Tag: Cairo

EU’s Egyptian headache: Brussels readies €7.4bn aid package to help economy, curb migration

March 15, 2024

Egypt is reportedly set to receive up to 7.4 billion euros in funding from the European Union under a major 'cash for migrant control' pact ... Read More

Saudi, Qatari investors may follow UAE in ‘buying up’ Egypt’s coastline

March 6, 2024

Only days after the announced $35 billion deal with the UAE for the development of Ras al-Hekma on its Mediterranean coast, Egypt is reportedly also ... Read More

Egypt inks ‘historic’ $35bn deal with UAE, hoping to ease dollar squeeze, save economy

February 26, 2024

Egypt and the United Arab Emirates (UAE) have signed a landmark $35 billion investment deal to develop Ras al-Hekma peninsula on the Mediterranean coast that, ... Read More

Egypt’s president warns Cairo won’t allow any threat to Somalia amid dispute with Ethiopia

January 23, 2024

Cairo will stand shoulder to shoulder with Somalia and will not allow any threat to the Horn of Africa country, Egypt’s president has said, referring ... Read More

China Development Bank to support SMEs in Africa with $400-million loan to Cairo-based Afreximbank

August 29, 2023

The China Development Bank (CDB) and the African Export-Import Bank (Afreximbank) inked Monday August 28 a $400-mllion loan to be used to support the financing ... Read More

Cairo-based Banknbox sets up HQ in Egypt

July 31, 2023

Banknbox, a financial technology (fintech) firm based in the Egyptian capital of Cairo, announced the opening of its $10 million regional headquarters in Egypt to ... Read More

Building collapses in Egyptian capital killing 13 people

July 18, 2023

13 people died Monday after a building collapsed in the Egyptian capital Cairo, in a string building disasters. A five-storey building reportedly built without permit ... Read More

India’s leader N. Modi expected in Cairo Saturday for an official visit

June 21, 2023

India’s leader Narendra Modi will visit Egypt Saturday – his first- and looks forward to advancing partnership between the two countries. Modi’s visit follows that ... Read More

EgyptAir unveils Manchester, New Delhi routes

June 13, 2023

Egypt’s national carrier EgyptAir has added new routes serving India and the United Kingdom, namely Cairo to Manchester and Cairo to New Delhi. The Manchester-bound ... Read More

Cairo to host 12th World Urban Forum next year

May 8, 2023

Egyptian capital Cairo will host in November 2024 the 12th World Urban Forum (WUF), the world’s largest event to address urban development challenges. The event ... Read More