Africa

Central Bank of Egypt reports $2.2 billion increase in gold reserves for 2024

This surge brings the total value to $10.644 billion by December 2024, a rise from $8.440 billion recorded in December 2023

Joseph Aoun: Regional, global support for Lebanon’s newly elected president 

Pivotal figures like UAE President and Saudi’s King Salman offered best wishes for Aoun's leadership and Lebanon's stability

Ten startups selected for second edition of MIT DesignX Dubai Accelerator

The program features a comprehensive curriculum crafted by MIT, which has proven successful in its first cohort

flynas expands Africa network, celebrates first direct flight between Jeddah and Djibouti

Airline started operating three weekly flights between Jeddah and Djibouti, further expanding travel options to and from Africa

Egypt’s tourism surges with 15.7 million visitors and plans for 40,000 new hotel rooms

Egypt's tourism revenue rose 5 percent to $6.6 billion in H1 2024, up from $6.3 billion in 2023

Egypt targets 5-6 percent GDP contribution from mining sector

The minister announced plans to launch a Mineral Resources Portal and offer mining areas for investment in 2025 

Egypt’s net foreign reserves surge to $47.109 billion in December 2024

At the close of August 2024, Egypt's net international reserves reached $46.597 billion

BRICS bloc officially welcomes Indonesia as new member

Indonesia joining BRICS enhances collaboration with developing nations based on equality and sustainable development

Air Arabia launches three weekly non-stop flights to Ethiopia

Air Arabia will fly to and from Ethiopia's capital every Tuesday, Thursday and Saturday

Egypt receives first $1.03 billion EU funding installment

Discussions are currently in progress to approve a second tranche of $4.14 billion

Egypt approves $131 million agreement with AfDB for private sector development

This approval follows a EUR1 billion EU support initiative endorsement