Iconic Midwestern pizza brand to open first restaurants in Cairo come July as part of 25-unit franchise agreement Cairo (-) Last year, Happy Joe’s Pizza & Ice Cream announced its…
By Humeyra Pamuk WASHINGTON (Reuters) – Egypt has missed out on an additional $75 million in American military aid after a senior Democratic U.S. senator blocked the funding over concerns…
(Reuters) -Egypt has finalised a staff-level agreement with the international monetary fund (IMF) on the components of its programme, and will issue an announcement “very soon,” the country’s finance minister…
By Andrea Shalal WASHINGTON (Reuters) -International Monetary Fund chief Kristalina Georgieva said she would meet on Saturday with delegations from Egypt and Tunisia and was confident the global lender would…
By Andrea Shalal and Omar Fahmy WASHINGTON (Reuters) -International Monetary Fund officials have resolved all “big policy issues” with Egyptian authorities in their discussions on a new lending program, and…
By Patrick Werr CAIRO (Reuters) – Egypt is pushing to tie up a crucial financial package from the International Monetary Fund at annual meetings in Washington this week, hoping to…
Iconic Midwestern pizza brand opens first restaurant in Cairo as part of 10-country, 25-unit master franchise agreement Cairo (PRESS RELEASE) In less than a year, and what came with exhilarating…
CAIRO (Reuters) -The World Bank has agreed to provide Egypt with $400 million to develop the logistics and transportation sectors and support the shift towards lower carbon emissions, the group…
LONDON (Reuters) – Britain’s King Charles will not attend a world leaders’ climate change summit in Egypt next month, a royal source said on Sunday, as the new monarch steps…
CAIRO (Reuters) – The Central Bank of Egypt (CBE), bucking analyst expectations, left its overnight interest rates unchanged on Thursday, saying it believed inflation was under control over the medium…
By Aidan Lewis CAIRO (Reuters) – The European Bank for Reconstruction and Development (EBRD) will help finance the decommissioning of 5GW of inefficient gas-fired power plants in Egypt from 2023…
(Reuters) -Egypt’s central bank kept its overnight interest rates unchanged on Thursday, saying that for the next six months it would tolerate elevated inflation, caused mainly by the Ukrainian conflict,…
CAIRO – Non-oil private sector activity in Egypt contracted for an 18th month in May as the Ukraine crisis, import restrictions and a devalued currency put pressure on prices, a…
(Reuters) -Abu Dhabi state holding firm ADQ will allocate $10 billion in investment for projects with Egypt and Jordan, the United Arab Emirates’ state news agency WAM reported on Sunday,…
BERLIN – Egypt has signed a contract with industrial manufacturing company Siemens’ rail and traffic unit and its consortium partners to build about 2,000 kilometres of high-speed railways, the German…
CAIRO – Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current fiscal year, finance minister Mohamed Maait said on Saturday. Tourism revenues…
(Reuters) – Egypt expects to reach a new programme with the International Monetary Fund “within months”, Prime Minister Mostafa Madbouly said on Sunday in a televised news conference. In March,…
CAIRO – Honeywell International seeks to invest about $200 million in petrochemicals and the production of green fuels for aircraft in Egypt, the Ministry of Petroleum has quoted Honeywell’s country…
By Patrick Werr CAIRO – Gulf Arab states are channelling up to $22 billion to Egypt to help it overcome a currency crisis, the third such rescue in a decade,…
NEW EGYPT, NJ – A New Egypt man, Richard Knight, 40 is heading to prison for five years after pleading guilty to charges lodged against him by the Ocean County…
By Patrick Werr CAIRO – Egypt’s two biggest state banks have sold 303 billion Egyptian pounds ($16.57 billion) in special certificates of deposit (CDs) they introduced last week at a…
CAIRO -Egypt has asked for the International Monetary Fund’s support to implement a comprehensive economic programme, the IMF said on Wednesday. Continued exchange rate flexibility would be essential to absorb…
WASHINGTON – The top U.S. general for forces in the Middle East said on Tuesday that he believed the United States would provide Egypt with F-15 aircraft. “I think we…
CAIRO – Apache aims to raise its oil and gas output in Egypt by 10% to 15% within five years, CEO and President John Christmann told Sky News Arabia on…