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Political implications of Egypt’s Economic Summit

Since President Abdel Fattah Al-Sisi took leadership of the country, Egypt has been developing its foreign policies, mostly driven by the restoration of international relations in order to boost its economy, which has been dire since the revolution that toppled Hosni Mubarak in 2011. As soon as he was inaugurated, Al-Sisi started a tour around …

Amira El-Fekki

Housing ministry signs 4 real estate, tourist projects worth $12.7bn

Egyptian Minister of Housing Mostafa Madbouly announced Sunday the signing of memoranda of understanding for four real estate and tourist projects with $12.7bn total, at the Economic Summit. Madbouly said that the ministry signed a memorandum of understanding (MoU) with Egyptian Mountain View and Saudi Sisban Holdings, to launch two real estate projects. The first …

Daily News Egypt

Khalifa Fund activates development loan agreement to Egypt

A loan agreement between the Khalifa Fund for Enterprise Development, the Egyptian Ministry of International Cooperation and Social Fund for Development has been reintroduced, according to Khalifa Fund Chairman Hussain Jasim Al-Nowais. The agreement worth $200m was initially proposed in November 2014, to invest in Egyptian micro-project developments, following all the legal procedures in both …

Daily News Egypt

1.5 million Algerian tourists to visit Egypt annually, starting 2015: Algerian PM

The number of Algerian tourists who will visit Egypt will be approximately 1.5 million, starting this year, Algerian Prime Minister Abdelmalek Al-Sallal has told Daily News Egypt. “We asked Prime Minister Mehleb to facilitate procedures of Algerian tourists’ arrival in Egypt during this year,” Al-Sallal said. On the sidelines of the Economic Summit’s second day …

Mohamed Ayyad