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The Latest Breaking News from Egypt

Egypt's Pound Slides as IMF Deal Triggers New Exchange Rate

Egypt's pound slid about 14.5% to a record low against the dollar on Thursday as authorities announced a $3 billion International Monetary Fund deal with a commitment to a "durably flexible exchange rate regime". The central bank also raised interest rates by 200 basis points in an out-of-cycle meeting, saying…

Asharq Al-Awsat

Egypt, IMF reach preliminary agreement for $3 billion loan

The International Monetary Fund has reached a deal with the Egyptian government, paving the way for the country to access a $3 billion loan

The Independent UK

In COP27 host Egypt, Red Sea coral reefs resilient but under stress

Egypt hosts next month's COP27 climate summit at a Red Sea resort, where climate change and human activity are threatening one of the world's most prized coral reefs.

Reuters

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China urges rich world to shun 'empty slogans' ahead of climate talks

Rich countries must move on from "empty slogans" when it comes to climate change and make progress in meeting funding commitments, a Chinese official said on Thursday ahead of a new round of global climate talks in Egypt next month.

Reuters

Horrific abuse at hands of ISIS leader detailed by US family after brainwashing hundreds

The Kansas native moved to Egypt in 2008 before settling in Syria with her husband who was in a leadership position in the Islamic State

Daily Mirror

Egypt’s PM Announces $15 Increase in Minimum Monthly Wage

Egypt’s prime minister on Wednesday announced a 300-pound ($15.20) increase in the minimum monthly wage, as average Egyptians suffer from soaring prices in recent months. In a news conference, Prime Minister Mustafa Madbouly announced the increase to 3,000 Egyptian pounds (over $152), up from 2,700 pounds ($137). It was the…

Asharq Al-Awsat

Solving the energy challenge

As Thailand's delegation prepares to travel to COP27 in Sharm el-Sheikh, Egypt in early November, it is crucial that we reflect on, and learn from, the momentous world events that have disrupted commitments made at the last climate summit in Glasgow less than a year ago.

Bangkok Post

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Kerry: US not 'obstructing' talk of climate compensation

U.S. climate envoy John Kerry says the United States wants to find a solution to a growing controversy that threatens to overtake the upcoming U.N. global conference

The Independent UK

Glasgow urged to 'lead the way' on climate change at global COP27 next month

Council leader Susan Aitken will be representing Glasgow at the annual climate summit, which was hosted by Glasgow last year and this year will be held in Egypt.

Glasgow Live

Egypt, Qatar to Boost Cooperation Through Gas Exporting Countries Forum

Egypt and Qatar have agreed to bolster cooperation in the energy sector at the Gas Exporting Countries Forum (GECF) through continuous bilateral coordination. Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla held talks on Monday with Qatari Energy Minister Saad bin Sherida al-Kaabi. In a press statement, Molla said…

Asharq Al-Awsat

Egyptian Presidency Pardons Former MP Zyad Elelaimy

Egypt’s President Abdel Fattah el-Sisi issued on Monday a decree pardoning the Egyptian political activist and former lawmaker, Zyad Elelaimy. Sisi’s decision to release Elelaimy came in response to calls from political forces and the pardon committee. It also comes in line with the President’s call to activate the work…

Asharq Al-Awsat

Escape UK winter for luxury 28-day Egypt holiday that's £227 cheaper than staying at home, say easyJet

'While escaping abroad does not make all our financial commitments disappear, it is startling to know that like-for-like, it is cheaper to buy an all-inclusive holiday than stay in the UK this winter'

Wales Online

Egypt shuts down event spaces on first Monday of Cop27 in blow to NGOs

Groups say cancellations could restrict debate as host country tightens security for opening days

The Guardian - UK

Egypt COP27 climate summit activists concerned voices will be curtailed

The decision to hold next month's COP27 climate summit in a highly secured tourist resort in Egypt, along with restrictions on access, is curbing civil society's participation in the event, some prominent activists say.

Reuters

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Asharq Al-Awsat

Egypt Keeps Fuel Prices Unchanged until Year End

Egypt fixed gasoline prices on Saturday, for a period of 3 months until the end of this year, as a result of global economic conditions and their repercussions on the oil markets. The decision comes after three consecutive price increases, and the devaluation of the local currency against the dollar,…

Manchester Evening News

The gorgeous gardens with tiny caves where you can 'visit' China, Egypt and Italy just down the A34

The breathtaking Victorian gardens are just over an hour away from Manchester city centre

Asharq Al-Awsat

Egypt to Host 24th Meeting of Gas Exporting Countries Forum

Egypt will host the 24th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) on Sunday under the chairmanship of Minister of Petroleum and Mineral Resources Tarek El-Molla. El-Molla explained that the three-day meeting comes amid a global dialogue about energy security and just weeks ahead of the 2022 UN…

Asharq Al-Awsat

Egypt, S. Korea Agree to Cooperate on Climate Action

Egypt’s President Abdel Fattah al-Sisi received on Thursday a telephone call from his South Korean counterpart, Yoon Suk-yeol. The two leaders discussed the latest regional and international developments, and the bilateral cooperation between the countries at the economic and investment levels. They also exchanged views on regional and international issues…

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Bangkok Post

More tension or hope to come from COP27?

Some fear that this year's United Nations Climate Change Conference -- to be held in Egypt on Nov 6-18 -- will be an unintended casualty of the geopolitical tensions and economic challenges the world is facing. I believe the opposite: COP27 represents a unique and timely opportunity for the world…

Evening Standard

Family of British-Egyptian activist on hunger strike in prison camp outside Foreign Office

They are calling on the Foreign Office to help secure his freedom, saying he is ‘really frail and can barely stand’

Newsroom.co.nz

Political crackdowns on climate action precipitate 'green hushing'

Ahead of COP 27 in Egypt, companies are backsliding or keeping their emissions targets secret as they run scared of new conservative political and market pressures.

LiveScience

King Tutankhamun: Life, death and mummy of ancient Egypt's boy pharaoh

Tutankhamun, also known as King Tut, was an ancient Egyptian pharaoh whose lavish tomb became world-famous upon its discovery in 1922.

Al Jazeera

NGOs say Malta broke the law by directing asylum seekers to Egypt

International NGOs find that the Maltese government breached a part of the 1951 Geneva Convention.

The Independent UK

‘At death’s door’: Family of Briton on hunger strike in Egypt urges action ahead of Cop27

‘If the UK does not engage right now the Egyptians authorities will see it as a green light to let him die,’ says sister Alaa Abdel-Fattah

The New Daily

Australia’s reversal on recognising Jerusalem as Israeli capital is simply a return to status quo

Australia's Jerusalem stance will likely reinforce its reputation as a middle power seeking to navigate its way through Middle East politics.

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