The Egyptian pound weakened slightly against the US dollar in midday trading on Thursday, according to official exchange data.
As of 13:02 Cairo time (11:02 GMT), the currency was quoted at the following rates across major banks:
Bank Buy (EGP/USD) (...)
Egypt's stock market (EGX) closed mostly higher on Thursday, with gains across broader indices offsetting a slight decline in the benchmark EGX30.
The EGX30 index, which tracks the country's largest and most liquid companies, dropped 0.51 per cent (...)
Gold prices in Egypt declined on Thursday, registering a uniform 0.73 per cent drop across most key purities as domestic demand softened even as global bullion markets strengthened, according to official pricing platforms.
As of 16:17 local time (...)
Egypt and South Korea signed two memoranda of understanding on Thursday to boost cooperation in culture and education, as President Abdel Fattah El-Sisi welcomed South Korean President Lee Jae-myung on his first official visit since taking office in (...)
Officials from the International Monetary Fund (IMF) will visit Egypt from 1-12 December to conduct the fifth and sixth reviews of the country's economic programme, Prime Minister Moustafa Madbouly said on Monday.
Speaking at his weekly press (...)
Egypt's General Authority for Investment and Free Zones (GAFI) participated in a conference hosted by the Omani embassy in Cairo as part of Oman's National Day celebrations, highlighting opportunities to expand bilateral economic and investment (...)
Egypt's Cabinet on Thursday approved new regulations to govern foreign film production in the country, creating a single digital window for permits and pledging incentives to attract major international projects.
The regulations, issued under a (...)
Egypt's Dabaa Nuclear Power Plant is expected to save the country between $2.5 billion and $3 billion annually, Prime Minister Moustafa Madbouly said on Thursday.
Speaking at a press conference, Madbouly said construction at the landmark project is (...)
Egypt's private sector investments surged 73 per cent this year, Prime Minister Moustafa Madbouly said Thursday, signalling strong confidence in the country's economic outlook.
Speaking at the weekly press briefing, Madbouly highlighted the growth (...)
Egypt's East Port Said region is rapidly developing into a major industrial and logistics hub, Prime Minister Mostafa Madbouly said on Thursday, as the government inaugurated a series of new projects in the area.
Speaking at a press conference, (...)
Egypt's central bank on Thursday kept its key interest rates unchanged.
The Monetary Policy Committee (MPC) kept the overnight deposit rate at 21.00 per cent, the overnight lending rate at 22.00 per cent, and the main operation, and discount rates (...)
Egypt's Cabinet approved on Thursday a presidential decree endorsing a new financing agreement with the European Union to implement a programme aimed at improving social and economic conditions in informal and disadvantaged communities.
The (...)
Egypt's Cabinet approved on Thursday a draft law mandating the minister of petroleum and mineral resources to amend the compliance agreement for oil exploration and production in the North Zafarana Development Area in the Gulf of Suez.
The changes, (...)
Egypt's Cabinet on Thursday approved granting the golden licence to the Egyptian Soda Ash Company (ESAC) for a $680 million soda ash and derivatives plant in New Alamein.
The one-stop approval is designed to streamline regulatory procedures and (...)
President Abdel Fattah El-Sisi called Wednesday's installation of the reactor pressure vessel at Egypt's first nuclear power plant in Dabaa a "historic milestone" and a decisive step towards securing the country's energy future.
Speaking via video (...)
Egypt's Ministry of Planning on Tuesday released detailed allocations for the €123 million in concessional financing and technical grants signed with Germany, outlining support for projects spanning energy transition, SME development, migration (...)
Prime Minister Moustafa Madbouly on Tuesday praised the Egyptian Public Prosecution for its "deep national role" in managing state resources and supporting the national economy, highlighting the government's full backing for its efforts.
Speaking at (...)
Gold prices in Egypt climbed on Wednesday, posting a uniform 2.32 per cent rise across all key purities as global bullion markets firmed and domestic demand softened, according to official local pricing platforms.
As of 17:37 local time (15:37 GMT), (...)
Egypt's Customs Authority will require all air cargo shipments to be registered through the Advanced Cargo Information (ACI) system starting 1 January, a move aimed at reducing clearance times and cutting import-export costs for investors, its head (...)
The Egyptian pound weakened marginally against the US dollar in early trading on Wednesday, slipping across most major banks, according to official exchange data.
As of 13:11 Cairo time (11:11 GMT), the pound was quoted at:
Bank Buy (EGP/USD) Sell (...)
The Egyptian pound slipped slightly against the U.S. dollar in midday trading on Tuesday, according to official exchange data.
At 13:11 Cairo time (11:11 GMT), the pound was quoted at:
Bank Buy (EGP/USD) Sell (EGP/USD)
National Bank of Egypt (NBE) (...)
Egypt is courting French investors as it looks to expand industrial and technology-focused projects within the Suez Canal Economic Zone (SCZONE), a flagship hub the government plans will anchor export growth and attract high-value (...)
Egypt plans to launch its 2025/2026 orange export season on 15 December, the agriculture ministry said on Monday, as the country works to maintain smooth flows of citrus to international markets.
Mohamed El-Mansy, Chairman of the Central (...)
Egypt is extending its blockbuster Ramses the Great and the Gold of the Pharaohs Exhibition in Tokyo until January 2026, driven by unexpectedly high consumer demand that saw attendance surpass 350,000 visitors since its opening in March.
The (...)
Gold prices across Egypt registered a uniform decline on Tuesday, falling 0.83 per cent across all major purities, driven by softer local demand and synchronised movements in the global bullion markets, according to official local pricing (...)