Egyptian Finance Minister Mohamed Maait has told Bloomberg said that his country will not get a new loan from the International Monetary Fund (IMF) until after one or two months. The current alternative for Egypt is to resort to countries such as China and Japan to get a “soft loan”.

The country’s economy has been very hard hit by cascading crises which have disrupted worldwide trade.

Starting later this month, the Russian ruble will be on the list of currencies used by Egyptian banks and be used by tourism companies and hotels in a bid to boost Russian tourism in Egypt, an Egyptian Central Bank official told Al-Monitor.

On Sunday, bulldozers and heavy machinery were wheeled into Risa, an area in the coastal North Sinai city of Arish, North Sinai, which had been cordoned off and closed over 24 hours prior and watched over by senior security officials and police units. Once there, officials began to evict residents …

Al-Masry Al-Youm has gotten a first-hand look at the development work and construction at al-Warraq Island.

The Egyptian president has purchased a new presidential jumbo jet at the cost of $500 million, triggering fierce debate on social media over the timing of the purchase, which comes amidst a severe economic crisis.

Set between irrigated farmland and rocky desert southwest of Cairo, once pristine Qarun Lake used to teem with tilapia, bass and bream and shrimp, offering generous catches to fishermen from surrounding villages.

Egyptians could face a tea supply shortage in less than a month if banks do not release US dollars needed for import deals, a giant tea company warned on Monday.

Tug boats refloated an oil tanker that was briefly stranded in Egypt’s Suez Canal late on Wednesday due to a technical fault with its rudder, the Suez Canal Authority (SCA) said.

Egypt has decided to issue bond’s denominated in China’s currency, the yuan. Egyptian Finance Minister Mohamed Maait said at a press conference today that Egypt will issue $1.5 and $2 billion’s worth of the yuan-denominated bonds, multiple Arabic-language media outlets reported.