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 […]

Americas Asia Features Headlines International

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 […]

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 […]

Asia Community Egypt Headlines International

Egypt: Parliament rejects Palestinians’ relocation plans, warns of regional threat

The Egyptian Parliament has strongly rejected any proposals to relocate the Palestinian people from their land, calling such actions a “grave threat” to regional security and stability. Speaker Hanafi Gebali addressed the issue in a parliamentary session on Monday January 27, emphasizing that the Palestinian cause is not a simple territorial dispute but a matter […]