Egypt on Thursday extended Italian energy giant Eni SpA's concession rights in the Gulf of Suez and Nile Delta to 2040, a move aimed at maximising the country's oil and gas output and tapping unexploited reserves.
The state-run Egyptian General (...)
Egypt's Financial Regulatory Authority (FRA) has approved on Thursday the creation of the country's first digital platform for real estate fund investments, marking a milestone in the digital transformation of the non-banking financial sector.
The (...)
Egypt has inked a 15-year contract with a consortium of Deutsche Bahn International Operations (DB) and El Sewedy Electric to operate its high-speed electric rail network, starting with the inaugural Sokhna–Matrouh line.
According to a statement (...)
The Central Bank of Egypt (CBE) said on Thursday it would offer its second three-year sovereign sukuk valued at 3 billion Egyptian pounds on Monday, 17 November, carrying a fixed yield of 21.561 per cent.
The sukuk will mature on 4 Nov., 2028, the (...)
Egypt's stock market (EGX) closed Thursday on a mixed note, with blue chips edging lower while Shariah-compliant shares advanced.
The EGX30 index, which tracks the country's largest and most liquid companies, fell 0.09 per cent to 40,190.62 (...)
Egypt plans to roll out medium-term fiscal strategies starting with debt management before the end of December, Finance Minister Ahmed Kouchouk said on Thursday, as the government seeks to sustain private investment growth and boost (...)
Egypt and India are exploring new avenues for cooperation and joint investment in the gas, mining, and petrochemical industries, officials from both countries said following a high-level meeting in Cairo on Wednesday.
Egypt's Petroleum and Mineral (...)
Egypt unveiled Thursday a National Strategy for Rare Diseases during the opening of the 3rd Global Congress on Population, Health, and Human Development (PHDC'25), aiming to expand early detection, diagnosis, and specialised care for patients with (...)
Nile University (NU) and the Top 50 Most Influential Women Forum announced a landmark partnership on Wednesday aimed at bridging the gap between academia, civil society, and the private sector to prepare Egyptian students for the jobs of the (...)
Gold prices in Egypt rose on Thursday, following gains in global bullion markets and movements in the US dollar exchange rate, local traders said.
As of 16:25 local time (14:25 GMT), 24-carat gold was trading at 6,440 Egyptian pounds per gram, up (...)
Egypt's Minister of Housing Sherif El-Sherbiny met on Thursday with a World Bank mission to explore future cooperation in integrated land management, smart cities, and green building initiatives, the ministry said in a statement.
The meeting was (...)
The Egyptian pound edged slightly higher against the US dollar in early trading on Thursday, according to official exchange rate data from major banks.
As of 10:54 a.m. Cairo time (08:54 GMT), the pound was quoted at:
Bank Buy (EGP/USD) Sell (...)
Singapore-based Destiny Energy plans to invest $210 million to build new green ammonia production facilities in Egypt's Suez Canal Economic Zone (SCZONE), the Egyptian investment authority said on Wednesday. The move supports the country's ambitions (...)
The Egyptian pound inched up slightly against the US dollar in early trading on Wednesday, according to official exchange rate data from major banks.
As of 11:24 a.m. Cairo time (09:24 GMT), the pound was quoted at:
Bank Buy (EGP/USD) Sell (...)
Egypt's Minister of Electricity and Renewable Energy Mahmoud Esmat met Uzbekistan's Ambassador to Cairo Mansurbek Kilichev on Wednesday to discuss expanding cooperation and investment in renewable energy.
The talks focused on new and renewable (...)
Egypt's Suez Canal Authority (SCA) is in talks with Sudan's Sea Ports Corp. (SPC) to expand cooperation on port development, dredging, and technical training, as Cairo seeks to extend its maritime expertise across the region.
SCA Chairman Osama (...)
The World Health Organisation (WHO) on Wednesday announced that Egypt has successfully eliminated trachoma as a public health problem, marking a historic public health milestone for the country and WHO's Eastern Mediterranean Region (WHO EMR).
Egypt (...)
Egypt's stock market (EGX) ended Tuesday with mixed performance, as most indices posted gains while the benchmark EGX30 index slipped slightly.
The EGX30 index, which tracks the country's largest and most liquid companies, dipped 0.08 per cent to (...)
Egypt's Financial Regulatory Authority (FRA) has on Wednesday for the first time allowed life insurance companies to invest directly in gold and other precious metals. The move is aimed at broadening investment options, boosting returns, and (...)
Egypt and Latvia signed a memorandum of understanding on Wednesday to expand cooperation across multiple healthcare sectors, including medical training, pharmaceutical development, digital health, and health tourism.
The agreement was signed by (...)
Egypt has joined the Advanced Breast Cancer (ABC) Global Alliance, marking a new step in the country's growing international role in public health, the ministry of health announced in a statement on Tuesday.
Prominent Egyptian Oncologist Professor (...)
Egypt and the United Kingdom are stepping up cooperation to strengthen food safety standards, inspection systems, and technical training, the National Food Safety Authority (NFSA) said in a statement on Wednesday.
NFSA Chairman Tarek El-Houby met (...)
Gold prices in Egypt rose on Wednesday, mirroring gains in global bullion markets and fluctuations in the US dollar exchange rate, according to local traders.
As of 15:55 local time (13:55 GMT), 24-carat gold was trading at 6,297.25 Egyptian pounds (...)
Egypt and China initialled a memorandum of understanding on Tuesday to deepen cooperation in developing the Suez Economic and Trade Cooperation Zone (SETC), the Suez Canal Economic Zone (SCZONE) Authority said in a statement.
The agreement, signed (...)
Egypt's Prime Minister Moustafa Madbouly met a World Bank delegation on Tuesday to discuss expanding cooperation in infrastructure, energy, and water, the Cabinet said in a statement.
The delegation included Stephane Guimbert, World Bank Country (...)