Japan's JOIN explores investment opportunities in Egypt's infrastructure

CAIRO – 6 November 2024: CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba met a delegation from the Japan Oversees Infrastructure Investment Corporation for Transport and Urban Development (JOIN).     Heiba stressed Egypt' …

GLOBAL: DFDS launches new Italy-Egypt freight ferry service

Saudi Arabia, Egypt to lay first subsea cable

This new cable aims to enhance communication speeds and efficiency between the two countries and improve the flexibility of internet traffic between Europe and the Middle East. Several telecom companies are pursuing projects to connect Africa, Europe, and …

Egypt: Ebank’s consolidated profits surge 81% YoY in 9 months

Export Development Bank of Egypt (EBank) has reported an 81% year-on-year (YoY) climb in consolidated profits after tax for the first nine months of 2024, according to the lender’s financial indicators. The bank’s consolidated profits excluding minority …

Egypt: Alexandria Container’s profits grow 88% YoY in Q1 FY2024/25

Alexandria Container and Cargo Handling Company (ALCN) posted an 88% year-on-year (YoY) increase in net profits after tax during the first quarter (Q1) of the fiscal year (FY) 2024/2025, according to the financial indicators. The company’s net profits …

Rare tomb from Egypt's Middle Kingdom holds a wealth of jewelry and several generations of the same family

While excavating an ancient Egyptian necropolis near Luxor, archaeologists discovered a 3,800-year-old tomb containing multiple individuals who might represent different generations of the same family. The team, working at the South Asasif necropolis, …

Egypt’s President Sisi Congratulates Trump for US Presidency Victory

Egyptian President Abdel Fattah Al-Sisi congratulated Donald Trump on his 2024 US Presidential election victory, emphasizing the strength of Egyptian-American relations and expressing optimism for continued cooperation. In his statement, Al-Sisi extended …

PM: Egypt prioritizes fostering coop. with fellow African countries

Egypt gives top priority to boosting cooperation with fellow African countries, Prime Minister Mostafa Madbouly said Tuesday. The premier’s remarks came in his speech at a roundtable meeting of African housing ministers, which was held on the sidelines of …

EUSR for Human Rights Arrives in Egypt

Wed 06 Nov 2024 | 11:18 AM EU Special Representative (EUSR) for Human Rights Olof Skoog visited Egypt from 4 to 5 November 2024.  The visit was a follow-up mission to the visit of EUSR Eamon Gilmore in April 2022, and comes in the context of a deepened …

Jordan, Egypt Discuss Expansion of Arab Gas Pipeline, Cooperation in Gas Exploration

Ammon News - Minister of Energy and Mineral Resources, Saleh Kharabsheh, held discussions with Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, on advancing the Arab Gas Pipeline and addressing Jordan’s strategic energy needs. This …