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Tag Archives: Egypt

Ancient royal tomb unearthed in Egypt’s Luxor

Cairo, Egypt | XINHUA |  An ancient royal tomb was unearthed at the Western Wadis (Valleys) of the Theban Necropolis on the west bank of Nile River in the southern Egyptian city of Luxor, said the Egyptian Ministry of Tourism and Antiquities on Saturday. The tomb, unveiled by a joint …

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Egypt’s currency halves in value in 10 months

Cairo, Egypt | Xinhua |  The Egyptian pound further declined against the U.S. dollar on Wednesday, plunging to below 31 pounds to the dollar before settling at 29.7 in the afternoon. The Egyptian local currency has lost about half of its value since March 2022, when a dollar was worth …

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IMF approves 3-bln-USD loan to Egypt

Cairo, Egypt | Xinhua | The International Monetary Fund (IMF) said on Friday that its executive board had approved a loan to Egypt of about 3 billion U.S. dollars over 46 months. The decision enables an immediate disbursement of about 347 million dollars to Egypt, “which will help meet the balance of …

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COP27 opens in Sharm El-Sheikh, Egypt

Sharm El-Sheikh, Egypt | Xinhua | The 27th Conference of the Parties of the United Nations Framework Convention on Climate Change (COP27) opened on Sunday in Egypt’s coastal city of Sharm El-Sheikh in hopes to turn global climate finance pledges into action. During his speech at the opening ceremony, Egyptian …

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Egypt to launch first satellite for climate monitoring

The satellite prototype will be displayed at COP 27 in Sharm El-Sheikh Cairo, Egypt | BIRD STORY AGENCY | After years of research, the Africa Development Satellite Initiative, AfDev-Sat, will display its prototype satellite at COP 27 in Sharm El-Sheikh through the Egyptian Space Agency. Egypt announced plans to use …

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