Egypt

Egypt, Turkey appoint ambassadors to upgrade diplomatic relations

Egypt and Turkey have appointed ambassadors to each other's capitals for the first time in a decade to restore normal diplomatic relations, their foreign ministries announced on Tuesday. The two…

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Ship grounded in Egypt’s Suez Canal, refloat attempts ongoing – Leth Agencies

CAIRO, May 25 (Reuters) - Tugboats are trying to refloat a large ship that has grounded in the Suez Canal, "leaving behind" at least four vessels, shipping agent Leth Agencies said early on Thursday. The…

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North Africa backslides toward swirling debt troubles

Tunisia and Egypt's economic strains have mounted this year FX and bond markets have been turbulent Tunisia's reserves are low while Egypt has mass of debt payments By Marc Jones…

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Egypt hosts Israeli-Palestinian talks in push for pre-Ramadan calm

CAIRO, March 19 (Reuters) - Egypt hosts Israeli and Palestinian officials on Sunday in the resort city of Sharm el-Sheikh in a U.S. and Jordanian backed effort to calm a…

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Egypt non-oil activity contracts for 27th month as prices surge

CAIRO, March 5 (Reuters) - Egypt's non-oil private sector activity shrank for the 27th month in a row in February as surging inflation and obstacles to importing from abroad extended…

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UPDATED: Scientists discover corridor in Great Pyramid of Giza

CAIRO, March 2 (Reuters) - A hidden corridor nine metres (30 feet) long has been discovered close to the main entrance of the 4,500-year-old Great Pyramid of Giza, and this…

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Egypt to use daylight saving time again in a bid to save energy

Egypt will again use daylight saving time this summer after a seven-year gap, the cabinet said on Wednesday, the latest in a series of government efforts to save energy. Last…

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Egyptians lean on instalment payments to cope with inflation

By Sarah El Safty and Mariam Rizk CAIRO (Reuters) - Ahmed Ramadan, a 44-year-old father of three, started using instalment payment services eight months ago after feeling the sting of…

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Turkish firms pledge investments in Egypt as relations thaw

CAIRO, Feb 16 (Reuters) - Turkish companies have committed to $500 million in new investments in Egypt after a visiting business delegation met the prime minister for the first time…

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Egypt’s current account deficit shrinks 20.2% in July-September

CAIRO, Feb 2 (Reuters) - Egypt's current account deficit narrowed by 20.2% to $3.2 billion in the July to September quarter as imports shrank, exports rose and tourism revenue shot…

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Blinken discusses Mideast tensions with Egypt’s Sisi on first leg of tour

U.S. Secretary of State Antony Blinken discussed efforts to de-escalate tensions between Israel and the Palestinians in talks with Egyptian President Abdel Fattah al-Sisi on Monday during a three-day visit…

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Egypt’s soaring prices drive home economic pain

Currency crunch has seen Egyptian pound slide Charities say donations dropping, demand rising IMF deal calls for structural reform, social spending By Mariam Rizk CAIRO (Reuters) - In better times,…

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Eni, Chevron announce new Mediterranean gas discovery

Italian energy group Eni and U.S. energy major Chevron revealed that they had made a new gas discovery in an Egyptian offshore field in the Eastern Mediterranean sea. The Nargis-1…

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Egypt to sell discounted bread to fight inflation

By Sarah El Safty CAIRO, Jan 16 (Reuters) - Egypt's government will start selling discounted bread to people not enrolled in its bread subsidy programme as it battles accelerating inflation,…

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Eni Announces A New Gas Discovery In Eastern Mediterranean Sea, Offshore Egypt

San Donato Milanese (Milan), January 15, 2023 – Eni announces a significant new gas discovery at the Nargis-1 exploration well located in Nargis Offshore Area Concession, in the Eastern Mediterranean Sea,…

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Dollars flow into Egypt currency market after depreciation -bankers

CAIRO, Jan 12 (Reuters) - Hundreds of millions of dollars have flowed through Egypt's interbank market since the central bank allowed the Egyptian pound to depreciate by 13% to a…

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UPDATED: Traffic in Suez Canal normal after ship breakdown dealt with- SCA

CAIRO, Jan 9 (Reuters) - Shipping traffic in the Suez Canal was proceeding normally on Monday after tugs towed a cargo vessel that broke down during its passage through the…

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Rising climate costs to challenge countries, companies in 2023

By Katy Daigle (Reuters) - In a year marked by yet more climate-linked floods, hurricanes and droughts, governments and companies were forced to look more closely at the financial risks…

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Gold price soars in Egypt as local currency weakens

CAIRO (Reuters) - The price of gold in Egypt has risen to unprecedented highs as nervous savers seek refuge from a weakening currency and some companies export bullion to raise…

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Egypt discovers large gas field in Mediterranean

Dec 15 (Reuters) - Egypt has discovered a large gas field named Nargis in the Mediterranean Sea, Petroleum Minister Tarek El Molla Said on Thursday. Evaluation is still ongoing to…

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Egypt’s pound keeps falling on black market ahead of IMF meeting

CAIRO (Reuters) - The gap between the official rate of the Egyptian pound against the dollar and the price on the black market has widened further, putting pressure on Egypt…

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Key takeaways from the COP27 climate summit in Egypt

SHARM EL-SHEIKH, Egypt, Nov 21 (Reuters) - This year's U.N. climate summit featured visits by world leaders, proposals by business leaders, and negotiations by nearly 200 nations about the future…

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COP27 delivers climate fund breakthrough at cost of progress on emissions

By Valerie Volcovici, Dominic Evans and William James SHARM EL-SHEIKH, Egypt, Nov 20 (Reuters) - Countries closed this year's U.N. climate summit on Sunday with a hard-fought deal to create a fund…

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UPDATED: Updated draft COP27 climate treaty published by U.N.

The U.N. climate agency on Saturday published an updated draft of a proposed final agreement for the COP27 summit, fleshing out some key parts of the deal countries are struggling…

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COP27: What are the sticking points to reaching a climate deal?

By Valerie Volcovici (Reuters) - Nations are deeply divided over how - and whether - they can reach a final agreement at the COP27 U.N. climate summit in Egypt. Here…

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UPDATED: COP27 draft climate deal retains 1.5C limit, but many issues unresolved

Limiting warming to 1.5C seen as vital to stop worst impacts Wealthy countries fear endless liability for climate damage Most vulnerable nations call for more financial support Draft appears to…

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COP27 climate talks seen as key to success at next month’s U.N. nature summit

By Gloria Dickie SHARM EL-SHEIKH, Egypt, Nov 16 (Reuters) - With the annual U.N. climate summit in its final week, many of the world's environment ministers assembled in Egypt have…

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Lula offers to host UN climate talks in Brazil’s Amazon

By Jake Spring SHARM EL-SHEIKH, Egypt, Nov 16 (Reuters) - Brazil's Luiz Inacio Lula da Silva received a warm welcome at the COP27 summit in Egypt on Wednesday, where he…

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UPDATED: The world is watching us, says COP27 president, eyeing climate deal

SHARM EL-SHEIKH, Egypt, Nov 14 (Reuters) - Egypt's COP27 President Sameh Shoukry told the climate summit on Monday that he wanted a comprehensive climate deal with "meaningful outcomes" agreed by…

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Germany warns its delegation of Egyptian spies at COP27

BERLIN (Reuters) - German federal police have warned their nation's delegation at the COP27 environmental summit in Egypt that its members may be subject to spying by Egyptian security agents,…

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At COP27 climate talks, slow progress stokes worry over final deal

SHARM EL-SHEIKH, Egypt, Nov 12 (Reuters) - One week into this year's U.N. climate summit in Egypt, frustrations were starting to flare as negotiators worried about resolving myriad details in…

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COP27: nuclear boss doesn’t expect surge in waste recycling

SHARM EL-SHEIKH, Egypt, Nov 10 (Reuters) - Recycling radioactive waste from nuclear power has security and cost challenges but the U.N. International Atomic Energy Agency (IAEA) would be able to…

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EXPLAINER: What the latest U.N. science says about climate change

(Reuters) - At the COP27 conference in Egypt, delegates have at their disposal decades of research into warming trajectories published by the U.N. climate science agency to inform their decisions.…

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COP27-Global CO2 emissions to rise again, climate goals at risk, scientists say

SHARM EL SHEIKH, Egypt, Nov 11 (Reuters) - Global carbon dioxide emissions from burning fossil fuels are on track to rise around 1% this year, scientists said on Friday, warning…

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COP27-World’s dash for natural gas endangers climate goals -report

SHARM EL-SHEIKH, Egypt, Nov 10 (Reuters) - Countries scrambling this year to source more natural gas to replace supplies from Russia are risking years of emissions that could thwart climate…

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COP27: Polluters must pay for climate change, poor nations tell rich

SHARM EL-SHEIKH, Egypt, Nov 8 (Reuters) - Leaders from poor countries criticized wealthy governments and oil companies for driving global warming, using their speeches on Tuesday at the COP27 climate summit in Egypt to…

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TIMELINE: How U.N. climate conferences have tackled global warming

(Reuters) - This year’s U.N. climate conference in Sharm el-Sheikh, Egypt, marks the 27th time since 1995 that world leaders have gathered to confront global warming. But the world has…

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COP27 summit to begin with plea to discuss climate compensation

SHARM EL-SHEIKH, Egypt, Nov 6 (Reuters) - The U.N. climate summit, COP27, opens in Sharm El Sheikh, Egypt on Sunday amid growing calls for rich countries to compensate poorer nations most vulnerable…

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FACTBOX – COP27: Major players at the U.N. climate talks in Egypt

Nov 4 (Reuters) - Each of the 197 signatories to the U.N. Framework Convention on Climate Change (UNFCCC) has its own concerns and interests, which can make reaching any consensus…

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Photo Story: International art exhibition near Giza Pyramids

The sculpture 'Under the same sun' by the artist SPY artist is installed at the international art exhibition 'Forever is Now' near the famous pyramids in Giza, Egypt. 'Art D’Egypte',…

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In COP27 host Egypt, Red Sea coral reefs resilient but under stress

HURGHADA, Egypt, Oct 27 (Reuters) - Egypt hosts next month's COP27 climate summit at a Red Sea resort, where climate change and human activity are threatening one of the world's…

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Egypt’s Suez Canal to offer ships fuelling and catering services

CAIRO (Reuters) - Egypt's Suez Canal Economic Zone will offer new services to ships including fuelling and catering from the first quarter of 2023, state media quoted a Suez Canal…

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EPA’s Eye In The Sky: Cairo, Egypt

The 15 May Bridge crosses over the Nile River in Cairo, Egypt. Photo: EPA-EFE/KHALED ELFIQI

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U.S. to withhold $130 mln of military aid to Egypt over human rights -official

WASHINGTON (Reuters) - The Biden administration has decided to withhold $130 million of foreign military aid to Egypt over its failure to fulfill human rights conditions, U.S. officials said ,…

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Egypt faces currency conundrum as it chases IMF loan

CAIRO, (Reuters) - As Egypt pushes for a new IMF loan it has a choice between letting its overvalued currency weaken gradually and the kind of sharp depreciation it enacted…

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UPDATE- Egyptian church fire kills at least 41, most of them children- sources

CAIRO, Aug 14 (Reuters) - An electrical fire swept through an Egyptian Coptic Christian church during Mass on Sunday, causing a stampede and killing at least 41 people, most of them children,security sources said.…

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Egyptian non-oil sector continues contraction, at slower pace – PMI

CAIRO (Reuters) - Egypt's non-oil private sector activity shrank again in July, but at a slower pace than June's two-year low, as demand remains weakened by inflation and shortages continue to put…

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Photo Story: Black Eagles over Giza

A handout photo made available by the Republic of Korea Air Force shows the South Korean aerobatic flight team, the Black Eagles, staging a performance during the Pyramid Air Show…

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Second woman killed in shark attack in Egypt’s Red Sea

CAIRO (Reuters) - Two women were killed in shark attacks in Egypt's Red Sea, south of the city of Hurghada, the Egyptian Ministry of Environment said on Sunday. Two sources…

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World Bank to give Egypt $500 million to boost food security

CAIRO, June 29 (Reuters) - The World Bank has agreed to provide Egypt with $500 million in development funds to boost food security amid the fallout from the coronavirus pandemic and the…

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Lebanon, Syria, Egypt sign gas import agreement

Lebanon, Syria and Egypt on Tuesday signed an agreement to transfer 650 million cubic metres of gas per year from Egypt to Lebanon via Syria at a ceremony at the…

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Saudi crown prince to visit Egypt on regional tour

Saudi Crown Prince Mohammed bin Salman will visit Egypt on June 20 as part of a regional tour that includes stops in Jordan and Turkey. Prince Mohammed will meet Egyptian…

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Photo Story: New discoveries at Saqqara Necropolis in Giza

Sarcophaguses are presented to the media near a newly discovered burial site at Saqqara Necropolis in Giza, Egypt, 30 May 2022. A collection of 250 wooden painted coffins with mummies…

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Egypt signs €8 billion deal with Siemens for high-speed rail system

Egypt has signed a contract with industrial manufacturing company Siemens' rail and traffic unit and its consortium partners to build about 2,000 kilometres of high-speed railways, the German group said.…

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Suez Canal records highest ever monthly revenue in April

ISMAILIYA, Egypt, May 1 (Reuters) - Egypt's Suez Canal recorded its highest monthly revenue to date in April, reaping $629 million in ship transit fees, the authority managing the waterway said on…

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Photo Story – Significant discovery near King Merenre Pyramid in the Saqqara, Egypt

Five ancient Egyptian tombs were uncovered in Saqqara during excavations carried out at the area located on the north-eastern side of the King Merenre Pyramid in the Saqqara necropolis. The…

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Egyptians count rising bread costs as Ukraine war disrupts wheat exports

From his job as a Cairo doorman, Mahmoud Farag earns 1,500 Egyptian pounds ($95) each month but it's no longer enough to adequately feed his family of five. Food prices…

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