Egypt, China extend currency swap deal for three more years
Egypt and China have extended their currency swap agreement for another three years, according to Reuters. The renewed agreement has been increased to 30 billion yuan, equivalent to around $4.43 billion or LE 203 billion, compared to the previous value of 18 billion yuan, or nearly LE 80.7 billion. In a statement issued on Wednesday, […]
Egypt, Green Climate Fund launch infrastructure partnership
Egypt initiated coordination with the Green Climate Fund’s (GCF) new regional office in the Ivory Coast on Monday to maximize its share of regional climate programs and strengthen continental defenses against extreme weather. The talks centered on the Africa Finance Corporation’s (AFC) Climate Resilient Infrastructure Program (ICRF). Egypt’s national GCF committee emphasized that these regional […]
Egypt condemns Iranian attacks on Kuwait
Egypt strongly condemned the repeated Iranian attacks targeting Kuwait on Monday, labeling them a “flagrant violation” of Kuwaiti sovereignty and a dangerous escalation threatening Gulf security. In a Monday statement, the Foreign Ministry rejected any actions violating international law and the UN Charter. Cairo affirmed its full solidarity with Kuwait, backing all measures taken by […]
Egypt condemns Al-Aqsa Mosque incursions, escalating Israeli violations in Jerusalem, West Bank
Egypt strongly condemned the repeated incursions into the Al-Aqsa Mosque compound by Israeli settlers under police protection on Monday, calling the actions a violation of the legal and historical status quo of occupied Jerusalem. In a Monday statement, the Foreign Ministry also categorically rejected the continuous military escalations, arrests, and assaults against Palestinians and their […]
Egypt urges Israeli withdrawal from Lebanon; Israel says ground operation ‘expanding’
Egypt has reaffirmed the need for a full Israeli withdrawal from Lebanese territory, while Israel says its ground operation in southern Lebanon is “expanding to additional areas.” In a phone call with Lebanese Prime Minister Nawaf Salam on Saturday, Foreign Minister Badr Abdelatty stressed Egypt’s solidarity with Lebanon in the face of current challenges. Abdelatty […]
Egypt seeks deeper strategic partnership with China as diplomatic ties turn 70
Cairo said it seeks to bolster its comprehensive strategic partnership with China as both countries marked the 70th anniversary of the establishment of their diplomatic relations on Saturday. On May 30, 1956, Egypt became the first Arab and African country to establish official ties with China, the Egyptian Ministry of Foreign Affairs said in a statement. […]
Egypt’s power demand peaks at 36,000 mw amid Eid period
Egypt’s electricity demand has risen to around 36,000 megawatts in recent days, according to Minister of Electricity and Renewable Energy Mahmoud Esmat. Esmat made the remarks during an inspection tour of the National Energy Control Center, where he reviewed operational performance and coordination across the country’s electricity system to ensure the stability of the unified […]
Egyptian stocks end higher, EGX30 up 1.48%
Egypt’s stock market closed Sunday’s trading session in positive territory, with market capitalization increasing by around LE43 billion, supported by broad gains across most indices. The EGX30 rose 1.48 percent to 52,861 points. The EGX70 increased 1.29 percent to 14,584 points, while EGX100 climbed 1.25 percent to 20,388 points. EGX35-LV advanced 1.24 percent to 5,872 […]
CBE dismisses reports of planned LE10,000 banknote
The Central Bank of Egypt (CBE) has denied reports claiming the government is preparing to issue a new LE10,000 banknote, stressing that no such plans are currently under consideration. In a statement circulated by the Cabinet Information and Decision Support Center (IDSC), the central bank said it has not issued any decisions related to introducing […]
President El-Sisi ratifies amendments to Egypt’s nuclear and radiological activities law
Egypt says the updated legislation will strengthen nuclear safety, regulatory oversight, and institutional frameworks as the country advances major strategic nuclear energy projects. Egypt Updates Nuclear Regulatory Framework President Abdel Fattah El-Sisi ratifies amendments to Egypt’s law regulating nuclear and radiological activities amid continued expansion of the country’s peaceful nuclear energy program. President Abdel Fattah […]