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Tag: Egypt
Egypt extends tax-free car import initiative
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
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
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
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
Egypt’s president warns Cairo won’t allow any threat to Somalia amid dispute with Ethiopia
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
Africa’s 2023 investment hotspots list dominated by Kenya, Egypt, Nigeria and S.Africa — report
Kenya, Egypt, Nigeria, and South Africa have emerged as the top investment destinations in Africa for funding in 2023, as the quartet of markets collectively ... Read More
China’s FM on Africa charm offensive tour calls for Gaza ceasefire
China’s Foreign Minister Wang Yi has kicked off his inaugural trip of 2024 that takes him to four countries around Africa, focusing on diplomacy, economics, ... Read More
Egypt mulls plans to increase accommodation capacity of Cairo airport to 30 million passengers per year
The Egyptian Government is planning to expand by two folds the capacity of the Cairo International Airport to 30 million passengers per year, a cabinet ... Read More
UN warns against Red Sea crisis escalation, as disrupted shipping prompts Africa price concerns
The United Nations has warned against escalation in the Red Sea following multiple airstrikes by US and UK forces targeting Houthi rebels in Yemen who ... Read More
Egypt’s national carrier to launch third route to Libya from January 25
Yehia Zakariya, chairman of the Board of Directors of the EgyptAir Holding Company, has confirmed the operation of new direct flights from Cairo to Misrata ... Read More