Business Egypt Emerging Markets Headlines

Egypt to buy 50 new locomotives from Siemens giant

Egypt Railway Authority is in the process of buying 50 new locomotives from German multinational conglomerate company as the most populated Arab country embarks modernizing its rail way sector. The deal which is in the pipeline according to Arab Finance Brokerage includes maintenance works for 50 of Siemens Henschel, a model that has been efficiently […]

Asia Egypt Energy Headlines International

ROSATOM inks long-term contract for supply of nuclear fuel components to ETRR-2 reactor in Egypt

Russian Novosibirsk Chemical Concentrates Plant (NCCP), an enterprise of ROSATOM’s TVEL Fuel Company, and the Egyptian Atomic Energy Authority have signed a 10-year contract for supply of low-enriched nuclear fuel components, such as uranium and aluminum items, for ETRR-2 research reactor. ETRR-2, a research reactor of Argentinian design, is based at the Nuclear Research Center […]

Egypt Headlines

Gulf crisis: Egypt objects return of citizens stranded in Qatar

Egypt has refused to welcome its citizens stranded in Qatar amid global battle against covid-19 and diplomatic tension between the two countries. A source at Qatar’s foreign ministry told Doha-based news network Al Jazeera that the Gulf country has charted a plane to bring home Egyptian nationals but Egypt has refused to let the Spanish […]

Egypt Headlines

Coronavirus: Egyptian private airlines seek government intervention

Egyptian private airlines have called the civil aviation ministry to help them cope with losses incurred because of the Coronavirus pandemic, Middle East Monitor (MEMO) reports. The ministry on its facebook page said chairmen of the companies have sought the ministry’s help to stop the bleeding of losses suffered by the private companies and help […]

Egypt Headlines

Egypt increases by 75 % salaries of front-liners fighting Coronavirus

Egypt Sunday decided an increase by 75 per cent of allowances of Egyptians working at the frontline of the fight against Coronavirus. The decision came in appreciation of the efforts of the workers in the medical field as they strive to contain the outbreak, Egypt Today reports. In addition to the 75 per cent increase, […]

Egypt Finance Headlines

Egypt: World Bank supports housing for low-income households with $500m

The World Bank has granted Egypt a $500 million additional financing destined to support ongoing efforts to improve the affordability of formal housing for low-income households, the Washington-based institution said in a statement. The financing also seeks to strengthen Egypt’s Social Housing and Mortgage Finance Fund capacity to design policies and coordinate social housing programs. […]

Egypt Headlines

Egypt: The Guardian press credentials revoked over publication of fake Coronavirus data

Egypt’s state information service (SIS) in charge of foreign media accreditation has stripped The Guardian of its press credentials and censured the New York Times for publishing false numbers on the Coronavirus in the country. The Guardian local reporter Ruth Michaelson published on March 15, citing Canadian epidemiologists, that the infections of the fast-spreading disease […]

Asia Egypt Headlines International Morocco

Mohammed VI Cup: UAFA suspends semi-finals over Coronavirus

The Union of Arab Football Association, UAFA, has put on hold the semi-finals of the Arab Club Champions Cup, also known as Mohammed VI Cup, over the fear for the spread of the Coronavirus disease. The UAFA, in a statement issued Saturday, said the semi-finals between Morocco’s Raja Casablanca and Egypt’s Al Ismaily on one […]

Asia Egypt Headlines International Libya

Libya: Egypt, UAE provide training & logistics to Haftar’s forces to seize Turkish vessels

Egypt and the UAE have trained and will provide equipment to forces loyal to retired Gen. Khalifa Haftar to block Turkish vessels from delivering aid to the UN-backed Government of National Accord (GNA), reports say citing both Egyptian and Emirati sources. The Egyptian military have trained a Libyan commando consisting of 50 Haftar loyalists to […]

Egypt Headlines

Egypt: First death from Coronavirus confirmed

A German tourist Sunday became the first death case of Coronavirus in Egypt, which has confirmed 55 patients suffering from the fast-spreading virus. The victim came to the country a week ago but refused to be quarantined after he was tested positive on March 6. The 60-year old holidaymaker, according to Health Minister Hala Zayed […]