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
Egypt claims wheat self-sufficiency despite Ukraine war Over the past three months, Egypt has bought 3.5 million tons of wheat from local farmers as it works to achieve self-sufficiency and weather the effects of the global crisis caused by the Russian war on Ukraine. Egypt
Egypt persuades Israel to extract Gaza’s natural gas Al-Monitor obtained information from Palestinian and Egyptian officials about the success of Egyptian mediation in pushing Israel to allow the start of extracting natural gas off the coast of the Gaza Strip. Egypt
COP27 presents Egypt financing opportunities for sustainable development Egypt is considering dozens of national green and sustainable development projects as part of the government’s plan to adapt to climate change and switch to green sustainable development, as it prepares to host the UN Climate Change Conference. Egypt
Egyptian pound hits nominal record low ahead of IMF deal The global economic storm has put a lot of pressure on the local currency, which nevertheless remains strong against other currencies. Egypt
Egypt softens toward organ donation After years of initiatives and calls for post-mortem organ donation, the Egyptian government is considering establishing an organ registry and expanding organ transplant surgeries. Egypt
Another TikTok star arrested in Egypt A famous TikToker’s arrest sparked widespread reactions in Egypt amid renewed calls to ban the app over content that is deemed contrary to Egyptian values. Egypt
Egypt set to open Ben Ezra Synagogue The Egyptian Ministry of Tourism and Antiquities has announced its intention to open the ancient Ben Ezra Synagogue in Cairo soon, after completing about 95% of restoration works, in a move aimed at revitalizing religious tourism. Egypt
Egyptian archaeologists uncover ancient inscriptions in Temple of Esna The Egyptian-German archaeological mission in Luxor has finished restoring the ceiling of the ancient Esna Temple, as part of a project to restore the shrine and reveal its original colors. Egypt
Egypt ‘primary actor’ in next phase of East Med natural gas development Gerald Kepes In Washington, DC, reporting on regional energy trends
Medusa trend prompts Egyptian women to speak out on sexual assault Egyptian women who have been victims of sexual assault and rape are using the Medusa tattoo trend on social media to tell their stories and make their voices heard. Egypt
Egypt seeks to attract Chinese mobile companies fleeing India Egypt is trying to take advantage of the crisis between Chinese smartphone companies and India by providing incentives to such companies to lure them into investing in the Egyptian market. Egypt
