• UAE and Egypt presidents hold discussions in Cairo to boost ties

    Cairo, Egypt-- UAE's President Sheikh Mohamed bin Zayed Al Nahyan and his counterpart from Egypt Abdel Fattah El-Sisi met in Cairo to discuss the close bonds between the two countries and ways to expand them further. The two leaders explored opportunities for further collaboration within the framework of the strategic...
  • Al-Azhar Ash-Sharif celebrates 1084th anniversary

    Cairo, Egypt -  Historic al-Azhar Mosque marked its 1084th anniversary of its founding on March 17,  celebrated by al-Azhar ash-Sharif with distinguished scholars and leaders in attendance.  The event, held annually on the seventh day of Ramadan, features various activities highlighting the mosque's rich history, educational institutions, notable scholars, and...
  • European Union and Egypt to sign $8 billion funding package

    Cairo, Egypt -- The European Union, which is seeking to stem the inflow of irregular migrants, announced Sunday a 7.4 billion euro ($8 billion) package of loans, grants and energy cooperation deals with cash-strapped Egypt. It will include billions in loans over coming years and aims to step up Egyptian energy...
  • Massive fire destroys prestigious Arab film studio in Egypt

    CAIRO, EGYPT – A major fire here destroyed one of the Arab world's most prestigious and oldest film production houses, founded 80 years ago, an AFP journalist said. Flames overtook the Al-Ahram Studio in Cairo's Giza district, burning everything inside and spreading to three surrounding buildings which were evacuated before the...
  • CI Capital 2023 revenue $134m

    The firm’s performance was fueled by strong growth.
  • Hamas expresses dissatisfaction over Israel’s stance on Gaza truce

    A senior Hamas official confirmed that the group's delegation in talks seeking a Gaza truce left Cairo for consultations in Doha, while voicing dissatisfaction with Israel's responses. "We are awaiting the final official response from the enemy (Israel)," said the official, who was involved in negotiations in Cairo but declined...
  • Egypt’s IMF loan increased by $5bn after central bank floats pound

    The agreement, announced by Egyptian Prime Minister Mostafa Madbouly and the IMF's mission chief for Egypt, Ivanna Vladkova Hollar, came hours after the country's central bank hiked interest rates and said it was floating the pound. By the time the markets closed on Wednesday, the Egyptian pound was trading at a...
  • Diplomacy the ‘only way’ to end Israel-Hizbollah clashes: US envoy

    "A diplomatic solution is the only way to end the current hostilities" and achieve "a lasting fair security arrangement between Lebanon and Israel", Washington's envoy Amos Hochstein told reporters in Beirut, adding that "a temporary ceasefire is not enough". "A limited war is not containable," he said after meeting with parliamentary...
  • Qatar and Egypt hold talks to ramp up civil aviation cooperation

    Cairo, Egypt-- Qatar and Egypt have discussed enhancing ties in the field of civil aviation between the two countries. In this connection, the civil aviation officials from the two countries held talks in Cairo to boost the cooperation. Mohamed bin Faleh Al Hajri, in charge of managing Qatar Civil Aviation...
  • Gaza truce talks in Cairo as heavy fighting rages

    An Israeli siege on Gaza has sparked UN warnings of famine, and France's foreign ministry said Israel is "clearly responsible" for aid blockages. On Saturday the United States started airdropping food rations. Jordan and some other countries have already done so.
  • UAE to invest $35 billion to help solve currency crisis: Egypt PM

    Madbouly said the investment would "contribute to resolving" a hard currency crunch which has threatened Egypt's ability to service its large foreign debt and allow it end separate official and black market exchange rates for the Egyptian pound.
  • As truce talks resume in Cairo, people in Gaza suffer from hunger

    Heavy fighting rocked besieged Gaza as aid agencies warned of looming famine and new talks were held in Cairo towards an Israel-Hamas ceasefire and hostage release deal. The White House sent Middle East envoy Brett McGurk for renewed talks, a day after a UNSC resolution calling for a ceasefire was...
  • Hamas chief says group seeks complete truce in Gaza

    Palestinian Territories - Hamas chief Ismail Haniyeh on Saturday reiterated the group's demand of a complete ceasefire in Gaza, a day after US President Joe Biden called for a "temporary truce" to secure the release of hostages. High-level negotiations to pause the Israel-Hamas war in Gaza were held this week...
  • Hamas heads to Cairo truce talks as Rafah braces for Israeli assault

    CIA Director William Burns had joined Tuesday's talks with David Barnea, head of Israel's Mossad intelligence service, which Egyptian media said had been mostly "positive". US National Security Council spokesperson John Kirby described the negotiations as "constructive and moving in the right direction".
  • Riyadh Season opens registration for SEVEN Concours 2024 global car auction

    Riyadh, Saudi Arabia - The Riyadh Season has announced the commencement of registration for the SEVEN Concours 2024 exhibition, the largest event for enthusiasts of sports and exotic cars in the Middle East. Registration for participation in the exhibition is available via the following link: https://www.sevencarlounge.com/ The exhibition will feature...
  • Newly restored tomb of Neferhotep in Luxor opens to tourists

    Cairo, Egypt -- After more than two decades of restoration, the tomb of Neferhotep, a high-ranking 18th dynasty senior official during the reign of King Ay, was officially opened on Sunday. According to Ahram Online, the tomb, located in the Al-Khokha area on Luxor’s West Bank, was opened during a...
  • Palestinian official says Hamas still seeks truce despite Israeli denial

    "We expect the negotiations to be very complex and difficult but Hamas is open to discussions and the movement is keen to reach a ceasefire," added the official, who is familiar with the negotiations. "The two parties will hold several rounds of negotiations indirectly," he said on condition of anonymity
  • New round of Gaza negotiations to start in Cairo: Egypt source

    Cairo, Egypt -- Egypt and Qatar are sponsoring a new round of negotiations to start Thursday in Cairo aimed at achieving "calm" in Gaza as well as a hostage release deal, an Egyptian official said. A Hamas source with knowledge of the matter confirmed the Palestinian group had agreed to the...
  • Egypt forms review team on restoring pyramid after outcry

    Cairo, Egypt - Egypt's antiquities ministry said on Saturday it was setting up a committee to review the restoration of Giza's Menkaure Pyramid after a public outcry over the project. A week ago, the head of Egypt's Supreme Council of Antiquities, Mostafa Waziri, posted a Facebook video showing workers setting blocks...
  • Hamas gives ‘initial’ approval to plan for Gaza war pause

    A Hamas source had told AFP the three-stage plan would start with an initial six-week halt to the fighting that would see more aid deliveries into Gaza. Only "women, children and sick men over 60" held by fighters would be freed during that stage in exchange for Palestinian captives in...
  • Hamas head due in Cairo for truce discussions

    As Qatari and Egyptian-led mediation efforts intensified, Hamas leader Ismail Haniyeh was due in Cairo on Thursday to discuss a truce proposal thrashed out in Paris last weekend with CIA chief William Burns. Israel's withering air, land and sea offensive has killed at least 26,900 people in Gaza, most of...
  • Cairo arts center razed for Old City makeover

    Cairo, Egypt - Nestled in the heart of the historic capital here, a cultural center synonymous with the city's art scene has been razed, the latest heritage site torn down for contentious development projects. Authorities have been aggressively remaking parts of Cairo, a longtime cultural beacon of the Arab world, to...
  • Baims acquires Orcas Edtech

    The firm plans to incorporate one-to-one tutoring services.
  • ADIB-Egypt introduces Shariah-compliant private banking services for HNWIs

    Cairo, Egypt – ADIB-Egypt has launched its exclusive portfolio of Private Banking Services, providing a Shariah-compliant banking proposition for its high-net-worth clients. This personalized proposition is designed to offer a premium range of wealth management services catering to clients with account balances starting from EGP 20 million ($64 million) upwards, or...
  • Central Bank of Egypt keeps interest rates unchanged

    Cairo, Egypt – The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has kept the current key interest rates unchanged in its final meeting of 2023.  The decision leaves the overnight deposit rate at 19.25 percent, the overnight lending rate at 20.25 percent, the main operation rate...
  • Egypt’s Sisi wins third term despite painful economic crisis

    The outcome of the December 10-12 poll was widely expected after the former army chief with a fondness for infrastructure mega-projects campaigned against a small field of relative unknowns. It secures 69-year-old Sisi his third and, according to the Egyptian constitution, final term in office, starting in April and set...
  • Gaza safe zones declared by Israel neither safe, nor humanitarian: UN

    "The so-called safe zones... are not scientific, they are not rational, they are not possible, and I think the authorities are aware of this," James Elder, spokesman for the UN children's agency UNICEF, told reporters in Geneva.
  • Gaza situation approaching humanity’s ‘darkest hour’, says WHO

    Richard Peeperkorn, the WHO's representative in the occupied Palestinian territories, said that since the start of the war, there had been 120,000 acute respiratory infections; close to 26,000 people with scabies and lice; 86,000 cases of diarrhea, including 44,000 among children aged under five, which he said was 20 to...
  • Beltone 9M net profit at $2.7m

    In 9M, the firm's restructuring led to a turnaround.
  • Fishing nations pledge to protect sharks, rays

    CAIRO, EGYPT -  Atlantic fishing nations have agreed to better protect sharks and rays by limiting the retention of several bycatch species, but advocacy groups warn progress is still lagging. At the conclusion of the International Commission for the Conservation of Atlantic Tunas (ICCAT) this week, countries agreed on "new measures...
  • EU chief says union against ‘forced displacement’ of Palestinians

    Cairo, Egypt - European Commission President Ursula von der Leyen on Saturday said she was opposed to the "forced displacement of Palestinians" during a meeting in Cairo with Egyptian President Abdel Fattah al-Sisi. Von der Leyen "thanked Egypt for its key role in providing and facilitating humanitarian aid to vulnerable Palestinians",...
  • Egypt and Qatar to discuss ceasefire efforts in Gaza

    The high-level meeting in Cairo comes ahead of Saturday's summits in Saudi Arabia, where Arab and Muslim leaders are expected to press for an end to more than a month of fighting.
  • 7,000 Palestinians killed in 20 days of Israeli bombardments: Ministry

    Hamas released a list of around 7,000 names of people in Gaza it said had been killed in Israeli strikes. The list was produced a day after US President Joe Biden said he had "no confidence" in the militant group's death toll figures. Israel says 1,400 people were killed in...
  • Premises of two Gaza hospitals shelled by Israel: report

    Cairo, Israel - The areas near Al-Shifa Hospital in Gaza City and Al-Quds Hospital in the western part of the Gaza Strip have been shelled by Israel's air force, Palestine's WAFA news agency reported, according to Russia's TASS news agency. WAFA said that the strikes aimed to hinder the operations...
  • Thousands rally in support of Gaza across Egypt, says media

    CAIRO, EGYPT – Tens of thousands of protesters rallied across Egypt in support of war-torn Gaza on Friday, with large crowds flooding into Cairo's iconic Tahrir Square, an AFP correspondent and Egyptian media said. The correspondent said several thousand packed into Tahrir Square, the epicenter of the 2011 uprising that toppled...
  • WHO says only 24 hours for aid to enter Gaza before catastrophe

    If aid is not allowed into the besieged territory, doctors will have to "prepare death certificates for their patients," WHO regional director for the eastern Mediterranean, Ahmed al-Mandhari told AFP. Monday marked 10 days of relentless Israeli air strikes on targets in the Palestinian enclave, in retaliation for an October...
  • Non-cash transactions in Egypt set to reach $16.34 billion in 2023

    Cairo, Egypt -  The Egyptian market is projected to reach an impressive $16.34 billion in non-cash transactions in 2023, while as global non-cash transaction volumes are set to hit a staggering 1.3 trillion in the year, reveals  the Capgemini Research Institute's 2023 World Payments Report. As consumers and businesses eagerly...
  • Heeding ‘people’s call,’ Sisi announces run for third term

    Cairo, Egypt - Egyptian President Abdel Fattah al-Sisi announced Monday his candidacy for a third term in office, ahead of December elections he is widely expected to win. "As I have responded to the people's call before, I heed the call now and announce my intention to run and complete the...
  • Egypt to elect President in three-day election from Dec 10

    President Abdel Fattah al-Sisi, a former army chief, has ruled for nearly a decade in the Arab world's most populous country, which is now mired in a deep economic crisis. Experts had predicted Sisi would move forward the 2024 election, ahead of a possible switch to a flexible exchange rate...
  • Egypt jails opposition activist ahead of next year’s presidential polls

    CAIRO, EGYPT - An Egyptian court has sentenced prominent dissident Hisham Kassem to six months in prison, his lawyer and political movement said, a move barring him from taking part in campaigning for next year's presidential election. It comes one day after Egypt's only candidate campaigning so far for the election,...
  • Inflation in Egypt hits record high of nearly 40 percent, says government

    Annual inflation in Egypt hit 39.7 percent in August, official figures showed, an all-time high for the country as it grapples with a punishing economic crisis. It comes after an unrelenting economic crisis that has seen the currency shed half its value against the US dollar since early last year.
  • Arab-Japan ties to see expansion to cultural, environmental, energy fields

    Cairo, Egypt-- Vowing to expand their relations to cultural, educational, environmental, and energy fields, Arab states and Japan have expressed satisfaction with the level of cooperation between the two. Dr. Abdullatif bin Rashid Al-Zayani, Minister of Foreign Affairs of Bahrain, participated in the third session of the Arab-Japan Political Dialogue...
  • Italy’s Eni plans to invest $7.7 bn in Egypt

    Cairo, Egypt - Italian energy giant Eni has revealed plans to invest $7.7 billion in Egypt's energy sector over the next four years, according to Egyptian Presidential spokesman Ahmad Fahmi. "The President values the distinguished Egyptian-Italian relations and the extended partnership with Eni, which executes multiple activities in Egypt according...
  • Egypt, Ethiopia restart talks over dam construction

    Cairo, Egypt - Egypt announced on Sunday that negotiations had resumed over Ethiopia's controversial mega-dam, after agreeing last month to reach a deal following years of tensions between the two countries. For years at loggerheads over the issue, Egyptian President Abdel Fattah al-Sisi and Ethiopian Prime Minister Abiy Ahmed had agreed...
  • Climate change to be discussed in Dubai COP28 meet, says Egypt minister

    Cairo, Egypt - Egyptian Minister of International Cooperation Dr. Rania Al Mashat, said the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28) is likely to address climate change issue and its effects on countries and people, local media reports said. The UAE will host...
  • Arab Parliament endorses call to support victims of terrorism

    Cairo, Egypt-- Arab Parliament on Monday endorsed the call for victims of terrorism in the Arab world to be supported "financially and economically" to overcome tragedies. The parliament said that those affected by the evil claws of terrorism in the Arab world must be supported to overcome their tragedies. The...
  • Egyptian President Sisi pardons jailed activist Ahmed Douma

    Egyptian activist Ahmed Douma, a leading figure of the country's 2011 uprising who has spent the last decade behind bars, has been granted a presidential pardon, lawyers said. "President Abdel Fattah al-Sisi... has used his constitutional powers" to pardon several prisoners including Douma, said Tarek Elawady, a member of the...
  • Central Bank of Egypt raises interest rate to 100 bps to combat inflation

    Cairo, Egypt – In a surprising move, the Central Bank of Egypt (CBE) announced on Thursday that it has raised interest rates by 100 basis points to contain the rising inflationary pressures. The lending rate was increased to 20.25 percent, and the deposit rate to 19.25 percent, while the credit...
  • Egypt energy-saving measures evoke satirical reaction among citizens

    Sweltering without air conditioning during the day and plunged into darkness at night, many Egyptians have responded with anger and ridicule to government measures for reducing energy consumption. Hours-long power cuts across Egypt, several times a day, prompted the directives as record temperatures hit the Mediterranean region this month.
  • Palestinian president, factions arrive in Egypt for talks

    Ahead of unity talks between various Palestinian factions boycotted by the militant group Islamic Jihad, President Mahmud Abbas arrived in Egypt on Saturday. Apart from chairing meeting of the heads of factions, the president is also scheduled to meet with the Egyptian counterpart Abdel Fattah El-Sisi, the Palestinian news agency...
  • UAE and Egypt to boost cooperation in higher education, scientific research

    Cairo, Egypt-- The UAE and Egypt are looking to ramp up cooperation in the fields of higher education and scientific research. In this connection, Sheikh Dr. Ammar bin Nasser Al Mualla, attaché of education and technology sciences of the UAE in Egypt, discussed with Mohamed Ayman Ashour, Minister of Higher...