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The Latest Breaking News from Egypt

World Bank Approves $500 Mln to Expand Social Security in Egypt

The World Bank's executive board has approved $500 million in development financing for Egypt to expand its social safety net and protection program in the face of global economic pressures filtering through to the country's economy, the international cooperation minister said on Friday. The funds will support the government's Takaful…

Asharq Al-Awsat

World Bank approves $500 million to expand social security in Egypt - ministry

The World Bank's executive board has approved $500 million in development financing for Egypt to expand its social safety net and protection programme in the face of global economic pressures filtering through to the country's economy, the international cooperation minister said on Friday.

Reuters

Egypt’s Central Bank Raises Key Interest Rates by 300 bps

Egypt's central bank hiked overnight interest rates by 300 basis points on Thursday, warning that inflationary pressures were building, Reuters reported. The bank's Monetary Policy Committee (MPC) raised the deposit rate to 16.25% and its lending rate to 17.25%, it said in a statement. "The MPC judges that demand side…

Asharq Al-Awsat

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Who is Kareem Ahmed? 15-year-old Egyptian schoolboy who scored on Liverpool debut

Liverpool youth striker Kareem Ahmed scored the winner for the Under-18s after they progressed to the fourth round of the FA Youth Cup

Liverpool Echo

UAE urged to not deport Egyptian-American activist who called for Cop27 protests

Over 20 rights groups sign letter urging UAE to not deport Sherif Osman over fears he could be ‘subjected to torture’

The Independent UK

US Organizing Arab-Israeli Economic Meeting Expected in Early 2023

Consultations are still ongoing over a meeting the United States is planning to hold between Arab countries and Israel in early 2023, revealed informed sources on Wednesday. The sources told Asharq Al-Awsat that the meeting will include Arab countries that have ties with Israel, including Egypt and Jordan. Speaking on…

Asharq Al-Awsat

To attain global climate and biodiversity goals, we must reclaim nature in our cities

The climate and biodiversity crises we have been experiencing for the past few decades are inseparable. The scientific research presented at the back-to-back international summits on climate and biodiversity held in Sharm El-Sheikh in Egypt and in Montréal, Canada, respectively, has made this abundantly clear.

The Conversation

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Egypt holding up Red Sea island deal, sources say

The deal would finalize the transfer of the Tiran and Sanafir islands from Egypt to Saudi Arabia.

Axios

Egypt Looks Forward to Arab Industrial Integration

Egypt’s Minister of Trade and Industry Ahmed Samir inaugurated on Tuesday the 13th Kuwait Week Exhibition in Cairo. More than 60 major Egyptian and Kuwaiti companies have taken part in the two-day event, which is held under the theme “Kuwait in Egypt” and organized by the Kuwaiti embassy in Cairo…

Asharq Al-Awsat

Baghdad Conference for Cooperation and Partnership Stresses Security, Sovereignty of Iraq

The second Baghdad Conference for Cooperation and Partnership stressed on Tuesday support to Iraq as its confronts all challenges, including terrorism. The conference was held at the Dead Sea, Jordan. Hosted by King Abdullah II, it brought together leaders from across the region, as well as officials from Europe, Türkiye…

Asharq Al-Awsat

To activate hope, activate capital

The atmosphere at the end of last month's UN Climate Change Conference (COP27) in Egypt was rather sobering. Russia's invasion of Ukraine has forced countries to turn to thermal coal and other fossil fuels to meet their energy needs, likely postponing the transition to a net-zero economy. But COP27 also…

Bangkok Post

Middle East, Europe Leaders Meet in Jordan on Security in Iraq

Leaders from the Middle East and Europe gathered in Jordan Tuesday in a conference focused on bolstering security and stability in Iraq. The meeting included high-level officials from Saudi Arabia, along with leaders from France, Iraq, Türkiye, Egypt, Kuwait, Bahrain, Oman, Iran and the European Union.

Asharq Al-Awsat

Jordan Hosts Baghdad Conference for Cooperation and Partnership on Tuesday

Jordan will host the second session of the Baghdad Conference for Cooperation and Partnership on Tuesday. The event's first session was held in Baghdad in August last year upon the invitation of King Abdullah II, in coordination with French President Emmanuel Macron and Iraqi Prime Minister Mohammed Shia al-Sudani, who…

Asharq Al-Awsat

Extremely rare 'mummy portraits' of Ancient Egyptians discovered by archaeologists

A collection of extremely rare colour portraits of ancient mummies have been discovered in Egypt, painted directly onto the 2,000-year-old caskets of their owners

Daily Mirror

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Asharq Al-Awsat

Egypt to Expedite Maritime Border Demarcation with Libya

Türkiye has urged Egypt and Libya to launch negotiations to demarcate their maritime border after Cairo announced the delineation of its western border. Egyptian sources said Cairo would swiftly implement its sovereign decision. A source at the Foreign Ministry of the interim Libyan unity government welcomed the “call for negotiation.”…

Asharq Al-Awsat

Egyptians Celebrate ‘Tahteeb’ Game in National Festival

The 12th edition of the Tahteeb National Festival, organized by the General Authority of Culture Palaces, kicked off on Saturday at the Luxor Temple Square in southern Egypt, and will run until December 21. According to a statement by the Luxor Culture Department, the festival overseen by Artist Ahmed al-Sahfei…

Asharq Al-Awsat

Egypt, Jordan Agree to Deepen Cooperation in Various Fields

Egypt’s President Abdel Fattah al-Sisi held a telephone conversation on Saturday with Jordan’s King Abdullah II. According to presidential spokesman Bassam Rady, they agreed to deepen cooperation in different fields and coordinate on regional and international issues. They also exchanged views and insights on regional and international issues of common…

The Independent UK

Economic pain, Turkish strikes drive Syrian Kurds to Europe

A growing number of Syrian Kurds are making the journey to Europe on a circuitous course that includes travel by car and plane across Lebanon, Egypt, Libya, Algeria, then finally by boat to Spain

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The Guardian - UK

‘Life is ebbing away’: Egyptians face peril at sea in dangerous new exodus to Europe

Poverty puts thousands into the grip of people smugglers plying a deadly trade in the Mediterranean

Asharq Al-Awsat

Cabinet: Egypt's New IMF Agreement Aims to Reduce Government Debt

The new International Monetary Fund (IMF) $3 billion financial support package for Egypt aims to reduce government debt to less than 80% of gross domestic product (GDP) in the medium term, a cabinet report released on Saturday said. The fund did not require the Egyptian government to cut spending on…

Al Jazeera

IMF approves $3bn support package for Egypt

The deal aims to reduce government debt and strengthen the social protection network for citizens.

Asharq Al-Awsat

Egypt, Qatar Boost Rapprochement with Intensive Consultations

Egypt and Qatar have boosted their rapprochement through ministerial consultations, proceeding with the reconciliation achieved earlier this year in AlUla in Saudi Arabia. On Thursday, Egyptian Prime Minister Mostafa Madbouly attended a celebration marking the 50th anniversary of the diplomatic relations between Egypt and Qatar. Qatar's Ambassador to Egypt Salem…

Asharq Al-Awsat

IMF Approves $3 Bln Egypt Extended Arrangement

The International Monetary Fund (IMF) executive board has approved a 46-month $3 billion financial support package for Egypt, saying it will catalyze additional funding of about $14 billion, the fund said in a statement. The package, Extended Fund Facility (EFF), includes a flexible exchange rate regime and enhanced social safety…

Daily Mirror

Man who murdered girl, 5, and buried her in bathroom sentenced to death by hanging

Duha Ashraf was murdered out of revenge against her mother, Mona Omar Mohamed, who owed the grocer just £50, a court in Minya, Egypt, heard

The Conversation

Muslim Brotherhood at the crossroads: Where now for Egypt's once-powerful group following leader's death in exile, repression at home?

Ibrahim Munir, the leader of Egypt’s Muslim Brotherhood, died on Nov. 4, 2022, in exile in London. While the news generated few headlines around the world, Munir’s death marks a critical moment in the evolution of a group founded nearly 100 years ago, as a social and religious movement.

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