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The Latest Breaking News from Egypt

Egypt's Pound Weakens to New Low of 30/USD

Egypt's pound weakened on Wednesday to a new low of 30 against the US dollar after fluctuating in morning trading, Refinitiv data showed. Egypt committed to a flexible currency, a greater role for the private sector and a range of monetary and fiscal reforms when it agreed to a $3…

Asharq Al-Awsat

US State Department to Revive Palestinian-Israeli Talks

Israel and the countries that signed the Abraham Accords discussed enhancing cooperation in areas, such as security and information sharing, during the Negev Forum Working Group meetings in Abu Dhabi, according to a US official. The Negev Forum Working Groups Meeting began in the presence of about 150 representatives of…

Asharq Al-Awsat

Egypt Stops Bid to Steal 10-ton Ancient Statue

Egyptian authorities said Tuesday they had detained three people for trying to steal a millennia-old 10-ton statue of the pharaoh Ramses II with a crane. The public prosecutor's office said in a statement it had "ordered three defendants be held in custody for four days pending investigations", accusing them "of…

Asharq Al-Awsat

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Couple who swapped UK for Egypt to avoid cost of living say they’ve made a profit

Exclusive: ‘The weather’s fabulous. And it’s cheaper than staying at home’; holidaymakers who snapped up a ‘loss-leader’ from easyJet Holidays tell Simon Calder they are making a profit by spending January in Egypt

The Independent UK

Can a month-long package holiday in the sun work out cheaper than staying at home?

The Independent UK

Sisi: We Did Not Waste Egypt's Money, ‘Current Crisis’ Has Global Causes

Egypt’s president admitted that his country was going through an economic crisis and called upon citizens to face challenges ahead.

Asharq Al-Awsat

Egypt to Benefit from Mining in the Golden Triangle

Egyptian Minister of Petroleum Tarek El-Molla has said that the development of the Golden Triangle region requires the participation of all sectors to attract foreign and domestic investments. The Golden Triangle project is one of the major mining projects intended to be established between Qena, Safaga, and al-Qusayr.

Asharq Al-Awsat

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Egypt gets Brexit boost from British sunseekers

Exclusive: ‘Normally we would have been in Spain from January to March – we’re putting our property on the market,’ says British holidaymaker

The Independent UK

Egypt's inflation surges on amid currency's dramatic slide

Egypt's statistics bureau says the nation is continuing to battle surging inflation amid a dramatic slide of its currency as many Egyptians struggle with price hikes

The Independent UK

Egypt's December Inflation Accelerates to Annual 21.3%

Egyptian annual urban consumer inflation in December rose to 21.3% from 18.7% in November, exceeding analyst expectations, data from the statistics agency CAPMAS showed on Tuesday. The inflation figure was the highest since December 2017, when it hit 21.9%. The price rises followed a currency devaluation in October and restrictions…

Asharq Al-Awsat

Egypt Revives School Theater with Yousra, Carole Samaha

As part of the school theater revival initiative launched by the Egyptian education ministry to resume cultural, artistic, and sports activities in schools in order to discover and sponsor talents, the first theater show dubbed “You Can” was inaugurated on Saturday, at the Cairo Opera House. The show saw the…

Asharq Al-Awsat

Cargo ship goes aground, is refloated in Egypt's Suez Canal

The Suez Canal Authority says a cargo ship that went aground in the Egyptian waterway has been refloated

The Independent UK

Officials say a grounded ship has been refloated in Egypt's Suez Canal

Officials said a cargo ship carrying corn that went aground early Monday in the Suez Canal was refloated and traffic was restored, avoiding a scene from 2021 that blocked traffic for six days.

WEKU

Quarrel between Kuwaiti Students Sparks Controversy in Egypt

Kuwait’s Foreign Ministry on Sunday voiced dismay and rejection of an assault by Egyptian policemen on several Kuwaiti students in Egypt’s northern city of Alexandria. On Saturday, a quarrel had erupted between the students at a shopping mall in Alexandria. The Kuwaiti embassy in Cairo released a statement on Saturday…

Asharq Al-Awsat

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Wales Online

Ship filled with grain has run aground in the Suez Canal

The canal was blocked for almost a week last year when a ship ran aground in Egypt, disrupting supplies to UK retailers

Bangkok Post

Is green hydrogen the future of fuel?

Green hydrogen is all the rage these days. During November's UN Climate Change Conference (COP27) in Egypt, German Chancellor Olaf Scholz announced that Germany will invest more than €4 billion (144 billion baht) in developing a market for it.

Al Jazeera

Middle East round-up: Ben-Gvir enters Al-Aqsa

Here’s a round-up of Al Jazeera’s Middle East coverage this week.

Asharq Al-Awsat

Libya’s Presidential Council Joins Unity Gov't in Rejecting Egypt’s Demarcation of Maritime Borders

Libya’s Presidential Council, headed by Mohammed al-Menfi, has joined the interim unity government in rejecting Egypt’s demarcation of the maritime borders. Abdullah al-Lafi, member of the Presidential Council, noted that the border demarcation was not “a matter of unilateral action, as it is regulated by stable rules in international law,…

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Asharq Al-Awsat

Cairo Adopts Balanced Approach to Iran’s Signs of Rapprochement

Well-informed Egyptian sources emphasized Egypt’s adherence to balancing its national interests with its commitments to Gulf security, following Iranian diplomatic statements about Tehran’s rapprochement efforts with Cairo. The sources told Asharq Al-Awsat that Egypt was committed to balance its vision of regional relations and national interests with its core adherence…

Asharq Al-Awsat

Egypt to Establish Industrial City with Investments Worth EGP20 Million

Egyptian Prime Minister Mustafa Madbouly on Tuesday said that the government had received a request from Elsewedy Electric to establish a new industrial zone in the New October City. He added that the government consented to the project and welcomed the private sector’s plans to accelerate the development process in…

Asharq Al-Awsat

Saudi Arabia Expands Commercial Navigation by Connecting with 11 Global Ports

The Saudi Ports Authority (Mawani) announced on Monday a new service that will connect Jubail Port with 11 global ports in Türkiye, the Indian Subcontinent, Africa, and the Middle East. To be operated by the Mediterranean Shipping Co., the new service will connect Jubail Port with 11 global ports via…

Asharq Al-Awsat

Year 2022 Saw Erosion of Middle East National Currencies

The year 2022 witnessed an unprecedented decline in the exchange rates of a number of national currencies in some Middle Eastern countries, most notably Egypt, Türkiye, Sudan and Iraq. The value of some of the region’s currencies fell against the US dollar, while others saw very sharp deteriorations, as is…

Los Angeles Times

Commentary: Climate change efforts won’t work if they exclude people with disabilities

At the recent United Nations climate negotiations in Egypt, disability activists urged governments to include people with disabilities in their plans to address climate change. In response, the member states adopted an “overarching decision” and a climate action plan that reference the disability community. But those steps still fall short…

Al Jazeera

Egypt repatriates looted ancient Green Coffin sarcophagus from US

The sarcophagus, returned at a ceremony, dates back to the Late Dynastic Period of ancient Egypt, officials say.

The Independent UK

Looted ancient sarcophagus returned to Egypt from US

Egyptian officials say an ancient wooden sarcophagus that was featured at the Houston Museum of Natural Sciences has been returned to Egypt after U.S. authorities determined it was looted years ago

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