Egypt Headlines

Egypt nabs renowned businessman for funding unlicensed excavation of antiquities

The Egyptian police arrested Tuesday businessman and ex-owner of Mehwar satellite channel Hassan Rateb on accusation of funding unlicensed excavation of antiquities, a crime amounting to life imprisonment. Rateb has been named in an investigation of former lawmaker Alaa Hassanin who was also arrested last week and accused of leading a gang to dig for […]

Business Egypt Headlines Morocco

Morocco asks Egypt to abide by fair trade rules

Moroccan Trade Minister has asked Egyptian peer to abide by fair trade principles in line with the Agadir Free Trade deal after Egyptian authorities blocked on purpose a cargo of Dacia cars made in Morocco. Trade Minister Moulay Hafid Alamy told MPs he complained to his Egyptian peer about the unjustified delays and waved the […]

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Arab League meets again to discuss Ethiopia’s Renaissance Dam

The Arab League holds this Tuesday, June 15, in Doha, Qatar, an extraordinary meeting of Foreign ministers on the Ethiopian Great Renaissance Dam. Sudan and Egypt requested the holding of this emergency meeting as they want to warn of the “risk” Ethiopia’s unilateral actions pose to the region, since trilateral talks stall. A former adviser […]

Asia Egypt Headlines International

Russian charter flights to Egypt Red Sea resorts to resume shortly

Direct Russian charter flights to Egypt’s Red Sea resorts will resume in the “near future”, Russian deputy FM Mikhail Bogdanov announced  amid high hopes in Egypt for more arrivals of Russian holidaymaker, Russian news agency TASS reports. Russia halted direct flights from Russian cities to Red Sea resorts in the wake of 2015 crash of […]

Africa Egypt Headlines International

Egypt irked by Ethiopia’s announcement of 100 new dams’ construction

Egyptian officials and media have reacted angrily after Ethiopia announced Sunday it will build next year more than 100 dams aside the current disputed Nile River hydro dam, Anadolu news agency reports. Ethiopian Premier Abiy Ahmed Sunday indicated that his country will build during the next fiscal year at least 100 medium and small dams […]

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Egypt: Tourism revenues on the rise thanks to arrivals from Eastern Europe, Gulf countries

Egypt is targeting between $6 billion and $9 billion in tourism revenues in 2021 as the country reports a rise in arrivals of Eastern European and Gulf holidaymakers, Bloomberg reports quoting tourism minister Khaled El Anany. Late last month, Deputy Minister Ghada Shalaby said Egypt is expecting to generate between $6 billion and $7 billion […]

Africa Egypt Headlines International

Egypt, Sudan to hold ‘Guardians of the Nile’ joint military drill May 26-31

Egypt and Sudan will hold a joint military drill dubbed Guardians of the Nile amid crisis over Renaissance Dam project by Ethiopia. Land, air and sea forces of both countries will take part in the drill scheduled May 26-31, Middle East Monitor (MEMO) reported citing the Sudanese army. The joint drill aims to exchange military […]

Egypt Energy Headlines

Egypt to build largest petrochemical complex in Africa, Middle East

Egypt is set to build the largest petrochemical complex in Africa and the Middle East to refine and produce a range of petroleum and chemical products, Zawya reports. The project will cost $7.5 billion and will cover an area of 3.56 million square meters located in the Ain Sokhna Industrial Zone of the Suez Canal […]

Business Egypt Headlines Morocco

Egypt-based Edita Food Industries to launch production plant in Morocco by end of 2021

Edita Food Industries (EFID), one of Egypt’s largest food companies, will inaugurate a production factory in Morocco by end of this year, a top official of the company told Almal News.   Hani Barzi, Chairman of the company told the media that the factory was planned for last year but the pandemic and the lockdown […]