'Silver is the new gold' as Egyptians try to protect savings
EGYPTIAN women traditionally receive a gold jewellery set, or “shabka”, on their engagement. But as surging prices and a weakening currency have...
Egypt grapples with impact of Red Sea hits on Suez Canal revenue
EGYPT pushed ahead with an increase in transit fees through the Suez Canal this week, as a need for foreign currency trumped...
Tourism hit seen hurting Israeli economy less than neighbours, says S&P
A LIKELY halt of foreign tourism in Israel due to the war with Hamas may have “minimal” impact on the country’s economy...
Qatar in talks with Egypt's wealth fund over hotel investments
QATAR’S sovereign wealth fund is in talks with Egypt about potentially investing in seven historic hotels there, in what could be a...
Suez Canal traffic resumes after broken-down tanker tugged away
EGYPT deployed three tugboats on Sunday (Jun 4) to tow away an oil tanker that had broken down and caused brief delays...
Egypt unearths mummification workshops, tombs in ancient burial ground
EGYPT unearthed human and animal mummification workshops as well as two tombs in the ancient burial ground of Saqqara, officials said on...
Smiley, dimpled sphinx statue unearthed in Egypt
ARCHAEOLOGISTS in Egypt have unearthed a sphinx statue “with a smiley face and two dimples” near the Hathor Temple, one of the...
Scientists discover hidden corridor in Great Pyramid of Giza
A HIDDEN corridor nine metres (30 feet) long has been discovered close to the main entrance of the 4,500-year-old Great Pyramid of...
In Old Cairo, residents reconnect with their heritage
FOR most of their lives, children from historic Cairo’s Al-Khalifa district only saw the mausoleums, mosques and madrasa schools that pepper their...
Egypt's Suez Canal nets record US$8b in annual revenue
EGYPT’S Suez Canal Authority announced Wednesday (Jan 25)an all-time annual revenue record, earning US$8 billion in transit fees in 2022, as the...