Telecom Egypt and Orange Jordan’s CAB System to connect Iraq to Europe
Telecom Egypt, Egypt’s first integrated telecom operator and one of the largest subsea cables operators in the region, and Orange Jordan, will create a terrestrial system connecting Iraq to Europe through Jordanian and Egyptian territories. The two companies signed an agreement under which the new system will commercially be named...UAE, Egyptian leaders review fraternal relations in Al Alamein City
President Sheikh Mohamed bin Zayed Al Nahyan arrived in Al Alamein City on a visit to the Arab Republic of Egypt. Upon his arrival at Al Alamein International Airport, President Sheikh Mohamed was received by President of Egypt, Abdel Fattah el-Sisi. The two leaders discussed bilateral cooperation and strategic partnership...Women blaze a new trail in Egypt
In a country where few women have formal jobs, the Cairo metro’s pioneering decision to hand over the controls of trains to women has invoked mixed reactions in commuters.Widam Food signs $27mn pact with Egypt’s Frigo
The company, in a statement, said it exported two meat shipments to Egypt in March and July.Agthia 2021 acquisitions worth $630m
The Group is planning a new acquisition in Egypt.Solutions by stc to buy Giza
The 89.49% stake in Giza Systems will cost it $158m.Egypt mourns 41 killed in Cairo church fire
Witnesses to the fire Sunday morning described people rushing into the multi-storey house of worship to save those trapped, but the rescuers were soon overwhelmed by heat and deadly smoke.Egypt to issue international bonds worth $6 billion
More than a year after it issued bonds for the Japanese market, Egypt intends to issue another tranche of international bonds worth $6 billion this year, according to media reports quoting a government official.Egypt’s parliament approves major cabinet reshuffle
An emergency session of parliament on Saturday approved several cabinet changes in Egypt's first major reshuffle since 2019, with 13 ministers moved, the National Media Authority reported. A statement said the House of Representatives had approved "all the nominations set forth in a letter from President Abdel Fattah al-Sisi regarding...Saudi Electricity borrows $568m
The money will be used to fund Egypt interconnection project.Egypt looks to borrow $2.5bn in loan to bolster economy
The country's struggling economy needs to urgently secure more foreign currency in its $400 billion economy to plug gaping deficits.SEIC buys stakes in Egypt firms
The Saudi Egyptian company bought stakes worth $1.3bn.UN Security Council expresses concern over Gaza fighting
Diplomats at the UN Security Council have expressed concern at the situation in Gaza despite the tenuous truce between Islamic Jihad and Israel after three days of deadly fighting. Russian ambassador stressed the council is "deeply concern by this turn of events, which could lead to the resumption of a...Gaza crossing opens as truce holds between Israel, Islamic Jihad
Gaza's health ministry said 15 children were among 44 people killed in three days of intense fighting. Despite a flurry of strikes and rocket attacks in the run-up to the truce, neither side had reported any major violations of the agreement overnight.Egypt works behind-the-scenes to douse Gaza violence
Egypt has been working behind-the-scenes to bring about de-escalation in the hostilities between Israel and Islamic Jihad in Gaza.PIF of Saudi Arabia sets up investment firm in Egypt
Saudi Arabia's Public Investment Company (PIF) has established a new company in Egypt to drive investment in the north African country. The company will look to take advantage of economic growth in the region within sectors seen as 'promising.'Israel’s border closure could shut Gaza’s only power station
The Israeli military has also imposed restrictions of movement on Israeli communities adjacent to the Gaza Strip.UAE, Egypt discuss money laundering, terrorist financing
The heads of UAE and Egypt's anti-money laundering and counter terrorism financing and the UN's representative for drugs and crime in the region discussed about the two countries efforts in cooperating with each other to deal with such crimes.Suez Canal revenue hits a record $704 million
Canal Authority Chairman Osama Rabea said that the Canal reached its highest monthly transit rate of 2,103 ships, as well as monthly net tonnage of 125.1 million tonnes.KSA and Egypt champions to inaugurate Qatar’s World Cup final stadium
Qatar announced Monday that the club champions of Saudi Arabia and Egypt will inaugurate the Lusail stadium to be used for the World Cup final on September 9.Egyptian pound plunges to near all-time low as inflation surge
In late March, inflation-hit Egypt also devalued its currency, which lost around 18 percent of its value overnight.Egypt warns Ethiopia against filling up of Renaissance Dam
Egypt has warned Ethiopia against the filling of the Grand Ethiopian Renaissance Dam (GERD) reservoir, saying that it would not tolerate any encroachment on its water rights or threat to its water security.Egypt protests Ethiopia plans to fill reservoir for third year
Egypt said it had protested to the UN Security Council Friday against Ethiopian plans to fill the reservoir of a controversial Nile dam for a third year without agreement from downstream countries. The multi-billion dollar Grand Ethiopian Renaissance Dam (GERD) on the Blue Nile is set to be the largest...ADNOC eyes stake in key Egypt firm
ADNOC Distribution will acquire 50 percent stake in TotalEnergies Egypt.Bahrain joins UAE, Jordan and Egypt in industrial pact
Prime Minister of Egypt Mostafa Kamal Madbouly witnessed a signing ceremony Monday in Cairo that welcomed Bahrain as the fourth country to join the Industrial Partnership for Sustainable Economic Development, which includes the UAE, Jordan and Egypt.Russia assures Egypt of providing grains as per order
Russia's top diplomat reassured Egyptian leaders Sunday that their orders for Russian grain would be met as he began a tour of African countries dependent on imports for their food supply. Between 20 million and 25 million tonnes of grain has been blocked in Ukrainian ports since Russia and Ukraine...Russia’s Rosatom starts construction of Egypt’s first nuclear plant
Russia's state atomic energy corporation Rosatom has launched the construction of Egypt's first nuclear power plant, a $25-billion project billed as the largest venture between the two countries in decades. Egyptian Electricity Minister Mohamed Shaker and Rosatom chief Alexey Likhachev on Wednesday poured concrete into what will serve as the...Biden’s Arab trip lukewarm, at best
The US president could not dispel the view that the Washington is no longer a reliable ally and he also failed to connect at a personal level with the young GCC leaders, say experts.Egypt President says world must jointly deal with energy crisis
Egypt's President Abdul Fattah Al-Sisi underscored the importance of coordination and cooperation among all countries of the world to confront the energy crisis.22 die in a bus crash in southern Egypt
At least 22 people were killed and 33 injured in southern Egypt on Tuesday when the bus they were traveling in smashed into a parked truck, officials said.Germany to partner with Egypt to build hydrogen economy
Germany is looking to partner with Egypt to build the hydrogen economy as Europe seeks to diversify away from its current reliance on Russian gas.Agthia buys 60% stake in Auf Group
The deal builds on Agthia’s acquisition of BMB Group.The Red Sea islands caught between Egypt, Saudi and Israel
As US President Joe Biden visits the Middle East this week, one issue on the table will be the status of two small Red Sea islands that are uninhabited but of key strategic value. Resolving the tricky status that stems from their location and turbulent history would help build trust between...Egypt raises fuel prices in quarterly review
The country raised the price of a litre of 80-octance gasoline from EGP7.5 to EGP8 (US$0.424), a litre of 92-octance from EGP8.75 to EGP9.25 (US$0.49).Egypt invests $1.5bn to improve energy efficiency in petroleum projects
Egyptian energy sector has implemented low-cost measures to improve energy efficiency in 31 petroleum companies.MENA gaming sector plays well with new technologies
The region's gaming industry is estimated to be worth $5 billion by 2025 with Saudi Arabia and the UAE leading the growth closely followed by Egypt and Qatar.Shark kills 1 Austrian, 1 Romanian tourist in Egypt’s Red Sea
Two women, one Austrian and the other Romanian, were killed in a shark attack this week off the coast of Egypt, Egypt's environment ministry and the tourists' respective foreign ministries said Sunday. "Two women were attacked by a shark while swimming" in the Sahl Hasheesh area south of Hurghada on...AD Ports acquires stake in IACC
AD Ports Group's cash reserves to fully fund the deal.Gentrified Cairo has no room for homes on Nile
Dozens of vibrantly colored floating homes have for decades dotted the banks of the River Nile, rare havens of leafy seclusion in the Egyptian capital's hustle and bustle.Egypt to receive $500 mn from World Bank to boost food security
Egypt's food security has been under mounting pressure since Russia invaded Ukraine in late February causing massive disruption to exports from Black Sea ports. Before the invasion, the two countries accounted for 85 percent of Egypt's wheat imports.Schneider, ADH sign MoU
They will collaborate on a number of projects within Egypt and beyond.Rich heritage buried under Gaza Strip
In January, workers at a construction site stumbled upon a Roman necropolis dating from about 2,000 years ago.Amnesty appeals to Egypt to release prominent activist
Amnesty International has called for the release of prominent Egyptian activist Alaa Abdel Fattah, who on Saturday marks 1,000 days of "unjust detention".With $833bn in output, Saudi continues to be largest Arab economy
Saudi Arabia has consolidated its position in the Arab world as the largest economy, posting a domestic output of $833.5 billion last year, the equivalent of 29.7 percent of the entire Arab region.Saudi crown prince, Jordan king meet amid thaw in ties
Saudi Crown Prince Mohammed bin Salman met with Jordan's King Abdullah in Amman on Tuesday to discuss regional and international issues. The meeting came amid a thaw in relations that in recent years had suffered from divergent views on regional conflicts and unfulfilled pledges of aid. Prince Mohammed’s visit to...Crown Prince’s visit: Egyptian, Saudi firms sign deals worth $7.7 bn
The accords were related to "infrastructure, logistical services, port management, agri-foods, the pharmaceutical industry, fossil fuels and renewable energy, and cybersecurity" and were worth $7.7 billion, Egyptian daily Al-Ahram said.Lebanon inks gas deal with Egypt to enhance power supply
Lebanon's crumbling electricity sector has cost the country more than $40 billion since the end of its 1975-1990 civil war.Saudi crown prince kicks off regional tour in Egypt
Saudi Crown Prince Mohammed bin Salman began a two-day visit to Egypt on Monday evening, the presidency in Cairo said, kicking off a regional tour extending to Jordan and Turkey. The crown prince will meet with Egypt's President Abdel Fattah al-Sisi, a major ally, to discuss regional and wider international...Saudi crown prince likely to visit Egypt, Jordan ahead of Turkey
Saudi Crown Prince Mohammed bin Salman begins a regional tour Monday in Egypt that will also take him to Turkey to bolster regional ties, a Saudi diplomat said. After Cairo, Mohammed bin Salman will travel to Jordan and then on to Turkey. The Saudi government is yet to confirm about...Egypt, European Union review cooperation on climate and energy challenges
Egypt and the European Union have reviewed and discussed enhanced cooperation on climate, energy and industrial transformation challenges ahead of COP27 in Egypt later this year. On Wednesday, on the occasion of the visit of European Commission President Ursula von der Leyen and her meeting with Egyptian President Abdel Fattah El...


















































