Number of Dutch companies investing in Egypt reached 508 companies with capitals of $2.715 billion, providing a total of 4,615 job opportunities in sectors of petroleum, chemicals, transport, electronics, and food, stated Egyptian Minister of Investment Dalia Khurshid on Tuesday.
Egyptian Minister of International Cooperation Sahar Nasr and EU Commissioner for Neighborhood Policy and Enlargement Negotiations Johannes Hahn signed 6 cooperative agreements worth €129m, according to a statement from the Egyptian Ministry on Monday.
Egypt’s oil ministry has contracted “other foreign suppliers†to provide the country with its petroleum needs for October after it was informed that the Saudi Aramco company would be unable to send the agreed upon quantities, a ministry official said on Tuesday.
The Central Bank of Egypt (CBE) kept on Tuesday the local currency’s rate stable at EGP 8.78 against the US dollar in its weekly forex auction, though the pound has been weakened in the parallel market.
A Giza criminal court upheld a 5-year prison sentence and fines of EGP 100,000 each for seven people convicted in absentia of illegal protesting on 25 April against the Egyptian-Saudi maritime border demarcation agreement which transferred sovereignty over two Red Sea islands to Riyadh.
Cypriot President Nicos Anastasiades arrived in Cairo late Monday to take part in a tripartite summit with leaders from Greece and Egypt on mutual cooperation between the three countries, state news agency MENA reported.
Egypt's ministry of foreign affairs restated on Monday Egypt's total respect for Ethiopian sovereignty, and non-interference in the country's internal affairs, following allegations of Egyptian support for anti-government demonstrations by the Oromo ethnic group.
Egypt's President Abdel-Fattah El-Sisi praised on Monday the "courage" of Sudan's President Omar Al-Bashir as a statesman in taking decisive actions for the interests of Sudan.
Egypt's annual headline inflation dropped in September to register 14.6 percent, down from the 16.4 percent registered in August and up from a one-digit inflation rate of 9.4 percent in the same month last year, the state statistics body CAPMAS said in an emailed Monday statement.
Saudi Aramco informed the Egyptian General Petroleum Corporation, Egypt's state oil company, in early October that it would halt the supply of refined oil products to Egypt, a government official told Reuters on Monday.
Egypt's presidential spokesman denied on Monday the possibility of allowing foreign military bases in the North African country, putting an end to media reports that Russia is negotiating with Cairo to construct a military base near the Mediterranean, Ahram Arabic website reported.
Egypt has condemned a car bomb that ripped through a military outpost in southeast Turkey on Sunday, killing 17 people.
Egyptian President Abdel-Fattah El-Sisi said Cairo is keen to bolster strategic ties and mutual cooperation with Washington during a meeting with Republican senators in Sharm El-Sheikh.
Kuwaiti security forces have arrested an Egyptian citizen with connections to the Islamic State (IS) after an attempted attack on five US citizens, the Kuwaiti Interior Ministry said in a statement on Saturday.
Egypt’s Education Ministry signed a memorandum of understanding with the Japan International Cooperation Agency (JICA) on developing Egypt’s technical education, Youm7 reported on Sunday.
President Abdel Fattah El Sisi received Iraqi Parliament Speaker Salim al-Jubouri on Sunday on the sidelines of the celebrations marking the 150th anniversary of the commencement of the Egyptian parliamentary life currently held in Sharm al Sheikh, Youm7 reported.
President Abdel Fatah al Sisi will take part in the Sudan’s National Dialogue General Conference, scheduled to conclude on Monday in Khartoum, presidential spokesperson Alaa Youssef said in a statement on Sunday.
International Cooperation Minister Sahar Nasr met with Swiss Economy Minister Johann Schneider-Ammann on Sunday to discuss funding Egypt’s project to eliminate landmines laid throughout the country, Youm7 reported.
Egypt’s Ministry of Finance signed Saturday a consultancy services agreement with the International Finance Corporation (IFC) for the development of Abu Tartour Port in the Red Sea, Youm7 reported.
The Egyptian Exchange (EGX) closed Sunday’s trading session in the green zone backed by foreign and Arab investors buying activities, Youm7 reported.
The total number of tourists who arrived in Egypt during August registered 503,000, 47 percent of whom came from Arab countries, CAPMAS said in an e-mailed press release.
Mina M. Azer
The Coptic Christians are used to eat taro and reeds at the feast of Epiphany, which commemorates the baptizing of Jesus Christ in Jordan River.