17 April, 2026

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The exchange of the Luxor Obelisk for a French mechanical clock

In 1830, Muhammad Ali Pasha, the governor of Egypt, issued a decree gifting the twin obelisks of the Luxor Temple to France. This gesture was intended to solidify the strategic alliance between the two nations—a partnership Ali deemed essential for his ambitious vision of propelling Egypt from its medieval roots into the modern era of …

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Egypt Independent January 13, 2026

Ukraine and Russia exchange hundreds of prisoners, part of the biggest swap of the war

CNN  —  Russia and Ukraine have completed the first phase of what is expected to be the biggest prisoner exchange since the start of the war, with almost 800 people released on Friday. The swap started on Friday and will continue on Saturday and Sunday, with Kyiv and Moscow expected to swap 2,000 people – …

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Egypt Independent May 24, 2025

Hamas approves list of Israeli hostages for potential exchange, Reuters reports

CNN  —  Hamas has approved a list of 34 Israeli hostages to be exchanged in a possible ceasefire deal, Reuters reported, citing a Hamas official. The Israeli government denied receiving a list of hostages from Hamas, adding that the names published in the media are from an older list that Israel had presented to mediators. …

The post Hamas approves list of Israeli hostages for potential exchange, Reuters reports appeared first on Egypt Independent.

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Egypt Independent January 7, 2025

US dollar exchange rate against Egyptian pound at major banks on Friday

On Friday, the Egyptian pound exhibited renewed stability against the US dollar, holding onto its most recent decline as reflected in the rates of 17 banks. This stability comes in tandem with the Central Bank of Egypt’s Monetary Policy Committee’s decision on Thursday, to maintain interest rates unchanged. The overnight deposit rate remained at 27.25 …

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Egypt Independent December 27, 2024

“Don’t be alarmed if the exchange rate increases”: Egypt’s Prime Minister

Prime Minister Mostafa Madbouly addressed concerns about the Egyptian pound’s exchange rate during a press conference on Thursday. He assured the public that Egypt is committed to a flexible exchange rate policy and that there will be no restrictions on the movement of the dollar. Madbouly acknowledged the possibility of future fluctuations in the dollar’s …

The post “Don’t be alarmed if the exchange rate increases”: Egypt’s Prime Minister appeared first on Egypt Independent.

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Egypt Independent November 29, 2024

US dollar exchange rate across Egypt’s banks on Tuesday

The US dollar exchange rate against Egypt pound witnessed a state of stability at the beginning of trading on Tuesday after a slight increase in banking transactions by the end of Monday. According to the latest update issued by the Central Bank of Egypt, the US dollar price reached LE 49.38 for purchase and LE …

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Egypt Independent November 20, 2024