Business Egypt Mauritania

Mauritania extends for six months MoU with Cairo-based Arab Contractor to build tramway in Nouakchott

Mauritania has extended for six months the Memorandum of understanding (MoU) with the Egyptian Arab Contractor company to build a tramway in capital Nouakchott, local media report. The extension was enacted by Minister of Equipment and Transport Mohamed Ali O. Sidi Mohamed, who said the move is meant to enable the company to finalize the […]

Americas Egypt Headlines International

EgyptAir to resume cargo flights to U.S.A. after 8-year hiatus

Egypt’s national carrier is set to resume cargo flights to the U.S.A. after eight years of suspension, Civil Aviation Commander Mohamed Abbas Helmy said Sunday September 24. Helmy’s remarks came at the end of a 7-day visit by a delegation from the US Transportation SecurityAdministration (TSA) to Cairo International Airport in which they inspected the […]

Business Egypt Headlines

Rolling Plus signs deal with Egypt to set $1bln tire factory in SCZONE

Rolling Plus Chemical Industries will set up in Egypt’s Suez Canal Economic Zone a factory to produce tires with a total investment of above $1 billion, as part of the North African country’s automotive strategy aiming at developing the local car industry in order for the country to become a regional manufacturing hub. Rolling Plus […]

Business Egypt

Egypt to launch national industrial strategy on October 25

Egypt is set to launch on October 25 its national industrial strategy in cooperation with an international company, reports say. Ahmed Samir, the North African country’s Minister of Trade and Industry told “Asharq Business” that the strategy includes all industrial hubs, linking the Egyptian industry with industrial sector variables around the world. In line with […]

Business Egypt

Egypt to organize National Investment Forum in H1 2024

Egypt will in the first half of 2024 stage the country’s National Investment Forum with aim to promote the advantages and incentives of investment in Egypt, key investment opportunities in sectors and economic activities, the office of Prime Minister Mustafa Madbouly announced Monday 11 September. Madbouly according to the office chaired a meeting Sunday September […]

Egypt Headlines

Arab League endorses Egypt’s former tourism minister Khaled El-Enany as Arab candidate for UNESCO Chief position

The Arab League Council of Foreign Ministers endorsed on Thursday September 7 Egypt’s former tourism and antiquities minister Khaled Enany as the Pan-Arab candidate for the post of Director-general of the UN Educational, Scientific, and Cultural Organization (UNESCO), Ahram Online reports. The election is set for the last quarter of 2025. The winner will head […]

Asia Egypt Emerging Markets Headlines International Morocco

Arab-Japanese Ministerial Dialogue Hails Moroccan King’s Presidency of Al-Quds Committee

The Arab-Japanese Ministerial Dialogue, whose 3rd session wrapped up Tuesday in Cairo, hailed the presidency of King Mohammed VI of Al- Quds Committee. The joint declaration issued at the end of this ministerial meeting underlines the need to achieve a just, lasting and comprehensive peace in the Middle East, which would resolve all permanent status […]

Business Egypt Emerging Markets Headlines

Samsung gets golden license to set mobile phone factory in Egypt

Egypt Wednesday August 30 accorded South Korean tech giant Samsung a golden license to set up a mobile phone plant to produce, after the North African provided the firm another permit to manufacture tablets for educational use. The future factory, 6,000 square meters, is expected to generate 768 direct and indirect jobs and located in […]

Egypt Energy Features Headlines

BP mulls plans to invest $3.5bn in Egypt over next three years

British Petroleum (BP), an oil and gas global giant, announced Monday August 28 plans to inject $3.5 billion in Egypt for the next three years. BP’s chief executive Bernard Looney made the announcement after meeting with President Abdelfattah al-Sisi. The investments will go towards research, exploration and development, the office of the Egyptian leader announced. […]

Egypt Headlines

Egypt: Alliance of 40 political parties endorse Al-Sisi for another term in office

A grouping of 40 political parties, known as The Egyptian Parties Alliance, has called on President Abdelfattah al-Sisi to seek another term in office, ahead of 2024 presidential elections. “This endorsement aims to fulfil the aspirations and ambitions of the Egyptian people and to continue the path of development and progress,” the alliance said in […]