Christmas arrives in Egypt

Egypt's Coptic Orthodox Christians flocked to attend Christmas Eve mass across the predominantly Muslim country on Monday evening. President Abdel Fattah el-Sissi attended mass at the Cathedral of Nativity of Christ in the New Administrative Capital, …

Oman, Egypt explore new opportunities for trade and investment

Muscat – H E Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion (MoCIIP), met with Dr Badr Abdel Aati, Minister of Foreign Affairs, Immigration and Expatriates Affairs of Egypt, during the latter’s visit to the sultanate …

Biden administration decides to redirect USD95 million in military aid initially allocated to Egypt to Lebanon

(MENAFN) The Biden administration has decided to redirect $95 million in military aid, initially allocated to Egypt, to Lebanon. This decision comes in light of Lebanon's ongoing security challenges, including threats from Hezbollah and other non-state …

Egypt’s Tourism Sector Breaks Records with $14 Billion in Revenue

Egypt: EGX concludes Monday’s trading session down

Egypt - The Egyptian Exchange (EGX) closed Monday’s trading session in the red zone, with market capitalization hitting EGP 2.203 trillion. The EGX30 index fell by 0.84% to 29,929.64 points. The Sharia-compliant index, EGX33 Shariah index, also retreated …

Egypt to resume Zohr field development in January: minister

Egypt - Development work at the Zohr natural gas field is set to resume during January, Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi said. During his speech before the general session of the Senate, Badawi unveiled plans to commence …

Egypt: CI Capital concludes bond issuances worth over $94mln

Egypt - CI Capital has concluded four bond issuances totaling over EGP 4.8 billion for several companies in diverse sectors, as per an emailed press release. The issuances include securitized bonds for Contact Financial Holding, GB Lease and Factoring, …

Iheanacho may end up in Egypt

Egyptian giant, Al Ahly has set sights on Nigerian forward Kelechi Iheanacho, currently plying his trade with Spanish outfit Sevilla, Soccernet.ng reports. The 28-year-old has found life challenging in La Liga, struggling to make an impact since joining …

Egypt’s foreign reserves exceed $47 billion

The Central Bank of Egypt announced on Monday, that net foreign reserves have increased to $47.109 billion in December, compared to $46.952 billion at the end of November.    Egypt’s foreign reserves consist of a basket of major international currencies, …

PowerChina to build major wind farm in Egypt

Egypt's largest onshore wind power project is to be designed and built by a Chinese company, which is deemed by insiders as a milestone in the country's renewable energy sector and demonstrates the growing global influence of Chinese energy and …