Rwanda braces for potential conflict as DRC and burundi bolster military capabilities
Tensions escalate in East Africa as Rwanda accuses its neighbors of harboring hostile intentions and preparing for invasion. Rwanda has tightened its air defenses, citing threats from neighboring Burundi and…
Egypt needs to allocate spectrum package to maximize 5G: Badawy
Amr Badawi, former President of the National Telecom Regulatory Authority, stated that the telecommunications sector has been a driving force for all aspects of the economy in Egypt, witnessing significant…
Big oil profits soar to $0.281 trillion amidst Ukraine crisis
A new analysis by Global Witness reveals that European and US oil and gas majors have raked in a staggering $281bn in profits since the Russia-Ukraine war two years ago.…
Egypt, World Bank discuss sustainable development in agriculture
Egypt’s Minister of Agriculture and Land Reclamation, Elsayed Elkosayer, met with Miskreem Barhan, the Regional Director for Sustainable Development in the Middle East and North Africa at the World Bank,…
$30m financing boost for Egyptian SMEs: ICD, Banque Misr sign letter of intent
The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) group, signed a letter of intent with Banque Misr today to…
Egypt, ITFC sign annual work programme worth $1.5bn
Egypt and the International Islamic Trade Finance Corporation (ITFC) have signed an annual work programme for 2024, as part of a five-year framework agreement to support vital sectors in the…
Egypt opposes any measures to displace Palestinians from Gaza: Shoukry
Foreign Minister Sameh Shoukry affirmed on Monday that Egypt opposes the Israeli military operation in Rafah and any proposals or actions that would result in the displacement of Palestinian residents…
Parliament to discuss amendments to Unified Public Finance Law next week: Maait
Minister of Finance Mohamed Maait has announced that the Cabinet has approved some amendments to the Unified Public Finance Law and sent it to the House of Representatives for discussion…
Gaza death toll rises as Israel blocks humanitarian aid
The ongoing Israeli offensive on Gaza has claimed the lives of more than 29,000 Palestinians and injured over 69,000 since 7 October, according to the Ministry of Health in Gaza.…
Suez Canal revenues down by half: Al-Sisi
Egypt’s President Abdel Fattah Al-Sisi said on Monday that the Suez Canal, which used to earn about $10bn a year, has seen its revenues drop by 40-50%. He made this…