The Latest Breaking News from Egypt

President Abdel Fattah el-Sissi of Egypt has announced a Cabinet reshuffle to improve his administration's performance as it faces towering economic challenges stemming largely from Russia’s war in Ukraine

A vehicle accident involving an overturned microbus in southern Egypt killed at least nine people and injured 18, authorities said Saturday. The crash took place Friday when the passenger vehicle overturned following a tire blowout on a highway in Minya province 273 kilometers (170 miles) south of the capital Cairo,…

The Saudi Egyptian Investment Company (SEIC), owned by Saudi Arabia's state-owned Public Investment Fund (PIF), has bought minority stakes in four Egyptian companies for $1.3 billion, Egypt's planning ministry said on Wednesday. The companies are Abu Qir Fertizilers and Chemical Industries, Misr Fertilizers Production Company, Alexandria Container and Cargo Handling,…

Strong job market and a slight decline in July inflation reading have raised investor optimism in the market. However, inflation still remains elevated, and the positive economic data might encourage the Fed to consider aggressive rate hikes. Since these factors are expected to keep the market volatile, it could be…

Egypt's annual urban consumer inflation accelerated to 13.6% year-on-year in July from 13.2% in June, data from the country's statistics agency CAPMAS showed on Wednesday. Month on month, headline inflation increased by 1.3%, compared to a 0.1% decrease in June. Among the biggest annual price increases were food and beverages…

Egypt is seeking to increase its hard currency revenues, as a result of the rise in interest rates on the dollar. Egypt’s financing needs are increasing despite record revenues achieved from the Suez Canal Authority, which reached USD 7 billion in the last fiscal year, remittances from Egyptians abroad that…

A Spanish researcher suggested that ancient Egyptians chewed narcotic plants after spotting sexual dimorphism in ancient Egyptian skulls unearthed at the Montuemhat necropolis (TT34), in the Assasif region, in Luxor (southern Egypt). Sexual dimorphism is the systematic difference in form between individuals of different sex in the same species. Researcher…

Emir of Qatar Sheikh Tamim bin Hamad Al Thani telephoned on Tuesday Egypt’s President Abdel Fattah al-Sisi. The talks tackled the bilateral relations between their countries and ways to bolster them. They also addressed the latest regional and international developments, especially those taking place in the Palestinian Gaza Strip.

Egypt has sought to contain attempts to breach the truce it had brokered between Tel Aviv and the Islamic Jihad, amid continued Israeli operations targeting leaders of Palestinian resistance factions, the most recent of which was in Nablus. Egyptian President Abdel Fattah al-Sisi received a telephone call on Tuesday from…