UAE
Egypt Air announced a temporary cessation of its flights between Cairo and Dubai and vice versa due to the bad weather conditions in the Emirate of Dubai in the United Arab Emirates (UAE).
The Egyptian Air Force (EAF) has continued conducting airdrops of tons of humanitarian aid, including food items and relief supplies, into isolated areas in the northern part of the Gaza Strip on March 24 and 25.
The airdrops targeted isolated and inaccessible areas in the northern Gaza Strip, with two planes delivering 24 tons of food and relief aid, the Command reported. With this 11th airdrop, the total aid dropped since the inception of Operation "Birds of Goodness" has reached 462 tons of food and relief aid.
The objective behind this initiative is to create a global financial hub and attract foreign investments, as stated by the sources.
UAE and Egypt have implemented the eighth drop of humanitarian and relief aid on the first day of the holy month of Ramadan, by aircraft of the UAE and Egyptian Air Forces into the northern Gaza Strip, according to the Joint Operations Command of the UAE Ministry of Defense, Monday.
The activities of the Camel Racing will begin Saturday in El-Alamein, with the participation of camel owners from all governorates of Egypt.
Prime Minister Mostafa Madbouly confirmed on Thursday that Egypt had received $5 billion as part of the initial installment of the investment partnership agreement with the United Arab Emirates aimed at developing Ras El Hikma.
Madbouly added that measures will be taken to convert $5 billion from the United Arab Emirates (UAE) deposit to Egyptian pounds (EGP)
The aid included large quantities of food, medicine, and urgent supplies that were airdropped onto various areas in the northern part of the Gaza Strip, he added.
President Abdel Fatah al-Sisi commented Wednesday on Ras Al Hikma deal with the UAE.
The report explained that the size of this investment is much larger than expected, and the timing of this liquidity entry is very close if the financing goes as planned.
The government expects the project to attract investments of up to $150 billion during its development, helping to provide millions of job opportunities and inject liquidity into the Egyptian economy.
the project represents the largest direct investment deal in the country's history, noting that it will bring $150 billion in investments to Egypt over the project's lifetime.
The deal involves $150 billion in investments during the project development period, including around $35 billion in direct investments for the Egyptian state within two months.
Egypt’s Prime Minster Mostafa Madbouli meet on Monday with UAE President Sheikh Mohamed bin Zayed Al Nahyan as they discussed the strong fraternal ties, cooperation, and joint initiatives between their nations.
Egyptian business tycoon Hisham Talaat Mostafa attended the meeting with the PM, which was held at Qasr Al Shati Palace in Abu Dhabi.
MGN will expand its presence in Egypt and offer a wide range of services, including data analysis, business intelligence, credit management, and various financial and banking solutions
UAE Vice President and Prime Minister Mohammed bin Rashid Al Maktoum conveyed the appreciation of UAE President Mohammed bin Zayed Al Nahyan for President Abdel Fattah El Sisi.
Egypt's Minister of Finance, Mohamed Maait, emphasized the significance of the agreement against the backdrop of global challenges, stressing the need for coordinated Arab efforts to address the negative impacts on supply and import chains
The terror attack occurred in the General Gordon military base in Mogadishu on Saturday.
Most Read
