Egypt’s poverty rate has shrunk by 29.7 per cent for the first time in two decades. The fall was revealed by the Central Agency for Public Mobilization and Statistics (CAPMAS) based on fiscal year 2019/2020, Arab Finance reports. Poverty line in Egypt, according to the agency, is defined as anyone with a monthly income of […]
Egypt
Algeria, Egypt eye production of Russia-made covid-19 vaccine Sputnik V
Algeria and Egypt could produce Sputnik V, Russia’s covid-19 vaccine, touted as the cheapest among other vaccines. Both countries were among 55 countries around the world that took part Wednesday in an UN-led virtual conference on the presentation of the Russian vaccine. Russian Health Minister Mikhaïl Mourachko said at the special session that the participating […]
EU provides Egypt €6m for irrigation projects
The European Union has granted Egypt €6 million (EGP 111.21 million) for the financing of two irrigation projects, Arab Finance reports, citing the Egyptian state. The funds allocated under the EU-Joint Rural Development Program, will be used to rehabilitate the irrigation infrastructure in Egypt’s Fayoum and Minya governorates according to the Egyptian government. The EU-Joint […]
Germany charges man for spying for Egypt
Germany’s Public Prosecutor General (GBA) Monday announced an Egypt-born German citizen, working for state-run federal government press office, has been charged with espionage for Egypt. The man identified as Amin A. in accordance with the German secrecy law, “used this position from at least July 2010 to support employees of the Egyptian General Intelligence Service […]
MFO Helicopter crash in Sinai leaves eight onboard dead
A helicopter of the Multinational Force and Observers (MFO), an international force tasked to monitor 1979 peace agreement between Israel and Egypt, crashed Thursday in the Sinai Peninsula leaving eight members of the crew dead. The victims include six Americans, a French national, and a Czech citizen, the organization not linked to the United Nations […]
EU to loan Egypt €1.1bn for financing three transport projects
The European Investment Bank (EIB) will loan Egypt by year’s end €1.1 billion in form of financing package for the implementation of three transport projects in the Arab country. The package will come in two installments. The first tranche will take place in December and valued at €600 million, the Egyptian cabinet said in a […]
Egypt aims to increase gas daily exports to 1 bcf
Egypt aims to increase gas daily exports to 1 billion cubic feet (bcf), Minister of Petroleum and Mineral Resources Tarek el Molla said in an interview while stressing some challenges. Molla told Sky News Arabia that Egypt’s current gas daily exports stand at 300-800 million cubic feet while the production is 72 bcf. The […]
Egypt, Sudan to build connecting railway network
Egypt and Sudan Tuesday agreed to build a railway network connecting both countries, Arab Finance reports citing statement from the Egyptian side. The cooperation agreement was signed by the two countries’ transport ministries, the statement said, adding that the network will link the southern Egyptian city of Aswan and the Sudanese border city of […]
Egypt halts diving activities at Ras Mohammed national park after shark attack
Egyptian authorities have closed the diving spot of Ras Mohammed national park, at the resort city of Sharm El-Sheikh after a 12-year old Ukrainian boy lost his hand in a shark attack. The move came after a shark attacked the boy and his mother as well as their guide during a dive in the park […]
Egypt registers first female coach to train men’s professional soccer team
Former Egyptian female soccer star Faiza Heidar has been tasked to train fourth division side Ideal Goldi, becoming therefore the country’s first female technician to coach a men’s professional team. The former captain of Egypt’s female national soccer team is the only Egyptian woman to be certified by England’s Premier League to coach across […]









