BRUSSELS (Reuters) - The European Union offered Egypt economic aid of up to 700 million euros (560 million pounds) on Thursday, showing how European governments are trying to build ties with the Islamist rulers brought to power in Egypt's first free elections. The pledge came as Egyptian President Mohamed Mursi made his first trip to Europe since his election in June, hoping to reassure the EU of his democratic credentials and win economic aid as he looks to revive the broken economy. He rose Read more [...]

By Correspondent Tanzania and Kenya on Tuesday resolved to promote existing bilateral ties as President Jakaya Kikwete begun a three-day visit to Nairobi. In a communiqué issued after a meeting between Kikwete and his host, Mwai Kibaki, the two leaders also hailed the growing investment relations between the two neighbours and observed that the two countries are socially and economically interdependent. Both Kibaki and Kikwete agreed to explore ways of enhancing shared prosperity in the Read more [...]

Cairo - A 50-member Saudi business delegation led by Commerce and Industry Minister Tawfiq Al-Rabiah will meet Egyptian President Muhammad Mursi to discuss $ 3 billion Saudi-Egypt Causeway project and remove obstacles facing $ 27 billion Saudi investment in Egypt, a press report said yesterday. “Our delegation will ask for the president’s personal intervention to remove the obstacles facing Saudi investors,” said Abdullah Dahlan, president of Saudi-Egyptian Business Council and a board Read more [...]

Addis Ababa - "Shaping Africa's Transformation" is the theme of the World Economic Forum on Africa, being held this week in the Ethiopian capital, Addis Ababa. Some 700 leaders from all walks of life are attending this African edition of forum. The big names include Kofi Annan, the only sub-Saharan African to hold the post of U.N. secretary-general, and the leaders of South Africa, Rwanda, Nigeria, Tanzania, Gambia, Gabon, and host Ethiopia. The economic forum's Africa director, Elsie Read more [...]