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The Latest Breaking News from Egypt

Egypt's Central Bank Expected to Raise Interest Rates by 100 Basis Points

Experts and economists agreed that the Central Bank of Egypt (CBE) will raise interest rates during its meeting on Thursday but did not agree on the rate hike. A Reuters poll forecasted that the central bank will raise its overnight deposit rate by 100 basis points (bps) as it tries…

Asharq Al-Awsat

Lebanon: Gas Import Agreement from Egypt Disrupted by Unsecured WB Financing

An agreement to transport Egyptian gas to Lebanon via Syria is currently disrupted by Lebanon’s failure to meet the conditions for obtaining a World Bank loan and Washington’s reluctance to give an official approval confirming that the deal is not affected by the Caesar Act, sources told Asharq Al-Awsat on…

Asharq Al-Awsat

Egypt, US Agree on Importance of Partnership to Regional Security

Egyptian Foreign Minister Sameh Shoukry’s meeting with his US counterpart, Antony Blinken, reached consensus on the importance of the “strategic partnership” between Cairo and Washington as “a fundamental pillar of security and stability in the Middle East.” The diplomats’ meeting is the first of its kind since the Biden administration…

Asharq Al-Awsat

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India, Egypt sign MoU to further defence cooperation

It was signed by the two Defence Ministers during Rajnath’s visit to Cairo.

The Hindu

Egypt to Link Oil Refining System into Unified Digitally Managed Network

Egypt’s oil refining system is being linked into a unified network through the Egyptian General Petroleum Corporation (EGPC) that will be managed online, Petroleum Minister Tarek el-Molla has announced. Molla explained that the development of the refining system and the petrochemical industry began in 2016 through the overall vision of…

Asharq Al-Awsat

Egypt, India to Boost Military, Security Cooperation

Egyptian President Abdel Fattah el-Sisi met on Monday with India's Defense Minister Rajnath Singh to discuss ways to enhance military and security cooperation. Presidential spokesman Bassam Rady said the discussions between the Egyptian President and the Indian Minister addressed enhancing military and security cooperation, especially in joint manufacturing, transfer, and…

Asharq Al-Awsat

India, UAE and France hold first trilateral ministerial meeting in U.S.

External Affairs Minister S. Jaishankar arrived in New York on Sunday to participate in the high-level 77th session of the U.N. General Assembly

The Hindu

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Egypt's ancient 'Tree of the Virgin Mary' reopens to visitors

Visitors to Egypt can once again stop by the historic 'Tree of the Virgin Mary' in Cairo's Matariya district, a place where believers say the Holy Family passed during their journey through Egypt from Judea.

Reuters

India, Egypt to focus on defence coproduction, maintenance of equipment

Defence Minister Rajnath Singh calls on Egyptian President Abdel Fattah Al-Sisi in Cairo

The Hindu

Egypt Underlines Growth in Activities, Economic Returns of Public Sector Oil Companies

Egypt's Minister of Petroleum and Mineral Resources Tarek el-Molla chaired on Sunday the meetings of the general assemblies of public sector oil companies, via video conference, to discuss and approve the results of FY 2021/22. He affirmed that the public sector oil companies have developed remarkably in recent years, citing…

Asharq Al-Awsat

Egypt frees Al Jazeera journalist Ahmed al-Najdi

Ahmed Al-Najdi calls on the Egyptian authorities to release three of his colleagues still in detention.

Al Jazeera

‘Once-in-a-lifetime’: Rameses II-era burial cave found in Israel

Team of experts finds pottery pieces and bronze artefacts from time of the ancient Egyptian king who died in 1213 BC.

Al Jazeera

Suez Canal Authority to Raise Transit Fees by 15% in 2023

Egypt plans to raise fees for ships passing through the Suez Canal by 15% in 2023, the Canal Authority's Chairman Osama Rabie said on Saturday. Transit fees for bulk and tourist ships will be raised by 10%, Rabie added. The fee increase will be applied starting Jan 1, 2023. Rabie…

Asharq Al-Awsat

Cairo, Washington Agree to Launch Initiative to Adapt to Clime Changes

Egypt and the United States agreed on the importance of adapting to climate changes, especially in developing countries and the African continent. This came during a meeting between US Special Presidential Envoy for Climate John Kerry and Egypt’s Environment Minister Yasmine Fouad on the sidelines of the 18th session of…

Asharq Al-Awsat

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The Hindu

Rajnath on 3-day visit to Egypt from Sunday

The ministry said the two sides will review the bilateral defence ties, explore new initiatives to intensify military-to-military engagements and focus on deepening cooperation between the defence industries of the two countries.

The Times of India

Rajnath Singh on 3-day visit to Egypt from Sunday

NEW DELHI: Defence minister Rajnath Singh will pay a three-day visit to Egypt beginning on Sunday to explore new initiatives to bolster bilateral defence ties.

Asharq Al-Awsat

Egypt Explores New Prospects for German Investments

Head of the General Authority for Free Zones and Investment (GAFI) Mohamed Abdel Wahab said on Thursday that the authority seeks to open new scopes for cooperation with Germany to attract more investments in the country and draw on German expertise, especially in industry and clean energy. Abdel Wahab made…

The Guardian - UK

Campaigners call for climate crisis global day of action during Cop27

Groups urge action during the talks in Egypt to demand climate justice for Africa and the global south

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Asharq Al-Awsat

AD Ports Completes Acquisition of Majority Stake in Transmar, Transcargo International

Abu Dhabi Ports Group said on Wednesday it completed the acquisition of a 70 percent equity stake in Egypt’s Transmar International Shipping Company (Transmar) and Transcargo International (TCI), with a total value of the deal amounting to $140 million. The acquisition of the two Egypt-based maritime companies is the first…

Al Jazeera

Chadian rebel pardoned by Egypt ahead of N’djamena dialogue

The release comes on the heels of a pre-negotiation parley held in Doha by Qatar, Chad and more than 300 rebel groups.

Asharq Al-Awsat

Tutankhamun: Egyptians Bid to Reclaim their History

It's one of the 20th century's most iconic photos: British archaeologist Howard Carter inspecting the sarcophagus of Tutankhamun in 1922 as an Egyptian member of his team crouches nearby shrouded in shadow. It is also an apt metaphor for two centuries of Egyptology, flush with tales of brilliant foreign explorers…

Asharq Al-Awsat

Egypt, Qatar Sign Agreements to Boost Cooperation During State Visit

Egypt and Qatar signed three memomoranda of understanding, including one between the two nations' sovereign wealth funds, the Egyptian presidency said on Wednesday during a two-day trip by Abdel Fattah el-Sisi to Doha. Sisi's trip to Qatar is his first since Cairo and Doha restored relations last year following a…

The Guardian - UK

Prosecutors urged to examine French role in Egyptian airstrikes on civilians

NGOs want investigation into border counter-terrorism operation that allegedly ended up bombing suspected smugglers

The Independent UK

US frees some aid for Egypt, claiming progress on abuses

The Biden administration says it's again giving Egypt much of a $300 million tranche of annual military aid that’s conditioned on human rights improvements

Reuters

U.S. to withhold $130 million military aid to Egypt over human rights -official

The Biden administration has decided to withhold $130 million of foreign military aid to Egypt over its failure to fulfill human rights conditions, U.S. officials said on Wednesday, but allowed some funds to go through due to its determination that Cairo has made progress on political detentions.

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