Arab leaders at a summit in Egypt announced the formation of a unified military force to counter growing security threats from Yemen to Libya and as regional heavyweights Saudi Arabia and Iran engage in sectarian proxy wars.
Egypt needs $200-$300 billion to develop, President Abdel Fattah Al-Sisi said at an international investment conference on Sunday, pressing his campaign to lift the Arab world's most populous country from years of economic turmoil.
Gulf Arab allies pledged a further $12 billion of investments and central bank deposits for Egypt at an international summit on Friday, a big boost to President Abdel Fattah al-Sisi as he tries to reform the economy after years of political uphe
Egyptian President Abdel Fattah Al-Sisi has signed off on an anti-terrorism law that gives authorities more sweeping powers to ban groups on charges ranging from harming national unity to disrupting public order.
The move, announc
Islamic State released a video on Sunday that appeared to show the beheadings of 21 Egyptian Christians in Libya and President Abdel Fattah Al-Sisi warned that his country would respond to the deaths as it saw fit.
Speaking on nat
The Russian Direct Investment Fund (RDIF) will support the creation of an Egyptian investment fund as part of an agreement with the Egyptian Ministry of Investment to bolster cooperation between the two countries.
The agreement wa
Egyptian President Abdel Fattah Al-Sisi called the leaders of Gulf states to reassure them of strong Egyptian-Gulf ties after a leaked audio recording that purports to show him and senior aides being derisive of their rich Gulf donors.
Swiss food giant Nestle plans to invest about EGP1 billion ($137.93 million) in Egypt in the next few years and believes economic reforms could deliver results, its regional CEO said on Monday.
Political and economic instability t
Egypt aims to build solar and wind power plants in the next three years with combined capacity of 4,300 megawatts (MW), Egyptian President Abdel Fattah Al-Sisi told an energy conference in Abu Dhabi.
The plan is part of Egypt'
Kuwaiti investments in Egypt reached $2.8 billion, while commercial trade between the two countries increased 32 per cent in the first three quarters of 2014, a Wam report said.
The news agency quoted Head of the Trade Representat