Oil prices rose by more than $1 on Thursday, extending gains amid stalled talks between the United States and Iran and ongoing restrictions on shipments through the Strait of Hormuz.
Brent crude climbed 1.2 per cent to $103.17 per barrel, while West (...)
Egypt's Prime Minister Moustafa Madbouly inaugurated the NEW SEFLOON factory for aluminium products and cookware, with investments amounting to $2.5 million. The factory is built on a 5,680-square-metre site, provides 45 jobs, and has an annual (...)
Egypt's Prime Minister Moustafa Madbouly inaugurated on Thursday the Pearl Polyurethane NA factory in the Sokhna Industrial Zone, with investments worth $3 million.
The factory is located within the Main Development Company's industrial developer (...)
Egypt's Prime Minister Moustafa Madbouly inaugurated on Thursday the HK Ding Chang Sheng Group Co Ltd factory for the production of various home textiles within the TEDA Egypt industrial developer area, with investments of around $6 million.
The (...)
Egypt's Prime Minister Moustafa Madbouly inaugurated on Thursday the Borex Glass Co. factory in the Sokhna Industrial Zone, with investments of up to $8 million.
The factory, located within the TEDA Egypt industrial developer area, specialises in (...)
Egypt's Prime Minister Moustafa Madbouly inaugurated on Thursday the Shangyuan steel structures factory in the Sokhna Industrial Zone (SCZONE), with investments of $3 million.
The factory is built on an area of 15,863 square metres, with an annual (...)
Egypt's Prime Minister Moustafa Madbouly inaugurated on Thursday the Green Recycle Limited plastics recycling factory in the integrated Sokhna Industrial Zone, with investments of $5 million.
The project is built on an area of 30,000 square metres, (...)
Egypt's Prime Minister Moustafa Madbouly inaugurated on Thursday the expansion of Ateco Pharma Egypt for intravenous medical solutions in the Sokhna Industrial Zone, with investments of $10 million for the second phase, bringing total investments in (...)
Egypt's stock market (EGX) closed in the green zone on Thursday.
* The benchmark index, EGX30, went up by 0.79 per cent to 52,375.39 points.
* The Shariah index, EGX33, climbed by 0.25 per cent to 5,528.33 points.
* The index EGX35-LV soared by (...)
Egypt's Prime Minister Moustafa Madbouly inaugurated nine industrial projects in the Sokhna Industrial Zone (SCZONE) on Thursday. The projects bring total investments in the zone to $6.5 billion and have generated tens of thousands of jobs for young (...)
Egypt, represented by Islam Azzam, chairman of the Financial Regulatory Authority (FRA), has been elected chair of the Growth and Emerging Markets Committee (GEMC) of the International Organisation of Securities Commissions (IOSCO) for the 2026–2028 (...)
Egypt's stock market (EGX) closed mostly in the green area on Wednesday.
* The benchmark index, EGX30, went down by 0.03 per cent to 51,962.39 points.
* The Shariah index, EGX33, advanced by 0.61 per cent, to 5,514.55 points.
* The EGX35-LV index (...)
Egypt's Prime Minister Moustafa Madbouly has appointed Omar Mohamed Sadek Radwan as Chairman of the Egyptian Exchange (EGX) for a one-year term, according to a Cabinet decision issued on Wednesday.
The move comes as Egypt continues efforts to (...)
Oil prices eased on Wednesday as markets weighed uncertainty over US–Iran ceasefire talks, despite an extension announced by Donald Trump. Brent crude fell 0.3 per cent to $98.16 per barrel, while West Texas Intermediate dropped 0.6 per cent to (...)
Oil prices fell over $1 on Tuesday, reversing Monday's rally, as expectations of US-Iran peace talks this week raised prospects of increased Middle East supply.
Brent crude dropped 1.1 per cent to $94.44 a barrel, while US West Texas Intermediate (...)
United Nations Secretary-General António Guterres appointed Rania Al-Mashat of Egypt as Executive Secretary of the United Nations Economic and Social Commission for Western Asia (ESCWA) on Monday, succeeding Rola Dashti. Mourad Wahba will continue (...)
Egypt's Prime Minister Moustafa Madbouly said on Monday discussions are currently underway with several countries to establish logistics hubs for grains and oils in Egypt.
He added that the initiative had already been discussed between President (...)
Egypt's Minister of Petroleum, Karim Badawi, met on Monday with Diego Portoghese, Head of the North Africa and the Levant Region at Eni, and Francesco Gasparri, General Manager of Eni Egypt. The meeting reviewed exploration and production activities (...)
Egypt's Suez Canal Authority Chairman Osama Rabie, met on Tuesday with Wei Jianqing, Vice Chairman of Egypt TEDA Investment and General Manager of Teda China-Africa, to discuss strengthening cooperation in industrial and logistics sectors.
Rabie (...)
Egypt's Egyptian Exchange (EGX) is expanding its initial public offering programme (IPO) with the addition of six new state-owned companies, following the completion of the previous listing phase, as part of ongoing efforts to deepen market activity (...)
Egypt's Badr El Din Petroleum Company (BAPETCo) cuts drilling time by 10 days and saves $500,000 through advanced engineering solutions at the BED 16-33 well in the Western Desert, in cooperation with the Egyptian General Petroleum Corporation (...)
Egypt's stock market (EGX) closed in the green zone on Tuesday.
* The benchmark index, EGX30, went up by 0.32 per cent to 51,977.34 points.
* The Shariah index, EGX33, climbed by 1.01 per cent to 5,481.3 points.
* The index EGX35-LV soared by (...)
Egypt's energy-saving plan, introduced in response to heightened regional tensions, delivered electricity savings of 18,000 megawatt-hours and reduced fuel use by 3.5 million cubic metres in its first week, Prime Minister Moustafa Madbouly said (...)
Egypt's General Authority for Investment and Free Zones (GAFI) approved on Sunday the country's first special investment zone with integrated customs services for the development of The Spine flagship in New Cairo.
The approval was granted to Orion (...)
Global oil prices surged more than 5 per cent on Monday as tensions between the United States and Iran escalated, raising fears that a fragile ceasefire could collapse following the US seizure of an Iranian cargo ship and continued disruption in the (...)