Egypt and Malaysia reaffirmed their commitment to strengthening the strategic partnership between the two nations and expanding cooperation across political, economic, investment, defense, and security sectors. They also pledged to intensify coordination on regional and international issues of mutual interest, work towards enhancing stability in the Gulf region and West Asia, and ensure freedom of …
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The Central Bank of Egypt’s net foreign currency reserves reached approximately US$ 57.35 billion by the end of September 2026—an all-time high—reflecting improved foreign currency indicators and a strengthened Egyptian economy capable of withstanding external pressures. Foreign currency reserves continue to hit record levels, bolstered by increased foreign currency inflows into the Egyptian economy – …
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Badr El Din Automotive Accessories and Tuning has identified rising import and shipping costs, foreign exchange (FX) fluctuations, changing consumer preferences and the growing adoption of electric vehicles (EVs) as key factors reshaping Egypt’s automotive accessories and spare parts market. The company’s observations come as it participates in Autotech 2026, a three-day exhibition bringing together […]

Egypt’s Ministry of Foreign Affairs, Emigration and Egyptian Expatriates Affairs strongly condemned on Sunday an attack on King Khalid International Airport in Riyadh that killed an Egyptian woman and injured five other Egyptian nationals. The ministry said continued attacks on Saudi territory threatened civilian safety and security. It identified the woman as Azza Ramzy Mohamed […]

  Egypt and Indonesia have agreed to deepen cooperation in defence, trade, investment and other strategic sectors, while rejecting the forced displacement of Palestinians and calling for de-escalation in the Gulf.  The commitments were outlined in a joint statement following Egyptian President Abdel Fattah el-Sisi’s official visit to Indonesia on 10 and 11 October 2026, at the invitation of Indonesian President Prabowo Subianto.  The visit followed President Prabowo’s trips to Egypt in December 2024, April 2025 and October 2025. President Prabowo received President el-Sisi at Merdeka Presidential Palace in Jakarta, where an official ceremony included the national anthems of both countries, a 21-gun salute and an inspection of the guard of honour.  The presidents posed for a commemorative photograph, and President el-Sisi signed the guestbook before they held bilateral talks, followed by an expanded meeting with delegations from both countries. Both leaders witnessed the signing of four memoranda of understanding covering maritime affairs and fisheries, statistical cooperation, a strategic partnership action plan, and visa waivers for holders of diplomatic, official and special passports.  Defence and security cooperation was another priority. The leaders welcomed the steady development of ties in theseContinue reading "Egypt and Indonesia Deepen Strategic Partnership and Back Palestinian Statehood"
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Egypt’s annual inflation rate rose slightly to 12.8 percent in September 2026, compared to 12.7 percent in August, as rising food prices, particularly vegetables, contributed to higher living costs, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Saturday, 10 October. Consumer prices increased by 1.5 percent compared to August, bringing the nationwide Consumer Price Index (CPI), which measures changes in the prices of goods and services, to 294.2 points. Vegetables recorded the largest monthly increase among food categories, with prices rising by 15.1 percent. Fruit prices increased by 2.6 percent, meat and poultry by 2.5 percent, and fish and seafood by 1.2 percent. Overall, food and beverage prices rose by 3.2 percent during September, while other essential goods and services also became more expensive. Housing, water, electricity, gas, and other fuels increased by 0.8 percent compared to August, while household furnishings and equipment rose by 1.2 percent. Clothing and footwear prices increased by 0.8 percent, and healthcare costs rose by 0.4 percent. On an annual basis, housing and utilities recorded one of the largest increases, rising by 29.6 percent compared to September 2025.Continue reading "Egypt’s Annual Inflation Rises to 12.8 Percent in September as Food Prices Increase"
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Seven US senators from both the Republican and Democratic parties urged President Donald Trump to reverse a diesel supply deal with Russia, saying it violates US law prohibiting Russian energy imports until Moscow ends its aggression against Ukraine, according to Reuters. The four Republican and three Democratic senators said in a joint statement that Congress […]
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Egypt and Saudi Arabia have signed a memorandum of understanding (MoU) to strengthen cooperation in oil, natural gas , and petrochemicals and expand trade in petroleum products, according to a statement by Egypt’s Ministry of Petroleum and Mineral Resources (MoPMR) on October 11. The MoU aims to expand cooperation and integration between the two countries’ […]
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