Egypt, Turkey hold firm on interest rates

Turkish President Recep Tayyip Erdogan is adamantly opposed to raising interest rates, but some observers expected Egypt to raise rates in line with Gulf banks and the US Federal Reserve.

Egypt

Egypt's Sisi, Arab leaders coordinate positions ahead of Biden visit

Egyptian President Abdel Fattah al-Sisi has been meeting with several Arab leaders in the lead-up to US President Joe Biden’s visit to the Middle East slated for mid-July.

Egypt

Egypt, Saudi Arabia sign economic agreements worth $7.7 billion

Saudi Arabia intends to invest about $8 billion in various economic sectors in Egypt, which will ease the Egyptian economy's wheels amid the global crisis.

Egypt

Egypt participates in Russian economic forum

Egyptian President Abdel Fattah al-Sisi delivered a virtual speech at the opening session, stressing the need to find "effective solutions" to the global economic crisis.

Egypt

Egypt looks for upsurge in tourists from sanctions-hit Russia

Cairo and Moscow are holding talks to allow the Russian payment system MIR in Red Sea resorts.

Egypt

Egypt looks to Somalia for more influence in Red Sea, Nile dam dispute

Egypt Prime Minister Mostafa Madbouly attended the inauguration of new Somali President Hassan Sheikh Mahmoud, who faces a wide array of challenges.

Egypt

Egypt’s car industry suffers under dollar crisis

Car prices experienced a steep spike in Egypt over the past months as the dollar rose against the Egyptian pound and import restrictions were imposed amidst a decline in supply and a redirection of Egypt’s market shares to other countries.

Egypt

Egypt, Congo boost ties with electricity deal

Egypt and the Democratic Republic of the Congo agreed to partner in the field of electricity as part of Egypt’s plan to boost its presence in the African continent amid the stalled talks on the Grand Ethiopian Renaissance Dam crisis.

Egypt

Egypt looks for boost from gas deal with Israel, EU

The EU, Egypt and Israel signed an agreement for the export of natural gas to Europe, which would reduce the latter’s dependence on Russian gas.

Egypt

Saudi Arabia’s ACWA Power to develop wind project in Egypt

Wind power is slowly growing in the Middle East and North Africa, including in the oil-rich Gulf.

Legacy: Gulf

Egypt-Lebanon gas deal awaits US decision on Syria sanctions

A State Department spokesperson said the administration will review the final contracts and financing terms to address any sanctions concerns.

Lebanon

Culture

Soccer defeat against Ethiopia ignites Egyptian anger over Nile dam

The Egyptian national soccer team’s defeat against Ethiopia awakened angry reactions at the political and sporting levels in Egypt, with some associating the victory to Ethiopia’s position on the Grand Ethiopian Renaissance Dam.

Egypt