Paraguay's Finance Ministry sought to deepen the Free Trade Agreement (FTA) between Mercosur and Egypt Wednesday when the II Meeting of the accord's Joint Committee convened.
Egyptian authorities and Japan's Shoei Kisen Kaisha finally reached an agreement on compensations for Suez canal lost revenues and the cost of salvaging a huge vessel that blocked the crucial waterway linking Asia with Europe.
Egypt's Suez Canal Authority (SCA) will seek over ask for more than 1 billion dollars in compensation for the losses caused by mega-ship Ever Given blocking traffic in either direction after running aground sideways.
Rescue efforts to unlock the Panama-flagged mega-ship Ever Given from the Suez Canal finally proved successful early Monday, Egyptian authorities confirmed. But it was too soon to know when traffic through the vital waterway might resume.
An Egyptian-American team of archaeologists has uncovered a 5,000-year-old brewery capable of producing some 22,400 liters of beer at a time, the Egyptian Tourism Ministry has announced.
Egypt has become one of the main suppliers of garlic to Brazil, with data this year showing that in the first eight months the product sales have already exceeded US$ 5 million, according to SECEX, Brazil's foreign trade secretariat.
Brazilian agriculture continues to penetrate the international market further. The month of March was marked by the opening of new markets for Brazilian products and the expansion of sales in other locations. Egypt, for example, has enabled 42 Brazilian establishments to supply meat – 27 for poultry and 15 for beef – in addition to the renewal of licenses for 95 companies – 82 for beef and 13 for poultry.
Oil and gas exploration firm Rockhopper Exploration, with interests in the Falklands and preparing to advance with the Sea Lion project, has agreed to sell its assets in Egypt to United Oil & Gas in a US$ 16m deal. The sale of Rockhopper Egypt includes a non-operated 22% interest in the Abu Sennan concession onshore Egypt and the existing assets of the business.
A 3,000-year-old quartzite head of Egyptian “Boy King” Tutankhamun was auctioned off for US$6 million Thursday in London despite a fierce outcry from Cairo. Christie's auction house sold the 28.5-centimetre relic for £4,746,250 (US$5,970,000) at one of its most controversial auctions in years.
Turkish President Recep Tayyip Erdogan on Monday blamed Egypt's tyrants for the death of former Egyptian president Mohammed Morsi who died in a Cairo hospital after fainting during a court session.