Business Egypt

Egypt sets up consulting firm for transport projects

The Egyptian Transport ministry signed on the 19th of June a Memorandum of Understanding (MoU) with an International/Egyptian alliance to set up a consulting firm that will provide consulting services in the fields of transportation projects. The Egyptian-French consortium comprises French Aegis Alliance, the International Consulting Company (Sestra) and Shaker Engineering Company. The new firm, […]

Business Egypt Features Finance Headlines

Egypt taps on IFC to advise on IPO program

Egypt signed Sunday a five-year agreement with the International Finance Corporation (IFC) to advise on its Initial Public Offering (IPO) program under which dozens of state-run companies will be listed on the stock market. The World Bank’s for the Empowerment of the Private Sector will act as a strategic advisor to the government for the […]

Africa Features Headlines International

African ‘peace mission’ leaders visiting Kyiv greeted by explosions, air raid sirens

Five African leaders seeking to help bring an end to the war in Ukraine arrived in Kyiv on a peace mission on Friday (16 June) as the Ukrainian capital city was rocked by explosions and the blaring of air raid sirens. Last month, South African President Cyril Ramaphosa had indicated that his Russian and Ukrainian […]

Business Egypt Emerging Markets

Egypt inaugurates Tahya Misr multipurpose maritime Terminal in Alexandria

Egypt’s President Abdelfattah al-Sisi inaugurated Thursday the Tahya Misr multipurpose maritime Terminal in Alexandria as part of plans to develop local ports, local media “Ahram Online” reports. The Tahya Misr multipurpose maritime Terminal will play a vital role in transforming the Port of Alexandria into a regional and global hub for trade and logistics, the […]

Africa Features Headlines International

Sudan: shelling rocks Khartoum as 24-hour ceasefire ends

As the latest in a series of ceasefire agreements ended in Sudan at 6am on Sunday (11 June), only minutes later gunfire and shelling resumed again in the capital Khartoum. The 24-hour ceasefire agreement had given civilians rare respite from nearly two months of war, enabling them to venture outside and stock up on essential […]

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EgyptAir unveils Manchester, New Delhi routes

Egypt’s national carrier EgyptAir has added new routes serving India and the United Kingdom, namely Cairo to Manchester and Cairo to New Delhi. The Manchester-bound flights will kick off on July 15 with plans to operate five weekly round trips on Tuesdays, Thursdays, Fridays, Saturdays, and Sundays, using the Boeing B737-800NG model. The first flight […]

Egypt Features Headlines

Three British holidaymakers still unaccounted for after fire caught boat in Red Sea

Three British tourists went missing Sunday after a fire broke out in their yacht during a trip near the Egyptian Red Sea resort town of Marsa Alam. A yacht dubbed “Hurricane”, Ahram Online reports, caught fire on Sunday during a trip scheduled for 6-11 June in the Fuston area, about 25 km north of Marsa […]

Africa Egypt Headlines International

Egypt, Angola ink two cooperation deals covering several areas

Egypt and Angola signed Wednesday two Memorandum of understanding (MoU) for cooperation in fields of security and groundwater on the sideline of the visit of the Egyptian leader Abdelfattah al-Sisi. Angolan President Joao Lourenco and his guest al-Sisi witnessed the signings following talks between the two leaders. The talks according to al-Sisi’s Office covered a […]

Business Egypt Features Finance Headlines

Egypt, Saudi Arabia ink deals for industrial cooperation

Egypt and Saudi Arabia signed Sunday two deals for industrial cooperation covering non-oil exports and auto industry, Ahram Online reports. The first Memorandum of understanding (MoU) involved the export authorities of both countries to boost cooperation on non-oil exports. The second deal is signed between Saudi National Industrial Development Centre and Egyptian consumer finance company […]

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US First Lady in Egypt on regional tour

US First lady Jill Biden has arrived Friday in Egypt, second stop on a week-long, four-country tour in the region that reaffirms the commitment of the USA to strengthening partnerships and advancing shared priorities in the region. In Egypt, Jill Biden, according to the US embassy, will meet with women and youth and highlight US […]