Air Arabia Q1 profit slips as regional disruption bites
Air Arabia posted AED 278 million in Q1 2026 net profit as regional airspace disruption cut capacity, while revenue rose to AED 1.8 billion....
Tag : Egypt
ADNOC Gas posts resilient Q1 profit despite disruption
ADNOC Distribution reported record Q1 2026 profit and EBITDA growth as fuel volumes, retail sales and network expansion lifted results....
Egypt secures $1 billion World Bank reform support
Egypt gains new World Bank funding to boost private sector jobs, strengthen fiscal stability and support greener growth goals nationwide....
UAE Egypt talks focus on economy and regional security
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Egyptian President Abdel Fattah El-Sisi held talks in Abu Dhabi on Thursday, focusing on bilateral cooperation and regional developments, according to official statements. The meeting took place during President El-Sisi’s visit to the United Arab Emirates. Discussions addressed ways to enhance cooperation, particularly in economic and......
Egypt documents 10,000 years of rock art in South Sinai
CAIRO: Egypt’s Ministry of Tourism and Antiquities said it has documented a previously unknown rock art site in South Sinai featuring a natural sandstone rock shelter that preserves paintings, carvings and inscriptions spanning thousands of years. The ministry said the site, known as the Umm Irak Plateau, contains layered imagery that begins......
UAE and Egypt reaffirm ties as leaders meet in Abu Dhabi
ABU DHABI, Feb. 9, 2026: UAE President Sheikh Mohamed bin Zayed Al Nahyan received Egyptian President Abdel Fattah El-Sisi on Monday upon his arrival in Abu Dhabi, marking the start of a fraternal visit between the two countries, according to official information released in the UAE capital. President El-Sisi arrived at the Presidential Flight terminal......
IMF to cut surcharges for member countries starting November 1
The IMF has reduced member borrowing costs by 36%, cutting annual surcharges by $1.2 billion. Five countries, including Argentina and Egypt, will benefit from the new policy starting November 1....
New WEF platform aims to unlock capital for clean energy in emerging markets
The World Economic Forum launched a platform to boost clean energy investment with 100 solutions from 47 countries, aiming to unlock $1.7 trillion in finance for emerging markets....
Egypt partners with global energy companies in $1.8 billion offshore exploration initiative
Tarek El Molla, the Minister of Petroleum and Mineral Resources of Egypt, unveiled his country’s ambitious plan to invest $1.8 billion in offshore exploration for new gas wells in the Mediterranean Sea and the Nile Delta. Under this program, Egypt aims to collaborate with major international companies, including Eni, Chevron,......
UAE, Egypt, Jordan, and Bahrain sign $2 billion in industrial deals
During the third meeting of the Industrial Partnership for Sustainable Economic Development’s Higher Committee, companies from the UAE, Egypt, Jordan and Bahrain signed industrial agreements worth more than $2 billion. Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and UAE climate change special envoy, attended......