Egypt Financial News

01.04 / 11:31

UPS security War country peace How to end the Middle East’s agony

worst atrocity against Jews since the Holocaust, conflict has spread across the Middle East. In all, ten countries are now caught up in fighting. In Gaza Israeli soldiers and Hamas are still killing each other, even as 2m people face famine.

30.03 / 13:33

UPS economy Coronavirus pandemic Trade International IMF confirms increasing Egypt's bailout loan to $8 billion

The executive board of the International Monetary Fund has confirmed a deal with Egypt to increase its bailout loan from $3 billion to $8 billion

30.03 / 13:33

UPS economy Election President War country rights NOT Financial The EU plans to fast-track some financial aid to Egypt. The usual funding safeguards will not apply

The European Union aims to fast-track up to $1.1 billion in financial aid to Egypt, using a funding procedure that bypasses parliamentary oversight and other safeguards

29.03 / 13:09

Southern President War stage rights The ever-expanding Middle East war

Palestinian Authority, which governs parts of the West Bank, if it resumes control in Gaza . The plan is a long shot—not least because Binyamin Netanyahu, the Israeli prime minister, is a longtime opponent of Palestinian statehood. After Mr Biden spoke with him earlier this month, the president suggested Mr Netanyahu might be amenable to creating a demilitarised Palestine: “I think we’ll be able to work something out," he said.

25.03 / 12:09

UPS security economy wellness President Oil benchmark Brent nears $86 on heightened supply concerns

By Natalie Grover

25.03 / 00:37

Apple Netflix Bill show beautiful stars Videos Easter 2024: New movies, shows on Netflix, Apple TV+, Disney+, Peacock, Hulu, Prime Video this week

Easter 2024 is a few days away and Netflix, Apple TV+, Disney+, Peacock, Hulu, Prime Video, AMC and AMC+ are releasing a number of movies and shows throughout the week for their viewers. Bill Nighy leads a charming crowd-pleaser on Netflix, “The Beautiful Game,” in which he plays an English soccer (sorry, football) manager taking a team to the Homeless World Cup in Rome. It starts streaming on Friday, March 29.

24.03 / 03:53

Provident Reuters Williams Gap War medicines US proposes hostage-to-prisoner ratio in Gaza truce talks: Israeli official

Israel in exchange for every hostage freed by Hamas in any new Gaza truce, an Israeli official briefed on the Qatar-hosted talks said on Saturday. An Israeli delegation led by Mossad chief David Barnea is in Doha for indirect negotiations with the Palestinian militant group Hamas, which CIA director William Burns is helping Qatari and Egyptian officials to mediate.

23.03 / 20:23

Provident Reuters Williams Gap War medicines U.S. proposes hostage-to-prisoner ratio in Gaza truce talks - Israeli official

By Dan Williams and Nidal al-Mughrabi

23.03 / 14:29

MET economy President peace Oil settles flat on the week over Gaza ceasefire possibility, stronger US dollar; Brent sticks at $85/bbl

₹6,749 per barrel after hitting an intra day high of ₹6,803 per barrel, on the multi commodity exchange (MCX). Also Read: Explained | Upside risk on inflation to export woes—here's how the Red Sea crisis will impact Indian economy in FY25 -Analysts said that successful peace talks would prompt Yemen's Houthi rebels to allow oil tankers to pass through the Red Sea. Blinken met Arab foreign ministers and Egypt's President Abdel Fattah El-Sisi in Cairo as negotiators in Qatar centred on a truce of about six weeks.

22.03 / 16:37

markets COST economy Food Coronavirus International Egypt increases fuel prices following depreciation of local currency

The Egyptian government has raised fuel prices in a move that is bound to exacerbate inflationary pressures on an already-struggling population

22.03 / 01:49

MET Trade President Oil prices ease on Gaza ceasefire possibility, dollar strength

By Laila Kearney

22.03 / 01:49

markets UPS economy War shock International Egypt raises wide range of fuel prices, official gazette says

CAIRO (Reuters) — Egypt raised prices on a wide range of fuel products on Friday, the official gazette said, pressing ahead with a promise it made to the International Monetary Fund (IMF) more than a year ago as part of a $3 billion financial support agreement.

19.03 / 02:29

Citi Target security President Inside hospital ‘Deeply concerned about Israeli operation in Rafah,’ Joe Biden tells Israeli PM Benjamin Netanyahu

Gaza City and Khan Younis. In a post on X (formerly Twitter), Biden said he had a telephonic conversation with Israeli PM Benjamin Netanyahu regarding the latest developments in Israel and Gaza.

18.03 / 10:24

Cooper Refugees War country rights International European Union announces $8B aid package for Egypt as concerns mount over migration

The European Union has announced a 7.4 billion-euro or $8 billion aid package for cash-strapped Egypt as concerns mount that economic pressure and conflicts in neighboring countries could drive more migrants to European shores

17.03 / 17:07

WhatsApp President War reports EU's Ursula von der Leyen says Gaza is facing famine, ceasefire needed rapidly

Ursula von der Leyen said on Sunday that Gaza was facing famine and there had to be a rapid ceasefire agreement in the war between Israel and Hamas. «Gaza is facing famine and we cannot accept this,» von der Leyen told reporters, speaking in Cairo after signing a strategic partnership agreement with Egyptian President Abdel Fattah al-Sisi.

12.03 / 05:26

UPS Fighting Southern Universities War The Latest | Hunger worsens in Gaza as Palestinians mark the start of the holy month of Ramadan

With no end to fighting in sight, Palestinians in Gaza have begun fasting for the holy month of Ramadan as hunger worsens across the strip and pressure grows on Israel over the growing humanitarian crisis

11.03 / 16:05

JPMorgan Research JPMorgan sees new 200 bps Egypt rate hike as inflation goes "to the moon"

LONDON (Reuters) — JPMorgan forecast on Monday that Egypt's central bank could hike its key interest rate by another 200 basis points later this month amid signs that inflation was going «to the moon» following a bumper currency devaluation.

10.03 / 16:59

UPS Provident security wellness President War Egypt in touch with Hamas and Israel in search of Gaza ceasefire deal, sources say

Egypt was in contact with senior Hamas and Israeli figures as well as other mediators on Sunday in an effort to restart negotiations for a truce in the Gaza Strip during the Muslim holy month of Ramadan, which begins on Monday or Tuesday, two Egyptian security sources said. Egypt's contacts with Hamas and Israeli intelligence agency Mossad on Sunday were carried out under a mandate from the Egyptian presidency in an effort to bring the two sides' divergent positions together, the sources said, without providing further details.

09.03 / 16:03

UPS Reuters Southern War evacuation International Israel strikes landmark residential tower in southern Rafah as truce talks stall

By Nidal al-Mughrabi and Bassam Masoud

09.03 / 12:45

Reuters Food Refugees War reports parachuting Israel-Hamas war: Aid airdrop turns fatal in Gaza as parachute fails to open, 5 dead, multiple injured

humanitarian aid airdrop fell on a group of men, teenagers and young kids because of a failure in the opening of the parachute. The parcel, containing food and essential items, fell like a rocket on the roof of a house near the al-Shati refugee camp, an eyewitness told the Guardian. The refuge camp is said to be known as one of the worst affected parts of Gaza because of the Israeli-airstrike.

07.03 / 19:57

Bitcoin Nayib Bukele Reacts to Bitcoin Critic’s Indictment with Laughter

President Nayib Bukele responded humorously to a social media post on March 7, highlighting the legal troubles of one of his country’s prominent critics in Capitol Hill. Bukele quoted a post on X (formerly Twitter) with a laughing emoji.

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