First Independent Mena Newspaper
Japan will release to Egypt $301 million to finance the implementation of phase one of Cairo Metro’s fourth line. The related agreement was signed between Egypt’s Minister of International Cooperation, Rania El-Mashat and the Minister of Transport, Kamel El-Wazir, and Japan’s Embassy in Egypt and the Japan International Cooperation Agency (JICA), Mubasher reports. The funds […]
An Egyptian-Qatari Business Forum will be launched during the first quarter (Q1) of 2023, Mubasher reports citing sources familiar with the matter. Egypt’s General Authority for Investment and Free Zones (GAFI) has been mandated to arrange the event, the sources indicated noting that the forum will be launched at the Gulf country’s recommendation. A number […]
The World Bank has granted Egypt a new development financing of $500 million to support the “Takaful and Karama” program according to the Arab country’s Minister of International Cooperation Rania Al-Mashat. Takaful and Karama program supports the most vulnerable classes against the implications of the global economic crises and external shocks. The financing will support […]
Egyptian customs at Cairo airport arrested Thursday a passenger coming from Germany who attempted to smuggle in bladed weapons and narcotics, Arab News reports. Customs officers said the passenger, who arrived on an EgyptAir flight from Frankfurt, appeared confused while trying to exit the customs area. The man, who has not been named, also had […]
Egypt has toppled Russia as a fertilizer exporter to European markets, with exports amounting to 1.5 billion euros during the first ten months of this year, compared to 521 million euros for the same period last year, Asharq Business reports, citing the Egyptian Export Council for Chemical Industries. The council on Wednesday quoted a report […]
Egypt and Zambia are poised to bolster their cooperation in several telecommunications and information technology fields under a MoU signed by Egyptian Ministry of Telecommunications and Information Technology and the zambian Ministry of Technology and Science. Egypt and Zambia will cooperate in the fields of digital transformation, postal services, the building of institutional competencies, skill […]
Egyptian Ministry of Trade and Industry and the European Union (EU) are contemplating the organization in the arab country of a joint business forum meant to attract further European investments in the Egyptian market and boost exports to Africa. Ahmed Samir, the Egyptian Minister of Trade according to his department held an extensive discussion session […]
Egypt and Nigeria have signed a memorandum of understanding to enhance cooperation between the two countries in the fields of communication, information technology and digital economy, the Arab country announced Sunday. Per the MoU, the two parties will strategically cooperate in the areas of broadband and optical networking, the use of end-user devices, and the […]
Some 29 global companies including Amazon and Microsoft agreed Thursday with the Egyptian government to open headquarters, as authorities expect the agreement to create more than 34 thousand new job opportunities for youth. The agreements and contracts were signed with IT Industry Development Authority ETIDA. Per the accords, the contribution of the 29 companies will […]
Egypt’s New and Renewable Energy Authority (NREA) decided to cancel a project for the establishment of a 50-megawatt solar power plant in the South of Aswan worth a $50 million investment, Asharq Business reports citing three officials. Per the sources who asked not be named because not allowed to speak on the matter, the establishment […]