Tag: Egypt

MEPs accuse EU executive of ‘bankrolling dictators’, claiming Tunisia’s president pocketed EU aid

March 18, 2024

Senior members of the European Parliament (MEPs) have accused the EU executive of “bankrolling dictators”, claiming that the €150 million it gave to Tunisia last ... Read More

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

Nigeria’s intention to join BRICS will not be influenced by West — FM

March 11, 2024

Nigeria will apply for membership of the BRICS in the next two years and it intends to join the group with or without pressure from ... 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

Sudan’s warring sides held three unannounced high-level talks in Bahrain in January

February 5, 2024

Senior leaders from Sudan's army and the paramilitary Rapid Support Forces (RSF) reportedly met three times in January for unannounced talks in Bahrain, the first ... Read More

Egypt extends tax-free car import initiative

January 31, 2024

Egypt will extend for additional three months the tax-free car import initiative launched by the country in view of widening the beneficiary base, Arab Finance ... Read More

Red Sea crisis to affect global trade, fuel inflation in Africa and beyond

January 30, 2024

Escalating attacks by Yemen’s Houthi rebels on ships in the Red Sea have not only unraveled a key global trade route, sending shipping and insurance ... Read More

Egypt, Italy seal deal to operate RoRo shipping line in H1 2024

January 23, 2024

Egypt and Italy have inked an agreement for the international transport of goods by towed land vehicles, trailers, and semi-trailers, using roll-on/roll-off (RoRo) line, ‘Arab ... Read More

EBRD to invest $75m in HAU Energy BV to back 1.1 GW Gulf of Suez wind farm in Egypt

January 23, 2024

The European Bank for Reconstruction and Development, EBRD, has committed to a provisional equity investment of up to $75 million in HAU Energy BV, a ... Read More