The Latest Breaking News from Egypt

Egypt plans to offer three international tenders for oil and gas exploration and production in 2023, Petroleum Minister Tarek El Molla said on Sunday. "Egypt plans to hold three international tenders in 2023 for oil and gas exploration and production," he said at the opening ceremony for the Egypt Petroleum…

Egypt asserted that it adheres to "restraint" despite Ethiopia's "procrastination" in reaching a legal framework regarding the Grand Ethiopia Renaissance Dam (GERD), announced Foreign Minister Sameh Shoukry on Sunday. Shoukry accused some upstream countries of attempting to monopolize and control water resources. Egypt fears the GERD would damage its limited…

Egypt's annual urban consumer price inflation jumped to a higher-than-expected 25.8% in January, data from statistics agency CAPMAS showed on Thursday. The rise from 21.3% in December followed a series of currency devaluations starting in March 2022, a prolonged shortage of foreign currency, and continuing delays in getting imports into…

Egypt has stepped up mediation between Israel and the Palestinians in a bid to tamp down violence in Jerusalem and the occupied West Bank and to prevent its spread to the Gaza Strip ahead of the Muslim holy month of Ramadan, officials said.

Egypt has restored, documented and opened to tourists the Middle Kingdom tomb of Meru, the oldest site accessible to the public on Luxor's West Bank, home to some of its most spectacular Pharaonic monuments including the Valley of the Kings, Reuters reported. Meru was a high-ranking official at the court…

Egyptian President Abdel Fattah al-Sisi sought on Thursday to play down a rare media spat with Saudi Arabia, which recently signalled greater conditionality over financial backing to allies such as Egypt.

Hardly anyone in India, even in Maharashtra, would have heard of a 48-year-old journalist called Shashikant Warishe. On February 6, when Warishe was filling petrol in his two-wheeler in Rajapur, he was “mowed” down, according to newspaper reports, by a vehicle driven by Pandharinath Amberkar. Warishe died the next day…

Egypt’s statistics bureau says inflation hit a new high in January

Egypt's dollar-denominated government bonds fell after Moody's cut the country's credit rating from B2 to B3 late Tuesday. The agency changed its outlook for Egypt to be stable from negative. Egypt has continued to face a shortage of foreign exchange, despite allowing the Egyptian pound to depreciate sharply in the…