Annual urban consumer price inflation rose to a record 35,7% year-on-year in June from 32,7% in May, according to data from the statistics agency CAPMAS

Hala Consulting and Tourism Services, a company owned by prominent Egyptian businessman ally of President, is allegedly collecting around $2 million per day from Palestinians fleeing the Gaza Strip, demanding a minimum of $5.000 per person

Egypt and Italy will collaborate to establish a centre for artificial intelligence in Cairo, with the aim of promoting the development and use of Ai throughout Africa; the agreement was signed in Egypt’s New Administrative Capital

The Egyptian cabinet has approved the creation of a special free zone for the production, maintenance and export of marine yachts that meets standards equal to those of Europe and other international counterparts

The grace period granted to foreigners illegally residing in Egypt to legitimize their residency has been extended by six months and the new deadline is now 15 September 2024