The Latest Breaking News from Egypt

The Central Bank of Egypt denied on Saturday reports of the resignation of its governor, Tarek Amer, following rumors that he would be part of a government reshuffle. Gamal Negm, the first deputy governor of the Central Bank, dismissed the reports about the resignation, stressing that Amer’s term ends in…

Egypt stressed on Saturday its solidarity with Saudi Arabia in “confronting everything that threatens its security and stability.” A foreign ministry statement said Cairo stands by the Kingdom in confronting all forms of terrorism, violence and extremism. Egypt made its remarks after a man wanted by the Saudi State Security…

The US welcomed the resumption of direct flights between Tripoli and Cairo, which followed similar agreements with other regional capitals. “The United States welcomes the resumption of direct passenger flights between Tripoli and Egypt following similar agreements with other regional capitals,” the US embassy in Libya tweeted. “We encourage and…

Khalifa Said H. Eldeihy worked on residual food items such as soybean cooking oil waste and leaves of radish and sweet potato

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…