New Egyptian company to raise expat funds gets $100m seed investment

The project is designed to bring in much-needed foreign currency into the North African country, which is going through its worst economic crisis in more than half a century.

Egypt

Middle East economic powers gamble on new realities, from oil demand to Egypt’s future

Sudan’s army chief in Egypt after Libya visit as civil war drags on

Sudanese Gen. Abdel Fattah al-Burhan is trying to drum up African support in the war against the paramilitary Rapid Support Forces.

Egypt

Ex-Israeli military intel chief: Hamas split, Netanyahu govt derail Gaza deal

Former intelligence chief Tamir Hayman believes that a Gaza cease-fire could open opportunities for normalization with Saudi Arabia.

Israel

How Egypt’s takeover of UNHCR asylum claims will impact vulnerable refugees

The Egyptian government is preparing to assume the role of registering and determining asylum claims, which could have drastic consequences for people seeking asylum in Egypt.

Egypt

Egypt, UAE sign $35 billion development deal amid foreign currency crunch

The deal could help Egypt’s struggling economy and builds on previous Emirati investment in the North African country.

Egypt

Analysis

How Red Sea crisis is battering Egypt's manufacturing, textile industries

The Suez Canal is a cornerstone of the Egytian economy, providing a vital source of foreign currency for the cash-strapped country.

By Jack Dutton

In Bristol, reporting on regional business, climate change, AI, tech

Analysis

International law 'cannot be a la carte': UAE, Saudi and Egypt scold Israel at ICJ

The presentations at The Hague could further the rift between Israel and the Arab world amid the Gaza war and efforts to expand normalization, though countries in the region are still interested in maintaining relations with Tel Aviv.

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

Egypt’s Sisi: Suez Canal revenue down as much as 50% over Red Sea attacks

The decrease in revenue and traffic in the canal due to attacks by Yemen’s Houthi rebels is exacerbating Egypt’s foreign currency shortage and overall economic crisis.

Egypt

Egypt prepares for worst-case scenario as Israeli offensive in Rafah looms

Recent reports indicate Egypt is constructing a fenced-in zone south of the Rafah crossing from the Egyptian side in preparation for the exodus of Palestinians from Gaza.

Egypt

Brazil’s Lula signs cooperation deals on Egypt visit, will head to Ethiopia next

The Brazilian president met his Egyptian counterpart, Abdel Fattah al-Sisi, attended an Arab League meeting and is seeking to expand the strong trade ties between the two countries.

Egypt

ADNOC, BP form natural gas joint venture in Egypt

The British energy major said Wednesday it would contribute its interests in three development concessions and exploration agreements in Egypt to the joint venture.

Egypt