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
Egyptian Central Bank plans to establish new index of gold, foreign currencies The Egyptian pound is performing poorly against the US dollar but faring better compared to other currencies. Egypt
Egypt seeks to produce cotton that resists drought better Ahead of the COP27, Egypt and Uzbekistan hope to cooperate in producing cotton varieties resistant to unfavorable climate conditions. Egypt
International fashion shows land in Egypt Luxury fashion houses Stefano Ricci, Elie Saab and Dior have chosen different iconic places in Egypt to host major events, in line with the authorities’ new branding strategy aimed at attracting new visitors by leveraging the country’s cultural and artistic side. Egypt
More prisoners released in Egypt ahead of national dialogue A number of political detainees have been released in preparation for the start of a comprehensive dialogue between the government and the opposition. Egypt
Egypt’s first dog cafe opens Ola Loutfi established the first cafe for dogs in Egypt offering dog owners a place to go with their four-legged friends. Egypt
How OPEC+ production cut will impact Egypt Experts say the OPEC+ decision to cut oil production won't hit Egypt as hard as some other countries. Egypt
Amazon Egypt launches page for Egyptian handicrafts Amazon Egypt launched a new page for thousands of Egyptian handicrafts and heritage products, with the aim of supporting and encouraging Egyptian products. Egypt
Russian referendums strain Egypt-Ukraine ties Egypt denies sending observers to monitor the Russian referendums on illegally annexing four regions in Ukraine. Egypt
Can coffee be grown in Egypt? Decades of experiments have proven that coffee crops can be grown on Egyptian soil. Egypt
Egyptian archaeologists call for British Museum to return Rosetta stone Egyptian archaeologists have launched campaigns to reclaim the Rosetta stone from the British Museum 200 years after it was deciphered. Egypt
Inside Egypt’s first climate-friendly farm Tulima Farms in the Nile Delta relies on climate-friendly mechanisms to promote agriculture that adapts to climate change and relies on less water consumption amid a looming water crisis in Egypt. Egypt
Egypt, Sudan joint committee resume talks on Nile waters The Permanent Joint Technical Commission for Nile Waters between Egypt and Sudan has convened after a four-year hiatus amid the stalled negotiations over Ethiopia’s controversial Nile dam. Egypt
