One of Egypt’s biggest banking and investment firms has recorded that its net profit after tax and minority interest rose 39 per cent year-on-year
Egypt’s commitment to exchange rate liberalisation combined with budgetary consolidation targets are crucial for boosting international confidence
The devaluation was part of an $8bn financial support agreement that Egypt last week signed with the International Monetary Fund
Moody’s on Thursday affirmed its CAA1 rating but changed its outlook on Egypt to positive citing significant official and bilateral support
As many as 60 per cent of Egypt’s 106 million citizens are estimated to be below or close to the poverty line
The Red Sea tensions have spurred cargo delivery disruptions and soaked up excess vessel capacity, raising global shipping costs
The announcement was made during the International Monetary and Financial Committee Meeting, organised on the sidelines of the WBG-IMF Annual Meetings In Morocco
It was the fourth consecutive month of record highs recorded on the central bank website
Morocco will become only the second African country to host the World Cup after South Africa hosted it in 2010
This is one of the deadliest natural disasters in Libya’s recent history
The storm which has brought catastrophic flooding to Libya is on track to be one of the deadliest on record in North Africa
The September 8 earthquake is the deadliest to hit Morocco in more than 60 years
The death toll has risen to over a 1000 people almost 24 hours since a deadly earthquake struck Morocco
The earthquake on Friday night was centered in the country’s High Atlas mountain range
Africa50 and Masdar will also explore opportunities to collaborate on the implementation of the Alliance for Green Infrastructure in Africa
Rice contributes as much as 60 per cent of total calorie intake for people in parts of Southeast Asia and Africa
The Atlas Lionesses hope to make history as they seek to beat France and reach the quarter-finals
The partnership offers customers additional travel options within the US and increased flying opportunities within Africa
The UAE has become a catalyst for economic progress in Africa
Ons Jabeur is hoping to make history not just for herself as she fights to win her first ever Grand Slam but for the Arab world as well as Africa
The partnership increases Emirates’ footprint to 148 African points
The wind farm will help Egypt meet its strategic objective of sourcing 42 per cent of its energy from renewables by 2030
Global warming will create hot areas which will witness heat-related deaths, lower crop yields, spread of infectious diseases and more negative impacts
The expo aims to support Africa’s COP27 climate commitments and align with the Africa Power Vision by bringing together key energy stakeholders
The A321neo brings 20 per cent reduction in fuel consumption and emissions per seat
Construction will be done in phases, starting with the installation of 500 megawatts
Marburg is a highly infectious viral hemorrhagic fever in the same family as the more well-known Ebola virus disease
The platform, to be known as CYNK, will use the Hedera Hashgraph public decentralised ledger to track emission reductions
The group’s revenues crossed the EGP6 billion mark for the first time
The local service providers will have a location within the country where they can store business-critical data for their clients