INSEAD Day 4 - 728x90

Egypt

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.
  • Hamas chief to visit Egypt for Gaza ceasefire talks

    According to a source close to the Palestinian Islamist group, Hamas chief Ismail Haniyeh is set to visit Egypt on Wednesday for talks on a ceasefire in Gaza and a prisoner exchange with Israel. Haniyeh will head a Hamas delegation to Egypt, where he is due to hold talks with...
  • 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...
  • Will Israel try to force Gaza’s population into Egypt?

    Filippo Grandi, head of the UN refugee agency, warned Wednesday that pushing Gazans across the frontier would be "extremely destabilizing for Egypt". "It's very important to insist that this evacuation of people beyond (the border) must not be promoted, must not be advanced, forced," the UNHCR chief told journalists in...
  • Additional border crossing to examine Gaza aid, says Israel

    International aid organizations have struggled to get supplies to desperate Gazans under Israeli bombardment, with only the Rafah crossing in Egypt open. UN humanitarian agency OCHA said Sunday that around 100 trucks per day were bringing humanitarian supplies from Egypt into Gaza since a week-long truce ended on December 1.
  • Google releases the top trending searches of the year in MENA

    Dubai, UAE - Google on Monday released the top trending searches of 2023 for the Middle East and North Africa. The annual lists reveal the most trending search queries which experienced a higher volume of search over a sustained period in 2023 compared to 2022. The lists included the top...
  • UN agency chief says Israel trying to force Gazans into Egypt

    "The United Nations and several member states, including the US, have firmly rejected forcibly displacing Gazans out of the Gaza Strip," UNRWA chief Philippe Lazzarini said. "But the developments we are witnessing point to attempts to move Palestinians into Egypt, regardless of whether they stay there or are resettled elsewhere."...
  • Egypt election offers more of the same despite crisis

    In a country gripped by the most severe financial crisis in its recent history-- inflation has hovered near 40% after the currency lost half its value-- the economy is the crux of Egyptians' concerns. Even before the crisis, about two-thirds of the country's nearly 106m people were living on or...
  • ENEC signs MoU with Egypt

    They will explore to advance the use of nuclear energy.
  • Israel continues Gaza bombing as US blocks UN truce bid

    Israel bombarded targets in Gaza after the United States blocked an extraordinary UN bid for a ceasefire in the war with Hamas that has triggered alerts of an "apocalyptic" humanitarian situation. Aid workers say Gaza's humanitarian system is on the verge of collapse, as disease and starvation threaten.
  • No surprises in store as Egypt heads to polls

    From Sunday through Tuesday, Egyptians aged 18 and above will be able to cast their ballots for one of four candidates -- former army chief Sisi, in power since he deposed elected Islamist president Mohamed Morsi in 2013, and three other relative unknowns.
  • Egypt to sign agreement on curbing methane emissions

    Abu Dhabi, UAE--Egyptian Petroleum Minister Tarek el Molla announced an agreement on laying down a detailed road map for cutting methane emissions of the petroleum and gas sector in Egypt via the offered technical support. According to the Middle East News Agency (MENA), the agreement is scheduled to be signed...
  • Qatari emir denounces ‘shameful’ global inaction in Israel-Hamas war

    Doha, Qatar - Qatar's ruler hit out at "shameful" international inaction over the Israel-Hamas war in Gaza as he opened a Gulf Cooperation Council meeting in Doha on Tuesday. "It is shameful for the international community to allow this heinous crime to continue for nearly two months, during which the systematic...
  • Israel and Hamas trade strikes as Palestinian toll mounts

    Smoke again clouded the sky over the north of the Palestinian territory, whose Hamas government said 240 people had been killed since a pause in hostilities expired early Friday and combat resumed. After the truce expired on Friday, Israel had told NGOs not to bring aid convoys across the Rafah...
  • Dubai COP28: Record attendance marks largest ever UN climate summit

    Among the host country's guests are Bill Gates and Antoine Arnault, the son of LVMH boss Bernard Arnault, the second richest man in the world after Elon Musk, according to Forbes magazine.
  • 109 Palestinians killed in Israeli strikes amid calls for truce extension

    Both the United Nations chief and the White House called for the break in fighting to be restored, and UN agencies warned of a "catastrophic" humanitarian situation as bombs fell and hospitals again struggled to cope with the wounded after a week-long respite.
  • US, Israel intel chiefs in Qatar to explore ‘next phase’ of Gaza truce

    The leaders of the US Central Intelligence Agency and Israel's Mossad were scheduled to meet Qatari Prime Minister Mohammed bin Abdulrahman Al Thani, the source said, adding that Egyptian officials were also taking part. The informed source said CIA director Bill Burns and Mossad head David Barnea would hold a...
  • Egypt jumps to third place in Offshore BPO Confidence Index

    Cairo, Egypt -- Egypt's global prominence received a boost as it jumped from 11th to third place in the 2023 Offshore BPO Confidence Index. The Offshore BPO Confidence Index 2023 report, highlighting Egypt's ascent, delves into key global outsourcing locations. Egypt's performance across seven categories—Local Labor Market, Infrastructure, Commercial Property,...
  • Israel says truce extension with Hamas a possibility

    The terms of the truce agreement pausing the fighting in the Gaza Strip say it can be extended beyond its initial four-day term as long as 10 hostages are released for each extra day, with three times as many Palestinians freed in return. As such, another 50 hostages would imply...
  • Beltone 9M net profit at $2.7m

    In 9M, the firm's restructuring led to a turnaround.
  • Biden to miss COP28 climate summit: US official

    Some 70,000 people including national leaders and Pope Francis are expected at COP28 as it opens Thursday, in what could be the largest United Nations climate summit ever. Schedules released by the White House for Biden and Vice President Kamala Harris showed neither heading to Dubai this week.
  • Hamas frees more captives in Gaza as truce extension mooted

    Hamas released a third group of hostages including a four-year-old American girl with more Palestinian prisoners set to be freed in exchange. A source close to the group said it was willing to prolong a truce. The Israeli army said 13 released hostages were back in the country and another...
  • Gaza truce: Hamas, Israel free second group of civilians

    The move, part of a broader truce agreement mediated by Qatar and Egypt, saw emotional reunions as families welcomed their loved ones back.
  • Latest developments in Israel-Hamas war

    Jerusalem -  Plans to release another group of Israeli hostages in exchange for Palestinian prisoners suffered a setback on Saturday, the second day of a four-day truce after seven weeks of war. On Friday evening the Palestinian group freed 13 Israelis, along with an unexpected 10 Thais and one Filipino,...
  • Saudi, Turkey, Egypt among 16 nations viewing climate change as top concern

    Riyadh, Saudi Arabia: Around 80% of consumers surveyed across 16 countries now view climate change as the world’s No. 1 challenge, a recent research conducted by GSMA Intelligence with support from Huawei, revealed. The countries include Saudi Arabia, Turkey, Egypt, South Africa, Argentina, Brazil, France, Germany, Indonesia, Italy, Japan, Pakistan,...
  • Egypt’s president calls for recognition of Palestinian state

    Speaking at a joint press conference with with the prime ministers of Spain and Belgium in Cairo, Sisi said revival of the process to end the Israel-Palestinian conflict "may not be what is required". Instead he called for a different approach, recognizing the Palestinian state by the international community and...
  • Saudi minister says 6,225 industrial firms from Kingdom invest US$30bn in Egypt

    RIYADH, SAUDI ARABIA - A total of 6,225 Saudi industrial businesses are operating in Egypt with US$30 billion worth of investments, Abdulrahman Altawil, the Kingdom’s Deputy Minister, Developmental Housing, Municipal and Rural Affairs and Housing said here. This reflects their confidence in the Egyptian market, he said. In a speech...
  • 39 Palestinians freed in exchange for 13 Israeli hostages as truce sets in

    Weeks of talks involving Israel, Hamas, Qatar, Egypt and the US saw three girls and a boy, aged from two to nine besides six women aged over 70 arrive in Israeli territory.
  • Israel-Hamas truce begins, hostages to be released

    An Egyptian security source told AFP that Israeli security officials, International Red Cross-Red Crescent staff and an Egyptian team would deploy to Rafah, on the Egypt-Gaza border, to receive the hostages, who will then be flown to Israel. AFP has confirmed the identities of 210 of the roughly 240 people...
  • Tunisian artist Hend Sabri quits WFP to protest against Gaza crisis

    Cairo, Egypt - Tunisian film star Hend Sabri has resigned as World Food Program goodwill ambassador in protest at what she called the use of starvation as a weapon of war in Gaza. Sabri, a leading figure in Arab cinema, said that she had decided with "a heavy heart and deep...
  • Aid-truck drivers hope truce will end long wait to enter Gaza

    After tedious days marked by idle chitchat and dreary diets of beans and instant coffee, the men, all Egyptians, took some comfort in news that more fuel and other essentials may soon be allowed in as part of a four-day truce that could begin as soon as Friday. But it...
  • ‘First good news’: World welcomes Gaza hostage deal

    US President Joe Biden thanked the leaders of Qatar and Egypt for their "critical leadership" in reaching the deal. "I am extraordinarily gratified that some of these brave souls… will be reunited with their families once this deal is fully implemented," Biden said, referring to the hostages.
  • 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...
  • Top diplomats of some OIC countries arrive in Russia, to discuss Gaza

    MOSCOW, RUSSIA – The foreign ministers of Saudi Arabia, Jordan, Egypt, Indonesia, Palestine and the Secretary General of the Organization of Islamic Cooperation (OIC) have arrived here to discuss the Gaza Strip with Russian Foreign Minister Sergey Lavrov, a diplomatic source told TASS. "They have arrived, the meeting will start...
  • UN protectorate in Gaza is not a solution, says Guterres

    The UN chief said it was "important to be able to transform this tragedy into an opportunity" -- which, for him, meant moving "in a determined and irreversible way to a two-state solution." This means, after the current conflict ends, "a strengthened Palestinian Authority, assuming responsibilities in Gaza," he said.
  • First internationally recognized renewable ammonia shipment made

    Dubai, UAE -- Abu Dhabi-based Fertiglobe, a strategic partnership between ADNOC and OCI Global, has completed the maiden shipment of the world's first internationally recognized renewable ammonia with ISCC PLUS (International Sustainability and Carbon Certification) certification. The renewable ammonia, generated at Fertiglobe's facilities in Egypt utilizing renewable hydrogen from its...
  • World must ‘act urgently’ to stop humanitarian crisis in Gaza: China FM

    Following the outbreak of the war last month, Chinese officials, including Foreign Minister Wang, called for an immediate ceasefire and a "cooling down" of the situation. China has historically been sympathetic to the Palestinians and supportive of a two-state solution to the Israeli-Palestinian conflict.
  • FMs from Palestinian Authority, Muslim nations to visit China

    Officials will include the foreign ministers of the Palestinian Authority in the West Bank, Saudi Arabia, Jordan, Egypt and Indonesia, as well as the secretary-general of the Organisation of Islamic Cooperation. "During the visit, China will have in-depth communication and coordination with the joint delegation of foreign ministers of Arab...
  • 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",...
  • UAE receives first batch of patients from Gaza to undergo medical treatment

    Dubai, UAE-- At least 15 patients from Gaza arrived in the UAE to receive medical treatment in the UAE's hospitals. The arrival of patients from Gaza is part of the initiative directed by Sheikh Mohamed bin Zayed Al Nahyan, UAE President, to provide medical treatment for 1,000 children. The UAE...
  • PIF seeks to increase stake in Egypt’s e-Finance by 2 percent

    Riyadh, Saudi Arabia -- Ibrahim Sarhan, the Chairman and Managing Director of e-Finance for Digital & Financial Investments based in Egypt, has disclosed that Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has submitted an application to the Egyptian Financial Regulatory Authority (FRA) seeking to boost its ownership...
  • Gaza cancer patients fly to Turkey for treatment

    Turkish Health Minister Fahrettin Koca said 27 patients had been flown to Turkey from Egypt, along with 13 companions, without specifying whether these were doctors or family members. He also said that Turkey was waiting for Egypt's permission to open its first field hospital at the Rafah crossing.
  • Iran urges UN to deliver aid quickly in desperate Gaza

    "The amount of humanitarian aid sent to Gaza is very small and almost zero, and it is necessary for the United Nations to take immediate and serious action in this regard," Amir-Abdollahian said in a meeting in Geneva with UN humanitarian chief Martin Griffiths.
  • EgyptAir orders 10 Airbus A350 planes in $3.2bn deal at Dubai Airshow

    The transaction is worth $3.2 billion, reports say.
  • Egypt annual core inflation falls 1.6 percent in October

    Dubai, UAE--Egypt's annual core inflation rate decelerated by 1.6 percent in October, recording 38.1 percent, down from 39.7 percent in September, according to data released by the Central Bank of Egypt (CBE) on Sunday. The monthly core inflation rate rose to 1.8 percent in October compared to 1.1 percent in...
  • Erdogan calls for pressure on US to stop Israel’s Gaza onslaught

    Erdogan returned from a summit on Saturday of Arab and Muslim leaders in the Saudi capital Riyadh, which condemned Israeli forces' "barbaric actions" in Gaza without approving concrete punitive measures. He is due to visit Germany on Friday and plans to travel to Egypt and host Iran's president in the...
  • 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.
  • Saudi urges leniency in climate change policies for low income nations

    Riyadh, Saudi Arabia - Saudi Arabia said on Thursday that policies to address climate change should not "crush the bones" of countries grappling with energy poverty, ahead of the COP28 climate talks in Dubai. Speaking at a conference on economic cooperation with Africa, the Gulf kingdom's energy minister Prince Abdulaziz bin...
  • Amlak Q3 net profit AED $73m

    Amlak's total income for the third quarter decreased by 19%.
  • No evacuation from Gaza into Egypt: Hamas official

    According to the official, the Rafah crossing point remained closed because Israel refused to approve the list of wounded who were to be evacuated. As a result no wounded Palestinians or dual nationals were evacuated on Wednesday from Gaza to Egypt. The crossing reopened on November 1 to allow people...
  • Israel not to attend Macron’s humanitarian event for Gaza in France

    Macron had spoken on Tuesday to Israeli Prime Minister Benjamin Netanyahu and the pair will talk again once the aid conference is over, the Elysee Palace added.