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Egypt

April 24, 2026

Cairo 2:07 pm

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A man walks through the atrium during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 14, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

IMF slashes Mideast outlook by nearly 3 points as Iran war hits economies

The International Monetary Fund cut gross domestic product forecasts for the Middle East and North Africa, with the fallout from the conflict exposing stark divergences between the region’s energy exporters and importers.

Sayed Hassan/Getty Images

Analysis

Egypt eyes energy breakthroughs as Iran war deepens gas crunch

Among countries outside the Gulf conflict's direct line of fire, few have felt the shockwaves as acutely as Egypt.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

A police speed boat patrols the port as oil tankers and high speed crafts sit anchored at Muscat Anchorage near the Strait of Hormuz on March 30, 2026 in Muscat, Oman.

Analysis

Hostage to Hormuz, can Gulf rewire future energy flows to bypass Iran’s chokepoint?

As the US-Israel-Iran war disrupts around 20% of global oil supply, experts point to opportunities and challenges facing a renewed push to develop alternatives to the Strait of Hormuz.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of Nasholim, on Aug. 29, 2022.

Israel energy minister says gas flowing to Egypt, Jordan despite shutdown reports

Israeli Energy Minister Eli Cohen told Al-Monitor that despite security concerns and partial shut down of marine gas platforms, Israel continues to supply gas to Egypt, Jordan and Israeli consumers.

Latest News

Egypt closes stores early, Jordan bans AC as Iran war takes toll

Shops close early, on March 28, 2026, in Cairo, Egypt.

Analysis

Oil-rich Gulf states could face power crunch as Iran war hits energy security

A general view of South Pars gas field facilities in the southern Iranian port town of Assaluyeh, on the Gulf, Nov. 19, 2015.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

How Egypt is navigating limited options in Iran war to stay neutral

US President Donald Trump and President of Egypt Abdel Fattah El-Sisi clasp hands as they speak to the press before their meeting on Oct. 13, 2025, in Sharm el-Sheikh, Egypt.

Analysis

Oil crisis stokes inflation risks for Mideast as Iran war exposes importers

Smoke and flames rise at the site of airstrikes on an oil depot in Tehran on March 7, 2026.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Beatrice Farhat

Associate Editor (Lebanon)

In Beirut, reporting on regional news, culture, conflict

Jonathan Fenton-Harvey

In London, reporting on North Africa and Gulf politics

Mohammed Magdy

In Berlin, reporting on Egyptian politics

Ayah Aman

In Cairo, reporting on politics and culture

Salwa Samir

In Giza, reporting on politics

Nada Shaker

In Cairo, reporting on culture

YASIN AKGUL/AFP via Getty Images

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.

JOHN THYS/AFP via Getty Images

Shipping giant Maersk to invest $500 million in Suez Canal

The investment comes as the canal strives to go green following record-setting revenues.

Egyptian Minister of Foreign Affairs and upcoming Chairman of the COP27 Sameh Shoukry is seen at a press conference after the May Ministerial - World Climate Leaders Meeting, Copenhagen, Denmark, May 13, 2022.

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.

This picture taken on Jan. 13, 2022, shows a view of the Shubra al-Kheima natural gas electrical power station.

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.

A general view of the Egyptian Stock Market in Cairo on Jan. 6, 2013.

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.

People walk past a currency exchange shop displaying a giant US dollar banknote in downtown Cairo on Nov. 3, 2016.

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.

Russia's Minister of Foreign Affairs Sergey Lavrov addresses the public during a press conference at the Russian Embassy, Addis Ababa, Ethiopia, Aug. 02, 2022.

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.

REMKO DE WAAL/ANP/AFP via Getty Images

Egypt creates independent fund for Suez Canal

Egypt has established a new fund for the Suez Canal manage its own revenues independently.

Cutting-edge applications of Artificial Intelligence on display at the Artificial Intelligence Pavilion.

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.

A boy looks at the coins displayed at the exhibition Coins through the Ages at the Egyptian Museum in Cairo, on Aug. 10, 2010.

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.

KHALED DESOUKI/AFP via Getty Images

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.

An Egyptian farmer takes part in the wheat harvest in Bamha village near al-Ayyat town, Giza province, Egypt, May 17, 2022.

Egypt pins hopes on Russia-Ukraine grain agreement

Egypt, especially hit hard by the global food crisis resulting form the Russia-Ukraine war, is hoping for relief via the Black Sea Grain Initiative.