$35B gas deal underscores Egypt’s energy reliance on Israel despite Gaza tensions Israel and Egypt have finalized a $35 billion gas deal that will double Israeli gas exports by 2029, highlighting Cairo’s growing energy dependence on its neighbor, even as political tensions rise over Gaza. Egypt
Turkey’s Fidan to visit Egypt with Libya, Gaza on agenda The top Turkish diplomat’s Cairo visit comes as Ankara-Cairo engagement deepens amid shifting power balances in North Africa and shared concerns over Gaza. Turkey
Sudan PM visits Egypt as Khartoum claims downing UAE plane: What to know Just a day before the visit, Sudan’s military said it shot down an Emirati plane carrying Colombian mercenaries for the RSF, prompting outrage from Colombia. Sudan
Egypt holds second Senate vote as pro-Sisi parties dominate: What to know The Senate elections, dominated by pro-Sisi government parties, feature fewer party list and individual candidates compared to elections held in 2020. Egypt
Egypt’s exports to China up more than 20% in 2022 China is making inroads in the Middle East, including by strengthening economic ties to Egypt. Egypt
Major bitcoin fraud case rattles Egypt Hundreds of Egyptians were swindled by an international crypto mining company, raising controversy over the digital currency that has grown in popularity in cash-strapped Egypt. Egypt
MidEast freedom rankings: Syria worst, Tunisia in decline, says Freedom House Syria remains to be the least and Israel the best performing country when it comes civil and political freedoms while the biggest one-year decline has been observed in Tunisia. Turkey
Inflation in Egypt at 32.9% in latest spike The Egyptian government’s inflation statistics in February could prompt an interest rate increase when the central bank next meets. Egypt
UAE, Egypt to develop major green hydrogen project in Mauritania The UAE is interested in Africa's green hydrogen potential, but the lack of development in the country could prove challenging. Legacy: Gulf
Train crash in Egypt leaves 4 dead, 23 injured Train crashes are not uncommon in Egypt, where the railway system is plagued by years of neglect. A new high-speed rail system could soon come to the country, however. Egypt
Egypt seeks to attract Islamic investors with debut sukuk, EGX Sharia index While the move to allow Islamic bond sales will diversify the government's funding sources, Islamic finance is still a relatively small part of the Egyptian economy. Egypt
Return of hot money foreshadows even more debt for Egypt Egypt has witnessed a large inflow of short-term debt in recent weeks. Al-Monitor Pro explains why the government hasn't been able to wean itself off of "hot money" and the economic impact. Marc Español
Egypt, Russia find opportunity in crisis Analysts say boosting trade between Russia and Egypt in the ruble and the pound is a win for both countries amid Western sanctions on Moscow and the dollar crunch in Egypt. Egypt
Breaking | Last Updated: March 2, 2023, 2:44 pm Pentagon chief Lloyd Austin to visit Israel, Jordan, Egypt The Pentagon chief's second tour of the Middle East comes as diplomatic efforts to return to the 2015 Iran nuclear deal appear to have run out of gas. Legacy: Gulf
New World Bank grant to help Egypt manage Cairo's air pollution A 2022 report published by the American University of Cairo described Cairo's air quality as a "direct threat to public health.” Egypt
UAE, Egypt, Jordan, Bahrain sign 12 industrial agreements worth $2 billion The third Higher Committee Meeting of the Industrial Partnership for Sustainable Economic Development wrapped up in Amman with 12 new agreements on industrial projects. Legacy: Gulf
