This week in Egypt: Week 2-2023 ( Jan 9-15)

Top Headlines

  • Eni, Chevron announce new gas discovery in Egyptian East Med field
  • Egyptian pound hits new low against US dollar 
  • IMF: Egypt aims to bridge financing gap by selling state-owned assets
  • Negev Forum convenes in UAE with Jordan absent from Arab-Israeli meeting
  • Egypt says ancient royal tomb unearthed in Luxor
  • Rounding off Africa tour, China’s top diplomat visits Egypt 
Podcast summery

Main Headlines



  • Egypt to receive the second tranche of IMF’s $3 bln loan by end of March, says Mission head
  • Inflation in Egypt continues to skyrocket, leaving citizens struggling to buy basics 


  • Egyptian pound‘s losses against USD reach 100% since March
  • Three men try to steal 10-ton ancient statue of Ramesses II in Egypt with crane
  • Egypt released $1.5 billion worth of stranded imports since 1 Jan




  • Egypt invites Elon Musk to visit after tweet 
  • Royal tomb from Thutmosid period discovered on Luxor’s West Bank
  • Egypt’s exports rise by 23% year-on-year in first 10 months of 2022: CAPMAS



  • Egypt’s currency drop barely closes gap with black market rate. Netty Idayu Ismail 
  • Factbox: All you need to know about Egypt’s commitments, targets under new IMF programme. Doaa Moneim
  • IMF’s press release and staff report on Egypt 
  • Egypt, facing economic crunch, restricts non-essential travel for government. Al-Monitor 
  • In Egypt, massive funding for new mosques is questioned amid economic crisis. Al-Monitor 
  • How Britons can swap miserable weather for a month-long sunshine holiday in Egypt for (almost) the same cost as living at home Daily Mail


From Twitter

Nervana Mahmoud

About nervana111

Doctor, blogger and Commentator on Middle East issues. The only practising doctor who write in Middle Eastern politics in UK.
This entry was posted in Diary of Aak, Egypt and tagged , , , , . Bookmark the permalink.

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