Iran's Supreme Leader Ayatollah Ali Khamenei said he would welcome a resumption of diplomatic relations with Egypt, during a meeting with Oman's visiting Sultan Haitham bin Tarik. Ties between Tehran and Cairo soured following the 1979 Islamic revolution in Iran and Egypt's recognition of Israel, the Islamic republic's sworn enemy.

Sharjah, UAE--The Sharjah Publishing City Free Zone (SPC Free Zone) has signed more than 10 partnership agreements with publishers from Sweden, Egypt, and Algeria. The foreign publishers are looking to benefit from SPC Free Zone's comprehensive services and ecosystem that cater to investors in the publishing and creative industries, enabling...

ISMAILIA, EGYPT -  A cargo ship ran aground on Thursday in Egypt's Suez Canal before it was quickly refloated without interrupting traffic, the authority in charge of the vital waterway said. The Hong Kong-flagged Xin Hai Tong 23 bulk carrier was refloated after "a sudden malfunction of the machinery" while it...

Sudanese who cross into Egypt's south must then buy a bus ticket to take them to the nearest major city, Aswan, around 200 kilometres north of the border. They are greeted there by volunteers who offer a hot meal -- the first for many since embarking on the perilous desert...

Abu Dhabi, UAE -- The UAE has joined global partners such as the US, Japan, and South Korea to commit up to $275 million towards nuclear energy in Romania. The announcement, made by US President Joseph Biden at the G7 Summit in Japan, is the first major nuclear energy initiative...

Cairo, Egypt - The UAE International Investors Council (UAEIIC) and Egyptian-Emirati Business Council (EEBC) will work together to enhance the existing investment partnerships, local media reports said. The two signed an MoU regarding the same, which also includes creating more investment opportunities in the new economy, green projects, recycling, clean...

Dubai, UAE -- Brazilian exports to Arab countries during the first four months of this year have increased by 10.33 percent, reaching $5.69 billion, compared to $5.162 billion during the same period last year, the Arab Brazilian Chamber of Commerce (ABCC) said. The top destination for Brazilian exports during this...

Cairo, Egypt--Egypt's President Abdel Fattah el-Sisi and Oman's Sultan Haitham bin Tareq reviewed bilateral relations and regional issues in talks in Cairo on SUnday. The two leaders shared views on the importance of intensifying efforts to protect the interests of Arab peoples, Presidency Spokesman Ahmed Fahmy said. Before the summit...

Air strikes and artillery exchanges shook the Sudanese capital and armed men ransacked the Qatari embassy as the country's warring generals kept up their struggle. Khartoum residents said that heavy fighting raged despite repeated global calls for a truce. The area around the state television building in Omdurman was also...

In the era of global mass production, Egypt's once expansive pool of skilled artisans has shrunk, with many young people turning their backs on family skills passed down through the ages. As businesses struggle to fill the talent gap, they also face the headwinds of a painful economic crisis that...

The government sold a 9.5% stake for US$121.6mn.

Riyadh, Saudi Arabia -- The Gulf Cooperation Council has hailed Qatar's efforts for its role in the ceasefire between Israel and Palestinians that came into effect on Sunday. Jassem Mohamed Albudaiwi, Secretary General of the GCC, said the Qatari diplomacy has been successful in dealing deal with several international and...

The Egypt-brokered ceasefire began in and around the Gaza Strip on Saturday after five days of violence that has killed at least 34 Palestinians. But just before it came into effect, many rockets were fired from Gaza toward Israel, prompting renewed air strikes. Taking advantage of the ceasefire, hundreds came...

Israeli air strikes battered Gaza and militants fired rockets again as deadly fighting resumed after a night of relative calm, despite efforts to secure a truce. A new ceasefire proposal was circulated by Egypt, which has been mediating between the two sides, after a previous bid fell through, a Palestinian...

The firm recorded a net profit of $873 million.

The foreign ministers of Egypt, France, Germany and Jordan called for an end to the violence between Israel and Gaza militants, who have been trading heavy fire for three days. The four ministers said later in a joint statement that they were "deeply alarmed" by the escalation.

Cairo, Egypt--Egypt's annual urban consumer inflation in April dipped to 30.6% from 32.7% in March, data from the state statistics agency CAPMAS showed on Wednesday Month-on-month, urban inflation slowed to 1.7% from 2.7% in March and 6.5% in February. Inflation had steadily crept up over the last year after a...

A majority of the people who voted in a TRENDS poll see the China-brokered deal between the two countries as a positive development.

Multiple truce deals have been declared and quickly violated since battles erupted between army and paramilitary forces on April 15 in the poverty-stricken country with a history of political instability. Fierce combat since then has killed hundreds of people, most of them civilians, wounded thousands and sparked multiple warnings of...

Israel transferred a Jordanian member of parliament to Amman's authorities, weeks after arresting him for attempting to smuggle pistols, rifles and gold into the occupied West Bank, officials said. Imad Adwan was detained at the Israel-administered Allenby (King Hussein) crossing between Jordan and the West Bank on April 22.

Abu Dhabi, UAE -- UAE President Sheikh Mohamed bin Zayed Al Nahyan and the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, Thursday spoke on the telephone to discuss bilateral relations between the two countries and ways to strengthen them further. The two leaders reviewed current areas of UAE-Qatar...

The United Nations said it was planning for an outflow of 860,000 people from conflict-torn Sudan, adding that $445 million would be needed to support them just through October. The UN refugee agency said in a statement that it had presented its appeal to donor countries earlier in the day.

The firm is one of Egypt's leading real estate developers.

Cairo, Egypt--Egypt’s current account deficit fell 77.2 percent to $1.8 billion in the first half of the North African country’s current fiscal year. According to its central bank, the deficit reduction was fueled by Egypt’s current account turning a $1.41 billion surplus in the October to December quarter of 2022...

AMMAN, JORDAN  - Jordan's Minister of Foreign Affairs and Expatriates Ayman Safadi on Wednesday briefed his Russian counterpart Sergey Lavrov on the outcome of a consultative meeting held here on Syria.In addition to Jordan, the meeting on Tuesday also brought together the foreign ministers of Saudi Arabia, Iraq, Egypt and...

Cairo, Egypt--Egypt has signed its biggest investment package with Japan aimed at supporting the North African country's transportation development plan. According to a statement released by Egypt's Cabinet, the agreement, worth 100 billion yen ($734 million), will be used to finance Cairo’s metro expansion, a 30-km stretch of land that...

Cairo, Egypt-- Egypt's trade with Japan dropped 26.3 percent to US$1.1 billion in 2022, but the value of Japan's investments in the North African country shot up 98.7 percent to $73.7 million during the 2021-2022 period. According to the Central Agency for Public Mobilization and Statistics, Egypt exported goods worth...

Cairo, Egypt - Egypt's antiquities ministry insisted on Thursday that Cleopatra had "white skin and Hellenistic characteristics" in an ongoing row over a Netflix drama-documentary depicting the famed beauty of antiquity as black. "Queen Cleopatra", produced by Jada Pinkett Smith and starring Adele James, is due for release on the streaming...

"We came to send a message to the whole world that with this normalization, you will gain Bashar al-Assad the criminal, and you will lose the Syrian people," said Abdel Salam Mohammed Yussef, who heads a camp for displaced people.

The delicacy of saltwater fish, buried in salt for weeks at a time, remains a staple as Egyptians celebrate on Monday the ancient spring festival of Sham al-Nessim. But it is as acclaimed as it is divisive, pitting those who complain of the pungent odour against others gleefully marrying feseekh...

Syria was suspended from the Arab League in 2011 over Assad's brutal crackdown of pro-democracy protests. But on Wednesday, in the latest sign of an easing in tensions with Damascus, Syrian Foreign Minister Faisal Mekdad arrived in Jeddah, the first such visit since the war began.

Abu Dhabi, UAE - Egypt has over 3,000 Emirati companies operating in telecommunications, construction, smart cities, retail, oil and gas, ports, agriculture, hotels, and services. This was revealed by Jamal bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC). Giving further details, Al Jarwan said that the...

Abu Dhabi, UAE - The UAE led the Arab region in terms of investments in Egypt, Jamal bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC) said. It totaled $28 billion at the end of the first quarter of 2023, compared to $20 billion during the same...

In 2017, Bahrain joined Saudi Arabia, the United Arab Emirates and Egypt in imposing a diplomatic blockade on Qatar. The countries' rivalry goes back even further, however, and Bahrain is the last to renew ties. Agreement on the reconciliation was reached in talks at the Gulf Cooperation Council headquarters in...

Cairo's foreign reserves fell by about 20 percent in one year to $34.45 billion -- about $28 billion of which are deposits from wealthy Gulf donors. Experts have for months warned that Egypt is among the top five countries at risk of defaulting on its debt, which hit a record...

Multi-day weddings, feeding the bereaved and homemade bread are all becoming things of the past in rural Egypt.

Cairo, Egypt-- Egypt's financial inclusion has widened as total ownership of transactional accounts reached 64.8 percent of the total 65.4 million eligible adult population at the end of 2022. The financial inclusion, according to the country's central bank, increased 147 percent between 2016 and 2022 to 42.3 million citizens who...

CAIRO/AMMAN, EGYPT/JORDAN -   Measles and polio vaccination campaign will be launched on Saturday across northwest Syria to protect some 800,000 children under five years from the two potentially deadly but preventable diseases, the World Health Organization (WHO) said in a statement. The vaccination drive, supported by WHO, the Vaccine Alliance...

Cairo, Egypt-- A new survey has revealed that Egypt's non-oil private sector activity contracted for the 28th straight month in March. The S&P Global Egypt Purchasing Managers' Index edged down to 46.7 in March from 46.9 in February, well below the 50.0 threshold that marks growth in activity. "At 46.7, the...

CAIRO, EGYPT - Egyptian President Abdel Fattah al-Sisi met Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud at Ramadan Suhoor-meal table in Jeddah early Monday. The trip came as Egypt seeks financial support to alleviate pressure on its currency and strengthen its struggling economy. During...

Egypt's Foreign Minister Sameh Shoukry met with his Syrian counterpart Faisal Mekdad in Cairo, a first since Syria's civil war broke out over a decade ago, Shoukry's office said. The meeting comes amid amplified Arab engagement with the Damascus government which has been politically isolated in the region since the...

Cairo, Egypt - The Central Bank of Egypt (CBE) raised key interest rates by 200 bps for the first time in 2023 on Thursday as it struggles to control soaring inflation. “In its meeting today, the Monetary Policy Committee (MPC) decided to raise the Central Bank of Egypt’s (CBE) overnight...

Doha, Qatar--The Doha-based Global Carbon Council (GCC) and Egyptian Exchange (EGX) have signed a memorandum of understanding (MoU) to launch Africa's first regulated voluntary carbon market. The MoU was signed by GCCs founding Chairman Dr. Yousef Alhorr and EGX's Executive Chairman Rami El Dokany. As an outcome of this agreement...

Families have buckled under the weight of inflation, which hit 32.9 percent in February as Egyptians tried to fill their shelves ahead of the Islamic holy month of daytime fasting and special evening meals, known as iftar. "Last year, we were giving out 360 iftar meals every day -- this...

Amman, Jordan--Standard Chartered has decided to sell its Jordanian business to Arab Jordan Investment Bank (AJIB), according to both the parties. Standard Chartered, the emerging markets-focused lender, plans to exit seven markets in Africa and the Middle East. The bank entered into an agreement with AJIB, subject to central bank...

Mummies of dogs, goats, cows, gazelles and mongooses were also exhumed by a team of US archaeologists from New York University.

Cairo, Egypt--The World Bank has approved a new $7 billion partnership agreement with Egypt for 2023-2027 with a focus on boosting private sector jobs, provision of better health and education services, and adaptation to climate change. The Country Partnership Agreement (CPF) will entail $1 billion per year from the International...

The attack in Huwara came three weeks after the fatal shooting of two Israeli settlers, also in the same occupied West Bank town, adding to a surge in violence this year and to fears of escalation during the Muslim holy month of Ramadan starting in the coming week. Neither the...

Renewing their commitment to "continuing to strengthen bilateral relations", Egyptian President Abdel Fattah al-Sisi met with a senior Russian delegation in Cairo, in spite of calls by Western powers to isolate Russia over its invasion of Ukraine last year. Egypt has maintained relations with Russia in part to mitigate the...

Cairo, Egypt - Israeli and Palestinian officials were holding talks in Egypt on Sunday "to restore calm" after a surge in deadly violence in the occupied West Bank, Egypt's foreign ministry said. The meeting, which follows similar talks last month in Jordan where both sides pledged to prevent more violence, comes...