The US Senate on Wednesday voted down two resolutions that sought to block more than $3 billion in arms sales to Qatar and the United Arab Emirates.
In separate 56–39 votes, senators rejected efforts to halt a $1.9 billion sale of armed drones to (...)
Fitch Ratings downgraded its 2025 outlook for the global shipping sector to 'deteriorating' from 'neutral', citing falling demand in container and dry bulk shipping. The container segment faces a sharp drop in profits from 2024 levels, which had (...)
The Egyptian Exchange (EGX) ended sharply lower on Thursday, with all major indices in negative territory amid broad-based selling by local investors.
The benchmark EGX30 index dropped 1.29% to close at 32,511.68 points, while the EGX33 (...)
Egypt is seeking to position itself as a regional hub for insurance in Africa, Minister of Investment and Foreign Trade Hassan El-Khatib said on Thursday, following talks with executives from global insurer AXA.
Minister El-Khatib met with Hassan (...)
Egypt achieved a primary surplus of 3.1 per cent of GDP during the period from July 2024 to May 2025, marking the highest level since 2005.
The surplus reflects the success of economic reforms and the state's efforts to strengthen fiscal policy (...)
Egypt's Prime Minister Moustafa Madbouly chaired a meeting to follow up on the implementation of Egypt's government IPO programme, part of ongoing efforts to enhance private sector participation in the economy.
The discussions included updates on (...)
Khalda Petroleum Company, which operates concessions in Egypt for US Apache Corp, is set to bring two new wells into production this June, with an initial combined output of approximately 5,400 barrels of crude oil per day (bpd), Egypt's Ministry of (...)
Egypt recorded its highest growth in tax revenues in recent years, with a 37.8 per cent increase from July 2024 to April 2025, according to the Egyptian cabinet.
Revenues rose to 1.7 trillion Egyptian pounds, reflecting the effectiveness of the (...)
Egypt's Minister of Supply and Internal Trade Sherif Farouk met with representatives of the Food suppliers and distributors in Giza governorate, the Ration Grocers' Syndicate, and Gamaeiti project to discuss proposed reforms to the country's ration (...)
Egypt's economy is expected to expand by 3.8 per cent in the 2024/25 fiscal year, up from an estimated 2.4 per cent in the previous year, driven by a rebound in private consumption and investment, the World Bank said in its latest Global Economic (...)
Egypt launched a new phase of the Ezraa (Plant) initiative to support small farmers and strengthen national food security, as announced in a Cabinet statement on Wednesday.
The initiative is a collaboration between the Ministry of Social Solidarity, (...)
The US and China have agreed on a preliminary framework aimed at salvaging their fragile trade truce, lifting export restrictions on critical minerals and averting a renewed tariff escalation, officials said following two days of talks in London.
US (...)
Egypt's economy is expected to maintain its recovery in the coming years, with the African Development Bank (AfDB) projecting real GDP growth to rise from 2.4 per cent in 2024 to 3.9 per cent in 2025 and 4.8 per cent in 2026.
According to the bank's (...)
Egypt's stock market (EGX) closed mostly higher on Wednesday. The main index, EGX30, went up by 0.09 per cent, to 32,935.19 points.
The Shariah index, EGX33, dropped by 0.04 per cent, to 3,434.01 points.
The SMEs index, EGX70, rose by 0.18 per cent, (...)
US consumer prices (CPI-U) rose 0.1 per cent in May on a seasonally adjusted basis, after rising 0.2 percent in April, according to the US Bureau of Labour Statistics. The annual inflation rate reached 2.4 per cent, up slightly from 2.3 per cent in (...)
Egypt's agricultural exports have reached 4.8 million tons since the beginning of 2025, compared to 4.3 million tons during the same period last year.
Citrus fruits topped the list of agricultural exports with approximately 1.8 million tons, (...)
Egypt's Financial Regulatory Authority (FRA) has approved the renewal of registration for three companies — Zilla Capital, RSM, and Premiere Advisory—in its financial advisors' registry.
The approval, valid for three years from May 27, 2025, allows (...)
Egypt's Prime Minister Moustafa Madbouly has said the government has begun promoting several promising sectors as part of a unified national investment strategy overseen by President Abdel Fattah El Sisi.
The strategy includes structural reforms, (...)
Egypt's stock market closed in the green area on Tuesday.
The main index, EGX30 went up by 0.69 per cent, to 32,904.06 points.
The Shariah index, EGX33 surged by 1.47 per cent to 3,435.33 points.
The SMEs index, EGX70 rose by 1.25 per cent, to (...)
Egyptian Environment Minister Yasmine Fouad has praised the ongoing consultative meetings on a plastic pollution treaty, describing them as instrumental in supporting the negotiation process and customary procedures to reach a legally binding global (...)
Egypt's non-oil private sector saw a softer contraction in May 2025, with the S&P Global Purchasing Managers' Index (PMI) rising to 49.5 from 48.5 in April, signalling the mildest deterioration in business conditions in three months. Despite staying (...)
The Egyptian Exchange (EGX) closed in the green area on Tuesday, with the main index, EGX30 going up by 0.09 per cent, to 32,355.41 points.
The Shariah index, EGX33 advanced 0.36 per cent to 3,378.97 points.
The SMEs index, EGX70 rose by 1.12 per (...)
Egypt's state grains buyer Future of Egypt agreed in April to purchase around 180,000 metric tons of French wheat in private deals with two major European traders, trading sources told Reuters, signalling a shift towards greater direct engagement (...)
Egypt's pharmaceutical market surged to 309 billion Egyptian pounds in 2024, up 43 per cent year-on-year from 216 billion pounds in 2023, according to data presented at the 15th board meeting of the Egyptian Drug Authority (EDA) on Tuesday.
The (...)
Egypt is preparing to launch a national Startup Charter and a targeted support programme for high-growth companies, as part of efforts to strengthen the country's entrepreneurship ecosystem and attract investment, Prime Minister Moustafa Madbouly (...)