At COP26 countries agreed to deliver stronger commitments this year, including updated national plans with more ambitious targets. However, only 23 out of 193 countries have submitted their plans to the UN so far. The countries must dramatically scale up their efforts to counter the climate crisis, he adds.

The CBE attributed its decision to elevated global and domestic prices that are expected to keep headline inflation.

Egypt and International Monetary Fund have reached a staff-level agreement on the economic policies to be supported by a 46-month arrangement under the Extended Fund Facility, IMF Mission Chief for Egypt Ivanna Vladkova Hollar said.

The IMF had demanded the devaluation as a condition of the loan and the North African nation is among the top five countries in the world most at risk of defaulting on its foreign debt, according to the international credit rating agency Moody's.

The UAE president Sheikh Mohamed bin Zayed Al Nahyan, and Abdel Fattah El Sisi, President of Egypt have met recently on several occasions.

The economic ties between the UAE and Egypt were strengthened this year by the signing of the Industrial Partnership for Sustainable Economic Growth, crowning a more than fifty-year long trade relationship between the two nations that has grown to $67 billion in the last twenty-two years.

The meeting comes amid a global dialogue about energy security and just weeks ahead of the 2022 UN Climate Change Conference (COP27).

Advocacy groups say there are currently about 60,000 political prisoners in the country, an issue that rights groups hope to raise at the United Nations COP27 climate summit, which will open on November 6 in Egypt.

Mahraganat, often known as "electro-shaabi", or popular electro, relies heavily on computer-generated and synthesised beats, and has a wide reach. Some purists in socially conservative Egypt -- a cultural powerhouse in the Arab world -- view its blunt lyrics tackling topics including love, power and money as overstepping moral boundaries.

The Sharjah Chamber of Commerce and Industry participated in the international conference to mark the 100th anniversary of the Egyptian Chamber of Commerce in Alexandria and the 40th anniversary of the Federation of Mediterranean Chambers.

Washington, US-- International Monetary Fund and Egyptian authorities have agreed to finalize their work to reach a Staff-Level Agreement very soon, the IMF has said. Director of Communications at the IMF Gerry Rice said in a statement that "IMF staff and the Egyptian authorities have held very productive in-person discussions...

On Monday, Turkey said it had signed a memorandum of understanding on exploration for hydrocarbons in Libya's seas with the authorities in Tripoli. "This agreement threatens stability and security in the Mediterranean," Greek Foreign Minister Nikos Dendias said in Cairo, where he met his Egyptian counterpart Sameh Shoukry.

Egypt’s Minister of Environment Yasmine Fouad said that protecting migratory birds and biodiversity is one of the global and regional environmental challenges that her country is keen to address during the UN Conference of Parties on Climate Change (COP27).

Cairo, Egypt— Egypt has recorded a huge jump in arrival of tourists from many European countries and the US, as Luxor basks in a tourist boom not seen in the last few years. Tourists from Spain and France are leading an increase in visitors to Egypt from a number of...

A high-level UAE delegation, on a visit to Egypt, met with senior officials of the Egyptian Ministry of Defense.

Sayed Khalifa, the head of Egypt's agriculture syndicate, calls the unique plants a "treasure" because of their ability to grow in salt water where they don't face drought.

Cairo voiced disappointment that King Charles III, a long-time champion of the environment, cancelled a plan to attend and speak at COP27 after Britain's Prime Minister Liss Truss reportedly objected. "We hope this does not signal Britain stepping back from the global climate change movement" after it chaired last year's...

The PIF-backed firm buys 34% stake in an Egyptian firm.

The project will support Egypt's integration into global value chains and its efforts to become a regional trading hub.

Egypt’s natural gas and liquified natural gas (LNG) export revenues reached $8 billion in the fiscal year 2021-2022.

Setting its sights on hosting the Olympics, Egypt will apply to host the games in 2036, which, if the bid is successful, will make it the first African or Arab nation to host the Olympics. IOC president who is on a visit to Cairo said that Egypt has solid sporting...

The UAE delegation attended the fifth day of high-level meetings on the sidelines of the 77th Session of the United Nations General Assembly.

The Central Bank of Egypt also decided to increase the required reserve ratio to 18 percent from 14 percent

UN Secretary-General Antonio Guterres called on governments to tackle "four burning issues" between now and COP27: greater ambition to keep the 1.5C possible; meeting financial commitments to the developing world; increasing support for adaptation measures, and the issue of "loss and damage."

Against the backdrop of surging energy prices and the threat of a global food crisis, the IEA urged nations to use the coming COP27 meeting in Egypt to "accelerate progress towards net zero emissions by decades, cut energy costs and boost food security for billions of people worldwide".

Cairo, Egypt-- Egypt plans to raise fees for ships passing through the Suez Canal by 15 percent in 2023, the Canal Authority's Chairman Osama Rabie has said. According to media reports, Rabie said transit fees for bulk and tourist ships will be raised by 10 percent and will be applicable...

The drop comes as the exchange rate of the Egyptian pound is seeing a decline in light of the pressures the country is experiencing due to the Ukrainian war repercussions and the decline in foreign reserves at the Central Bank.

As Cairo gears up to open "the largest archaeological museum in the world," Egypt's former antiquities minister Zahi Hawass said he will soon demand the return of its greatest lost treasures.

President Joe Biden's administration on Wednesday approved most military aid to Egypt for a second straight year despite concerns on human rights, pointing to limited progress, officials said. Secretary of State Antony Blinken finalized a package of $1.17 billion for Egypt, which has been one of the largest recipients of...

The majority stake in the two companies was valued at $140m.

Signaling an improvement in their relations, Egypt’s President Abdel Fattah al-Sisi will arrive in Qatar for the first time since a four-year rift between the two countries. He will meet with the energy-rich Gulf state’s emir, Sheikh Tamim bin Hamad Al-Thani. The emir paid a visit to Cairo in June...

Arab countries are constructing solar and wind energy plants with a total capacity of 73.4 gigatons, which is nearly five times the region's current renewable energy production.

The Central Bank of Egypt in cooperation with the Egyptian Ministry of Finance, will allow banks across Egypt to access the Russian Mir payment card system later in September.

The company will upgrade power distribution system in Alexandria.

Egypt has raised customs dollar to its highest level in history, a measure likely to inflate the price of imported goods.

Almost two months before the start of World Cup, Qatar put the $675 million stadium, the venue for the final, through its first sellout test with a match between the Egyptian and Saudi champions. The 80,000 capacity Lusail Iconic Stadium was full for the pre-match concert by Egyptian superstart Amr...

Egypt, Greece and Saudi Arabia are in talks to jointly host the 2030 World Cup football tournament, an Egyptian official said Friday in televised remarks. "The three countries are working flat out" and "the application to organise (the 2030 World Cup) is being studied", sports ministry spokesman Mohammed Fawzi told...

Egypt's environment minister Yasmine Fouad said that Egypt will also remind rich countries of the industrialized world of their unfulfilled aid pledges, at the COP27 summit in the Red Sea resort of Sharm el-Sheikh. The country seeks to represent Africa which shares little of the blame for global warming but...

Egypt is to establish a licensing framework for digital entertainment platforms like Netflix that will require them to conform to the majority-Muslim country's "social values," the regulatory body said. The announcement late Wednesday comes just days after Saudi Arabia and its Gulf neighbours asked Netflix to drop content that conflicted...

A day after it returned dozens of antiquities to Italy, United States has now returned 16 antiquities worth $16 million to Egypt, including five works that were seized from the Metropolitan Museum of Art. The return of antiquities is part of a probe by authorities in New York into international...

TruKKer is one of the region’s largest online trucking aggregator.

The shopping app looks to widen its market in MENA.

Qatar will chair the 9th Annual Conference of the Arab Association of Secretaries General of Parliaments (AASGP), to be held in Cairo on September 4 and 5.

In spite of monetary policy tightening, Egypt has seen the market capitalization of its stock exchange vault by $2.7 billion in August

According to website Vessel Finder, the 250-meter-long, Singaporean-flagged tanker is headed for the Saudi port of Yanbu.

Egypt has posted a record in pumping out 2.7 billion cubic meters of gas per day at Zohr gas field during the 2021-2022 financial year.

An economic crisis spurred by the Ukraine war is casting darkness upon Egypt's streets, as the government dims lights to free up energy for export and bolster hard currency reserves.

The Korea Hydro & Nuclear Power Co. won a contract with Russia’s state-owned Rosatom in the project. The state-owned Korean company, which was selected as the sole bidder in December 2021, will construct the main and auxiliary buildings and structures of the turbine islands for the units between 2023 and...

The last quarter of the past fiscal year was really difficult due to the Russia-Ukraine war.

In a statement, CAPMAS said that the value of the trade exchange between Egypt and the UAE increased to about US$1.2 billion.