Business Egypt Emerging Markets Headlines Morocco

Morocco, Egypt review trade agreement

Morocco and Egypt are reviewing their free trade deals after Egyptian authorities-imposed restrictions on Morocco’s car exports. The news was confirmed by spokesman for the government Mustapha Baitas who said relations between the two countries were excellent but their trade agreement was being reviewed by trade officials. News outlets from the two countries mentioned that […]

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 […]

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 […]

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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 […]

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Trump’s Gaza annexation plan is ‘worst nightmare’ scenario for Egypt and Jordan

US president Donald Trump’s controversial proposal to ‘take ownership’ of Gaza and forcibly relocate more than 2 million Palestinians has triggered alarm and outrage across the Middle East. Central to the plan is the displacement of Palestinians to neighboring Egypt and Jordan, a move that has put both countries in an increasingly difficult position. The […]

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 […]

Business Emerging Markets Finance

Russia expands its currency trading list to 40 countries, adding Nigeria, Tunisia and Ethiopia

The Kremlin has announced the expansion of the list of “friendly and neutral” African countries whose banks may now trade currencies and derivatives in Russia. By adding Nigeria, Tunisia and Ethiopia to the list, “the number of friendly and neutral countries whose credit institutions and brokers will be allowed to trade on the Russian foreign […]