Latest in Highlight
Prime minister says conference will take place in either November or the beginning of 2015
Egypt has proposed three petrochemical projects to the UAE for a total investment of $540m, according to a senior official at the Ministry of Petroleum. The projects included establishing a factory to produce bio-ethanol from molasses, the output of which would reach 100,000 tonnes of molasses annually, with investment in the project totalling $250m. The …
Distrust of the US and questions about the reliability of the US as an ally have persuaded Saudi Arabia and Israel to go public with their tacit alliance
Foreign Minister Sameh Shoukry continues Arab tour amid increasing violence in Palestine, Iraq
El-Sisi predicted the number of Egyptian pilgrims to reach 920,000 by the end of Ramadan in light of widespread interested in Umrah trips throughout the holy month.
The Ministry of Planning has announced intentions to hold a conference for “donor countries” to Egypt before the end of the year and following the completion of parliamentary elections. Nihal Al-Megharbel, adviser to the Minister of Planning Ashraf El-Araby, made the remarks Monday on the sidelines of a conference to sign agreements for funding slum …
Saudi Arabia to help Egypt implement Broadcasting and Television Heritage Office’s restoration project
Country was fourth largest contributor to Top 500 companies in the Arab World’s list, Forbes Middle East indicated
Egypt’s Ministry of Tourism hopes to attract 2 million Arab tourists by the end of 2014 by launching promotional campaign in the Emirates, Saudi Arabia and Kuwait
Flynas launches seventh route to Saudi Arabia in June
No additional information on timing or participating countries yet, say Ministry of Planning, Saudi Embassy in Egypt
White House says it is looking forward to working with Egypt’s new president, but also shared concerns
Bahraini ministry expresses continued support for Egypt’s roadmap
By Ahmed Abou El Saad and Eric Swats The Egyptian economy Since 2011, Egypt has been hit hard by both ongoing political volatility and social unrest. Four key economic indicators have underscored this reeling economy: an increase in T-Bill rates, a decrease in Net International Reserves, the depreciation of the Egyptian pound (EGP) and a …
Gunmen stormed the GNC in southern Tripoli on Sunday, two days after an anti-Islamist offensive launched by a rogue general in the eastern city of Benghazi.
AFP – Saudi Arabia closed its embassy in Tripoli on Monday and evacuated all its diplomats over “security” concerns in Libya, the SPA state news agency reported. The Saudi ambassador to Libya Mohammed Mahmud al-Ali told SPA the kingdom’s consulate in Libya was also closed “due to the current circumstances and the security situation.” He said all diplomats in …
The authority requested that Saudi Arabia supply large quantities of diesel fuel during the current period in order to satisfy the needs of power stations during the summer.
Egypt has made various offers to the UAE, Saudi Arabia and Kuwait regarding a number of projects, including the establishment of laboratories for refinement areas in Ain Sokhna, the North Coast, Alexandria and Upper Egypt.
Egyptian FM also visits Saudi Arabia, Emirates to discuss environmental issues, aid to Egypt
The virus is mainly focused on Saudi Arabia
AFP – Egypt recorded its first MERS infection after a person who arrived from Saudi Arabia tested positive for the virus, state media reported on Saturday. MERS infections have killed 92 people in Saudi Arabia, where the coronavirus was first detected in humans in 2012. State television reported the patient was in a Cairo hospital …
Health minister sacked
Reuters – The private sector arm of the Jeddah-based Islamic Development Bank plans to increase its activities in Africa, part of plans to widen the appeal of Islamic finance across the region, its chief executive said. Established in 1999, the Islamic Corporation for the Development of the Private Sector (ICD) supports the economic development of …
Dozens of Saudis and expats were killed and wounded that year in car bombings
Foreign minister and Arab League Secretary General discuss terrorism and regional issues
The Sharjah-based budget carrier, which currently operates out of three hubs in the Gulf and North Africa region, signed an agreement with the RAK government in February declaring it the official carrier for the emirate and RAK airport as its new hub.
Punishment ranging from fines and jail terms to confiscation of assets and deportation may be imposed, escalating a year-long crackdown on visa irregularities that have been overlooked for decades.
AFP- Human Rights Watch welcomed Saturday a recommendation by Saudi Arabia’s consultative Shura Council to lift the ban on sports in girls’ state schools. On Tuesday, the council recommended that the longstanding ban, relaxed in private schools last year, be ended altogether, state media in the ultra-conservative Muslim kingdom reported. It is now up to …
Reuters – National Commercial Bank, Saudi Arabia’s biggest bank by assets, plans to boost its capital by SAR 5bn ($1.3bn) through conversion of its retained earnings into capital, it said in an emailed statement on Tuesday. The announcement comes one month after the Saudi government said it planned to float 15% of the state-owned bank …
Reuters – Saudi Arabian conglomerate Ahmad Hamad Algosaibi& Brothers has called a meeting of creditor banks in Dubai on 7 May to discuss a proposed settlement of billions of dollars of unpaid debt, commercial bankers said on Monday. The 2009 collapse of Algosaibi’s Bahrain unit, The International Banking Corp, and Awal Bank, owned by Maan …