Africa Egypt Headlines International

Angered by a TV Series, Sudan Summons Egypt’s Ambassador

Sudan summoned Egypt’s ambassador in Khatourm to express resentment at a TV series, which portrays Egyptian terrorist finding refuge in the neighboring country. The Sudanese foreign ministry said that the Ramadan series, titled Abu Amr al-Masry, broadcasted by ON TV satellite channel, is “insulting to Egyptians living in Sudan and destroying the confidence and relations […]

Africa Egypt Headlines International

Egypt, Sudan, Ethiopia Agree to Hold Periodical Meetings on Nile

A breakthrough has been reached by Egypt, Sudan and Ethiopia in their long dispute over the distribution of Nile water as Addis Ababa nears completion of its $5 bln Grand Renaissance dam. The three countries agreed to set up a scientific study group to examine the filing of the dam. They also agreed that leaders […]

Egypt Energy

Egypt Eyes $10 bln Foreign Investment in Oil, Gas

Egypt is expecting foreign investment in the oil and gas sector to reach about $10 billion in the 2018/19 fiscal year, Petroleum Minister Tarek El Molla said. According to Molla, Egypt expects foreign investments to total the same amount for the current fiscal year, marking a 25 percent increase from the previous year. Last year […]

Egypt Headlines

Egypt: Almost Unchallenged al Sisi Re-elected

Incumbent President Abdel Fattah al-Sisi has been re-elected for another four-year term in an election deserted by main opposition parties. Official MENA news agency and other state media, namely Ahram and Akhbar el-Youm, have announced al-Sisi winner of the three-day presidential poll which ended Wednesday. Al-Sisi is credited with 92 per cent of the votes […]

Business Egypt Headlines Morocco

Egyptian Company Edita to Set up Factory in Morocco

Edita Food Industries SAE (EFID) has announced plans to set up snack food factory in Morocco. Edita, which has teamed up with Dislog Group in Morocco, seeks to reinforce its expansion plans and strengthen its position in the snacks market. Last December, Edita’s chairman and CEO Hani Berzi said that commercial operations will begin in […]

Egypt Europe Headlines International

Egypt-UK: British MPs Seek to visit Imprisoned Morsi

A panel of British lawmakers has submitted a request to visit former President Mohamed Morsi in detention since he was overthrown in 2013 by incumbent President who is seeking a second term in office. The group, made of the UK’s two leading parties, Conservative and Labor, reportedly wrote to Egypt’s UK ambassador to request a […]

Egypt Headlines

Riyadh to fund Egypt’s version of NEOM city in South Sinai

Egypt and Saudi Arabia agreed Sunday to set up $10-billion joint fund for the development of the Egyptian side of NEOM city in the South of the Sinai restive Peninsula. The agreement took place in the presence of Saudi Crown Prince Mohamed bin Salman, or MBS, who is paying a three-day visit to Cairo. The […]

Energy Headlines Libya

Libya: US Treasury Slaps Sanctions on Oil Smugglers

The US Treasury has imposed new sanctions, including asset freeze, on several entities and individuals from Libya, Egypt and Malta believed involved in the smuggling of Libyan oil. The new sanctions from the Treasury’s Office of Foreign Assets Control (OFAC) have targeted six people, twenty-four companies and seven vessels. Assets belonging to targeted individuals and […]

Egypt Headlines

Egypt: Opposition figure, former MB listed as terrorist

Recently arrested opposition figure Abdel Moneim Abul Fotouh has appeared on authorities’ backlist of terrorists after the ministry of interior accused him of fostering ties with exiled members of outlawed Muslim Brotherhood. The former member of the Islamist movement has been remanded in prison since his arrest last week upon his return from London. Security […]

Egypt Energy Headlines

Egypt, Israel Seal $15 bln Gas Deal

Israeli Delek Drilling company announced that it signed a $15 billion agreement to export gas to Egypt, a deal described as most significant since 1979. The agreement reflects the deepening strategic ties between the two countries as well as Cairo’s ambitions to become a regional energy hub. Israeli Prime Minister Benjamin Netanyahu welcomed the agreement […]