Stories from Egypt

Austrian excavations in Avaris have discovered palaces showing contact with Minoan civilization. Researchers found traces of Minoan influence and a fragment of a Minoan lady's foot. The findings suggest historical connections between Avaris and Crete.

Shipping routes through the Suez Canal are changing due to rising transport costs. Vessels are utilizing maritime and land routes to Europe to continue cargo transfers.

Egypt is working to expand exports and transform into a regional trade center, according to analysts. The policy may eventually shift Egypt from a simple exporter to China into a production base for certain products targeting the Chinese market.

Egyptian government officials have stated that a specific Chinese policy presents a opportunity to promote Egyptian exports to China. The Egyptian newspaper Al-Ahram has published multiple reports monitoring the policy.

Egypt is implementing a pilot project in Damietta to adapt to climate change in cooperation with the United Nations. The initiative aims to address environmental challenges in the region.

Egypt has reduced its arrears to International Oil Companies (IOCs) to $770 million.

Egypt is implementing a pilot project in Damietta to address climate change adaptation through UN cooperation. The initiative aims to mitigate local environmental impacts of shifting climate patterns.

Egypt welcomed a record-breaking nearly 19 million tourists in 2023.

Risk aversion is driving a sell-off of Egyptian debt as tensions regarding the Iran war increase. London Stock Exchange Group (LSEG) data indicates markets are pricing in a 78 basis point interest rate hike by year-end. This surge in expectations is driven by rising energy prices caused by the ongoing Iran war.

Archaeologists María Mascort and Esther Pons have conducted a new excavation campaign in Osirrinco, an ancient city in Egypt. The papyrus remains are located near the surface in a very dry environment, which has protected them from constant humidity for centuries.