Egypt’s mounting debt raises doubts amid stalled reforms and inflows

High allocations and revenues tied to debt in the draft budget for the next fiscal year are causing concern at home and abroad.

Egypt

Will Telecom Egypt stake sale help country achieve IMF reforms?

An expert said it was "unclear” whether the sale helped solve Egypt’s “key problem” of accessing hard currency.

Egypt

Culture

Egypt's ‘Eissa’ debuts at Cannes with spotlight on Africa’s refugee community

Egyptian critics and activists praised "I Promise You Paradise," a short film directed by Egyptian director Morad Mostafa, highlighting untold stories of immigrants living in Egypt, with a focus on African refugees.

Egypt

Egypt’s economy braces for new hit from Sudan conflict

Egypt fears that a prolonged conflict in Sudan, a major market for its exports, will add to its economic hardships.

Egypt

Egypt: Leading textile executive pushes for low-interest loans to save industry

Textile manufacturing is Egypt’s second-largest industry, but it was severely impacted by the pandemic and now the country’s economic downturn.

Egypt

Egypt inflation drops to 31.5%, but food prices still rising

Annual inflation fell slightly in April compared to the previous month as the central bank readies its next decision on interest rates.

Egypt

UN Security Council invites Pope Francis, Al-Azhar imam for joint speech

In a first, the world’s two most prominent religious leaders are expected to deliver a joint speech on peace at the UN Security Council at a time when wars and conflicts are raging across the world.

Egypt

Egypt’s gas ambitions increasingly hinge on Israeli inflows

Marc Español

Egypt frees long-held Al Jazeera journalist amid thaw with Qatar

The release of Hisham Abdelaziz comes as Egypt and Qatar are working to normalize their relations after years of tension, even as Cairo continues its crackdown on journalists.

Egypt

Yacht carrying Russians, Egyptians goes missing off Yemen coast

The yacht’s owner says the crew sent a distress call about a pirate attack.

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Egypt charges tourist ships in dollars as greenback crisis spirals

Egypt commits tourist boats arriving in its ports to pay in US dollars amid a tough dollar shortage crisis in the populous country.

Egypt

Culture

Egypt archaeologists refute Ramses II-Exodus connection

The display of the sarcophagus of Ramses II at an exhibition organized by the Egyptian Ministry of Tourism in Paris has revived the debate of whether the Exodus occurred during the era of the king.

Egypt