Egypt

CAIRO, March 30 (Xinhua) -- Egypt and Saudi Arabia concluded on Wednesday an agreement that the Saudi Public Investment Fund (PIF) will invest in the North ...

The move stems from the close historic ties between Egypt and Saudi Arabia and is based on the directives of the leaders of the two countries to strengthen cooperation, the Egyptian cabinet said in a statement. The fund will promote the trade between the two countries and contribute to expanding their investments in other countries at the regional and international levels, it added. CAIRO, March 30 (Xinhua) -- Egypt and Saudi Arabia concluded on Wednesday an agreement that the Saudi Public Investment Fund (PIF) will invest in the North African country.

The Egyptian and Saudi governments signed an agreement on Wednesday to support and encourage investments in Egypt by Saudi Arabia's sovereign wealth fund, ...

Egypt's economy is under fresh pressure amid an inflationary wave triggered by the pandemic and war in Ukraine. Wednesday 30/03/2022. Saudi King Salman bin ...

The war has in addition impacted the vital tourism sector, as most foreign visitors to Egypt’s Red Sea resorts have come from Russia and Ukraine. Egypt is the world’s largest importer of wheat, most of it also coming from Russia and Ukraine. Saudi Arabia on Wednesday announced a $5 billion aid package to cash-strapped Egypt, where the economy is under mounting pressure, in part because of the economic fallout from Russia’s war on Ukraine. The state-run Saudi Press Agency said the funds, deposited in Egypt’s Central Bank, are part of Saudi Arabia’s “tireless efforts” to support Egypt, the Arab World’s most populous country.

Today, WHO announced that Egypt's and Nigeria's medical products regulatory agencies had reached maturity level 3.

The designation of a regulatory authority as a WLA is intended to promote access and the supply of safe, effective and quality medical products. Apart from ensuring the quality, safety and efficacy of medical products, regulatory authorities that function well also perform critical functions such as faster authorization of products and safety monitoring after authorization. Regulatory authorities that reach maturity levels 3 and 4 will be eligible for inclusion among WHO-listed authorities, after additional evaluation of their performance.

Kingdom joins other Gulf states in assisting Cairo as prices for wheat, cooking oil and fuel soar following war in Ukraine.

And today Saudi Arabia has said it has deposited $5 billion at the Central Bank of Egypt “as part of historical solid bonds and close cooperation”. Cairo will ...

More financial assistance may well be on the way. London-based Capital Economics said on March 24: “Unless policymakers unveil offsetting fiscal austerity measures soon, the new relief package raises serious question marks over officials’ ability to meet their fiscal targets.” The Central Bank of Egypt earlier this month raised interest rates and devalued the pound.

Egypt have lodged a complaint against Senegal, alleging their team were subjected to racist banners in their World Cup qualifying exit.

In the shootout, the first four penalties were wasted before Ismaila Sarr put Senegal ahead and Bamba Dieng made it 2-1. Hosts Senegal opened the scoring on four minutes when opposing midfielder Hamdi Fathi netted an own goal after a poor clearance. Salah, who was heavily targeted by laser pointers during the shootout, missed his spot kick.

The Egyptian Football Association says the team was subjected to racism after offensive banners, and fans threw bottles.

Senegal isn’t used to that.” Those lasers were notably seen on Salah prior to him missing his penalty. The teams missed the first four penalties of the shootout. Egypt missed three of its four penalties. FIFA said in a statement to Sky News Sports that it was “currently in the process of analysing the official match reports of the FIFA World Cup qualifier match between Senegal and Egypt”. The association said it was submitting the complaint to the Confederation of African Football (CAF) and the Fédération Internationale de Football Association (FIFA).

The World Health Organization (WHO) on Wednesday issued maturity level 3 statuses to Egypt and Nigeria medicines regulators, joining Ghana and Tanzania as ...