Egypt and Saudi Arabia signed an agreement late on Saturday to set up a SR60 billion ($16 billion) investment fund among other investment agreements including an economic free-zone to develop Egypt's Sinai region, Egyptian state television r
Egypt's tourism revenue has declined by roughly $1.3 billion since a Russian plane crash in the Sinai last year, Prime Minister Sherif Ismail said in a televised interview on Monday.
Egypt's president said last week that a
Egypt's interior ministry denied on Saturday making any arrests in connection with the crash of a Russian passenger plane in Sinai last October that killed all 224 people on board.
Sources familiar with the matter had told Reu
Egypt has hired global consultancy Control Risks to review security at its airports following the crash of a plane carrying Russian holidaymakers over the Sinai Peninsula, killing all on board and hurting the country's tourism industry.
The crash of a Russian plane in Egypt's Sinai that many blame on an Islamist militant bomb has scared tourists away from the peninsula. But a small aid organisation is hoping to show a peaceful side of the expanse.
Sinai is Sa
The Kremlin said for the first time on Tuesday that a bomb brought down a Russian passenger plane that crashed over Egypt's Sinai Peninsula, killing 224 people, but Cairo said its probe had yet to find any evidence of criminal action.
Russian communications intercepted by US intelligence agencies showed Russia believed the plane that crashed in Sinai, Egypt, on October 31 was brought down by a bomb, US sources familiar with the matter said on Monday.
Russia has returned 11,000 Russian tourists from Egypt in the last 24 hours, RIA news agency reported on Sunday, citing Deputy Prime Minister Arkady Dvorkovich.
More people are expected to be brought back on Sunday, he was quoted
The Russian airline whose jet crashed in Egypt killing everyone on board said on Monday the crash could not have been caused by a technical fault or human error.
The crash, in Egypt's Sinai Peninsula on Saturday, could only ha
Carriers from United Arab Emirates, Qatar, Bahrain and Kuwait said on Sunday they were re-routing flights to avoid Egypt's Sinai Peninsula, where a Russian aircraft carrying 224 passengers crashed on Saturday.
The airlines exp