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Egypt

November 26, 2024

Cairo 9:51 pm

14°C

Ed Giles/Getty Images

17 missing after boat capsizes off Egypt's Red Sea coast

The boat set sail on Sunday despite warnings from the Egyptian Meteorological Authority about large waves on the Red Sea.

Egyptian pound banknotes lie on a table on March 6, 2024, in Cairo, after Egypt's central bank announced it will allow the exchange rate to be set by the market.

Egypt to launch first IPO in three years amid IMF-fueled privatization drive

The move comes amid a privatization drive in Egypt as part of the International Monetary Fund’s conditions to provide Cairo with an $8 billion bailout to help the North African country recover from an economic crisis.

President-elect Donald Trump attends the America First Policy Institute Gala held at Mar-a-Lago on Nov. 14, 2024, in Palm Beach, Florida.

Analysis

From Sudan to Ethiopia, Trump’s 'America First' priorities could shift Horn of Africa policy

As the Horn of Africa region seemed to be overlooked by Washington’s foreign policy, questions about how President-elect Donald Trump will deal with the rising conflicts in the region arise.

Jonathan Fenton-Harvey

By Jonathan Fenton-Harvey

In Exmouth, reporting on North Africa and Gulf politics

FAYEZ NURELDINE/AFP via Getty Images

Egypt, Saudi Arabia prep for joint military drills as ties strengthen

The drills are the latest sign of growing relations between the two countries.

Latest News

Analysis

Trump’s return bodes both continuity and disruption for fragile Middle East

This US Navy photo released Jan. 15, 2015 shows an MH-60S Sea Hawk helicopter from the Red Lions of Helicopter Sea Combat Squadron (HSC) 15 as it prepares to land on the flight deck of the Nimitz-class aircraft carrier USS Carl Vinson (CVN 70) on Jan. 13, 2015 in the Gulf.

Jared Szuba

In Washington, DC, reporting on defense, national security, military

Analysis

Egypt: $1.2B at stake as IMF reviews ‘halfhearted’ economic reforms

People walk past a fruit seller's stall in the Azhar district of Egypt's capital, Cairo, on Jan. 16, 2023.

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

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Despite deteriorating human rights record, Egypt hopes for US support under Harris or Trump

EVELYN HOCKSTEIN/AFP via Getty Images

CIA chief, Egypt’s Sisi discuss 'urgent need' to end Lebanon, Gaza wars

This combination of pictures created on Aug. 15, 2021 shows CIA Director, William Burns, testifying during a House Intelligence Committee hearing about worldwide threats, on Capitol Hill in Washington, DC, on April 15, 2021 and Egyptian President Abdel Fattah al-Sisi (R) attending a press conference with his Russian counterpart at the presidential palace in the capital Cairo on Dec. 11, 2017.

Beatrice Farhat

Associate Editor (Lebanon)

In Beirut, reporting on regional news, culture, conflict

Jonathan Fenton-Harvey

In Exmouth, reporting on North Africa and Gulf politics

Mohammed Magdy

In Berlin, reporting on Egyptian politics

Ayah Aman

In Cairo, reporting on politics and culture

Salwa Samir

In Giza, reporting on politics

Nada Shaker

In Cairo, reporting on culture

(From left to right) Israel's Energy Minister Haim Katz.

Despite divide over settlements, Israel expands energy cooperation with Egypt

Israel’s Energy Minister Israel Katz chose to travel to Egypt for his first visit abroad since taking office.

Adani

From Israel to Egypt, how Adani Group's downfall could reverberate in Middle East

The Indian tycoon's crumbling empire had made investments in Israel and Egypt, but relations between India and the region may chill if deals go bad.

An Egyptian Coptic Christian boy shouts slogans while holding a crucifix during a protest outside the Egyptian state TV building following sectarian clashes, Cairo, Egypt, March 10, 2011.

Egypt’s Coptic Christians outraged at government's mishandling of adoption case

The case of a little boy who was taken from his adoptive Christian parents by the Egyptian authorities and placed in an orphanage after being registered as a Muslim has triggered a backlash from rights advocates and brought the adoption laws under scrutiny.

A general view of the Egyptian Stock Market in the capital Cairo on January 6, 2013.

Egypt plans to sell stakes in 32 state-owned companies within year

The announcement comes as the government is moving to reduce the state’s footprint in the economy, and includes two military-owned enterprises and three banks.

A woman walks out of a currency exchange shop displaying a giant US dollar banknote.

Egypt's economy takes another hit with rating downgrade

Moody’s also said Egypt’s ability to generate domestic funding will help its economic outlook.

Egypt finance

Egypt venture capital funding tops $500M in 2022: Report

Egypt led the Middle East and North Africa in the number of venture capital deals last year, according to a report by MAGNiTT. Egypt’s overall economy continues to struggle.

A man counts Egyptian pounds at a currency exchange shop in downtown Cairo on Nov. 3, 2016.

Egypt’s non-oil sector suffering under high inflation: Report

Egypt is experiencing rising inflation and the depreciation of its currency, but the country’s stock exchange is doing well and the IMF recently agreed to a massive aid package.

Giza zoo

Overhaul plan for Giza Zoo stirs controversy in Egypt

The historic zoo is in need of renovation, but critics fear that the government's announced plan may make things worse.

A peddler sells roasted corn cobs by the medieval Sultan al-Ghuri Complex in the Azhar district of Cairo.

Egypt keeps interest rates unchanged to start 2023

Inflation in Egypt was on the rise at the end of 2022, with food prices being of particular concern.

Russian Foreign Minister Sergey Lavrov (R) shakes hands with his Egyptian counterpart, Sameh Shoukry.

Egypt's Shoukry holds talks with Lavrov in Russia, a day after meeting Blinken

Egyptian Foreign Minister Sameh Shoukry delivered a message from the United States to his Russian counterpart, Sergey Lavrov, on Russia's war in Ukraine, according to an Egyptian media report.

Middle East corruption rankings: Syria most corrupt, UAE least, Turkey slipped

Corruption remains rampant across the Middle East and North Africa, Transparency International reports, with the region’s average score in combating corruption hitting a new low of 38.

Stock market brokers work at the Egyptian Stock Market in the capital Cairo on January 6, 2013. A top International Monetary Fund official will visit Egypt on January 7, for talks likely to focus on the $4.8 billion loan agreement frozen last month because of political unrest in the country. AFP PHOTO / KHALED DESOUKI (Photo credit should read KHALED DESOUKI/AFP via Getty Images)

Pound devaluation, IMF deal send Egypt’s stock market soaring

PRO: Egypt's stock market has started 2023 as one of the world’s best-performing exchanges. Here's what it will take to maintain that momentum.

Marc Español