In a statement the Pentagon said, the U.S. State Department has approved the potential sale of CH-47F Chinook helicopters and related equipment to Egypt for an estimated cost of $2.6 billion. Egypt had requested to purchase 23 CH-47F Chinook helicopters…. Read More ›
Egypt
Australia boosts weapon purchase from US
The U.S. State Department has approved the sale of mobile rocket launchers to Australia. The development comes at a time when Canberra is seeking to boost its military presence in the Indo-Pacific region, midst growing Chinese belligerence. In a statement… Read More ›
Egypt to host COP27 climate summit in November 2022
According to a senior Egyptian official, Cairo will position itself as an impartial arbiter while hosting this year’s COP27 climate summit. It will pushes nations to act on their climate pledges while promoting the interests of the developing world. In… Read More ›
Ukraine could lose agricultural exports worth $6 billon in 2021-2022
As per a senior industry official, Ukraine could potentially lose $6 billion in grain revenues following a blockade by the Russian navy preventing it from selling millions of tons of corn and wheat that it had earmarked for exports by… Read More ›
Biden Administration invites Taiwan to Summit of Democracy
In a significant development, the Biden Administration has invited Taiwan to its “Summit for Democracy” scheduled to take place next month. The summit, the first-of-its-kind gathering of democracies, marks a test of US President Joe Biden’s assertion that he would… Read More ›
Egypt’s hotel running at 100% capacity: Ministry of Tourism
In a statement, an official from Egypt’s Ministry of Tourism said, Cairo has officially allowed hotels to run at full capacity while observing strict protocols against the Wuhan Coronavirus. Egypt’s Assistant Minister Abdel Fattah al-Asi said, the decision to allow… Read More ›
Algeria closes airspace to Moroccan civil and military aircraft
In a statement, Algeria’s supreme security council said, it has decided to the country’s airspace to all Moroccan civil and military aircraft. The development comes less than a month after it cut diplomatic relations with the Kingdom. It went on… Read More ›
Chevron’s Middleastern pivot central to its energy strategy
In a significant development, U.S. oil giant Chevron Corp is staking its natural gas future on the Middle East, a typically volatile region where energy majors have long tread warily. Chevron’s CEO Michael Wirth’s Middle Eastern pivot underpins a bet that… Read More ›
World’s top executives want re-calibration of work-life: survey results
According to the results of a survey released on Monday, nearly eight out of ten corporate executives are re-evaluating their work-life balance after experiencing poor mental health during the Wuhan coronavirus pandemic. The survey which included many top executives from… Read More ›
Egypt’s non-oil private sector collapses midst coronavirus lockdown
On Tuesday, according to the results of a survey, business activity in Egypt’s non-oil private sector collapsed in April, following the total shutdown of the tourism industry, weakening demand as well as the imposition of lockdowns in its cities as… Read More ›