Egypt

Egypt commits to IMF to slow projects, increase fuel prices

Egypt committed to an adaptable money, a greater duty for the private sector and also a series of financial and also fiscal reforms when it consented to a $3 billion financial support bundle with the International Monetary Fund, according to an IMF team report launched…

11 Jan 2023

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

A freight ship bring corn that went aground early Monday in the Suez Canal was refloated and also website traffic via the critical waterway was recovered, Egyptian authorities said. According to Adm. Ossama Rabei, head of the Suez Canal Authority, the Marshall Islands-flagged MV Magnificence…

10 Jan 2023

Apartment building collapse in Egypt kills 4: Official

Rescue teams recouped 4 bodies from under the debris of a five-story structure in the Qulta, Assiut He stated in a declaration that rescuers likewise recuperated two survivors who were taken to a neighborhood health center At the very least four individuals were killed Sunday…

09 Jan 2023

Egypt’s currency weakens to 26.49 to the dollar

The Egyptian pound compromised to 26.49 to the buck on Wednesday, its biggest one-day move since the reserve bank allowed it to fall by 14.5% on Oct. 27, according Refinitiv Information. It was about 24.70 to the dollar at the opening of the trading day.…

06 Jan 2023

Eid Al Adha 2022: Likely very first date for most Islamic countries revealed

These consist of the UAE, Saudi Arabia, Oman as well as Egypt The most likely dates of Islamic event Eid Al Adha have been disclosed. The International Astronomical Centre has actually revealed that Saturday, July 9, is most likely to be the very first day…

27 Jun 2022

EU eyes Israeli natural gas in deal with Egypt

EU countries looking for to lower their dependence on Russian gas as a result of the war in Ukraine might soon be able to resource products from Israel instead. On Wednesday, the EU, Israel and Egypt signed a provisionary gas export bargain at an energy…

16 Jun 2022

Fugitive Nirav Modi’s Close Assistant Brought To India From Cairo: CBI Sources

Mr Parab, who took off to Cairo in 2018, landed in Mumbai early today after expulsion, officials said. The Central Bureau of Examination (CBI) has got deported from Egypt Subhash Shankar Parab, a close associate of fugitive jeweller Nirav Modi, official resources claimed today. Mr…