US halts Egypt military aid over rights after huge arms sale

The Biden administration said Friday it is cancelling $130 million in military aid to Egypt over human rights concerns. The announcement comes just days after the administration approved a massive $2.5 billion arms sale to the country. The State Department said Friday that Egypt had not met the conditions to receive the $130 million in foreign military financing that …

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Egypt's garment exports rise by 41% to $2.49 bn in 2021 over 2020 The Egyptian apparel sector's exports rose by 41 per cent in 2021 to... Buyers Testimonial

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Croatia's Crosco gets deal to drill 12 gas wells in Egypt ...

Croatia's Crosco gets deal to drill 12 gas wells in Egypt, Iraq. ZAGREB (Croatia), August 2 (SeeNews) - Ukrainia's UkrGasVydobuvannya (UGV) has said it signed a 47 million euro ($55.6 million) contract with Croatia's Crosco for the drilling of 12 natural gas wells in Egypt and Iraq. UGV has signed two contracts with Crosco, each for the ...

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Egypt's textiles salvage plan reveals backing for state sector. The government has placed it at the center of an ambitious plan to rescue loss-making national firms in the once-thriving textiles sector. SA textile firm seeks big business opportunities in Egypt.

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Egypt, officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula. Egypt is a Mediterranean country bordered by the Gaza Strip and Israel to the northeast, the Gulf of Aqaba to the east, the Red Sea to the east and ...