The Suez Canal Authority (SCA) is in the process of acquiring South Red Sea Shipyard company, which specialises in building super yachts, sources close to the deal told Daily News Egypt.
The sources added that the SCA has already completed the (...)
Neuchatel – Philip Morris International Inc. (PMI) recently hosted its fifth Technovation at its R&D Centre in Neuchatel, Switzerland, that is referred to as 'the Cube.'
Throughout the conference, Daily News Egypt (DNE) engaged with PMI's senior (...)
Sharm El-Sheikh –Egypt and the UAE have signed a memorandum of understanding (MoU) to develop a 10 GW onshore wind farm in Egypt – one of the largest wind farms in the world.
The MoU was signed between the Egyptian government, Infinity Power – a (...)
Sharm El-Sheikh –Hala El-Said, Minister of Planning and Economic Development, said that the cost of damage caused by climate change annually in Africa will rise to $415bn annually by 2030.
She pointed out that the losses currently amount to about (...)
Abidjan – The Africa Investment Forum is an opportunity for Zimbabwe to attract investments into the country, the country's Minister of Finance and Economic Development, Mthuli Ncube, told Daily News Egypt.
"We had a very successful visit (...)
Abidjan — The Africa Investment Forum (AIF) 2022 concluded on Friday, collectively mobilizing about $31bn of investment interests in projects.
The third edition of the Africa Investment Forum (AIF) Market Days started on Wednesday in Abidjan, Côte (...)
Abidjan – The third edition of the Africa Investment Forum (AIF) Market Days started on Wednesday in Abidjan, Côte d'Ivoire.
Running from 2 to 4 November, the Africa Investment Forum 2022 is Africa's largest transactional investment marketplace, (...)
Egypt would have plunged into darkness if not for the Zohr natural gas field, President Abdel Fattah Al-Sisi said on Sunday.
The president's remarks came during the Egyptian Economic Conference 2022, organised by the Egyptian government, which (...)
Egypt's Prime Minister Mostafa Madbouly said that the exchange rate doesn't reflect the strength of the economy, and Egypt's main concern is controlling inflation, pointing out that some countries have taken measures to weaken their currency.
The (...)
Over the past four decades, both Egypt and New Zealand (NZ) maintained a high level of cooperation on the military file.
NZ has been a significant member of the Multinational Force and Observers in Sinai since 1982.
Both nations are engaged in a lot (...)
The Chairperson of the African Union Commission, Moussa Faki Mahamat, is following with grave concern, reports of increased fighting in the Tigray Region of the Federal Democratic Republic of Ethiopia.
In a Sunday press statement, the Chairperson (...)
US Senator Bob Menendez, Chairperson of the Senate Foreign Relations Committee, called on the parties to the conflict in northern Ethiopia to immediately cease hostilities, and for Ethiopian Prime Minister Abiy to 'order his Eritrean mercenaries' (...)
A meeting between the Speaker of the Libyan House of Representatives Aguila Saleh, US Assistant Secretary for Near Eastern Affairs Barbara A. Leaf and US Special Envoy for Libya Norland, hosted in Egypt's Cairo was held on Friday.
It aims to achieve (...)
International Monetary Fund has resolved all "big policy issues" with Egypt during their discussions on a new loan programme, and are scheduled to meet again on Saturday, IMF Managing Director Kristalina Georgieva said Friday.
In a press conference, (...)
Egypt is not vulnerable, as you said, because maybe at difficult times they breathe opportunities, the Egyptian Minister of Planning and Economic Development Hala El-Said emphasised.
El-Said's statements came during Bloomberg Emerging + Frontier (...)
Geographically, Egypt and New Zealand (NZ) are distant. It takes about 25 hours to fly to Wellington from Cairo. But the two countries have maintained good and cooperative relations since their official start in the mid-70s. This cooperation (...)
Tony Blair, President of the Tony Blair Institute for Global Change and former British Prime Minister said that the Sharm El-Sheikh Guidebook for Just Financing is a practical tool that identifies the challenges caused by climate change to leverage (...)
Minister of International Cooperation Rania Al-Mashat delivered a speech at the opening ceremony of the Egypt-International Cooperation Forum (Egypt-ICF 2022) and the Meeting of African Ministers of Finance, Economy and Environment in its second (...)
US Special Envoy on Climate Change John Kerry expressed his pleasure in participating in the Egypt- International Cooperation Forum (Egypt-ICF) 2022 in its second edition, which kicked off on Wednesday at the New Administrative Capital.
During his (...)
President and Chairperson of the African Export-Import Bank (Afreximbank), Benedict Okey Oramah, emphasized that the African Continental Free Trade Area (AfCFTA) is a key solution that helps Africa strike a balance between climate action and (...)
Egypt is expected to announce a new loan agreement with the International Monetary Fund (IMF) on Thursday, sources close to the matter told Daily News Egypt.
The sources did not disclose the exact loan amount, but it is expected to fall between (...)
Ethiopian air forces bombed the capital of Ethiopia's Tigray region on Friday. The region's local tv station said that the attack has hit kindergarten called Red Kids Paradise in the Tigrayan capital of Mekele.
The air strike comes amid a reports of (...)
The Ministries of International Cooperation, Environment, and Communications and Information Technology announced on Tuesday the launch of the global ClimaTech Run 2022 competition, which targets tech entrepreneurs and digital artists who share a (...)
Canadian Minister of International Development Harjit Sajjan conducted a visit to Egypt, where he met with several Egyptian ministers and officials to discuss ways to strengthen bilateral relations and other topics of common interest.
On the (...)
Egypt is preparing to receive new Qatari investments in the next few days.
Daily News Egypt has learned that Sheikh Tamim bin Hamad will visit Egypt in the upcoming weeks, when several agreements for Qatari investments worth $20bn will be (...)