Monthly Archives: August 2024

Zimbabwe police arrest 18 political activists

Muhamad Yehia HARARE, Zimbabwe (AP) — Zimbabwe police have arrested 18 political activists and hauled some of them off a plane, their lawyers said Thursday, in the latest clampdown by the government after warning it would crush opposition protests ahead of its hosting of a meeting of the southern African heads of state this …

Read More »

Gulf investors show renewed appetite

Muhamad yehia Venture capital companies are reporting renewed interest in Egyptian startups after a difficult few years for the country’s tech entrepreneurs. Emirati and Saudi investors are leading the return, say VC experts, after record-high inflation and a prolonged foreign exchange crisis dented deal-making. Since the Egyptian authorities floated the …

Read More »

Saudi convert $10bn Egypt deposit to investment

Muhamad yehia Saudi Arabia is planning to convert its $10 billion deposit with the Central Bank of Egypt (CBE) into an investment. The Saudi investment minister Khalid al-Falih announced the news during a meeting with Egyptian prime minister Mostafa Madbouly on Thursday. It follows a $35 billion agreement by the …

Read More »

Egypt receives second tranche of UAE

Muhamad Yehia Egyptian authorities have received the second tranche of a $35 billion investment from the UAE, local media reported on Tuesday. The payment secures the right of Abu Dhabi sovereign wealth fund ADQ to develop the land of Ras El Hekma on Egypt’s north coast. The $20 billion tranche consists of …

Read More »

Iran and Hamas Blame Israel for Killing Hanyia

Muhamad Yehia JERUSALEM — The predawn killing of a top Hamas leader in Tehran, Iran, on Wednesday left the entire Middle East on edge, bringing vows of revenge from Iran’s leaders and threatening to derail fragile negotiations for a cease-fire in the Gaza Strip. The Hamas leader, Ismail Haniyeh, 62, …

Read More »

Guinea court sentences former junta leader to 20 years

Muhamad Yehia CONAKRY, Guinea (AP) — A Guinea court on Wednesday sentenced former junta leader Moussa “Dadis” Camara to 20 years in prison after finding him guilty of crimes against humanity in the 2009 stadium massacre by the military that killed at least 157 people and left dozens of women raped. Guinea’s …

Read More »