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Egypt’s new Cabinet was sworn in Wednesday with major changes in the defense, foreign ministry and economy portfolios as the country faces mounting public discontent and conflicts in neighboring ...
The International Monetary Fund said on Thursday it had agreed with Egypt on the key policy components of an economic reform programme, in a further sign that a final deal to augment the country's ...
The proposed new capital of Egypt is a large-scale project under construction since 2015, and was announced by then-Egyptian housing minister Moustafa Madbouly at the Egypt Economic Development Conference on 13 March 2015. [110] As of 2024 the project, budgeted at $45bn, is on phase 1 and spend is approximately $58bn. [citation needed]
The surge in numbers leaving Egypt in recent years coincides with Egypt's worsening economy. The pandemic hit Egypt's vital tourist industry and the Ukraine war made investors more risk averse ...
The New Administrative Capital (NAC) [ 1 ][ 2 ] (Arabic: العاصمة الإدارية الجديدة, romanized:al-ʿĀṣima al-ʾIdārīya al-Jadīda), is a new urban community in Cairo Governorate, Egypt and a satellite of Cairo City. It is planned to be Egypt's new capital and has been under construction since 2015. [ 3 ]
Egypt has no operational high-speed rail links, but a project was launched in 2018 to construct three such lines with a total length of about 2,000 kilometres (1,200 mi). The first line links the cities of Ain Sukhna and Marsa Matrouh, the second connects the cities of Sixth of October and Abu Simbel, and the third connects the city of Qena ...
CAIRO (Reuters) -Egyptian President Abdel Fattah al-Sisi swore in a reshuffled cabinet on Wednesday that includes new finance and foreign ministers in a government facing challenges including the ...
July 18 – Egypt's Suez Canal reported a 23.4 percent drop in revenues attributed to disruptions in Red Sea shipping over the past year, marked by attacks from Yemen's Houthi militia on Israeli-linked vessels. [20] July 30 – Five people are killed and nine others are injured when a boat capsizes on the Nile River in Cairo. [21]