Business Egypt Europe Finance Headlines International

EU to loan Egypt €1.1bn for financing three transport projects

The European Investment Bank (EIB) will loan Egypt by year’s end €1.1 billion in form of financing package for the implementation of three transport projects in the Arab country. The package will come in two installments. The first tranche will take place in December and valued at €600 million, the Egyptian cabinet said in a […]

Egypt Energy Headlines

Egypt aims to increase gas daily exports to 1 bcf

Egypt aims to increase gas daily exports to 1 billion cubic feet (bcf), Minister of Petroleum and Mineral Resources Tarek el Molla said in an interview while stressing some challenges. Molla told Sky News Arabia that Egypt’s current gas daily exports stand at 300-800 million cubic feet while the production is 72 bcf.   The […]

Africa Egypt Headlines International

Egypt, Sudan to build connecting railway network

Egypt and Sudan Tuesday agreed to build a railway network connecting both countries, Arab Finance reports citing statement from the Egyptian side.   The cooperation agreement was signed by the two countries’ transport ministries, the statement said, adding that the network will link the southern Egyptian city of Aswan and the Sudanese border city of […]

Egypt Headlines

Egypt halts diving activities at Ras Mohammed national park after shark attack

Egyptian authorities have closed the diving spot of Ras Mohammed national park, at the resort city of Sharm El-Sheikh after a 12-year old Ukrainian boy lost his hand in a shark attack. The move came after a shark attacked the boy and his mother as well as their guide during a dive in the park […]

Egypt Headlines

Egypt registers first female coach to train men’s professional soccer team

Former Egyptian female soccer star Faiza Heidar has been tasked to train fourth division side Ideal Goldi, becoming therefore the country’s first female technician to coach a men’s professional team.   The former captain of Egypt’s female national soccer team is the only Egyptian woman to be certified by England’s Premier League to coach across […]

Egypt Headlines Morocco

Morocco bans Raja from traveling to Egypt for second leg CAF Champions League match over covid-19 cases

Morocco’s health ministry Tuesday ordered Casablanca-based popular football club Raja to go into self-isolation ahead of its away Confederation of African Football CAF Champions League tie in Egypt against Cairo-based Zamalek after the side reported nine cases of coronavirus. The ministry, Le360.ma reports, has sent a correspondence to the club after nine players of the […]

Asia Egypt Headlines International

Egypt tones down criticism of Turkey as divisions are being addressed

Egypt has instructed its media to water down criticism of Turkey at a time the two countries are engaged in secret talks to iron out conflicting files including the Libyan one. A source in Egyptian state TV who asked not to be named told New Khaleej that authorities gave the new instructions as Cairo and […]

Business Egypt Finance Headlines

Attijariwafa bank Egypt inks cooperation agreement with MoneyGram

Attijariwafa bank Egypt has entered into partnership with U.S-based MoneyGram International in view of supporting the Arab country’s financial inclusion policy, Arab Finance reports. The Moroccan bank in a statement said with the new partnership, MoneyGram’s clients worldwide will be able to transfer remittances to be received at any of its 65 branches in Egypt. […]

Headlines Libya

UN urges sanctions against spoilers of next month Libyan talks for unity government

The UN acting envoy to Libya, Stephenie Williams has called for sanctions to be slapped on individuals who might spoil inter-Libyan talks next month to foster the formation of a unity government, Libya Observer reports. “Frankly, you need a unified executive if you want to move toward national elections, because you need a national government […]

Asia Egypt Headlines International

Palestinian rights group slams Egypt for “executing” two Palestinian fishermen

The Palestinian Center for Human Rights has laid into Egypt after Egyptian naval force shot at three Palestinians fishermen killing two of them. The fishermen, who were brothers from Gaza, were killed Friday along the Palestinian-Egyptian maritime border after Egyptians forces opened fire on them. “It is clear that there are specific instructions and orders […]