Egypt and Israel Sign $35B Gas Deal

An Egyptian official confirmed a $35 billion deal with Israel for natural gas imports, stressing its purely commercial nature.

An Egyptian official confirmed on Thursday the signing of a $35 billion agreement with Israel to import natural gas. He stressed that the agreement has no political dimension. "This is a purely commercial deal," stated the Egyptian representative, adding that it benefits both economies. The agreement aims to meet Egypt's growing energy demand and strengthen regional energy cooperation.

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2026-01-28T10:18:09+00:00

Al Ahli Signs Striker from Norway on Loan

Egyptian club Al Ahli has signed Angolan striker Ilsen Camujiš on a six-month loan from Norwegian club Tromsø for $500,000.

Sport Economy Country

2026-01-27T13:13:12+00:00

US Dollar Suffers Sharp Loss Against Egyptian Pound

On Monday, the US dollar recorded significant and unexpected losses against the Egyptian pound in the foreign exchange market. This decline followed a period of short-lived and minor dollar gains. Analysts link this shift to new economic indicators that contributed to the strengthening of Egypt's national currency.

Economy Country

2026-01-25T13:08:48+00:00

Egypt and China Sign Agreement on Battery Cell Production

The Egyptian Cabinet's Media Center announced the signing of a strategic agreement between Egypt and China to localize the production of energy storage battery cells. This step aims to strengthen economic ties and develop the high-tech sector.

Economy Politics Country

2026-01-25T10:21:17+00:00

Egypt Cancels Customs Exemptions for Imported Phones

Head of Egyptian Customs confirms the cancellation of exemptions on imported phones, explaining it's a temporary measure to protect local industry and regulate the market, aimed at Egyptians abroad.