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The Latest Breaking News from Egypt

Egypt's Sisi heads to India amid investment push

Egyptian President Abdel Fattah al-Sisi begins a visit to India on Wednesday where he will meet business leaders and be a guest of honour at India's Jan. 26 Republic Day.

Reuters

Mummified Egyptian ‘golden boy’ was buried with 49 amulets and other treasures, scans show

Some of the amulets are made of gold, while others are of semi-precious stones and fired clay

The Independent UK

Egypt's Sisi Backs National Projects, Rejects Claims Economic Crisis Caused by Domestic Policies

Egyptian President Abdel Fattah al-Sisi rejected "misleading claims" that said the global economic crisis was only limited to Egypt and caused by domestic policies. He also defended national projects, saying they were the basis for achieving comprehensive economic development and expressed his confidence in Egypt's ability to overcome the crisis.…

Asharq Al-Awsat

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Mummified ‘golden boy’ found with 49 amulets to speed journey to afterlife

The mummified body of a wealthy Egyptian teenager has been ‘digitally unwrapped’ by scientists.

The Independent UK

Digital scan unwraps secrets of mummy from 2,300 years ago

Team at Cairo University conclude teenager was rich and he may point to evidence non-Egyptians were mummified

The Guardian - UK

Ancient Egyptian limestone relief of female musicians at risk of leaving UK

The artwork is thought to have been created between 1351 and 1334 BC.

The Independent UK

Last-minute winter sun deals from £42 a night including Turkey, Egypt and Malta

Last minute holidays deals for less than £500 to Turkey, Greece, Malta, the Canary Islands, Portugal, Turkey, Egypt and Morocco that guarantee a little winter warmth can be bagged

Daily Mirror

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Egypt to Establish Stable Tax System, Clear Investment Incentives

Egypt is currently developing several proposals to improve its investment climate, including a stable tax system and clear investment incentives, announced the CEO of the General Authority for Investment and Free Zones, Hossam Haiba. Egyptian Prime Minister Mostafa Madbouly met with Haiba and the accompanying delegation and reviewed some procedures…

Asharq Al-Awsat

Egypt Signs $1.5 Bln Financing Agreement with ITFC

Egypt has signed a $1.5 billion financing agreement with the International Islamic Trade Finance Corporation (ITFC). The deal aims to fund Egypt's trade needs, including for importing energy products and essential commodities, CNBC Arabia wrote on Twitter, citing the ITFC’s chief executive officer. Last year Egypt signed a similar agreement,…

Asharq Al-Awsat

Can reading help heal us and process our emotions – or is that just a story we tell ourselves?

The oldest known library, dating back to the second millennium BC, in Thebes, Egypt, reportedly bore a sign above its portals in Greek: Psyches Iatreion, translated as “healing place of the soul”.

The Conversation

Italy’s FM Meets with Egyptian Officials on Migration, Libya

Italy’s chief diplomat held talks Sunday with Egyptian and Arab League officials in Cairo that focused on regional security and the conflict in neighboring Libya, as well as bilateral issues. Foreign Minister Antonio Tajani said his meeting with President Abdel Fattah al-Sisi covered energy security and economic cooperation in the…

Asharq Al-Awsat

Italy's foreign minister eyes migration, energy on trip to Cairo

Italy's Foreign Minister said on Sunday his country saw Egypt as an important partner in stemming irregular migration across the Mediterranean and in bolstering its energy security.

Reuters

Italy's FM meets with Egyptian officials on migration, Libya

Italy’s chief diplomat has held talks Sunday with Egyptian officials in Cairo that focused on ties between the two countries, migration, and the political stalemate in the conflict-stricken Libya

The Independent UK

Egypt, Sudan Seek to Boost Water Cooperation

Egypt and Sudan stressed on Saturday joint cooperation to address water resources and develop the work of the Egyptian-Sudanese Technical Authority for Nile water. Egypt's Minister of Irrigation and Water Resources Hani Sweilam met with his Sudanese counterpart Daw Al-Bait Abdul-Rahman in Khartoum. Sweilam hailed the deeply-rooted ties linking Egypt…

Asharq Al-Awsat

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Reuters

Founder of Egypt’s Juhayna Food Industries and his son released from prison

The founder and former CEO of Juhayna Food Industries and his son were released from prison in Egypt on Saturday after about two years in detention, according to a judicial source and a family member.

Asharq Al-Awsat

Egypt Says Nasrallah’s Statements About Economy Are 'Nonsense'

Spokesman for Egypt’s Ministry of Foreign Affairs Ahmed Abu Zeid on Friday called remarks by Hezbollah Secretary-General Hassan Nasrallah about the economic situation in Egypt “nonsense” and “an attempt to recall fake heroism.” Nasrallah’s statements are likely linked to Egypt snubbing Iranian attempts to open channels for communication between Cairo…

Asharq Al-Awsat

Fitch: Egyptian Banks’ Capital Ratios Can Withstand Further EGP Depreciation

Fitch Ratings lauded the agreement between the Egyptian government and the International Monetary Fund (IMF) in which Egypt secures a $3 billion loan over 46 months. Fitch Ratings added also said that Egyptian banks’ regulatory capital ratios can withstand further Egyptian pound depreciation as they are supported by healthy internal…

Al Jazeera

Middle East round-up: Egypt economy pounded

Here’s a round-up of Al Jazeera’s Middle East coverage this week.

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news in one place.

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Asharq Al-Awsat

Egyptian Exports Grow to $54 Bln

Egyptian Prime Minister Mostafa Madbouly said Wednesday initial figures show that Egyptian exports reached $53.8 billion in 2022, an increase of 20 percent from last year. For his part, Egyptian Minister of Trade and Industry Ahmed Samir stated that despite the challenging global circumstances, the non-petroleum exports of Egypt registered…

WEKU

Nemat Shafik is named the first woman to be president at Columbia University

Shafik, who was born in Egypt and grew up in the United States, has extensive experience across global financial institutions and higher education.

Asharq Al-Awsat

Egypt Sees High Demand from Investors after Currency Drop

Egypt is seeing good investor appetite for stakes in its state-owned enterprises, the country's planning minister said on Wednesday, as the government pursues partial privatizations to drum up funds after a sharp fall in the value of its currency. Egypt, faced with a currency crunch exacerbated by the war in…

Asharq Al-Awsat

Egyptian-Jordanian-Palestinian Summit Rejects ‘Israeli Unilateralism’

Egyptian President Abdel Fattah al-Sisi hosted on Tuesday Jordanian King Abdullah II and Palestinian President Mahmoud Abbas at a tripartite summit in Cairo to discuss the Palestinian issue. The summit was held in wake of recent developments in the occupied Palestinian territories and the regional and international situations related to…

Asharq Al-Awsat

Egypt Tackles Saudi Investors Problems in Real Estate, Industrial Projects

Egyptian Prime Minister Mostafa Madbouly stressed the importance his government attaches to solving problems that local and foreign investors face, as well as creating a more attractive climate for investments in the country. In remarks during a meeting with a group of Saudi investors in Egypt on Tuesday, Madbouly said…

Al Jazeera

As economic crisis deepens, will Egypt slow megaprojects down?

The IMF announced an ambitious reform programme for Egypt’s economy, but analysts cast doubt on its effectiveness.

Asharq Al-Awsat

Young Egyptians Battle Plastic Plague

Entrepreneurial young Egyptians are helping combat their country's huge plastic waste problem by recycling junk-food wrappers, water bottles and similar garbage that usually ends up in landfills or the Nile. At a factory on the outskirts of Cairo, run by their startup TileGreen, noisy machines gobble up huge amounts of…

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Hossein Amirabdollahian

Nemat Minouche Shafik

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