The United Nations has warned against escalation in the Red Sea following multiple airstrikes by US and UK forces targeting Houthi rebels in Yemen who have vowed fierce retaliation. “These developments in the Red Sea and the risk of exacerbating regional tensions are alarming,” the UN Assistant Secretary-General, Khaled Khiari, has said, calling for the […]
Tag: Egypt
Egypt’s national carrier to launch third route to Libya from January 25
Yehia Zakariya, chairman of the Board of Directors of the EgyptAir Holding Company, has confirmed the operation of new direct flights from Cairo to Misrata in Libya, starting from January 25, Libya Observer reports. Misrata become the third city the Egyptian carrier will be flying to, after Tripoli and Benghazi. Zakariya reportedly on company’s Facebook […]
Morocco, UAE, Egypt, Jordan, Bahrain team up in industrial partnership
Morocco joined an Arab industrial cooperation partnership bringing together the UAE, Egypt, Jordan and Bahrain aiming to promote investments and economic development. The partnership’s MoU was signed in Manama by the five countries during a high-level ministerial meeting, attended by Moroccan industry minister Ryad Mezzour. The partnership offers a promising cooperation platform to support sustainable […]
Saudi-led consortium seals deal with Egypt on $1.5bn in 1.1 MW wind project
A consortium led by the Saudi-listed water desalination company ACWA Power has signed a usufruct agreement to invest $1.5 billion in a 1.1 MW wind project in Egypt, a statement by the Egyptian cabinet announced Thursday. The agreement was signed between Egypt’s New and Renewable Energy Development and Utilization Authority and the consortium including the […]
CAF appoints four African legends ambassadors to promote African football
la Confédération Africaine de Football (CAF), the football governing body of the African continent, unveiled Monday January 8 the first names that include Egyptian Ahmed Hassan, the four times AFCON winner, to be signed up in the newly-established CAF Ambassadors program. Hassan is joined by Ghana’s Asamoah Gyan, Senegal’s El Hadji Diouf and Nigeria’s magician […]
Russian EVs producer Concordia to set up manufacturing factory in Egypt
Concordia, a Russian manufacturer of electric vehicles (EVs), will set up an EV components manufacturing factory in Egypt as part of deal with real estate developer GV Investments. Per the partnership, GV Investments will provide the plot of land needed for the project and construct the factory, reports say. The future factory is expected to […]
Egypt Sovereign Fund unveils plans to establish 2,600 new hotel rooms in downtown Cairo
Ayman Soliman, Chief Executive Officer of the Sovereign Fund of Egypt (SFE) unveiled plans for upgrading downtown Cairo and the Ministries Square, including the establishment of 2,600 hotel rooms, the development of 15,000 square meters of green spaces, and the revitalization of historical buildings, Ahram Online reported Thursday. Soliman speaking at a meeting of the […]
Egypt poised to promote yachting tourism
Egypt’s Ministry of Transport will hold a Conference on Wednesday January 3 in the New Administrative Capital to explore ways to enhance the establishment of local and international marinas and boost yacht tourism in the North African country, Ahram Online reports. Investors and stakeholders in yacht tourism and marina construction, investors in coastal villages and […]
Libya proposes Egypt new commercial crossing border to spur bilateral trade
Libya’s General Federation of Chambers of Commerce, Industry, and Agriculture has proposed a new commercial crossing on the border with Egypt to facilitate the flow of goods and enhance bilateral trade, separate from the Salum land crossing used by individuals, Libya Observer reports. Mohamed Al-Raeed, head of the federation, held discussions on the initiative during […]
Egypt, Iraq, Jordan working on final plan to start operations on 1st-ever Arab Trade Line
Egypt, Iraq, and Jordan are putting the final touches to start operations on the first stage of the Arab Trade Line, the first-ever shipping/logistics line connecting several countries from the Arab Gulf to Egypt on the way to European and American ports, Ahram Online reports. Work is underway to build the Taba–Arish trade/logistics railway corridor, […]