Analysis Egyptians in for another expensive Ramadan despite recovering economy Egyptians tend to spend more during the Islamic holy month relative to the rest of the year, but high inflation and low wages have reduced their purchasing power. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Culture Harassment on Cairo bus revives debate over women’s rights in Egypt Police released a man who was accused of stalking and harassing a young woman who filmed her encounter with the suspect on a bus. Egypt
MBZ hosts Sisi as Saudi Arabia and UAE jockey for regional influence Economic ties between Egypt and the UAE are strengthening thanks to large Emirati investments in the North African country. Egypt
Arms production to air defense: Inside $350M Egypt-Turkey military pact Ankara and Cairo's military framework agreement goes beyond arms sales, reflecting a gradual strategic convergence that includes intelligence sharing in third countries. Turkey
Culture Egypt restores Golden Shrine at ancient temple in Luxor The Egyptian Ministry of Tourism and Antiquities announced the completion of restoration works at the Golden Shrine in the Temple of Habu in Luxor, built in memory of King Ramses III. Egypt
Tracker: ships carry grain from Ukraine to Middle East Ships have left Ukraine for Turkey, Iran and elsewhere since the agreement between Ukraine and Russia on safe passage through the Black Sea. Turkey
Shipping giant Maersk to invest $500 million in Suez Canal The investment comes as the canal strives to go green following record-setting revenues. Egypt
Egypt to mobilize investments for climate projects ahead of COP27 The first regional forum organized by the Egyptian presidency of the UNFCCC COP27, among five forums aimed at encouraging investment in climate action, kicked off in Addis Ababa Aug. 2. Egypt
Saudi Arabia secures funding for electricity interconnection with Egypt Egypt just approved a plan to ration electricity, though the government said there is not a shortage of power. Egypt
Saudi Arabia’s Public Investment Fund acquires stakes in Egyptian state-owned firms The acquisitions help make good on Saudi Arabia’s pledge to invest billions in Egypt. Saudi Arabia
Here's how the latest US rate hike will impact Egypt's economy A stronger US dollar will inevitably drive higher import costs, and subsequently prices, in the most populous Arab country, yet could eventually provide a boost to the local currency with an increase in exports. Egypt
Lavrov sidesteps Nile dam dispute in meetings in Egypt, Ethiopia Russia’s Foreign Minister Sergey Lavrov seems to have avoided the GERD issue, instead focusing on his country’s relations with Egypt, Ethiopia and other African countries. Egypt
Egypt creates independent fund for Suez Canal Egypt has established a new fund for the Suez Canal manage its own revenues independently. Egypt
Egypt-China ties strengthen with recent deals China is also getting closer to Saudi Arabia, Iran and other countries in the region, primarily through economic cooperation. Egypt
Downward spiral causes crash in Egypt’s gold prices Gold prices sharply dropped in Egypt amid a drop of global prices after the US Federal Reserve hiked interest rates. Egypt
Egypt, China expand climate cooperation ahead of COP27 As Egypt prepares to host the COP27 conference, it's getting help from China to transform Sharm el-Sheikh into a green city. Egypt