Egypt raises interest rates to end 2022

Inflation continues to increase in Egypt and the Central Bank is uncertain about 2023.

Egypt

Culture

Egypt's few remaining Jews celebrate Hanukkah

Hanukkah was celebrated amid tight security in Cairo's Meyr Biton Synagogue. Yet Magda Haroun, head of Egypt's tiny Jewish community, looks forward to the day when all of Egypt's synagogues will be open for prayer and celebrations.

Egypt

China emerges as lead funder for Egypt's new administrative city  

This month, President Xi reaffirmed China’s commitment to the project in a meeting with Egypt's president on the sidelines of a Saudi summit. But that commitment may be tested in the coming months as Egypt’s loans come due.

Egypt

Large gas field discovery brings Egypt closer to energy hub goal

A newly discovered gas field is making Egypt's energy exporter hub vision more of a reality.

Egypt

Egypt’s Sisi gets warm welcome at Pentagon as Cairo assumes naval role

Egypt took charge of Combined Task Force 153 on Monday as the Pentagon seeks to economize its footprint in the Middle East.

Egypt

World Bank says debt increasing in Middle East countries

Egypt, Iran and Turkey’s debt rose significantly last year.

Legacy: Gulf

Egypt’s trade with Nile Basin countries jumps amid Ethiopia dam crisis

Cairo’s exports and imports with the region increased substantially in 2021, but they still represent a small portion of the total and growth remains uneven.

Egypt

Biden rebooting relations with Africa at summit, ahead of 2023 visit

Countries in the region have received little attention from US officials in the run-up to the meeting, as Washington neglected the continent and is lagging in its influence compared to Russia and China.

Egypt

Egypt’s non-oil private sector records two years of contraction

The last time the Purchasing Managers Index, which offers insight into the private sector, recorded expansion in Egypt's economy was back in November 2020.

Egypt

In press freedom index, Middle Eastern countries go from bad to worse

Press freedom and journalist safety remain “very bad” in the majority of the Middle East and North Africa nations, Reporters Without Borders' 2022 index shows.

Syria

Culture

Egyptian cafes see higher revenues during World Cup

The World Cup in Qatar has boosted revenues of Egyptian cafes, as many supporters flock there to watch the games, due to the increasing subscription of beIN Sports channel.

Egypt

Egypt embarks on new plans to develop river transport on Nile River

Cairo has recently passed legal reforms to reorganize the river sector, which still remains marginal, in hopes this will catalyze much-needed private investments

Egypt