Saudi Arabia secures funding for electricity interconnection with Egypt

Egypt just approved a plan to ration electricity, though the government said there is not a shortage of power.

Egypt

Saudi Arabia’s Public Investment Fund acquires stakes in Egyptian state-owned firms

The acquisitions help make good on Saudi Arabia’s pledge to invest billions in Egypt.

Saudi Arabia

Here's how the latest US rate hike will impact Egypt's economy

A stronger US dollar will inevitably drive higher import costs, and subsequently prices, in the most populous Arab country, yet could eventually provide a boost to the local currency with an increase in exports.

Egypt

Lavrov sidesteps Nile dam dispute in meetings in Egypt, Ethiopia

Russia’s Foreign Minister Sergey Lavrov seems to have avoided the GERD issue, instead focusing on his country’s relations with Egypt, Ethiopia and other African countries.

Egypt

Egypt creates independent fund for Suez Canal

Egypt has established a new fund for the Suez Canal manage its own revenues independently.

Egypt

Egypt-China ties strengthen with recent deals

China is also getting closer to Saudi Arabia, Iran and other countries in the region, primarily through economic cooperation.

Egypt

Downward spiral causes crash in Egypt’s gold prices

Gold prices sharply dropped in Egypt amid a drop of global prices after the US Federal Reserve hiked interest rates.

Egypt

Egypt, China expand climate cooperation ahead of COP27

As Egypt prepares to host the COP27 conference, it's getting help from China to transform Sharm el-Sheikh into a green city.

Egypt

Egypt pins hopes on Russia-Ukraine grain agreement

Egypt, especially hit hard by the global food crisis resulting form the Russia-Ukraine war, is hoping for relief via the Black Sea Grain Initiative.

Egypt

Culture

Egypt renovates one of Sinai's oldest monasteries

Restoring the previously neglected monuments in the Sinai in one way to revitalize tourism, especially religious tourism.

Egypt

Russian Orthodox Church builds on links with Egyptian Copts

Egypt's Giza governorate now hosts an administrative and spiritual center for the Russian Orthodox Church.

Egypt

Saudi Arabia’s NEOM project to bring huge investments to Egypt

Saudi Arabia Crown Prince Mohammed bin Salman said his country will invest in Sharm el-Sheikh as part of $500 billion NEOM project.

Egypt