Category Archives: Egypt

This Week in Egypt: Week 7-2023 ( Feb 13-19)

Due to unforeseen health issue, I could only compile a shorter version of my weekly Egypt’s newsletter. Apology no podcast this week. Top Headlines Egypt’s president Sisi praises UAE, seeking to heal gift aid rift  Egypt is expected to maintain … Continue reading →

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This Week in Egypt: Week 6-2023 ( Feb 6-12)

Top Headlines Egypt’s inflation continues to surge as food prices rise Moody’s downgrades Egypt’s credit rating from B2 to B3 32 Egyptian state companies’ shares to be sold within a year Egypt offers condolences, aid to quake-hit Turkiye and, Syria; … Continue reading →

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This Week in Egypt: Week 5-2023 ( Jan 30- Feb 5)

Top Headlines Egyptian pound slides past EGP 30 against USD  Egypt’s central bank leaves key interest rates unchanged US Blinken says U.S. will keep pressing Egypt on human rights Egyptian FM holds talks with Lavrov in Russia, a day after … Continue reading →

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This Week in Egypt: Week 4-2023 ( Jan 23-29)

Top Headlines US Secretary of State Antony Blinken arrived in Egypt at the start of a Middle East trip  CIA director visited Egypt, met with President Sisi Egypt expresses its strong rejection and condemnation of East Jerusalem attack, warns of … Continue reading →

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This Week in Egypt: Week 3-2023 ( Jan 16-22)

Top Headlines Egypt vows to cut military’s outsized role in economy under IMF bailout Egyptian banks’ regulatory capital ratios can withstand further Egyptian pound depreciation, Fitch Ratings says Businessman Safwan Thabet, who faced accusations of funding “terrorist entities”, was released … Continue reading →

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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 … Continue reading →

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This Week in Egypt: Week 1-2023 ( Jan 2-8)

Top Headlines Egyptian pound sinks to new low in biggest fall since October devaluation Egypt’s Sisi wished Egyptians merry Christmas, attended Christmas mass  Israel ties with Egypt is strained by recent Israeli moves, hindering prisoner swap talks Egypt presented a new … Continue reading →

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This Week in Egypt: Week 52-2022 ( Dec 26- Jan 1- 2023)

Top Headlines At least three people have been killed in an attack on a police checkpoint in the Suez Canal city of Ismailia The Egyptian branch of ISIS claimed responsibility for the attack Egypt’s Sisi calls to congratulate Netanyahu, cautions … Continue reading →

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This Week in Egypt: Week 49-2022 (Dec 12-18)

Top headlines IMF executive board approves $3 billion Egypt extended arrangement Egypt’s Sisi visits Washington to participate in the US-Africa summit  Egypt’s Sisi met with US President  Biden and US Secretary of State Blinken  Egypt’s Sisi met with US defense chief … Continue reading →

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This Week in Egypt: Week 48-2022 ( Dec 5-11)

Top Headlines Chevron has discovered a new natural gas well off the Mediterranean coast in Egypt  bp to explore potential for green hydrogen production in Egypt Egypt’s core inflation rises to 21.5% yr/yr in November Egypt’s pound keeps falling on black … Continue reading →

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