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Egypt

April 23, 2026

Cairo 2:10 am

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A man walks through the atrium during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 14, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

IMF slashes Mideast outlook by nearly 3 points as Iran war hits economies

The International Monetary Fund cut gross domestic product forecasts for the Middle East and North Africa, with the fallout from the conflict exposing stark divergences between the region’s energy exporters and importers.

Sayed Hassan/Getty Images

Analysis

Egypt eyes energy breakthroughs as Iran war deepens gas crunch

Among countries outside the Gulf conflict's direct line of fire, few have felt the shockwaves as acutely as Egypt.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

A police speed boat patrols the port as oil tankers and high speed crafts sit anchored at Muscat Anchorage near the Strait of Hormuz on March 30, 2026 in Muscat, Oman.

Analysis

Hostage to Hormuz, can Gulf rewire future energy flows to bypass Iran’s chokepoint?

As the US-Israel-Iran war disrupts around 20% of global oil supply, experts point to opportunities and challenges facing a renewed push to develop alternatives to the Strait of Hormuz.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of Nasholim, on Aug. 29, 2022.

Israel energy minister says gas flowing to Egypt, Jordan despite shutdown reports

Israeli Energy Minister Eli Cohen told Al-Monitor that despite security concerns and partial shut down of marine gas platforms, Israel continues to supply gas to Egypt, Jordan and Israeli consumers.

Latest News

Egypt closes stores early, Jordan bans AC as Iran war takes toll

Shops close early, on March 28, 2026, in Cairo, Egypt.

Analysis

Oil-rich Gulf states could face power crunch as Iran war hits energy security

A general view of South Pars gas field facilities in the southern Iranian port town of Assaluyeh, on the Gulf, Nov. 19, 2015.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

How Egypt is navigating limited options in Iran war to stay neutral

US President Donald Trump and President of Egypt Abdel Fattah El-Sisi clasp hands as they speak to the press before their meeting on Oct. 13, 2025, in Sharm el-Sheikh, Egypt.

Analysis

Oil crisis stokes inflation risks for Mideast as Iran war exposes importers

Smoke and flames rise at the site of airstrikes on an oil depot in Tehran on March 7, 2026.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Beatrice Farhat

Associate Editor (Lebanon)

In Beirut, reporting on regional news, culture, conflict

Jonathan Fenton-Harvey

In London, 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

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

Blinken and Shoukry in Cairo

Blinken seeks detainee progress, but releases are Egypt’s ‘prerogative’

US Secretary of State Antony Blinken told Al-Monitor he raised the cases of individual political prisoners during his two-day visit to Cairo, which included a meeting with Egyptian President Abdel Fattah al-Sisi.

People walk past a fruit seller's stall in the Azhar district of Cairo

In Egypt, economic heat of Russia's war in Ukraine is only getting worse

Average Egyptians told Al-Monitor that everything from the price of tomatoes to bread is taking a toll on daily life and household decisions as country's economy reels under the heavy toll of the war in Ukraine.

SAJJAD HUSSAIN/AFP via Getty Images

Egypt's Sisi meets Modi, inks 'strategic partnership' on landmark India visit

The trip could lead to greater cooperation between India and Egypt on trade, the Suez Canal, green hydrogen and more.

Egyptian President Abdel Fattah al-Sisi (C) and head of Egypt's General Intelligence Service Abbas Kamel (R) with CIA Director William Burns (L) during their meeting, Cairo, Egypt, Jan. 23, 2023.

CIA director in Egypt after Libya and Ukraine, meets Sisi

The Egyptian president met on Monday with the CIA director as the two held talks discussing various bilateral, regional and international issues.

Italy's Foreign Minister Antonio Tajani and his Egyptian counterpart Sameh Shoukry give a joint press conference, Cairo, Egypt, Jan. 22, 2023.

Large Arab boycott of Libya conference as Italy's FM visits Egypt

On the sidelines of a heavily boycotted Arab League consultative meeting, Egyptian officials met Italy's foreign minister to discuss illegal immigration from Libya, among other issues.

From left, Sultan Haitham bin Tarik of Oman, Egypt's President Abdel-Fattah El-Sisi.

UAE hosts Gulf leaders including Qatar's along with Egypt, Jordan

Egypt and Jordan are increasingly looking to the United Arab Emirates and other Gulf states for development and economic support.

Egyptian President Abdel Fattah al-Sisi participates in the Leaders Session – Partnering on Agenda 2063 at the US-Africa Leaders Summit, Washington, Dec. 15, 2022.

Egypt green-lights sweeping privatization strategy following IMF agreement

The plan defines the contours of the state’s future participation in the economy, including those activities it plans to exit, to increase the contribution of the private sector.