Analysis Egypt’s stocks boom 20% as global investors bet on economic turnaround Powered by banking, tobacco and building companies, the North African country's EGX30 index has soared to new records in August. By Samuel Wendel In Washington, DC, reporting on regional business and tech
China expands auto investment in Egypt with $1B Suez tire plant Egyptian Prime Minister Mostafa Madbouly said the project aligned with his country’s strategy to localize the automotive industry and manufacturing supply chains. Egypt
$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
Can floating Egyptian pound kill foreign currency black market? Egypt's latest flotation of its currency may rein in its thriving foreign currency black market, but economists cannot see an end to this market in the near future. Egypt
Egypt plans to launch first satellite to monitor climate change in Africa In the lead-up to the COP27 scheduled to be held in Sharm el-Sheikh in November and in partnership with China, Egypt plans to launch its first satellite specialized in the monitoring of climate changes in Africa. Egypt
Saudi Arabia to hold green forums in conjunction with COP27 Saudi Arabia will hold in November the second editions of the Middle East Green Initiative and Saudi Green Initiative summits in Sharm el-Sheikh, on the sidelines of the COP27, in what reflects the growing interest of regional countries to address the effects of climate change. Egypt
Thousands of Egyptian students in Ukraine, Russia stuck in limbo amid war The Egyptian government held a virtual meeting to address students’ challenges as those in Ukraine cope with the ongoing war and others in Russia are unable to pay tuition due to sanctions. Egypt
Egyptian pound plummets after interest rate hike, exchange rate change Egypt is contending with high inflation as the central bank continues to look for a way out of the current crisis. Egypt
'Strange' tomb of falcons discovered in ancient Egyptian seaport An archaeological research team unveiled what they called a strange discovery of a tomb containing 15 mummified falcons decapitated and buried inside a temple. Egypt
Egypt seeks new agriculture, food security cooperation with Africa The Russian war on Ukraine opened a new door for cooperation between Egypt and African countries, especially in the field of agriculture and food security. Egypt
First climate-related fatwa prohibiting environmentally harmful practices issued in Egypt Egypt’s Dar al-Ifta issued a fatwa charter promoting practices that are environmentally friendly based on Islamic law, as Egypt gears up to host the UN climate summit next month. Egypt
Gas forum kicks off in Cairo Qatar and Russia may be looking to cooperate more on energy matters. Egypt
11 Egyptians, one American on trial for smuggling antiquities to the US The Egyptian judicial authorities will soon begin the trial of 12 defendants accused of smuggling antiquities to the United States, amid repeated calls to follow up on stolen artifacts that are found abroad. Egypt
Egypt to plant wheat in Congo amid water shortage Egypt plans to cultivate 20,000 hectares of land in Mossendjo city in the Republic of Congo with strategic crops such as wheat. Egypt
Saudi woman swims across Red Sea to draw attention to coral reefs Mariam bin Laden became the first Arab woman to swim across the Red Sea and reach Egypt, accompanying UN Patron of the Oceans Lewis Pugh, part of a campaign to raise awareness of the need to preserve coral reefs amid climate change. Egypt
