Egypt eyes major savings with record 3.8M metric ton wheat tender
Most of Egypt’s wheat comes from Russia, which supplied nearly 70% of its wheat imports in 2023
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Egypt
Egypt urges Israel to halt Gaza offensive, allow humanitarian aid
Egyptian and Turkish officials discuss Gaza’s humanitarian crisis, calling for an end to hostilities and urging unconditional aid access while addressing regional issues in Libya and Syria.
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Foreign assets rise again as Egypt’s economy stabilizes
Egypt’s net foreign assets have stayed positive for two consecutive months, a significant improvement after being deeply negative for over two years.
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Egyptian fintech buys Turkish leasing firm
Egyptian fintech MNT-Halan acquired Turkey’s largest nonbank micro-leasing company, Tam Finans, to expand its consumer credit in Turkey.
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Egypt upsets Spain, clinches Olympic quarterfinal spot
In a thrilling Olympic match, Egypt defeated Spain 2-1 to claim the top spot in Group C.
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Egypt rapidly reduces external debt by $14 billion
In a surprising development, Egypt has announced a rapid decline in its external debt, totaling $14 billion in just five months.
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Kuwaiti club deceived into playing amateur team in friendly, reports
Kuwaiti Premier League club Kazma initially celebrated a 7-1 friendly victory over Egyptian opponents Telephonat Beni Suef, only to discover that their rivals were actually an amateur team with no affiliation to the Egyptian side. The match, held at Kazma’s training camp in Alexandria, was marred by deception. Organizers apologized, admitting they had been misled
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Egypt, Kuwait support ICJ ruling on Palestinian self-determination
Egypt and Kuwait back the ICJ’s ruling affirming Palestinian self-determination and demanding an end to Israel’s occupation of the West Bank and East Jerusalem.
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Houthi attacks disrupt shipping, hit Egypt’s canal income
Egypt’s Suez Canal revenue dropped 23.4% due to a decline in shipping traffic caused by Huthi rebel attacks in the Red Sea.
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Egypt ends summer power cuts with LNG deliveries
Facing a summer energy crisis, Egypt ends power cuts with the arrival of natural gas shipments.
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