Egypt Finance Headlines

Ramadan: Egypt unveils EGP 200bn support package to combat rising costs

In a bid to alleviate the burden of rising living costs on citizens, the Egyptian government has announced a substantial EGP 200 billion social support package, which will be implemented during Ramadan and extended into the upcoming fiscal year. Prime Minister Mostafa Madbouly revealed the details of the new initiative on Wednesday February 26, which […]

Egypt Headlines

Libya: Author of assassination attempt on Cabinet Minister Adel Juma identified

The Attorney General’s Office revealed on Tuesday February 25 that the Public Prosecutor has successfully identified the individual responsible for the recent assassination attempt on Cabinet Minister, Adel Juma. The prosecutor confirmed that the suspect had fled the country to neighboring Tunisia. The Public Prosecutor has issued an arrest warrant and taken steps to apprehend […]

Asia Egypt Headlines International

Syria’s new president invited to attend emergency Arab summit

Syria’s newly appointed President, Ahmed al-Sharaa, has received an invitation from Egyptian President Abdel Fattah el-Sissi to attend an emergency Arab League summit in Cairo on March 4, as confirmed by a statement from the Syrian presidency on Sunday February 23. This marks a significant development in Syria’s efforts to rebuild its relationships with the […]

Asia Business Egypt Energy Headlines International

Acwa Power to Build Major Wind Power Plant in Egypt in $2.3 Billion Deal

Acwa Power, the Saudi renewable energy giant, has announced tthis week hat plans are underway to build, own, and operate a 2-gigawatt (GW) wind power plant in South Hurghada, Egypt. This large-scale facility, which is expected to generate enough electricity to power nearly 2 million homes, is part of the company’s ongoing expansion into the […]

Egypt

Tragic collapse of residential building in Cairo, 10 fatalities

A devastating building collapse in Kerdasa, a working-class district on the outskirts of Cairo, has resulted in at least 10 fatalities and left eight others injured on Monday February 17, according to reports from Egyptian state media. Authorities indicated that additional individuals may be trapped beneath the rubble, though their identities remain unknown at present. […]

Culture Egypt Headlines

Discovery of 30-Million-Year-Old Apex Predator Fossil Sheds Light on Prehistoric Carnivores

A rare fossil uncovered in Egypt’s Fayum Desert has led to the identification of a new species of apex predator, named Bastetodon. This remarkable discovery, published in the Journal of Vertebrate Paleontology, offers fresh insights into the evolution of ancient carnivorous mammals that once dominated African ecosystems. The fossil belongs to the hyaenodonts, an extinct […]

Americas Asia Community Egypt Headlines International

Egypt to present alternative Gaza reconstruction plan, Palestinians’ forced displacement rejected by all Arab nations

Egypt has announced on Wednesday February 12 that it is working on a comprehensive plan for the reconstruction of Gaza that ensures Palestinians can remain on their land, rejecting a controversial proposal put forward by US President Donald Trump that no Arab nation supports. Egyptian Foreign minister Abdelatty Badr expressed his country’s intention to cooperate […]

Egypt Emerging Markets Finance Headlines

Egypt’s urban inflation sees slight dip, yet pressures persist

Egypt’s urban inflation rate has experienced a slight reduction for the fourth consecutive month, falling to 24% in January, according to the Central Agency for Public Mobilization and Statistics (CAPMAS) on February 10. This marks a modest decline from the 24.1% recorded in December 2024. On a year-on-year comparison, inflation has dropped by 0.8 percentage […]

Culture Egypt Headlines Lifestyle

Turkey returns 152 Egyptian artifacts after seizing stolen cultural assets

Turkish authorities have successfully returned 152 cultural artifacts of Egyptian origin after they were seized during a search of a foreigner’s home in Turkey. The items, including figurines, seals, and amulets dating from 4000 B.C. to the 1st century, were identified by experts from the Fethiye Museum as being unlawfully acquired. Legal action was promptly […]

Asia Egypt Headlines International

Egypt vows to rebuild Gaza without displacing Palestinians

Egypt has reaffirmed on Sunday February 2 its commitment to the reconstruction of the war-ravaged Gaza Strip, stating that its efforts will ensure Palestinians are not displaced from their land. Speaking at a news conference in Cairo, Foreign Minister Badr Abdelatty emphasized that Egypt has a “clear vision” for Gaza’s rebuilding, which includes fulfilling the […]