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 households turn to credit as inflation bites In the past, locals used to buy only durables in installments. Today, breadwinners buy clothes, schoolbooks, stationery and groceries on credit. Egypt
Egyptian camel racing returns to northern Sinai after 14-year hiatus After a 14-year hiatus, the Egyptian state resumed camel racing in el-Arish in north Sinai, in a bid to show that security and stability have returned to the governorate after the Egyptian army had been fighting an insurgency led by terrorist groups for years. Egypt
UAE, Egypt partner on sustainable waste management in Sharm el-Sheikh The partnership between BEEAH Group and Green Planet comes in advance of Egypt hosting a UN climate change conference. Egypt
Egypt warns of stalemate in Nile dam dispute Egypt called for the resumption of negotiations over the disputed Grand Ethiopian Renaissance Dam as soon as possible, and warned against the stalemate in the talks. Egypt
UN envoy welcomes climate spotlight on Egypt, Africa "Africa is bringing solutions," said Mahmoud Mohieldin, the UN Climate Change High Level Champion for Egypt, in an exclusive interview with Al-Monitor. Egypt
Egypt explores production of green fuels for ships Egypt plans to cooperate with the Maersk global shipping group to establish a national network to produce and distribute green fuel for ships, depending on new and renewable energy sources, as the country gears up to host the COP27 climate summit. Egypt
Egypt, Tanzania push ahead on Julius Nyerere dam project Egypt is working to consolidate its influence in Central and East Africa amid the stalled negotiations over the Grand Ethiopian Renaissance Dam. Egypt
Not enough to declare intentions on two state solution, says Egypt’s foreign minister Sameh Shoukry, in an exclusive interview with Al-Monitor, says Egypt “will do everything possible to protect our interests” in the Nile Dam dispute with Ethiopia. Egypt
Egyptian archaeologists discover coins from different reigns of Islamic rulers An Egyptian archaeological mission in southern Egypt found coins dating back to the Islamic era, while experts believe a mint shop was there. Egypt
Egyptian coal factory shuts down in lead-up to COP27 El-Nasr Company for Coke and Chemicals was liquidated recently, less than a year after another industry and steel company was closed down, as the Egyptian government seeks to abandon coal in its factories and rely more on clean energy. Egypt
Egypt eyes bid to host 2036 Olympic Games Egypt hopes to become the first African host of the Olympic Games, relying on support from the president of the International Olympic Committee to stage the global event. Egypt
Egypt invests Suez Canal revenues in three yacht ports President Abdel Fattah al-Sisi announced that three yacht ports will be established from the revenues of the Suez Canal, in a bid to stimulate tourism to support the national economy. Egypt
