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The Latest Breaking News from Egypt

Inflation Expected to Generate Major Crises Worldwide

With the rise of inflation rates all over the world, the value of the foreign exchange reserves were affected in many countries, putting down the economies of emerging states, which mostly depend on imports to cover their daily consumption needs. Given the economic developments in many emerging countries, including Egypt,…

Asharq Al-Awsat

Egypt, UAE, Israel Discuss Repercussions of Ukrainian Crisis

In their first tripartite meeting, Egyptian President Abdel Fattah al-Sisi received Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan and Israeli Prime Minister Naftali Bennett in Sharm El-Sheikh on Tuesday. The talks addressed the repercussions of global developments, especially concerning energy, market stability, and food security. Media and…

Asharq Al-Awsat

Egypt, UK Hold Seminar on Fighting Terrorism

Egypt and the UK coordinated on Tuesday to exchange security expertise in their fight against terrorism during a seminar organized by the Armed Forces in Cairo. Military officials and academics from both countries attended the Egyptian-British Seminar for Counterterrorism 2022, which is held as part of joint efforts between both…

Asharq Al-Awsat

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Suez Canal says transit fees for ships will increase in May

Egypt says it will increase transit fees for vessels, including oil-laden tankers, passing through Suez Canal

The Independent UK

U.S. welcomes trilateral summit between Egypt, Israel, UAE

The U.S. State Department said it welcomed the trilateral summit on Tuesday between the leaders of Egypt, Israel and the United Arab Emirates, who met in Sharm el-Sheikh for talks on the economic impact of Russia's invasion of Ukraine and the growing influence of Iran in the region.

Reuters

Hill To Provide Construction Management Services For Marina Towers Project, Egypt

City Edge Development on behalf of the New Urban Communities Authority (NUCA) has selected Hill International Inc (NYSE: HIL) to provide construction management services for its flagship mixed-use project in the New Alamein City, North Coast, Egypt. Financial terms were not disclosed.

Benzinga

Egypt’s Suez Canal Increases Tolls for Laden Crude Oil Tankers

Egypt's Suez Canal Authority said on Tuesday it will temporarily increase a surcharge levied on laden crude oil tankers and petroleum products tankers transiting the canal in both directions to 15% of normal dues from 5%, effective May 1. It said that ballast crude oil tankers and petroleum products tankers…

Asharq Al-Awsat

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Egypt, UAE, Israel leaders meet for first ever three-way summit

Concerns over the war in Ukraine, as well as the Iran nuclear deal, were reportedly on the agenda.

Al Jazeera

Egypt, UAE, Israel discuss energy market stability at Egypt summit

Egypt's President Abdel Fattah al-Sisi, Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan and Israeli Prime Minister Naftali Bennett discussed the stability of energy markets and food security on Tuesday, the Egyptian presidency said.

Reuters

Egypt Erects Sand Barriers as Rising Sea Swallows the Nile Delta

The flooding had become inevitable. Every winter, amid heavy rains and storms, the Mediterranean Sea would rise and spill over into fisherman Aziz Lasheen's low-lying village in Egypt's northern governorate of Kafr El-Sheikh. As water poured into the village of Mastroua it would destroy homes, saturate farmland with saltwater and…

Asharq Al-Awsat

Egypt, UAE Assert Need to Bolster Arab Solidarity

Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan, Deputy Supreme Commander of the Armed Forces, discussed with Egyptian President Abdel Fattah El-Sisi the prospects of advancing cooperation at all fronts for the benefit of the two countries and their peoples. During a meeting in Sharm El-Sheikh, the two…

Asharq Al-Awsat

The Middle East Is on the Brink Again

The Risks of an Unstable Authoritarian Order

Foreign Affairs

Israeli PM Bennett in Egypt for talks with its president - Israeli media

Israeli Prime Minister Naftali Bennett travelled to Egypt on Monday for a previously unannounced visit and will hold talks with Egyptian President Abdel Fattah al-Sisi, Israeli media said.

Reuters

Egypt fixes price of bread as Ukraine war hits wheat supply

Commercially sold bread set at 11.50 Egyptian pounds a kilo as Russian invasion sends wheat prices soaring

The Guardian - UK

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Reuters

Egyptian prime minister sets fixed price for unsubsidised bread

Egypt has set a fixed price for unsubsidised bread in an effort to counter rising food prices after Russia's invasion of Ukraine closed off access to lower-priced Black Sea wheat.

The Independent UK

Egypt's central bank raises interest rates, cites Ukraine

The Central Bank of Egypt has raised its key interest rate for the first time since 2017, citing inflationary pressures triggered by the coronavirus pandemic and Russia's war in Ukraine, which hiked oil prices to new records

Asharq Al-Awsat

Egypt Sets May 15 to Deliver Verdict on 8 Defendants Accused of Collaborating with ISIS

Egypt's Supreme Emergency State Security Court (SESSC) has set May 15 as the date for delivering its verdict in the case of eight suspects accused of collaborating with the terrorist ISIS group and plotting attacks against state institutions. The Supreme State Security Prosecution (SSSP) had ordered the defendants to be…

Asharq Al-Awsat

Egypt's Central Bank Raises Key Interest Rates by 100 Basis Points

Egypt's central bank raised its key interest rates by 100 basis points in an exceptional monetary policy committee meeting, it said in a statement on Monday. The central bank set its overnight lending rate at 10.25% and its overnight deposit rate at 9.25% citing global inflationary pressures amplified by the…

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Asharq Al-Awsat

31 Million People Fully Vaccinated In Egypt

Egypt confirmed on Saturday that more than 31 million people have been fully vaccinated against the COVID-19 virus, amid a stable number in daily infections. On Saturday, the Health Ministry said the average number of daily infections during the last week reached 788 cases, while the average daily death toll…

Asharq Al-Awsat

Egyptian Delegation in Indonesia to Discuss Regional Developments, Fighting Terrorism

Egypt will attend on Sunday the 144th Assembly of the Inter-Parliamentary Union (IPU) and its related meetings held in Nusa Dua, Bali. The four-day event is hosted by the Indonesian parliament. Egypt is represented at the Assembly by a parliamentary delegation, headed by Speaker Hanafy Ali El-Gebali.

Reuters

Archaeologists discover five tombs in Egypt's Saqqara necropolis

Archaeologists have discovered five ancient tombs adorned with well-preserved paintings at a cemetery in Saqqara, just outside the Egyptian capital Cairo, officials said on Saturday.

Asharq Al-Awsat

Egypt Displays Ancient Tombs in Saqqara

Egypt on Saturday displayed recently discovered, well-decorated ancient tombs at a Pharaonic necropolis just outside the capital Cairo. The five tombs were unearthed earlier this month and date back to the Old Kingdom — a period spanning roughly from around 2700 BC to 2200 B.C., as well as to the…

Asharq Al-Awsat

Egypt Displays Recently Discovered Ancient Tombs in Saqqara

Egypt on Saturday displayed recently discovered, well-decorated ancient tombs at a Pharaonic necropolis just outside the capital Cairo. The five tombs, unearthed earlier this month, date back to the Old Kingdom (1570 B.C. and 1069 B.C.) and the First Intermediate Period that spanned more than a century after the collapse…

The Independent UK

Egypt displays recently discovered ancient tombs in Saqqara

Egypt has put on display recently discovered, well-decorated ancient tombs at a Pharaonic necropolis just outside the capital Cairo

Asharq Al-Awsat

Cairo, Jakarta Agree to Bolster Economic, Development Cooperation

Indonesian President Joko Widodo held talks with Egyptian Foreign Minister Sameh Shoukry in Jakarta on Friday. Both sides agreed to bolster bilateral economic and development cooperation and discussed several topics of mutual interest.

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