The final value of the deal to acquire 76 percent of the Arab Investment Bank (aiBANK) by the Egyptian Financial Group Hermes Holding (EFG Hermes)and the Sovereign Fund of Egypt (TSFE) has not been determined yet, according to EFG Hermes. This came in...اقرأ المزيد
Transport Minister Kamel el Wazir on Monday discussed with US Ambassador in Cairo Jonathan Cohen ways of boosting bilateral cooperation as far as the Cairo Metro is concerned. The meeting attended by representatives from US Bechtel corporation. Wazir...اقرأ المزيد
The House of Representatives Approved Sunday toughening the penalties imposed on medics who carry out Female Genital Mutilation (FGM). According to the amendments, committing the crime incurs five years of prison, and not less than seven years, if a permanent...اقرأ المزيد
Egyptian authorities announced on Monday officially restoring navigation at the Suez Canal after they managed to release the mammoth Ever Given ship that has been stuck in the vital waterway for six days. There are hundreds of vessels awaiting entry thus...اقرأ المزيد
The Suez Canal’s service provider Leth Agencies said 43 vessels had resumed their trips from the Great Bitter Lake southwards towards the Red Sea, after the Panamian Ever Given ship that had blocked the canal for nearly a week was refloated. Egyptian...اقرأ المزيد
President Abdel Fattah El Sisi has directed the application of all measures to achieve a balance between the comprehensive upgrading plan of the railway system and the operation of trains nationwide. He particularly stressed the importance of promoting...اقرأ المزيد
Prime Minister Mostafa Madbouly has said measures have been taken to compensate the victims of the Sohag train collision and their families, as well as precautions to avoid such accidents. In a Saturday press conference, Madbouly and several ministers...اقرأ المزيد
Egypt’s Health Ministry announced launching the second stage of the nationwide polio vaccination campaign starting Sunday for Egyptians and non-Egyptian children residing in the country. The campaign targets vaccinating 16.7 million children under five...اقرأ المزيد
Minister of Transport Kamel al-Wazir apologized on Saturday for the Sohag train collision, promising to upgrade the railways in a high-tech system so human error may be avoided. “I offer my sincere condolences for the victims and wish the injured a...اقرأ المزيد
World leaders expressed their sincere condolences to Egypt after a collision of two trains in Upper Egypt’s governorate of Sohag that left 32 dead and 108 injured on Friday. Russian President Vladimir Putin on Saturday extended his heartfelt condolences...اقرأ المزيد