Saudi Arabia commits to $600bn US investment in new strategic agreement
US President Donald Trump and Saudi Arabia signed a strategic economic agreement on Tuesday, with the Gulf nation committing to significant investments in the United States, including substantial defence and…
Afreximbank President Oramah calls for mindset shift for AfCFTA success
ABIDJAN – Benedict Oramah, President and Chairperson of the Board of Directors of the African Export-Import Bank (Afreximbank), stated that a change in mentality, particularly among middle and lower management,…
Egypt’s Al-Mashat meets AfDB President, focus on private sector, continental integration
Egypt's Minister of Planning, Economic Development and InternationalCooperation, Rania Al-Mashat, met with African Development Bank (AfDB) Group President Akinwumi Adesina during his visit to Egypt to discuss strengthening their strategic…
Cannes 2025 opens with honours, icons: De Niro celebrated, Binoche leads jury
The 78th Cannes Film Festival officially opens Monday, once again turning the French Riviera into the beating heart of global cinema. Along the famed Croisette, red carpets roll out beneath…
Egyptian expat remittances surge to $32.6bn after March 2024 reforms: CBE
The Central Bank of Egypt (CBE) announced on Monday that remittances from Egyptians working abroad have surged to an unprecedented level, reaching $32.6bn over the 12-month period from March 2024…
Industrial Ministerial Group reviews free zone, golden licence requests prior to cabinet consideration
The 23rd meeting of the Industrial Development Ministerial Group was chaired by Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir. The meeting was attended…
Al-Sisi reviews Suez Canal developments, expansion of maritime services
Egyptian President Abdel Fattah Al-Sisi held a high-level meeting on Monday with Osama Rabie, Chairman of the Suez Canal Authority (SCA), and Mostafa El-Degishy, Chairperson of South Red Sea Shipyard,…
Indian business delegation to visit Egypt in June: Acting ambassador
Acting Ambassador of India in Cairo, C. Sushma, announced that a delegation from the Indian business community will visit Egypt in June, emphasizing that Indian companies see Egypt as a…
Hamas releases US-Israeli detainee Edan Alexander amid ceasefire uncertainty
Amid the ongoing and intensifying Israeli war on Gaza—and despite mixed signals regarding the fate of ceasefire negotiations—Hamas announced the release of US-Israeli soldier Edan Alexander, describing the move as…
EBRD backs Egypt’s first solar, battery storage project with $30m equity bridge loan
The European Bank for Reconstruction and Development (EBRD) has announced a $30m equity bridge loan to Obelisk Solar Power, a special purpose vehicle owned by Scatec ASA, a global leader…