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A year of opportunities with the East

  Amid Egypt’s fluctuating relations with the West, notably unstable US aid and conflicts with Germany over the human rights situation, Egypt’s foreign affairs were given wider directions to encompass the Eastern Block. Below is an outline of the major points in Egypt’s turn to the East. August 2014: President Abdel Fattah Al-Sisi visited Russia, highlighting ties between …

Daily News Egypt

TransCentury sells Rift Valley Railways stake to Egypt’s Citadel

Reuters – Kenya’s TransCentury said on Tuesday that it has sold its 34% stake in Rift Valley Railways (RVR) to Egyptian private equity firm Citadel Capital. Citadel said it bought the shares for $37.8m, raising its stake to 85%. Uganda’s Bomi Holdings owns the rest. RVR, operator of the sole rail line linking Kenya’s Indian …

Daily News Egypt

Is Morsy pivoting eastwards?

Last week was quite eventful for our illustrious president. From his visit to China to his presence in the Non- Aligned Movement’s (NAM) summit, Morsy’s political clout has been progressively expanding as he strives to reinvigorate the image of Egypt, the leader of the Arab world. Since his ascent to power, Morsy has confidently taken …

Mohamed El-Bahrawi

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