Captain of aircraft carrier involved in collision off Egypt dismissed

The US Navy has decided to relieve the commanding officer of the USS Truman — the nuclear-powered aircraft carrier that had a collision with a bulk carrier off Egypt last week. Captain Dave Snowden was relieved Thursday for “loss of confidence in his …

Egypt's central bank keeps overnight interest rates unchanged

CAIRO - Egypt's central bank kept its key overnight interest rates unchanged on Thursday, as expected, citing the impact on inflation of uncertainty around U.S. protectionism and geopolitics. The bank's monetary policy committee kept the lending …

Egypt: Beltone’s unit enters $79mln deal for sports project

Cairo –  Beltone Leasing and Factoring, a subsidiary of the listed Beltone Holding, recently signed a syndicated leasing term sheet amounting to EGP4 billion with Al Qalaa Al Hamraa for Facilities Management, according to a press release. The collaboration …

Egypt Delivers Mobile Shelters to Gaza After Mediation Efforts

Egypt has dispatched the first shipment of mobile homes to Gaza under the ongoing ceasefire deal with Israel, local media reported on Thursday. According to Egyptian television channel Al-Qahera News, five trucks carrying 15 mobile homes and a bulldozer …

Progress in interconnection between Greece and Egypt

ECONOMY The progress and strategic importance of the Greece-Egypt electricity interconnection project (GREGY Interconnection) was presented by the vice president of the Copelouzos Group, Thomas Achimastos, at the Egypt Energy Show (EGYPES) 2025 conference, …

Egypt: International Company for Fertilizers posts 45% rise in 2024 profits

Egypt -  International Company for Fertilizers and Chemicals (El Dawlia) registered EGP 228.73 million in net profit after tax during 2024, an annual growth of 44.91% from EGP 157.83 million, according to the financial results. The net sales amounted to …

Saudi crown prince invites leaders of GCC, Jordan, Egypt for informal talks

Saudi Crown Prince Mohammed bin Salman has extended invitations to the leaders of Gulf Cooperation Council (GCC) countries, Jordan and Egypt for an informal meeting set to take place in Riyadh on Friday, according to an official source on Thursday. The …

Media Reports Point to Turkish Annoyance over Cyprus-Egypt Deal

This past week’s agreement between Egypt and the Republic of Cyprus to export the latter’s offshore natural gas to the North Africa country’s two LNG terminals has apparently “ruffled the feathers” of official Ankara. Turkey, which continues to occupy …

Tomb of first pharaoh since King Tutankhamun’s in 1922 unearthed in Egypt

Archaeologists have discovered the tomb of an ancient Egyptian pharaoh, the first such find since King Tutankhamun’s resting place was unearthed in 1922, Egyptian officials announced this week.Inscriptions indicate the tomb was the burial place of King …

Viewer video: White American Pelicans spotted in Lake of Egypt