, reports say. The Central Bank of Egypt will release the funds in form of loan, state-run Read more
Egypt’s national flag carrier EgyptAir has revealed that the ongoing blockade imposed by the North African country, Saudi Arabia, United Arab Emirates (UAE) and Bahrain on Qatar over its alleged support for terrorism has created a significant dent in the Read more
The Egyptian national carrier announced Wednesday acquisition of nine Boeing planes in an attempt to beef up its fleet at a time the airline is challenged by aviation incidents. The deal, worth $864 million, is mostly sponsored by the United Read more