Business & Economy Bound

Egypt to sell citizenship for money to compensate for bankrupt economyF

Egypt announced Wednesday it is offering citizenship to foreign investors willing to spend at least $250,000 in the country, as it struggles to fill its depleted coffers. According to state newspaper Al-Ahram, a decision by Prime Minister Mostafa Madbouli published in...
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Egypt arrests 29 over alleged online crypto scamF

Egyptian authorities have detained 29 people, including 13 foreigners, accused of running an online cryptocurrency scam that defrauded thousands of investors, state media reported Sunday. The network pocketed about $620,000 at the expense of its victims in the country...
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Egypt to build high-speed rail linkF

French company NGE announced Thursday it had been awarded a contract to build Egypt's first high-speed rail link, a 330 kilometre section connecting the Mediterranean and Red Sea coasts. The link will form the first section of a 660 kilometre (410 mile) line that will...
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Aviation: Post-Covid Africa remains lackluster market for Boeing and Airbus ($)F

Over the past three years, African airline carriers have been dormant on the procurement front. The Covid pandemic and poor financials have been major stumbling blocks to the growth of the sector across the African continent. But the post-covid era has not stimulate...
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