Will BRICS throw a lifeline to dollar-strapped Egypt?

Economists believe BRICS membership will give Egypt a chance to ease pressure on the dollar, but is not a quick remedy for the country’s economic woes

Egypt

Middle East offers strong market for AI content dubbing

The region is ripe for translated content as Arabic is widely spoken and there is a strong appetite for digital media due to a young population.

Saudi Arabia

Egypt, Iran, Saudi Arabia, UAE to join BRICS

The Shanghai-headquartered New Development Bank, or so-called “BRICS bank”, had already admitted the UAE and Egypt as shareholders.

Iran

Israel to export more gas to Egypt as cooperation grows

Israeli-Egyptian cooperation on gas matters has increased significantly in recent years, despite Egyptian criticism of Israeli policy towards the Palestinians.

Egypt

US shale giant to invest $1.4B in Egyptian fossil fuel projects

At the end of last year, Apache Corp's main interests in Egypt were in the Western Desert with 5.3 million gross acres in six separate concessions.

Egypt

Egypt releases journalist detained over reporting on Zambia plane seizure

A reporter for a local fact-checking site is the latest Egyptian journalist to be arrested over the weekend.

Egypt

Analysis

Russia pushes North African trade area as Ukraine sanctions bite

Russia's influence across North Africa is varied, but regional countries could benefit from discounted Russian hydrocarbons, grain and fertilizer.

By Jack Dutton

In Bristol, reporting on regional business, climate change, AI, tech

Middle East Water Security: Competition heats up as resources become scarcer

The Middle East and North Africa region is “the most water-scarce region in the world” and is home to 11 of the 17 most water-stressed countries globally.

House Democrats urge cuts to Egypt's military aid over rights abuses

The Biden administration will soon decide whether to restrict part of the United States’ annual military assistance to Egypt for the third year in a row.

Egypt

Egypt’s headline inflation hits all-time high of 38.2% in July

Surging food prices helped July’s headline inflation numbers break the record of 36.8% in June.

Egypt

Egypt’s real estate shows strong fundamentals amid economic turmoil, but risk remains

The Egyptian government announced in mid-July that it had begun the procedures to allow foreigners to own as many properties in the country as they want, revoking the existing cap of two.

Marc Español

Egypt’s power cuts persist amid heat, declining natural gas production

Egypt wants to export more natural gas, including in cooperation with neighboring Israel, but domestic production is declining amid the government’s efforts to reduce consumption.

Egypt