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
Egyptian and Qatari intelligence officials met in Cairo to discuss a possible reconciliation as part of Saudi efforts to broker an end to the 18-month standoff over Doha's support of the Muslim Brotherhood, security sources said.
Egyptian President Abdel Fattah Al Sisi met a special envoy of the Emir of Qatar on Saturday, the latest step in a Saudi-brokered effort to repair relations, regional news agencies reported.
Ties between Cairo and Doha deteriorate
Egypt received 10 Apache helicopters from the US in the past week, security sources said on Saturday, a sign of easing tensions between the long-time allies confronting Islamist extremism across the region.
The United States origi
Egypt is considering expanding the jurisdiction of military courts and displacing thousands of residents to enlarge a military buffer zone near the border with the Gaza Strip following an attack on security forces in the area.
Egypt's GDP growth rate rose in the fourth quarter of fiscal 2013/14 to 3.7 per cent, up from 2.5 per cent, the government said, in the latest sign that confidence is returning to an economy battered by three years of political turmoil.
Islamic State, fighting to redraw the map of the Middle East, has been coaching Egypt's most dangerous militant group, complicating efforts to stabilize the biggest Arab nation.
Confirmation that Islamic Sate, currently the mo
Egypt's President said on Saturday a ceasefire plan proposed by his country offered the chance to end the Gaza conflict between Israel and Hamas, but warned that lost time further complicated matters.
"The Egyptian initia