Latest Egypt News

Egypt Central Bank: Pound slips to new low against dollar

Jan. 30, 2023 11:17 AM EST

CAIRO (AP) — The Egyptian pound dipped to a new low Monday of just over 30 for $1, as the cash-strapped North African country continues to battle surging inflation and foreign currency shortages, authorities said. The landmark slide in Egypt's Central Bank selling rate is the...

Egypt unveils tombs and sarcophagus in new excavation

Jan. 26, 2023 11:49 AM EST

SAQQARA, Egypt (AP) — Egypt on Thursday unveiled dozens of new archaeological discoveries, including two ancient tombs, at a Pharaonic necropolis just outside of the capital Cairo. The artefacts, unearthed during a year-long excavation, were found beneath an ancient stone enclosure...

India, Egypt to promote trade, investment, fight terrorism

Jan. 25, 2023 05:42 AM EST

NEW DELHI (AP) — India and Egypt agreed Wednesday to boost trade between their countries during a visit by the Egyptian president that underscores Prime Minister Narendra Modi’s efforts to fortify ties with other emerging economies. Modi and President Abdel Fattah El-Sissi...

Italy's FM meets with Egyptian officials on migration, Libya

Jan. 22, 2023 11:23 AM EST

CAIRO (AP) — Italy’s chief diplomat held talks Sunday with Egyptian and Arab League officials in Cairo that focused on regional security and the conflict in neighboring Libya, as well as sensitive bilateral issues. Foreign Minister Antonio Tajani said he raised with Egypt's...

Egypt frees businessman, son after 2 years of detention

Jan. 22, 2023 03:08 AM EST

CAIRO (AP) — Egyptian authorities released a prominent businessman and his son after more than two years in pre-trial detention while officials investigated possible terrorism-related charges, their family said. Safwan Thabet, founder and former CEO of dairy and juice producer...

Egypt hands out life jail terms in trial over 2019 protests

Jan. 15, 2023 13:50 PM EST

CAIRO (AP) — An Egyptian court on Sunday handed down life prison sentences to 38 people, including a self-exiled businessman whose social media posts helped to spark anti-government protests. Public protests are rare in Egypt where President Abdel Fattah el-Sissi has overseen a...

Rounding off Africa tour, China's top diplomat visits Egypt

Jan. 15, 2023 13:48 PM EST

CAIRO (AP) — China’s chief diplomat was in Cairo Sunday for talks with Egyptian and Arab League officials, marking his last stop in a multi-leg trip to Africa that aims to consolidate Beijing's footprint across the resource-rich continent. Foreign Minister Qin Gang met separately...

Italian energy company says new gas discovered off Egypt

Jan. 15, 2023 08:16 AM EST

ROME (AP) — Italian energy giant Eni announced Sunday what it described as a significant gas discovery offshore of Egypt in the eastern Mediterranean. Eni said the discovery at the Nargis-1 exploration well was made in the Nargis offshore area concession. Eni said...

Egypt's inflation surges on amid currency's dramatic slide

Jan. 10, 2023 15:47 PM EST

CAIRO (AP) — Egypt continues to battle surging inflation amid a dramatic slide of its currency as many Egyptians struggle with price hikes, the country’s statistics bureau said Tuesday. The state-run Central Agency for Mobilization and Statistics released figures showing that the...

Cargo ship goes aground, is refloated in Egypt's Suez Canal

Jan. 09, 2023 13:20 PM EST

CAIRO (AP) — A cargo ship carrying corn that went aground early on Monday in the Suez Canal was refloated and traffic through the crucial waterway was restored, Egyptian authorities said. According to Adm. Ossama Rabei, head of the Suez Canal Authority, the Marshall Islands-flagged...