CIB provides $72m financing to Paradise to build region’s largest eco-friendly fabric plant
Commercial International Bank–Egypt (CIB) has signed a partnership and financing agreement with Paradise Textiles and several affiliated companies to support the establishment of the region’s largest fabric manufacturing plant in…
Over 1,500 German firms operate in Egypt with $4.9bn in investments: Minister
Hassan El-Khatib, Minister of Investment and Foreign Trade, inaugurated the Egyptian-German Business Forum, attended by Stefan Rouenhoff, Parliamentary State Secretary at Germany’s Federal Ministry for Economic Affairs and Energy, and…
Iran shackles reformist leaders as Washington signals military brinkmanship
When security forces arrived at the home of Azar Mansouri on Sunday, the arrest of the president of Iran’s "Reform Front" marked more than just a crackdown on a lone…
Al-Sisi, UAE president discuss investment ties, Gaza situation in Abu Dhabi
Egyptian President Abdel Fattah Al-Sisi met UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi on Monday, where the two leaders discussed strengthening bilateral relations, expanding economic and…
Egypt, Spain discuss expanding health cooperation, organ transplantation
Egypt’s Deputy Prime Minister and Minister of Health Khaled Abdel Ghaffar met Spain’s Ambassador to Egypt, Sergio Romano Carranza Forrester, to discuss strengthening strategic partnerships in the health sector, the…
Lavrov says multipolar shift ‘unstoppable’ as Indonesia joins BRICS
Russian Foreign Minister Sergey Lavrov characterised the global shift towards a multipolar world as an "objective" and "unstoppable" historical process, while accusing Washington of attempting to weaponise the U.S. dollar…
Cairo, Athens call for international stability force in Gaza and settlement of Iranian nuclear file
Egypt’s Foreign Minister Badr Abdelatty on Sunday called for the rapid deployment of an international stability force to monitor a ceasefire in Gaza and emphasised Cairo’s ongoing efforts to reach…
Yield on Egypt’s international bonds falls to 4% amid strong market performance: Finance Minister
Minister of Finance Ahmed Kouchouk said that risks related to Egypt’s public debt have declined, driven by growing investor confidence in the country’s economic trajectory and improving macroeconomic indicators. He…
Saudi Ports Authority seeks Suez Canal partnership for Jeddah port development
Saudi Arabia’s ports authority is seeking to partner with the Suez Canal Authority (SCA) for the development of Jeddah port and other infrastructure projects, the head of the Saudi body…
Al-Sisi reaffirms support for Somalia’s unity, warns against threats to Horn of Africa stability
Egyptian President Abdel Fattah Al-Sisi reaffirmed on Sunday Egypt’s “categorical rejection” of any actions that could threaten Somalia’s security, stability, or territorial integrity, underscoring Cairo’s commitment to supporting stability in…