The Central Bank of Egypt (CBE) approved Thursday the appointment of Development Partners International (DPI) as the new manager of the Nclude FinTech Fund, as part of a broader push to attract foreign investment and scale Egypt's financial (...)
The Egyptian Drug Authority (EDA) chairman Ali El-Ghamrawy attended a joint high-level meeting between the African Medicines Agency (AMA) and the European Medicines Agency (EMA) held in Amsterdam, Netherlands.
The meeting aimed to strengthen (...)
Asia-Pacific markets ended mixed on Tuesday as investors digested comments from former US President Donald Trump suggesting a trade agreement with China had been reached.
Japan's Nikkei 225 shed 0.65 per cent to close at 38,173.09, while the broader (...)
China confirmed the trade agreement announced by US President Donald Trump on Thursday, emphasising the importance of both parties adhering to the agreement and stating that China consistently honours its commitments.
The agreement, established (...)
Gold prices climbed to a one-week high on Thursday, supported by rising geopolitical tensions in the Middle East and uncertainty over global trade, which drove safe-haven demand.
Spot gold rose 1.0 per cent to $3,388.81 per ounce by 12:38 GMT, up (...)
Egypt's gold prices rebounded on Thursday at 01:35 pm (10:35 GMT), marking an uptick after two straight days of decline, according to data from an electronic gold price platform.
Price fluctuations across various gold carat weights reached up to (...)
Egypt's Bibliotheca Alexandrina has launched the Hieroglyphs Step by Step website, the first interactive platform dedicated to teaching the ancient Egyptian language, according to a statement from the Cabinet.
The platform offers educational content (...)
The Central Bank of Egypt (CBE), in coordination with the Ministry of Finance, is offering 90 billion Egyptian pounds in treasury bills (T-bills) on Thursday.
The auction is conducted in two tranches: 182-day T-bills worth 45 billion Egyptian (...)
The People's Bank of China (PBC) announced on Thursday a 7-day 119.3-billion-yuan reverse repo at an interest rate of 1.40 per cent.
Reverse repo is a tool used by central banks to manage liquidity. The PBC purchases securities from commercial banks (...)
Egypt's Ministry of Finance clarified on Thursday that the purpose of allocating a prime land plot to the ministry in the Red Sea governorate is to enter into partnerships with entities operating in the financial sector, as well as with economic (...)
Egypt's Prime Minister Moustafa Madbouly held a meeting to review investment opportunities in the tourism and antiquities sectors, in a bid to enhance foreign direct investment (FDI), according to a Cabinet statement.
Madbouly stressed that the (...)
Egypt's Minister of Labour Mohamed Gobran held virtual meeting on Tuesday with a delegation from the European Union to explore avenues for cooperation on key areas of mutual interest, according to a statement by the Cabinet.
The discussions focused (...)
Egypt's National Food Safety Authority (NFSA) head Tarek El-Houby emphasised the role of international cooperation and knowledge-sharing in leveraging digital tools to improve food safety and consumer protection, as per a Cabinet statement.
During (...)
South Korea's exports experienced a single-digit increase in the first 10 days of this month, driven by a surge in demand for domestically produced semiconductors and automobiles, data from the Customs office showed on Wednesday.
Exports reached (...)
Egypt posted its highest primary surplus since 2005 at 3.1 per cent of GDP during the July–May period, despite a drop in Suez Canal revenues and additional energy sector support, Finance Minister Ahmed Kouchouk stated on Wednesday.
Kouchouk (...)
Egypt's Minister of Higher Education and Scientific Research Ayman Ashour said on Wednesday that boosting international cooperation remains a cornerstone of the country's national strategy for higher education and scientific research.
The 2024/25 (...)
Egypt's Minister of Agriculture Alaa Farouk said that the government is intensifying efforts to boost agricultural investment and partnerships across African countries, as per a Cabinet statement on Wednesday.
The minister made the remarks during a (...)
The Central Bank of Egypt (CBE) has extended the deadline for auditors and affiliated accounting firms listed in its official register to regularise their status, the bank announced on Wednesday.
The grace period, originally set to expire on 20 May (...)
The People's Bank of China (PBC) announced on Wednesday a 7-day 164-billion-yuan reverse repo at an interest rate of 1.40 per cent.
Reverse repo is a tool used by central banks to manage liquidity. The PBC purchases securities from commercial banks (...)
The Indian rupee slightly increased in early trading on Wednesday, supported by foreign banks selling the US dollar, while other Asian currencies remained stable following the agreement between the US and China to reduce trade tensions.
The rupee (...)
Asia-Pacific markets rose on Wednesday as trade talks between the US and China resulted in a deal, according to officials from both countries.
Mainland China's CSI 300 index increased by 0.75 per cent to end the day at 3,894.63, and Hong Kong's Hang (...)
Egypt's gold prices dropped for the second consecutive day on Wednesday at 02:45 pm (11:45 GMT) compared to Tuesday, June 10th, according to an electronic gold price platform.
Metal May 27 (EGP) May 26 (EGP) Change %
24 Carat 5,297.25 5,342.75 (...)
Gold prices rose on Wednesday as investors remained cautious due to uncertainty surrounding the US-China trade truce and awaited important US inflation data for insights into the Federal Reserve's interest rate plans.
As of 12:20 PM GMT, spot gold (...)
The Suez Canal Economic Zone (SCZone) announced that Sokhna Port has received the Maltese-flagged cruise ship AROYA, arriving from the Red Sea Port of Safaga, with 2,351 tourists and 1,500 crew members on board. The 303-metre-long vessel, with a (...)
The number of payrolled employees in the UK fell by 55,000, or 0.2 per cent, between March and April 2025, and by 115,000, or 0.4 per cent, over the year to April 2025, data published by the Office for National Statistics (ONS) showed on (...)