Egypt's Medium, Small and Micro Enterprise Development Agency (MSMEDA) has registered 18,000 small and medium-sized enterprises (SMEs) across the country since the enactment of the Enterprise Development Law No. 152 of 2020. The registration helped (...)
The Suez Canal on Saturday welcomed the passage of the CMA CGM BENJAMIN FRANKLIN, the largest container ship to transit the waterway in two years, in a move that signals the gradual return of ultra-large vessels to the strategic route.
Osama Rabie, (...)
Egypt's net foreign reserves reached $50.071 billion at the end of October 2025, up from 49534 billion at the end of September 2025, the central bank announced on Sunday.
The $537 million increase marks a 1.1 per cent month-on-month gain, reflecting (...)
Egypt's state-owned Petroleum Projects and Technical Consultations Company (Petrojet) has obtained the Safety Certificate Contractors (SCC) accreditation, a key requirement for operating in the European market, the petroleum ministry said on (...)
Egypt's stock market (EGX) closed in the green area on Sunday.
* The benchmark index, EGX30, jumped by 2.18 per cent, to 40,821.96 points.
* The Shariah index, EGX33, climbed by 1.16 per cent to 4,149.36 points.
* The index EGX35-LV rose by 1.06 (...)
Egypt's Cabinet on Wednesday approved the establishment of Feerum Egypt, a joint venture between Samcrete Egypt and Poland's Feerum S.A., to localise the manufacturing of grain storage silos in partnership with the government and private sector.
The (...)
Egypt's Cabinet on Wednesday approved a draft law authorising the Minister of Petroleum to sign an agreement with the Egyptian General Petroleum Corporation (EGPC) for oil exploration and development in the Ras Budran and Gulf of Zeit areas in the (...)
Egypt's Grand Egyptian Museum (GEM) drew a heavy turnout on its first day of opening to the public, welcoming around 18,000 visitors, the ministry of tourism announced on Wednesday. The opening also attracted extensive media coverage from both local (...)
Asian stocks rose on Thursday, partially reversing a sharp selloff after stronger-than-expected US economic data boosted investor confidence. Japan's Nikkei gained 1.4 per cent and South Korea's Kospi added 0.8 per cent following steep losses the (...)
Oil prices rose on Thursday after easing oversupply concerns, following a two-week low in the previous session. Brent crude gained 17 cents, or 0.27 per cent, to $63.69 a barrel, while US West Texas Intermediate (WTI) added 18 cents, or 0.3 per (...)
Gold inched up on Thursday to $3,985.59 per ounce as the dollar slipped from a four-month high, with investors cautious amid the longest-ever US government shutdown. US gold futures for December delivery rose 0.1 per cent to $3,995.30.
The dollar (...)
Egypt's stock market (EGX) closed in the green area on Thursday.
* The benchmark index, EGX30 surged 2.09 per cent to 39,949.66 points.
* The Shariah index, EGX33 rose 0.76 per cent to 4,101.74 points.
* The index EGX35-LV advanced 0.74 per cent (...)
Transcargo International (TCI), which operates at Al Adabiya port within the Suez Canal Economic Zone (SCZONE), received Egypt's first customs licence to operate as a distribution center within Egyptian ports.
Under the new licence, TCI will be (...)
Egypt's New and Renewable Energy Authority (NREA) signed an agreement with a consortium comprising Japan's Yurtec Company, Egypt's Solar Installer, and REDCON Construction to establish a 20-megawatt solar power plant and a connected 30-megawatt-hour (...)
Egypt's stock market (EGX) closed mixed on Wednesday.
* The benchmark index, EGX30, went up by 0.17 per cent, to 39,132.25 points.
* The Shariah index, EGX33, advanced by 0.42 per cent, to 4,070.71 points.
* The EGX35-LV index dropped by 0.29 per (...)
The Egyptian General Petroleum Corporation (EGPC) signed a three-year extension to the Egypt Upstream Gateway (EUG) contract with SLB, including an additional $44 million in investments to further enhance and develop the platform.
Minister of (...)
Asian stocks rebounded on Wednesday after a sharp selloff triggered by a tech-led slump on Wall Street that reignited fears of overvalued markets. The volatility pushed regional indexes to their most turbulent levels since April.
Tokyo's Nikkei (...)
Oil prices slipped on Wednesday amid a broader market selloff and a stronger US dollar, as investors weighed rising stockpiles and the supply outlook. Brent crude inched down 6 cents, or 0.1 per cent, to $64.38 a barrel, while US West Texas (...)
Misr Chemical Industries Company (MCI) has signed a financing agreement to establish the first plant in Egypt, Africa, and the Middle East for producing chlorine tablets and granules, in partnership with the private sector.
The agreement was signed (...)
Gold prices rose on Wednesday as bargain hunters returned after the metal's sharp decline in the previous session, while investors awaited US private payroll data for clues on future interest rate moves.
Spot gold climbed 0.9 per cent to $3,966.65 (...)
Arcius Energy, a joint venture between BP and ADNOC's affiliate XRG, has acquired full production and exploitation rights for the North El Burg Offshore Concession in the Mediterranean through an agreement with Egypt's Egyptian Natural Gas Holding (...)
The Egyptian Natural Gas Holding Company (EGAS) signed an agreement with the SLB–Veridien alliance to conduct an advanced seismic survey using Ocean Bottom Nodes (OBN) technology across 95,000 square kilometres in the Eastern Mediterranean.
The (...)
ChatGPT said:
State-run Egyptian Electricity Transmission Company (EETC) signed on Monday supplementary agreements with the Infinity–Hassan Allam consortium to develop two major solar power projects with a combined capacity of 1,200 megawatts, (...)
Asian stocks retreated on Tuesday as investors booked profits following weeks of tech-driven rallies, while uncertainty over US monetary policy and weak economic data dampened sentiment.
Japan's Nikkei, Taiwan's TAIEX, and South Korea's KOSPI all (...)
Oil prices edged lower on Tuesday as traders viewed OPEC+'s decision to pause production hikes in the first quarter as a sign of potential oversupply. Brent crude slipped 15 cents, or 0.2 per cent, to $64.74 a barrel, while US West Texas (...)