The court sentenced Ali to life in prison together with 37 co-accused, while several dozen others were handed prison terms of between five and 15 years, state media reported. Such courts often deal with "terrorism" offences, and their sentences cannot be appealed. Local media said Ali, 48, was placed on...

Egypt's economy was hit hard after Russia's invasion of Ukraine last February unsettled global investors and led them to pull billions out of the North African country. The war sent wheat prices spiralling - heavily affecting Egypt, one of the world's largest grain importers, and piling pressure on its foreign...

In Egypt, the music industry remains male-dominated, while the country's cultural establishment marginalizes and even bans electronic music artists.

Egypt has detained three people for attempting to steal a millennia-old statue with a crane in the ancient southern city of Aswan, some 675 kilometers south of Cairo on the Nile. In a statement the public prosecutor's office said that it had ordered three defendants to be held in custody...

Cairo, UAE--Egypt's annual urban consumer inflation in December shot up to 21.3 percent from 18.7 percent in November, exceeding analyst expectations. Data from the statistics agency CAPMAS showed on Tuesday that the inflation figure was the highest since December 2017, when it hit 21.9 percent. The price rises followed a...

The oil-rich kingdom, along with Egypt and Greece, is considering a bid to host world football's 2030 showpiece tournament, and Ronaldo's ambassadorial role will bring his reported earnings in the country to over $428 million. Ronaldo is expected to make his Al Nassr debut on Jan. 22.

Cairo, Egypt - A Cairo court has sentenced to life in prison a Ukrainian woman arrested at the Egyptian capital's airport with a bag of cocaine, a judicial source said Sunday. Liudmyla Balakina, who lives in the Netherlands, had been convicted of drug smuggling following her arrest in April upon arrival...

Cairo, Egypt--The Engineering Export Council (EEC) of Egypt has announced that the sector’s exports increased by 10% to $3.32bn from January-November 2022, compared to $3bn in the same period in 2021. Also read: Egypt economy to grow 5.2% in 2021-22 According to the EEC's monthly report, the most notable industries...

CAIRO, EGYPT - The UAE Parliamentary Division of the Federal National Council (FNC) on Saturday took part in the 29th edition of the meetings of the Arab Inter-Parliamentary Union’s executive committee in Cairo. The UAE was represented by Naema Abdulrahman Al Mansouri, Head of the UAE Parliamentary Division at the...

ADIB stated that it had acquired 9.6 million shares from National Investment Bank, in a disclosure to the Abu Dhabi Securities Exchange (ADX) on Thursday,

ADIB acquired 9.6m shares from National Investment Bank.

Cairo, Egypt--Public anger has been growing for months in Egypt over a severe dollar crunch and soaring food prices. But for many a money-saving tip from a state body has been the last straw. As families have struggled to purchase household staples, an Egyptian government agency praised an alternative, cheap protein...

Ducab's supplying medium voltage and earthing cable.

Cairo, Egypt---Egypt announced Monday the recovery of a sarcophagus lid dating back nearly 2,700 years that it said had been smuggled out and put on display at a museum in the United States. Egyptian Foreign Minister Sameh Shoukry announced the recovery of the artefact, known as the "Green Sarcophagus", during a...

Three Egyptian policemen were killed in the attack, the first of its kind in nearly three years in mainland Egypt, which has largely been spared the deadly insurgency in the nearby Sinai peninsula.

Cairo, Egypt--Egypt’s President Abdel Fattah El-Sisi on Thursday approved a document outlining 62 economic activities the state will withdraw from and turn over the private sector, a cabinet statement said. The document’s approval was required by the International Monetary Fund, which this month approved a 46-month, $3 billion financial support...

Medical sources confirmed the casualty toll from the attack, for which there was no immediate claim of responsibility. In the past few years, attacks against security forces have been concentrated in the restive Sinai, where jihadists affiliated with the Islamic State group continue to operate. Eleven soldiers were killed on...

Riyadh, Saudi Arabia--Saudi Arabia has invested some $6.12 billion in more than 6,000 projects in Egypt, according to the Minister of Trade and Industry of Egypt Ahmed Samir.  The trade minister announced the investment figure during his visit to Riyadh on Dec. 25, where he met Saudi ministers and senior...

A basketball match in Cairo turned into a scene of tragedy when part of a sports stadium where the match was being played collapsed, injuring at least 27 people. According to Egypt's health ministry, most of the people had fractures and bleeding, but "most were non-life-threatening injuries."

Riyadh, Saudi Arabia-- Egypt’s economic growth is expected to decline to 4.5 percent in the fiscal year 2022-23 from 6.6 percent in 2021-22, affected by the Russia-Ukraine war overlapped with persisting COVID19-related disruptions, according to the World Bank’s Egypt Economic Monitor report. But the growth is forecast to inch up...

Through strategic investments in our vehicles, services, businesses and technologies, we are leading the way toward a cleaner, smarter and safer society, adds West, the Managing Director of OnStar Middle East Operations and Future Mobility General Motors Africa and Middle East.

Cairo, Egypt-- The Central Bank of Egypt has raised the overnight interest rates by 300 basis points, exceeding expectations. The Monetary Policy Committee (MPC) of the Central Bank of Egypt raised the overnight deposit rate, overnight lending rate, and the rate of the main operation to 16.25 percent, 17.25 percent, and...

Allaying fears over the future of the Suez Canal, its chairman said the waterway 'is not for sale. The fear was stocked over a draft law in parliament seeking to establish a sovereign wealth fund to "carry out all economic and investment activities" for the Suez Canal Authority.

WASHINGTON, UNITED STATES - The United States plans a meeting early in 2023 between Israel and Arab nations that recognize it as it pushes the incoming right-wing government of Benjamin Netanyahu to show restraint, a US official said Tuesday. Netanyahu is set to take office with the most right-wing government in...

Cairo, Egypt--The IMF's new $3 billion financial support package for Egypt aims to reduce government debt to less than 80 percent of the gross domestic product in the medium term, according to a cabinet report released on Saturday.  The IMF did not require the Egyptian government to cut spending on...

Washington, United States--The Executive Board of the International Monetary Fund on Friday approved a $3 billion loan to Egypt, with an immediate disbursement of $347 million, the IMF said in a statement. Egypt will benefit from the loan over 46 months under the Extended Fund Facility. The agreement is for 2,350.17 million...

The two countries explore areas of joint cooperation to strengthen political, economic, investment and trade relations.

Montreal, Canada-- Creating a new global fund for biodiversity -- a core demand of developing countries at UN talks in Montreal -- "would take years" and be less effective than reforming existing financial mechanisms, Canada's environment minister said Tuesday. Ottawa's position reflects the consensus among developed nations on the thorny issue,...

ASWAN, EGYPT - The governments of the UAE and Egypt inaugurated the Egypt Services Center in the Aswan Governorate, which is the first of its kind in Egypt. The inauguration is part of the strategic partnership between the two countries in government modernization. The Emirati delegation which attended the inauguration...

Cairo, Egypt—Egypt’s non-oil businesses have shown a contraction in November, resulting in output falling at the sharpest rate since the early pandemic as the country continues to face inflationary pressure, according to S&P Global. As a result Egypt’s Purchasing Managers’ Index fell from 47.7 in October to 45.4 in November...

French fashion house Dior debuted its latest collection Saturday at the Giza pyramids, after Italian designer Stefano Ricci held a show at Luxor's Temple of Hatshepsut in Oct.

Cairo, Egypt—King Abdullah of Jordan and Egyptian President Abdel Fattah El Sisi have expressed desire to further expand bilateral relations between the two countries in a meeting in Cairo. During the meeting, held at Al Ittihadiya Palace, both leaders expressed pride in the ties between the two countries and peoples,...

The agreement was signed in presence of Saudi Defence Minister Prince Khalid bin Salman and Spanish Minister of Industry, Trade and Tourism María Reyes Maroto.

The landmark 500 MW wind and 500MW solar projects, represent US$1.1bn of investment into the Egyptian economy and takes the company’s clean energy portfolio to 2GW in the country.

The month-long exhibition includes works by 142 Arab artists in photography, painting, sculpture, and graphics.

Erdogan and Egypt's President Abdel Fattah al-Sisi shook hands last week in Qatar, signalling a fresh beginning in their ties.

The market capital gained about $0.60 billion to close at $35 billion, amid transactions worth $0.08 billion.

Ninety percent of Egyptian LNG exports will be destined for European Union countries, El Molla said.

ALEXANDRIA, EGYPT - Jordan's Minister of Transport Maher Abu Al-Samen discussed with his Egyptian counterpart Kamel Al-Wazir ways and means of cementing bilateral cooperation in various spheres of transportation. The talks were held on the sidelines of the Council meeting of Arab Transport Ministers in Alexandria during which Al-Samen, also...

Raising capital, in general, has become difficult for startups in wake of global and regional issues but the Kingdom is in better position, says Nomow's Sumaya Ali Algabbass.

Nearly ten years after their relations broke down, Egypt and Turkey are working to rebuild the ties as the Egyptian president shook hands with his Turkish counterpart in Qatar. The presidency in Cairo has termed it a new "beginning" in ties with Ankara.

A final COP27 statement covering the broad efforts to grapple with a warming planet held the line on the aspirational goal of limiting global warming to 1.5 degrees Celsius from pre-industrial levels. It also included language on renewable energy for the first time, while reiterating previous calls to accelerate "efforts...

The summit drew praise for the "loss and damage" fund to help vulnerable countries cope with the destructive impacts of global warming. But there was also anger over a failure to push further ambition on cutting emissions in order to keep alive the aspirational goal of limiting global warming to...

Sharm el Sheikh, Egypt—Climate negotiators were grappling for an agreement Saturday at the UN COP27 in Egypt after high stakes talks went deep into the night with key sticking points over funding for countries wracked by climate disasters and ambition in tackling global warming. The meeting at the Red Sea resort of...

Representatives from nearly 200 countries have gathered at the COP27 in Egypt for two weeks with the aim of driving forward action on climate change as the world faces a worsening onslaught of extreme floods, heat waves and droughts.

Jordan is one of the world's most water-deficient countries, suffering from extreme droughts, and water cooperation with Israel long pre-dates the 1994 peace deal between them.

Egypt enjoys abundant solar and wind resources that can allow for the generation of renewable power at a competitive cost.

The alliance had committed to phasing out oil and gas production when it was launched at UN climate talks in Glasgow last year, hoping to inspire a global movement toward ending fossil fuels. A year later it has just signed up two countries as new friends but no large fossil...

The G77+China block of more than 130 developing nations called in a position paper for a special fund "for assisting developing countries in meeting their costs of addressing non-economic and economic loss and damage" caused by extreme weather disasters and rising sea levels.

SHARM EL SHEIKH, EGYPT - United Nations officers running security at the COP27 climate summit in Egypt said Monday they are probing allegations of surveillance and misconduct by Egyptian police towards delegates. Participants at COP27 - including activists, rights defenders and civil society groups - have raised cases of "surveillance"...