Egypt Features Headlines

Egypt: Muslim Brotherhood slandering President Sisi, PM Hahlab

The Egyptian government has accused banned Muslim Brotherhood of tarnishing the image of President Sisi after an audio of almost 6minutes was aired on Mekameleen channel in Turkey. The audio had two voices of which one is alleged to be that of Sisi. The recorded voices were talking about how to obtain money from the […]

Asia Features International

Iran: Kerry and Zaref agree that talks could be useless

Nuclear talks with Iran could come to an end after U.S. Secretary of State John Kerry and Iranian Foreign Affairs Minister Mohammad Javad Zarif gave hints at the end of their meeting in Munich on Sunday that continuing the talks could be a waste of time. Nuclear negotiations with Iran were extended at the end […]

Asia Features International

Syria: Army of Islam shells Damascus, government responds with airstrikes

Shells fired by the Army of Islam militants into the Syrian capital Damascus have killed at least 5 people and there are threats that more will follow. The government responded by launching more than 70 airstrikes in the Eastern Ghouta district, where the militants are based. This is the second attack the group has launched […]

Business Energy Features

Arab countries and Iran to invest $ 755 Bln in energy by 2019

The Middle Eastern and North Africa (MENA) countries will invest 755 billion dollars in energy projects in the next five coming years despite the falling oil prices, according to an economic study released on the 4th February 2015. Approximately 42% of these investments of USD 316 billion will be spent in power generation, 31% from […]

Business Emerging Markets Features

Swiss Belhotel International is planning to set up in Morocco, Egypt and Tunisia in 2015

The Swiss hotel group Belhotel International plans to set up in Morocco, Egypt, and Tunisia in 2015 as part of an expansion plan in the Middle East & North Africa (MENA), said the group leader. “We want to enter into new markets, including Turkey, Egypt, Tunisia and Morocco in 2015”, said the head of the […]

Features Headlines Tunisia

Tunisia: Parliament votes confidence to the new government

The Tunisian Parliament has met on the 4th februry for the vote of confidence to the new government and its newly appointed prime minister, Habib Essid, who has announced an inclusive coalition government whose members include representatives of the Islamist Ennahda (69 seats in paliament), party and the winner of legislative, Nidaa Tounès (86 seats). […]

Business Egypt Features Headlines

Egypt : Qaala Holding divests stake in Pharos at $ 5.3 million deal

The investment firm Qaala Holding, previously known under the name of Citadel Capital, sold its direct and indirect shareholdings in Pharos Holding for Financial Investments, which amount to 80%, in a deal of 40 million Egyptian pounds ($ 5.3 million). According to the company’s statement, the divestiture is part of its plans to sell non-core […]

Asia Features International

Israel urges entrepreneurs to focus on Asia

The Israeli government is urging entrepreneurs to switch their attention to Asia as a precautionary measure regarding the unfavorable developments in some European markets. Several companies have already followed the strategic decision as the demand for Israeli developed technology continues to rise. Authorities claimed that anti-Semitism is rising in Europe and the pro-Palestinian boycott, divestment […]

Egypt Features Headlines

Egypt: $8.2 billion Suez Canal lane to be inaugurated in August

Authority Chief Mohab Mameesh has said that the second parallel waterway project of the Suez Canal will be completed in August and gave assurances that the transit toll will be not be increased. The cost of the project is around $8.2billion. The Suez Canal is one of the busiest water corridors in the world and […]

Features Headlines Libya

Libya: Rivals fight over eastern ports despite peace efforts

Fighting for the control of the eastern Es Sider and Ras Lanuf oil ports has started again with between the two rival governments and both sides are claiming that they are having the upper hand. The ports are being controlled by militants loyal to the Tobruk government but Tripoli has been trying to force them […]