ADCB reveals business strategy in Egyptian market during coming period

Bank aims to increase capital to comply with new banking law, expand geographically, achieve 25% growth rates in 2021, says CEO Ihab El Sewerky

Hossam Mounir

Central Bank of Egypt targets average inflation rate at 7% (±2%) in Q4 of 2022

Central bank to continue using monetary policy tools to control inflation expectations, and to containing inflationary pressures from the demand side

Hossam Mounir

Mozambique defense forces kill 37 terrorists in northern region

The jihadists, who have pledged allegiance to the Islamic State group, have been active for three years in the Cabo Delgado region of Mozambique

Xinhua

Iraqi Shia leader warns Iran, US not to involve Iraq in their conflict

"I call on Iran to distance Iraq from its conflict, and I warn the [US] occupier against continuing its conflict ... Iraqis are not a party to the conflict."

Xinhua

Egyptian, Russian FMs discuss regional issues of mutual interest

During the phone call, Egyptian Foreign Minister Sameh Shoukry and his Russian counterpart Sergey Lavrov examined the overall regional situation

Xinhua

Moroccan King, Israeli PM hold first phone call since normalization

Moroccan King Mohammed VI welcomed the reactivation of cooperation mechanisms between the two countries within framework of peaceful relations

Xinhua

AU warns against disruption to Central African Republic elections

Central African Republic has been struck by violence since 2013 when Muslim Seleka rebels ousted then-president, prompting reprisals from Christian militias

Xinhua

Africa’s confirmed COVID-19 cases near 2.6 million: Africa CDC

The most affected African countries in terms of positive cases include South Africa, Morocco, Egypt, and Tunisia, figures from the Africa CDC showed.

Xinhua

Lebanon records 1st infection with new COVID-19 variant

Health experts have called for halting flights from concerned states to Lebanon to prevent new COVID-19 variant, but no such measures have been taken yet.

Xinhua

EU nations welcome last-minute post-Brexit trade deal with UK

The post-Brexit trade deal will need the approval of the European Parliament, the British Parliament and the EU's 27 member states.

Xinhua