In the heart of Egypt's bustling capital, a fire that broke out late on Monday, July 7, at the iconic Ramses Central building quickly turned into a national emergency. The telecommunications hub—originally inaugurated in 1927 by King Fuad I—was (...)
Egyptian President Abdel Fattah Al-Sisi met with the head of Russia's state atomic energy corporation Rosatom on Tuesday in the city of New Alamein to discuss developments on the Dabaa Nuclear Power Plant project, the presidency said.
The meeting (...)
Catalyst Partners Middle East (CPME), Egypt's first licensed Special Purpose Acquisition Company (SPAC), said its shareholders have approved the acquisition of two financial services firms in a share-swap deal valued at EGP 2.8bn.
The company's (...)
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, affirmed that transforming the Egyptian Mineral Resources Authority (EMRA) into an economic authority will provide it with the necessary tools and capabilities for sectoral (...)
Gold prices edged lower during Tuesday's trading session, weighed down by a stronger US dollar and waning expectations of an imminent interest rate cut by the Federal Reserve. The decline also reflects growing investor unease over escalating global (...)
Egypt's trade deficit narrowed by 9.5% in April 2025 to $3.42bn, compared with $3.78bn in the same month a year earlier, as the value of exports surged, the state statistics agency CAPMAS said on Tuesday.
The value of exports increased by 19.8% to (...)
Egypt's Agriculture Minister and a Namibian parliamentary delegation have discussed strengthening agricultural cooperation, with both sides agreeing to form technical committees to draft a memorandum of understanding, the ministry said in a (...)
The Central Bank of Egypt (CBE) has announced a temporary increase in the daily cash withdrawal limit for individuals and companies at bank branches, raising the cap in local currency to EGP 500,000—up from the previous limit of EGP 250,000.
This (...)
Minister of Electricity and Renewable Energy Mahmoud Esmat held talks with Minister of Public Enterprises Sector Mohamed El-Shimy to enhance cooperation on integrating renewable energy and implementing energy efficiency standards across Egypt's (...)
Egyptian authorities on Tuesday raced to contain the fallout from a fatal fire at a key Cairo telecommunications hub, suspending the stock market, doubling cash withdrawal limits, and working to reroute disrupted internet and phone services.
The (...)
As ceasefire negotiations stall in Doha, Gaza is witnessing one of the deadliest escalations in recent weeks, with intensified resistance operations and surging humanitarian alarm over the ongoing Israeli assault.
On the 641st day of the war, the (...)
Egypt's Minister of Environment, Yasmine Fouad, held a meeting with UK Ambassador to Cairo Gareth Bayley to discuss deepening bilateral cooperation on the green transition, with a focus on sustainable tourism, environmental investment, and clean (...)
Egyptian Prime Minister Mostafa Madbouly and Uruguayan President Yamandú Orsi on Monday discussed efforts to secure a ceasefire in Gaza and ways to boost bilateral trade during a meeting on the sidelines of the BRICS summit in Brazil.
Madbouly, who (...)
Leaders of the 11-nation BRICS group on Monday called for a more equitable global order and the strengthening of multilateralism, signing a joint declaration at a summit in Rio de Janeiro that also pushed for reforms of global financial (...)
Egypt called on BRICS nations to strengthen cooperation between their central banks and push forward with enabling financial settlements in local currencies, its prime minister said at a summit session in Rio de Janeiro.
Speaking on behalf of (...)
Talaat Moustafa Group Holding (TMG), Egypt's largest listed real estate developer, announced contractual sales of EGP 211bn for the first half of 2025, a 59% increase compared to the same period last year.
The company said the figure represents its (...)
The New Development Bank (NDB) has approved Colombia and Uzbekistan as new members, its president Dilma Rousseff said, as the lender focuses on expanding its membership and increasing financing in local currencies for sustainable development in the (...)
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, held on Monday an extensive meeting with automotive manufacturers operating in Egypt to review recent amendments to the National Automotive (...)
Minister of Public Enterprises Sector Mohamed Shimi met with Norway's Ambassador to Egypt and Libya, Hilde Klemetsdal, and her accompanying delegation at the ministry's headquarters in the New Administrative Capital, as part of efforts to strengthen (...)
The Central Bank of Egypt (CBE) has issued a directive requiring banks to support their exporting clients in meeting global environmental and sustainability standards during the production of goods intended for export.
These standards include (...)
The Commercial International Bank (CIB) Egypt has signed a mid-term financing agreement worth EGP 963m with OSL for Entertainment Projects (OSL), a subsidiary of Orascom Investment Holding, to support the redevelopment of the sound and light show (...)
The Ministry of Petroleum and Mineral Resources has launched an integrated programme to drill 11 new wells, expected to yield approximately 160 billion cubic feet of natural gas. The project will also add a daily output of around 100 million cubic (...)
Egyptian President Abdel Fattah Al-Sisi met on Monday with Somali President Hassan Sheikh Mohamud in the coastal city of New Alamein during an official visit focused on deepening bilateral ties and addressing regional developments, particularly in (...)
Egypt's Minister of Health and Population, Khaled Abdel Ghaffar, met with Alessandro Fracassetti, the United Nations Development Programme's (UNDP) Resident Representative in Egypt, to explore avenues for deepening cooperation—particularly in the (...)
Venezuela vowed to uphold its sovereignty on the 214th anniversary of its declaration of independence, with a top diplomat in Cairo reaffirming the country's commitment to peace and resistance against what he called "imperialist attacks."
Speaking (...)