Saudi Arabia-based IsDB opens first regional headquarters in Egypt

Jeddah-based Islamic Development Bank (IsDB) has opened its first regional headquarter in Cairo, Egypt, Arab Finance reports. The bank made the announcement in an email press release seen by the media, following the 2022 Annual Meetings, which was held in Read more

Abu Dhabi Ports Group inks deals with Red Sea Ports Authority on project in Egypt

Abu Dhabi Ports Group and Egypt’s Red Sea Ports Authority have signed a term sheet and a head of terms agreement for the development of major port projects along Egypt’s coast, Zawya reports. Per the first deal, AD Ports Group Read more

Al-Sisi hosts Abu Dhabi Crown Prince, Israeli Prime Minister in Sharm El Sheikh

Egypt’s President Abdelfattah al-Sisi Tuesday hosted in the resort city of Sharm El Sheikh both Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces and Israeli Prime Minister Naftali Bennett in a Read more

British tourism return to Egypt’s resort city Sharm El-Sheikh after one-year hiatus

The Egyptian resort city of Sharm El-Sheikh on the Red Sea welcomed Sunday the first flight of British tourists to the resort since more than a year’s suspension due to the coronavirus pandemic. 150 passengers touched down Saturday at the Read more

Putin launches Dabaa nuclear Plant construction in Egypt

Russian President signed Monday in Cairo with his host al-Sisi an agreement launching the construction of the multi-billion Dabaa nuclear station, sponsored by Moscow. President Vladimir Putin arrived In Cairo from Syria where he ordered partial pullout of Russian forces Read more