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Egypt

Egypt

Egypt Commences Voting To Elect New Parliament

Egypt has commenced voting to elect new parliament. The parliamentary elections will stretch over several weeks.  A first round of voting will end on Sunday, with a second round on Nov. 7-8. Run-offs will take place in late November and early December, Reuters reports. The polls are being held under a new electoral law under …

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EgyptAir

Ghana, EgyptAir Sign MoU to Establish National Aviation Company

Ghanaian government and Egyptian flag carrier EgyptAir have signed memorandum of understanding (MoU) to establish a Ghanaian national aviation company with investments from both countries. The MoU aims to enable the Ghanaian side to benefit from EgyptAir’s vast experience, as Africa’s oldest air carrier that provides its services to more than 80 destinations around the …

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Meet Egyptian world’s oldest football pro

Egyptian grandfather Ezzeldin Bahader has been recognized as the world’s oldest professional football player after completing a second full match just short of his 75th birthday, Arab News reports. Bahader was awarded the title by Guinness World Records on Saturday evening after missing a penalty kick as his team, 6th October, lost 3-2 to El …

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Egypt to conduct naval drills with Russia in Black Sea

For the first time, Egypt will participate in joint naval drills with Russia in the Black Sea before the end of 2020, the official Russian news agency TASS reported.To reach the Black Sea, Egypt’s vessels will pass through Turkey’s Bosphorus Strait. There have been tensions between the two countries since the late Egyptian President Mohammed …

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Egyptian archaeologists unveil discovery of 59 sealed sarcophagi

Archaeologists in Egypt have announced one of the most dramatic finds in decades after 59 sealed sarcophagi were uncovered from the ancient necropolis of Saqqara, outside Cairo, Arab News reports.The mummified remains date back almost 2,500 years, with many more expected to be found in coming months.Saqqara, 32 kilometers south of the capital, is one …

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UK businesses explore retail & e-commerce opportunities in Egypt

The UK Department for International Trade (DIT) and the Egyptian British Chamber of Commerce (EBCC) organised its first retail webinar to explore retail and e-commerce opportunities for British companies in the Egyptian market. More than 50 attendees joined the webinar, among them Sir Jeffrey Donaldson, the UK Trade Envoy to Egypt, who highlighted the growth …

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Egypt: Central Bank announces fall in external debt

The Central Bank of Egypt has announced a fall in the country’s external debt. Arab News reported that the figures for the first quarter (Q1) of the year showed the deferred payments total to be standing at $111.3 billion compared to $112.7 billion in Q4 of 2019. A central bank report said the ratio of …

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Egypt signs 15-year contract with French metro line operator

Egypt has signed a 15-year, billion-euro contract with French transport operator RATP Dev to manage Cairo’s third metro line. Arab News reported that the government has sought to expand the run-down network in recent years to ease the burden on the traffic-choked streets of the capital, home to more than 20 million people.In 2012 its …

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Nigeria, Kenya, Egypt top in Africa’s venture capital investments

The National Information and Technology Development Agency (NITDA), has listed Nigeria among the top three countries in Africa attracting the largest volume of investments from venture capitalists for technology startups and hubs. The Director-General of NITDA, Kashifu Inuwa Abdullahi, in an interview reported in the guardian, said interestingly, Nigeria occupied the first position with a total …

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Sudan, Egypt, Ethiopia resume talks on Nile dam

Talks between Sudan, Egypt, and Ethiopia over the Grand Ethiopian Renaissance Dam (GERD) on the Nile River resumed on Friday under African Union (AU) mediation. Sudan’s Irrigation and Water Resources Ministry announced. “The talks between the three countries were resumed on Friday via video conference with mediators and monitors attending,” said the ministry in a …

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