Egypt’s food industry exports surge 11% to exceed $5.8bn this year
Egypt’s food industry exports reached more than $5.8bn during the first ten months of 2024, marking an 11% increase compared to the same period last year, Deputy Prime Minister for Industrial Development Kamel al-Wazir said on Thursday. Opening the fourth
Government clarifies Al Mana aviation fuel project at Sokhna based on usufruct, not land sale
Egypt has denied claims that it ceded land in the Sokhna integrated zone to Qatar’s Al Mana Holding, clarifying that the company’s sustainable aviation fuel project is based on a usufruct system and remains under full Egyptian sovereignty. The Suez
Pakistan arrests Islamic State Khorasan media chief
Pakistan has arrested Sultan Aziz Azzam, the media chief for Islamic State Khorasan Province (ISKP), intelligence sources confirmed to Pakistan TV. Azzam, who was designated a Specially Designated Global Terrorist by the United States in November 2021, was apprehended in
Egyptian Foreign Ministry cites “exceptional year” for diplomatic wins in UN bodies
Egypt’s Foreign Ministry on Thursday cited an “exceptional year” for Egyptian diplomacy following a series of high-profile electoral victories within United Nations bodies, headlined by a historic win for the leadership of UNESCO. In a statement, the Ministry of Foreign
Lebanese Army Commander Rudolf Heikal holds critical security talks in Paris
General Rudolf Heikal, the Commander-in-Chief of the Lebanese Armed Forces, met with French Chief of Defence Staff Fabien Mandon on Thursday to discuss strategic security challenges as international powers move to formalise a mechanism for disarming Hezbollah. The meeting
Al-Sisi affirms support for Sudan’s sovereignty and calls for accountability over conflict crimes
President Abdel Fattah Al-Sisi on Thursday reaffirmed Egypt’s full support for the unity and sovereignty of Sudan, calling for an end to crimes committed against the Sudanese people and the accountability of those responsible. In an expanded meeting at the
African Development Fund secures record $11bn replenishment, marking pivot toward investment-led growth
The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group, has secured a record $11bn for its 17th replenishment (ADF-17)—the largest fundraising outcome in the Fund’s history—signalling a decisive shift toward investment-led development across the
IBF & Company acquires 50% stake in Diatom CBT to drive cross-border e-commerce expansion
IBF & Company has completed the acquisition of a 50% equity stake in Diatom CBT, a cross-border technology company operating in the UAE and Egypt, in a move aimed at strengthening its portfolio of technology-driven ventures and expanding its footprint
PM says Egypt’s non-oil exports expected to reach $48-50bn this year
Egypt expects its non-oil merchandise exports to reach between $48bn and $50bn by the end of the current year, marking a 20% annual growth rate, Prime Minister Mostafa Madbouly said on Wednesday. Speaking at a weekly press conference, Madbouly stated
Cabinet grants golden licenses to MAC, Deli Egypt for EGP 15.1bn in new investments
The Egyptian Cabinet, chaired by Prime Minister Mostafa Madbouly, approved a package of major decisions during its 71st meeting, underscoring efforts to localise industry, attract foreign investment, expand clean energy, and support regional development. Chief among the approvals was the