Former Egyptian president Hosni Mubarak passes away

Former Egyptian president Hosni Mubarak passed away at the age of 91, state television announced Tuesday. The former leader had undergone surgery just weeks prior to his death, local media reported. Hosni Mubarak had succeeded in 1981 President Anouar al-Sadat, who made Egypt the first Arab country to sign a peace treaty with Israel. He […]

Saudi investment company in Egypt acquires minority stakes in 3 other listed companies

The recently-launched Saudi-Egyptian Investment Company (SEIC) has reportedly added three other Egyptian listed company to its portfolio after acquiring fertilizer giant MOPCO. Abu Qir Fertizilers and Chemical Industries, Alexandria Container and Cargo Handling and E-Finance for Financial and Digital Investments are the companies, Zawya reports citing Egypt’s planning ministry’s website. SEIC also reportedly acquired 25 […]

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

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 of Egyptian leader Abdelfattah Al-Sisi to the Asian giant last January, at the invitation of the Indian leader himself. “We had the pleasure of receiving President al-Sisi as the chief […]