Egypt
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Egypt Floats Currency, Hikes Interest Rates, and Secures $8 Billion IMF Deal
Egypt has taken significant steps to stabilize its economy by floating its currency and agreeing to an expanded $8 billion deal with the International Monetary Fund (IMF), mere hours after the central bank unshackled the pound and delivered a massive 600 basis points interest rate hike. Egypt has taken significant steps to stabilize its economy by floating its currency and agreeing to an expanded $8 billion deal with the International Monetary Fund (IMF), mere hours after the central bank unshackled the pound and delivered a massive 600 basis points interest rate hike. -
Egypt Fire Kills 41, Mostly Kids, In Giza Coptic Church
Electrical problem in the building's air conditioning caused the fire, authorities said. Electrical problem in the building's air conditioning caused the fire, authorities said. -
Suez Canal Blockage Legal Dispute Remains Unresolved
A lower court decided that it did not have jurisdiction over the dispute. A lower court decided that it did not have jurisdiction over the dispute. -
Egypt Impounds 'Ever Given' Until $900 Million Compensation Paid
Japan ship leasing company Shoei Kisen Kaisha is working with lawyers and insurance companies. Japan ship leasing company Shoei Kisen Kaisha is working with lawyers and insurance companies. -
Suez Canal Back In Business Tuesday After Stranded Vessel Freed
The Suez Canal Authority said that the current backlog of 422 ships should clear up in the next three to four days. The Suez Canal Authority said that the current backlog of 422 ships should clear up in the next three to four days. -
Ever Given Floats Free Of Suez Canal Sandbank After Nearly A Week
An army of tugboats, dredgers and diggers freed the Ever Given early on Monday. An army of tugboats, dredgers and diggers freed the Ever Given early on Monday. -
Stuck Container Ship In Suez Canal, Ever Given, Taking A Heavy Toll On Global Trade
Work to dislodge Ever Given has proven more complex than expected and could take more than a week. Work to dislodge Ever Given has proven more complex than expected and could take more than a week. -
Egypt's Suez Canal Scrambles To Move Giant Container Ship Blocking Traffic
About a dozen tug boats are working to free a massive container ship stuck in the Suez Canal. About a dozen tug boats are working to free a massive container ship stuck in the Suez Canal. -
Massive Container Ship Stuck In Egypt's Suez Canal, Snarling Global Shipping
The Panama-flagged container vessel Ever Given got stuck in the southern end of the canal. The Panama-flagged container vessel Ever Given got stuck in the southern end of the canal. -
Instagram Model, Photographer Arrested After Provocative Shoot In Egypt
The arrests immediately resulted in an online debate on the government's crackdown on Egyptian social media influencers. The arrests immediately resulted in an online debate on the government's crackdown on Egyptian social media influencers.