Amr Kandil's Articles

Egypt will implement an "urgent and solid" plan to secure the country's foreign currency needs and enable the economy to keep moving with some flexibility amid the current global crisis, Prime Minister Mostafa Madbouly said on Wednesday.

US energy corporation Chevron has discovered a new natural gas well, which has been dubbed Narges-1X, off the Mediterranean coast in Egypt, Italy's news agency Nova quoted Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla as saying on Wednesday.

Egyptian Foreign Minister Sameh Shoukry started an official visit to Italy on Wednesday to enhance bilateral relations between the two countries and to attend the eighth edition of the Rome MED – Mediterranean Dialogues conference, slated for 1-3 December in Rome.

The Egyptian economy is expected to achieve an overall growth of around five percent by the end of the current fiscal year (FY) 2022/2023, surpassing earlier international expectations, Minister of Planning and Economic Development Hala El-Said has noted.

Turkish President Recep Tayyip Erdoğan said he told Egyptian President Abdel-Fattah El-Sisi during their meeting on the sidelines of the World Cup in Qatar last week that he is keen to end the rupture between Turkey and Egypt and avoid a problem between the two countries in the Mediterranean.

The Sovereign Fund of Egypt (TSFE) has signed an MoU with Saudi Arabia’s utility developer ACWA Power to explore a joint investment in a $1.5 billion wind energy project with a capacity of 1.1 gigawatt (GW) in the Egyptian Gulf of Suez, a statement said on Tuesday.

A letter written by jailed Egyptian activist Alaa Abdel-Fattah on Saturday and handed on Monday to his mother, Laila Soueif, says that he started to drink water Saturday, Khaled Ali, his lawyer, and his family said on Monday.

Egypt is keen to enhance its strategic relations with the United States especially in light of growing regional challenges and successive international crises, President Abdel-Fattah El-Sisi said in a meeting with Speaker of the US House of Representatives Nancy Pelosi in Sharm El-Sheikh on Thursday.

Medical examination of Egyptian inmate Alaa Abdel-Fattah has shown normal results, which indicate that his reported hunger and water strike is “questionable,” the Egyptian Public Prosecution said in a statement on Thursday.

President Abdel-Fattah El-Sisi and Norwegian Prime Minister Jonas Gahr Støre launched on Tuesday the first phase of a project to establish a major green hydrogen plant with a capacity to produce 100 MW in Egypt's Ain Sokhna on the Red Sea.

Egypt will announce its national strategy for green hydrogen production during the 2022 UN Climate Change Conference (COP27), which is set to kick off on Sunday in Sharm El-Sheikh city, the Cabinet said.

Public pledges on climate action need to be mirrored in the negotiating room, said Egyptian Ambassador Wael Abul-Magd, special representatives of the president-designate for the 2022 UN Climate Change Conference (COP27), set to be held 6-18 November in the Red Sea city of Sharm El-Sheikh.

The US has welcomed the release of renowned Egyptian lawyer and former parliament member Ziad El-Eleimy, who received a pardon from President Abdel-Fattah El-Sisi on Monday.

Egypt's President Abdel-Fattah El-Sisi said on Tuesday that religious practices in the region “need to be rethought” for the modern world to keep pace with the developments and challenges in society.

Egypt, as host of the 2022 UN Climate Change Conference (COP27), hopes the UK’s King Charles III can attend the event in Sharm El-Sheikh next month, said Egyptian chief climate negotiator Mohamed Nasr on Tuesday.

Former MP Ziad El-Eleimy walked out of jail on Monday afternoon hours after receiving a presidential pardon, according to MP Tarek El-Khouly, member of the Presidential Pardon Committee.

Egypt’s Prime Minister Mostafa Madbouly affirmed on Sunday that Egypt prioritises curbing inflation over the issue of exchange rate, stressing that the devaluation of the Egyptian pound does not mean that the economy is in a bad situation.

During her visit to Cairo this week, Gillian Keegan, the UK Minister for Africa, thanked Egypt for its role in promoting stability across the Middle East and North Africa (MENA) and applauded the government's preparations for the COP27

Egypt has voiced support to Saudi Arabia’s explanation of the technical considerations behind the recent decision of the OPEC+ group to cut oil production, which triggered tensions.

Egypt expects to attract foreign currency worth around EGP 50 billion ($2.5 billion) from the four-month initiative announced recently by the government that allows Egyptians expats to import personal cars free of customs duties or taxes, Finance Minister Mohamed Maait said on Sunday.

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