Egypt signed an investment contract with the United Arab Emirates (UAE) Friday to develop the Ras El Hikma peninsula west of Alexandria. The deal will bring $150 billion into Egypt, including $35 billion in direct investment within the next 2 months. Speaking at the signing ceremony in Cairo, Egyptian Prime Minister Mostafa Madbouly said the agreement was the largest direct investment deal in Egypt’s history.
The project will build a new city on Egypt’s northern coast, over an area of 170 million square meters. It will include recreational, residential, industrial, and business zones, as well as a marina for tourist ships and an international airport.
Sudan's agriculture minister, Abubakr al-Bushra, dismissed claims of famine in the country, questioning UN-backed data that 755,000
A heatwave in Morocco has claimed at least 21 lives within 24 hours in the central city of Beni Mellal,
Morocco's Economy and Finance Minister, Nadia Fettah Alaoui, announced on Thursday that the country's economy is
A Russian warship equipped with advanced hypersonic missiles docked at Algeria's Port of Oran Friday for a "
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