Prime Minister Moustafa Madbouli said the Central Bank of Egypt (CBE) is currently working to expand monetary cooperation and local currency settlement agreements with a number of countries, noting that negotiations are ongoing to increase the scope of these arrangements in the coming period.

Gov’t intensifies efforts to secure power supplies, reviews cash subsidy system

Prime Minister Moustafa Madbouli said the government is facing a dual challenge this summer, with fuel demand for power generation increasing while global energy prices continue to rise.

Hezbollah rejects latest deal 

Hezbollah on Thursday rejected the latest ceasefire agreement reached between Israel and the Lebanese government, demanding a complete Israeli withdrawal. The announcement came as Israeli strikes killed at least four people, according to local authorities, and a U.N. peacekeeper was killed in the crossfire.