Egypt’s non-oil exports up 20% at start of 2022

Egypt’s main exports are related to oil and the non-oil sector has been hurt by the war in Ukraine.

Egypt

Culture

Egypt to restore historic synagogue

The Egyptian government announced the launch of restoration works at the Ben Ezra Synagogue in Old Cairo, as part of efforts to revive Jewish heritage and attract more tourists to the country.

Egypt

Egypt, Russia discuss next steps for nuclear power plant

Despite the ongoing war between Russia and Ukraine and sanctions imposed on Moscow, a Russian delegation visited Egypt to inspect the construction work at the Dabaa nuclear plant.

Egypt

Egypt wants shipping agencies to deal in pounds amid dollar flight

After Egypt’s currency devaluation in March, the Egyptian government hopes to ease the strain on its banking system by mandating that international shipping agencies accept Egyptian pounds instead of US dollars as payment.

Egypt

Will sanctioned Russian oligarchs find haven in Egypt?

Its current economic hardships may prompt Cairo to double down on investments with Russia.

Egypt

UAE investments boost Egyptian economy

The United Arab Emirates is seeking profits by investing $2 billion in Egyptian state-held stakes in some companies.

Egypt

Egyptian Christians alarmed by murder of Alexandria priest

The recent stabbing death of a priest in the northern coastal city of Alexandria has spread fear among Christians.

Egypt

Fitch gives Egypt ‘stable’ debt rating, citing reforms

Egypt is pursuing deregulation and tax reforms to some success, but the war in Ukraine has severely hurt the country’s economy.

Egypt

Egyptians outraged over Israeli festivals in Sinai

Two music festivals organized by Israel in the Sinai Peninsula have raised the ire of Egyptians as they coincided with the anniversary of the liberation of Sinai.

Egypt

Buyers rush to purchase Egyptian real estate as prices rise

Egypt

German bank to fund Aswan Dam, construction of solar plant in Egypt

The Aswan Dam provides half of Egypt’s power supply. Egypt is also working to increase its use of solar power.

Egypt

Egypt welcomes return of Qatari investments

As Qatari money flows back into Egypt, the question now is how these potentially game-changing foreign investments will be directed.

Egypt