The Latest Breaking News from Egypt

Egypt's cabinet has approved a plan to ration electricity to save natural gas that it will instead divert to the export market to generate foreign currency, it said on Thursday. Egypt has suffered from an acute foreign currency shortage since Russia's February invasion of Ukraine, which pushed up global commodity…

The first grain ship to depart from Ukraine under a U.N.-brokered deal docked in Turkey on Thursday after 11 days at sea, Refinitiv data showed, and the ship's agent in Turkey said it would continue to Egypt after unloading part of its cargo.

The US welcomed the resumption of direct flights between Tripoli and Cairo, which followed similar agreements with other regional capitals. “The United States welcomes the resumption of direct passenger flights between Tripoli and Egypt following similar agreements with other regional capitals,” the US embassy in Libya tweeted. “We encourage and…

Khalifa Said H. Eldeihy worked on residual food items such as soybean cooking oil waste and leaves of radish and sweet potato

The Saudi Egyptian Investment Company (SEIC), owned by Saudi Arabia's state-owned Public Investment Fund (PIF), has bought minority stakes in four Egyptian companies for $1.3 billion, Egypt's planning ministry said on Wednesday. The companies are Abu Qir Fertizilers and Chemical Industries, Misr Fertilizers Production Company, Alexandria Container and Cargo Handling,…

Strong job market and a slight decline in July inflation reading have raised investor optimism in the market. However, inflation still remains elevated, and the positive economic data might encourage the Fed to consider aggressive rate hikes. Since these factors are expected to keep the market volatile, it could be…

Egypt's annual urban consumer inflation accelerated to 13.6% year-on-year in July from 13.2% in June, data from the country's statistics agency CAPMAS showed on Wednesday. Month on month, headline inflation increased by 1.3%, compared to a 0.1% decrease in June. Among the biggest annual price increases were food and beverages…

Egypt is seeking to increase its hard currency revenues, as a result of the rise in interest rates on the dollar. Egypt’s financing needs are increasing despite record revenues achieved from the Suez Canal Authority, which reached USD 7 billion in the last fiscal year, remittances from Egyptians abroad that…

A Spanish researcher suggested that ancient Egyptians chewed narcotic plants after spotting sexual dimorphism in ancient Egyptian skulls unearthed at the Montuemhat necropolis (TT34), in the Assasif region, in Luxor (southern Egypt). Sexual dimorphism is the systematic difference in form between individuals of different sex in the same species. Researcher…

Emir of Qatar Sheikh Tamim bin Hamad Al Thani telephoned on Tuesday Egypt’s President Abdel Fattah al-Sisi. The talks tackled the bilateral relations between their countries and ways to bolster them. They also addressed the latest regional and international developments, especially those taking place in the Palestinian Gaza Strip.

Egypt has sought to contain attempts to breach the truce it had brokered between Tel Aviv and the Islamic Jihad, amid continued Israeli operations targeting leaders of Palestinian resistance factions, the most recent of which was in Nablus. Egyptian President Abdel Fattah al-Sisi received a telephone call on Tuesday from…