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 (...)
Egypt's stock market (EGX) closed mixed on Monday.
* The benchmark index, EGX30, went down by 1.07 per cent to 51,813.43 points.
* The Shariah index, EGX33, dropped by 0.84 per cent to 5,426.69 points.
* The index EGX35-LV fell by 1.03 per cent (...)
Egypt's Minister of Petroleum, Karim Badawi, inspected oil and gas sites and rigs in the Western Desert on Saturday, starting at the Meleiha fields operated by Agiba Petroleum Company, with Eni officials present.
He reviewed the second phase of the (...)
Egypt's Minister of Petroleum, Karim Badawi, inspected night shift operations and stayed overnight with workers on the EDC 73 drilling rig during a field tour in the Western Desert.
Badawi carried out an inspection visit to the EDC 73 rig operated (...)
Egypt's Modern Gas reported strong growth for the financial year ending 31 December 2025, with net profit rising 49.6 per cent to 209 million Egyptian pounds and revenues increasing 14 per cent to 4.169 billion pounds.
The company's Chairman, Wael (...)
The Egyptian Drilling Company (EDC) reported strong results in 2025, with revenues of around $402 million and net profit after tax of $132 million, while operational efficiency reached 98.8 per cent.
The company's Chairman, Osama Kamel, said on (...)
Egypt's stock market (EGX) closed in the green area on Sunday.
* The benchmark index, EGX30, climbed by 1.82 per cent, to 52,372.64 points.
* The Shariah index, EGX33, jumped by 1.59 per cent to 5,472.63 points.
* The index EGX35-LV soared by (...)
The Egypt's Company for Transferring and Delivering Natural Gas (Butagasco) distributed around 96 million LPG cylinders in 2025, supporting market stability and meeting local demand.
Chairman Mahmoud Saleh said the company implemented the petroleum (...)
Egypt's Cabinet Media Centre on Saturday denied reports of new electricity load-shedding measures, saying a widely circulated document outlining additional energy-saving steps is "fabricated."
The centre said the document, which it stressed was not (...)
Egypt's Minister of Supply, Sherif Farouk, reviewed the latest digital transformation progress at the Internal Trade Development Authority (ITDA) during an extensive meeting focused on improving government services and institutional efficiency.
The (...)
Oil prices held broadly steady on Thursday, reversing earlier losses as investor scepticism over potential US–Iran peace talks offset market pressure from supply disruptions.
Brent crude edged down by 26 cents to $94.67 a barrel at 0611 GMT, while (...)
Egypt's stock market (EGX) ended the week in the green zone on Thursday.
The benchmark index, EGX30 went up by 1.39 per cent to 51,437.78 points.
The Shariah index, EGX33 gained 0.46 per cent to 5,387.18 points.
The index EGX35-LV added 0.30 per (...)
Egypt and Russia held talks on strengthening cooperation in food security during a video conference on Wednesday between Egypt's Supply Minister Sherif Farouk, Bahaa El-Ghannam, executive director of the Future of Egypt Authority, and Russian (...)
Egypt's Minister of Petroleum Karim Badawi held an extensive meeting on Wednesday with heads of oil and gas production companies and international firms operating in petroleum services, technology, and drilling.
He stressed that attracting (...)
Oil prices extended losses for a second day on Wednesday as expectations of renewed US–Iran peace talks eased supply concerns tied to disruptions in the Strait of Hormuz.
Brent crude fell 0.2 per cent to $94.63 a barrel after dropping 4.6 per cent (...)
Egypt's stock market (EGX) closed in the green area on Wednesday.
* The benchmark index, EGX30, went up by 1.51 per cent to 50,733.14 points.
* The Shariah index, EGX33, advanced by 0.95 per cent, to 5,362.53 points.
* The EGX35-LV index climbed (...)
Egypt disburses over Egyptian pounds 4 billion in April cash support to 4.7 million families under the Takaful and Karama programme, Minister of Social Solidarity Maya Morsy said on Wednesday.
Disbursement began on Wednesday, 15 April, with (...)
Oil prices fell on Tuesday as signs of potential talks to end the US-Israeli conflict with Iran eased supply concerns tied to disruptions in the Strait of Hormuz.
Brent crude slipped 0.6 per cent to $98.74 a barrel, while US West Texas Intermediate (...)
Egypt's Minister of Supply and Internal Trade, Sherif Farouk, launched on Tuesday the 2026 local wheat procurement season, targeting around 5 million tons to strengthen food security and support farmers.
The minister issued Decision No. 58 of 2026 (...)
Egypt's stock market (EGX) closed in the red zone on Tuesday.
* The benchmark index, EGX30, went up by 1.83 per cent to 49,978.62 points.
* The Shariah index, EGX33, climbed by 0.68 per cent to 5,311.82 points.
* The index EGX35-LV soared by 0.84 (...)
Egypt's gold investment funds recorded net assets of 9.28 billion Egyptian pounds by the end of March 2026, across 289,000 accounts, the Financial Regulatory Authority (FRA) said on Tuesday.
Individual accounts accounted for about 72 per cent of the (...)
Oil prices surged on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns about restricted flows through the Strait of Hormuz. Brent crude rose $3.69, or 3.9 per cent, to $98.44 a barrel, while US West Texas Intermediate (...)
Egypt's stock market (EGX) closed mostly green on Thursday.
* The benchmark index, EGX30, went up 1 per cent to 49,078.6 points.
* The Shariah index, EGX33, climbed by 1.28 per cent to 5,276.18 points.
* The index EGX35-LV dropped by 0.02 per (...)
Egypt's Suez Canal Authority (SCA) said on Thursday its maritime units rescued three crew members from a supply vessel after a fire broke out outside the canal's navigational channel in the western Gulf of Suez.
One crew member remains missing and (...)