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Egypt maintains positive outlook despite $8 billion outflow linked to Middle East tensions: Moody’s

Egypt maintains positive outlook despite $8 billion outflow linked to Middle East tensions: Moody’s

Moody’s Ratings affirmed on Friday Egypt’s long-term foreign and local currency issuer ratings at Caa1, maintaining a Positive Outlook. The…
Director Peter Jackson announces new ‘Lord of the Rings’ sequel

Director Peter Jackson announces new ‘Lord of the Rings’ sequel

Fourteen years after the conclusion of The Hobbit trilogy, director Peter Jackson has officially announced his return to J.R.R. Tolkien’s…
US consumers pay the price for Trump’s Hormuz strategy

US consumers pay the price for Trump’s Hormuz strategy

Despite President Donald Trump’s insistence that the Strait of Hormuz blockade does not affect the United States, a new report…
First Egyptian citizen dies following missile debris strike in Abu Dhabi

First Egyptian citizen dies following missile debris strike in Abu Dhabi

UAE authorities confirmed on Friday that an Egyptian national has died following an incident at the Habshan gas facilities, caused…
Iran downs second US fighter jet in single day

Iran downs second US fighter jet in single day

The New York Times, citing US officials, reports that a second US Air Force fighter jet crashed in the Arabian…
Is the ‘Blood Storm’ hitting Egypt? expert explains

Is the ‘Blood Storm’ hitting Egypt? expert explains

Over the past several hours, social media platforms have seen a surge in circulated imagery depicting a severe meteorological phenomenon…
Egypt signs lifeline million-barrel Libyan oil deal to defy Hormuz blockade

Egypt signs lifeline million-barrel Libyan oil deal to defy Hormuz blockade

Egypt is planning to import at least one million barrels of Libyan crude oil per month, Bloomberg reported. This strategic…
Wizz Air set for 300% growth in Egypt with 4-million-passenger expansion

Wizz Air set for 300% growth in Egypt with 4-million-passenger expansion

Wizz Air Holdings is accelerating its expansion within the Egyptian market as part of a strategic roadmap to increase its…
Central Bank of Egypt maintains current interest rates

Central Bank of Egypt maintains current interest rates

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided in its meeting on Thursday, to keep…
Saudi Arabia to launch world-class airport in Makkah

Saudi Arabia to launch world-class airport in Makkah

The Royal Commission for Makkah City and the Holy Sites (RCMC) has reached a pivotal milestone in its regional development…
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