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 training program leads to discovery of Ptolemaic-era tomb A group of archaeologists found a tomb dating back to the Ptolemaic era during their participation in a training program organized by the Ministry of Antiquities in Sohag governorate. Egypt
Coca-Cola to sponsor COP27 in Egypt, sparking criticism The company has been ranked as the world’s top corporate plastic polluter for years and is blamed for spending millions of dollars greenwashing its brand and lobbying to derail regulations. Egypt
UAE goes deeper into metaverse The Emirate of Sharjah’s launch of a metaverse project follows the UAE’s Economy Ministry opening an office in the digital world. United Arab Emirates
Egypt uncovers sarcophagus from reign of Ramses II An Egyptian archaeological mission is learning the secrets of a sarcophagus belonging to a senior statesman during the reign of King Ramses II. Egypt
Russian nuclear energy in the Middle East heats up Karen Young In Washington, DC, reporting on regional energy
Egypt venture capital firm for startups develops solutions to climate change The Climate Resilience Fund targets nature-positive and sustainable projects that address mainly land and sea misuse. Egypt
Egypt restricts dollar withdrawals amid liquidity crunch Egypt’s foreign reserves have fallen considerably amid the economic crisis and Russia-Ukraine war. Egypt
Egypt to push tourism at Qatar World Cup Egypt is offering direct flights from Doha to Egyptian cities during the 2022 FIFA World Cup to lure fans and boost tourism. Egypt
Egypt's released political prisoners get economic aid A presidential initiative puts former political detainees on economic track after their release. Egypt
Egyptian students protest university dress codes Several Egyptian universities have written up dress codes for students to wide anger. Egypt
Egypt freezes Russian MIR payments to avoid US sanctions Acceptance of MIR bank cards would have eased Russian tourists’ payments inside Egyptian hotels and resorts. Egypt
More Egyptian schools to teach Chinese language Egypt is kicking off a pilot project for teaching Mandarin Chinese in Egyptian schools. Egypt
