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The Latest Breaking News from Egypt

Egypt Sees Budget Deficit Narrowing to 5.6% of GDP this Year

Egypt expects more progress on reducing its budget deficit this year and a foresees a decline in its debt ratio after currency devaluations caused it to rise last year, Finance Minister Mohamed Maait told a news conference on Monday. The deficit was expected to narrow to 5.6% of gross domestic…

Asharq Al-Awsat

Egypt Records 6.56% Increase in Manufacturing Production in June

Preliminary data on Egypt’s manufacturing and extractive industries production showed that the sector grew by 6.56 percent on a month-on-month basis in June 2022, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The manufacturing and extractive industries index — excluding crude oil and petroleum products — reached…

Asharq Al-Awsat

Power Cuts Melt Gaza's Ice Cream Stocks as Heatwave Boosts Demand

Lengthy power cuts in the Gaza Strip have melted stocks of ice cream, forcing shops to stop selling it just when a heatwave has boosted demand. With summer temperatures hitting 34 degrees Celsius (93 Fahrenheit), ice cream is a popular and relatively inexpensive treat in Gaza, home to 2.3 million…

Asharq Al-Awsat

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Egypt Finance Ministry Stresses Flexibility in Handling Global Economic Changes

Egypt’s Finance Minister Mohammed Maait stressed that his country was capable of handling with flexibility the rapid global economic changes that are directly impacting consumers and public policies. He made his remarks on Saturday while presenting the performance indicators for 2021/2022, saying Egypt was one of the few countries that…

Asharq Al-Awsat

African Ministers of Local Development to Meet in Cairo to Discuss the Challenges

African Ministers of Local Development plan to hold a three-day conference in Cairo next Monday with the aim of exchanging experiences to face African challenges, review climate change and food security files. The conference will be held under the auspices of Egyptian President Abdel Fattah El Sisi with the participation…

Asharq Al-Awsat

S. Korea Invests $2.2 Billion in New Egypt Nuclear Plant

South Korea signed a $2.2 billion deal with Russia’s state-owned Rosatom to provide buildings and components for a new Egyptian nuclear plant. S. Korea Hydro & Nuclear Power Co.

Asharq Al-Awsat

Egypt COP27 Presidency to Address Water, Food Security

Egypt said food security and water issues will be on is agenda for presidency of the COP27 United Nations Climate Change Conference, which it will host in the Red Sea resort of Sharm El-Sheikh in November. Minister of Environment Yasmine Fouad held talks on Friday with Danish Minister of Climate…

Asharq Al-Awsat

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Some refugees stay in temporary status indefinitely – how they still manage to create homes and communities

More than 6.5 million Ukrainian war refugees are now scattered across Europe and North America, most with temporary emergency residency allowing them to stay in host countries for one to three years.

The Conversation

Egypt, South Sudan Discuss GERD Crisis

Egypt’s President Abdel Fattah al-Sisi held talks with South Sudan’s presidential advisor on security affairs Tut Gatluak in Cairo on Thursday. Presidential spokesman, Bassam Rady, said Gatluak handed Sisi a letter from his South Sudanese counterpart, Salva Kiir, that reviewed the latest political developments and bilateral ties, as well as…

Asharq Al-Awsat

Egypt's Economy Grows 6.6 % in 21/22

Egypt's economy grew 6.6 percent during the fiscal year 2021/2022, compared to a growth rate of 3.3 percent in the previous year, announced the Minister of Planning Hala al-Said. During a cabinet meeting in New Alamein City, Said reviewed indicators of the national economy's performance during the last fiscal year.…

Asharq Al-Awsat

Egypt Urges Increase in Int'l Funds to Tackle Climate Change

Egypt requested on Thursday an increase in finances from developed countries to address climate change in countries that currently suffer from fires, high temperature and floods. Egypt is hosting the 27th session of the Conference of the Parties (COP27) in Sharm El Sheikh in November. Minister of Environment Yasmine Fouad…

Asharq Al-Awsat

Egypt Central Bank Increases Cash Withdrawal Limits

Egypt's central bank on Thursday increased the maximum amount of cash customers are allowed to withdraw from their bank accounts and removed restrictions on how much they could deposit entirely. Under a rule put in place in April 2020, the central bank restricted withdrawals to 50,000 Egyptian pounds ($2,600), but…

Asharq Al-Awsat

S.Korea signs $2.25 billion deal with Russia nuclear company

South Korea has signed a $2.25 billion deal with a Russian state-run nuclear energy company to provide components for Egypt’s first nuclear power plant

The Independent UK

Egypt to Stimulate Intra-regional Trade with Jordan

Egypt’s Finance Minister Mohamed Maait called for maximizing cooperation efforts and joint work with Jordan to overcome obstacles and revitalize intra-trade movement. A press statement issued by the Egyptian Ministry of Finance said that Maait reviewed on Wednesday the results of the meetings between the head of the Customs Authority,…

Asharq Al-Awsat

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The Guardian - UK

Egyptian NGOs complain of being shut out of Cop27 climate summit

Civil society groups say covert screening process excluded government’s critics

Wales Online

Urgent shisha smoke warning for holidaymakers heading to popular destinations

Shisha smoking is seen as an important social activity with the most popular resorts in Turkey, Dubai, Egypt and Morocco

Reuters

Fatal stabbings highlight violence against women in Egypt

A series of violent crimes against women in Egypt has drawn attention to gaps in legal and social protections that leave female citizens vulnerable to attacks and harassment, victims and activists say.

Asharq Al-Awsat

‘I Dedicated my Life to Art, and I Didn’t Lose,’ Lebleba Tells Asharq Al-Awsat

Egyptian star actress Lebleba cried when she knew she will be honored during Cairo International Film Festival with the Golden Pyramid Honorary Award for Lifetime Achievement. Lebleba heard the news from Egyptian actor Hussein Fahmy, president of the Cairo International Film Festival. During an interview with Asharq Al-Awsat, the Egyptian…

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Asharq Al-Awsat

Alamein Meeting Discusses Means to Consolidate Regional Security, Stability

The leaders of Egypt, Bahrain, the United Arab Emirates and Jordan reiterated on Tuesday their support for efforts to consolidate security and stability in the region. Egyptian President Abdel Fattah al-Sisi held talks with Bahrain’s King Hamad bin Isa Al Khalifa, UAE President Sheikh Mohamed bin Zayed Al Nahyan and…

Asharq Al-Awsat

Egyptian Remittances Increase 1.6%

The Central Bank of Egypt (CBE) said that the Egyptian remittances increased 1.6% to about $31.9 billion during fiscal year (FY) 2021/22, compared to about $31.4bn last year. The CBE said on Tuesday that the period from April to June 2022 witnessed an increase in those transfers by 3%, to…

The Independent UK

Charles announces forum seeking to build a sustainable future

The forum is to take place at this year’s Cop27 climate talks in Egypt.

Asharq Al-Awsat

Egypt's GASC Directly Buys 240,000 T of Russian Wheat

Egypt's state grains buyer directly purchased 240,000 tons of Russian wheat on Monday, the supply ministry said in a statement to Reuters, continuing its recent trend of buying without issuing international tenders. The General Authority for Supply Commodities (GASC) bought six 40,000 tons-cargoes on a cost and freight basis, with…

Daily Mirror

Family forced to ditch 'ray of light' holidays due to cost of living crisis

Alex Handley, from Aylesford, Kent, took his children and wife away to Spain, Portugal and Egypt before the pandemic, but now can't afford a holiday due to the rising cost of living

Asharq Al-Awsat

Kadhimi Cuts Short Egypt Visit, Urges Calm after Cleric Sadr Fuels Political Crisis

Iraqi Prime Minister Mustafa al-Kadhimi cut short a trip to Egypt after supporters of an influential Shiite cleric in Iraq rallied on Tuesday in Baghdad’s heavily-fortified Green Zone, demanding the dissolution of parliament and early elections. Kadhimi warned that disrupting the work of the judicial institution exposes the country to…

Asharq Al-Awsat

Nazik al-Malaika’s ‘Cholera’ and Free Verse Poetry

Critic Muhammad Abdul Muttalib published a new book, “Poetry Reading”, in collaboration with the General Egyptian Book Authority. It includes readings of selected poems written by classic poets like Ahmed Shawqi, and Elia Abu Madi.

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