An Israeli military battalion that assaulted and detained a CNN team in the occupied West Bank has been redeployed after a one-month suspension, an Israeli security source told CNN. The reserve unit, which functions under the ultra-Orthodox “Netzah Yehuda” battalion, underwent an education seminar and additional training, the source said. According to Israel’s Army Radio, …
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Ysmael is already feeling the squeeze of rising prices in Haiti. “Everything has gone up,” she says in a World Food Programme video, from the fare for a ride on a “tap-tap” bus to the cost of putting dinner on the table, all due to fuel price hikes linked to the Iran war. But those …
The post A lifeline for Haiti could soon be severed by the US Supreme Court appeared first on Egypt Independent.

US President Donald Trump stated that Iran had informed Washington it was “in a state of collapse” and wanted the Strait of Hormuz reopened as quickly as possible. In a social media post, Trump said Iran was pressing for the reopening of Hormuz while attempting to stabilize its internal leadership, though he did not specify […]
The post Trump: Iran seeks swift Hormuz reopening as pressure war intensifies first appeared on Dailynewsegypt.

Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), witnessed the signing of a landmark agreement with Alpha Smart, a company specializing in investment and industrial development, to establish a fully integrated complex of ready-made factories in the Sokhna Industrial Zone. The project spans 500,000 square meters, divided into two phases of 250,000 […]
The post Alpha Smart launches $100m integrated factory complex in Sokhna first appeared on Dailynewsegypt.

  Agriculture continues to be one of the most important parts of Egypt’s economy, because it contributes a significant share of national income while also supporting livelihoods in many regions.  In recent years, data from the World Bank indicates that agriculture, forestry, and fishing have consistently contributed roughly 12 to 15 percent of Egypt’s Gross Domestic Product (GDP), with estimates of around 13 to 14 percent in 2023–2024.    This performance places Egypt above the global average, where agriculture typically accounts for less than 10 percent of GDP, showing the sector’s importance even after efforts of diversification.    Historically, agriculture’s share of GDP was much higher, standing at nearly 30 percent in the 1960s and 1970s. Over time, that share declined largely as other sectors expanded fast.   Nonetheless, Egypt’s agricultural expansion remains visible in official figures. The Ministry of Planning and Economic Development data shows that agricultural GDP exceeded EGP 1.3 trillion (USD 24 billion) by 2024/2025, reflecting both production growth and price effects.    Employment is another major dimension of agriculture’s importance. CAPMAS data, consistent with World Bank findings, indicate that agriculture employs approximately 25 to 30 percentContinue reading "Why Agriculture Still Anchors Egypt’s Economy Despite Economic Diversification Efforts"
The post Why Agriculture Still Anchors Egypt’s Economy Despite Economic Diversification Efforts first appeared on Egyptian Streets.

Egypt has cancelled its early closing rule for shops and restaurants, bringing back normal working hours across the country. The decision was announced on Sunday, 26 April after a cabinet meeting led by Prime Minister Mostafa Madbouly. Officials reviewed how the earlier restrictions affected businesses and the economy before deciding to reverse them. Under the new rules, shops and malls will open from 7:00 AM to 11:00 PM, staying open until midnight on Thursdays, Fridays, and public holidays. Restaurants and cafés can now operate from 5:00 AM until 1:00 AM. Delivery and takeaway services will continue to run 24 hours a day. Workshops in residential areas will work from 8:00 AM to 7:00 PM, with some exceptions for urgent services. Essential services like supermarkets, bakeries, pharmacies, and wholesale markets will continue to operate without restrictions. The early closing rule was introduced on 28 March to reduce electricity and fuel use for an initial duration of one month. At first, businesses had to close as early as 9:00 PM, with slightly longer hours on weekends. Later, the government extended closing time to 11:00 PM until 27 April after mixed reactions fromContinue reading "Egypt Restores Normal Business Hours After Ending Early Closing Rule"
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The UAE announced on April 28 that it is withdrawing from both OPEC and OPEC+, a major setback for the oil producers’ alliance and its leading member, Saudi Arabia, according to Reuters. The decision comes amid the ongoing Iran war, which has triggered an energy shock and rattled global markets. As a long-standing member of […]
The post UAE Exits OPEC, OPEC+ Amid Oil Shock first appeared on Egypt Oil & Gas.

Minister of Petroleum and Mineral Resources, Karim Badawi, represented Egypt and delivered a keynote address at the opening of the Organization for Economic Co-operation and Development (OECD) Critical Minerals Forum in Istanbul, Türkiye. Badawi took part in the high-level ministerial panel discussion held during the opening session, alongside Bandar Alkhorayef, Saudi Arabia’s Minister of Industry […]
The post Badawi Outlines Egypt’s Strategy for Mining Value Creation at OECD Forum first appeared on Egypt Oil & Gas.