Economy

Foreign investors withdraw $2 billion from Egyptian markets amid regional tensions

Foreign investors withdraw $2 billion from Egyptian markets amid regional tensions

Foreign investors have sold off a massive amount of Egyptian government debt (bonds and treasury bills). In just four days…
First-half results for FY 2025/26 show strong financial performance –Ministry

First-half results for FY 2025/26 show strong financial performance –Ministry

The Ministry of Finance said first-half results for the 2025/2026 fiscal year show strong financial performance despite regional and global…
US dollar exceeds LE 50 in banks, marking new increase of 20 piasters

US dollar exceeds LE 50 in banks, marking new increase of 20 piasters

The US dollar continued its rise against the Egyptian pound during trading on Tuesday, officially surpassing the LE50 mark in…
PM: State keen on empowering private sector as key development partner

PM: State keen on empowering private sector as key development partner

President Abdel Fattah al-Sisi’s directives to the government prioritize investment and foreign trade as fundamental pillars for achieving a strong…
US dollar nearing LE 49 after rising 88 piasters in banks

US dollar nearing LE 49 after rising 88 piasters in banks

The exchange rate of the US dollar against the Egyptian pound saw a notable increase during Sunday’s trading, with the…
Gold prices soar after US-Israeli war on Iran

Gold prices soar after US-Israeli war on Iran

Global markets opened trading on Monday with a sharp rise in gold prices driven by escalating geopolitical tensions. The US-Israeli…
Iran war disrupts local gold market in Egypt

Iran war disrupts local gold market in Egypt

Gold prices rose locally amid escalating tensions between the US and Israel over Iran, coinciding with the closure of global…
Egypt secures $2.3 billion from International Monetary Fund

Egypt secures $2.3 billion from International Monetary Fund

The International Monetary Fund (IMF) Executive Board has officially approved the combined fifth and sixth reviews of Egypt’s economic program,…
Gold in Egypt tops global prices

Gold in Egypt tops global prices

Gold prices in both domestic and international markets have undergone a period of marked instability over the last few days,…
Investment minister, Scatec CEO discuss expanding cooperation in green energy projects

Investment minister, Scatec CEO discuss expanding cooperation in green energy projects

Minister of Investment and Foreign Trade Mohamed Farid underscored the importance of continuing cooperation with Norway’s Scatec in the coming…
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