Gold edges higher locally as 21-karat gram closes at EGP 6,925
Gold prices posted modest gains in Egypt’s local market during last week’s trading, even as global prices declined sharply amid heightened volatility driven by US dollar strength and escalating geopolitical tensions, according to a report by iSagha. Saeed Imbabi, Executive Director
Egypt explores expanding SAP investments, digital skills programmes
Egypt’s Minister of Communications and Information Technology, Raafat Hindy, met on Sunday with Augusta Spinelli, Regional President for Europe, the Middle East, and Africa (EMEA) at SAP, to discuss expanding the company’s investments in Egypt and scaling up its outsourcing
Four-way meeting in Islamabad urges de-escalation, renewed US-Iran talks
Egypt, Türkiye, Saudi Arabia and Pakistan have called for prioritising diplomacy and launching a negotiation track between the United States and Iran to contain escalating military tensions, warning of serious repercussions for the global economy, energy security, and supply chains.
Regional escalation intensifies with cross-border strikes
A sharp military escalation is unfolding across the Middle East, marked by cross-border attacks, interceptions, and increasingly hardline rhetoric as hostilities expand across multiple fronts. In Qatar, the Ministry of Defence said its armed forces intercepted an Iranian drone attack.
Citizen Bond to be re-offered through post offices in coming days: Finance Minister
Egypt’s Minister of Finance, Ahmed Kouchouk, announced that the “Citizen Bond” will be re-offered through post offices nationwide in the coming days, following strong demand during its initial issuance. Kouchouk said the first tranche of the bond attracted significant interest
PM Madbouly reviews strategic medicine stocks, raw material supply
Egypt’s Prime Minister, Mostafa Madbouly, chaired a high-level meeting on Sunday to review the availability of pharmaceutical products and active raw materials in the domestic medicine market. The meeting, attended by relevant ministers and officials, focused on ensuring the adequacy
Egypt integrates environmental considerations into local development plans
Egypt is moving to embed environmental considerations into its local development framework as part of a broader effort to improve resource efficiency and advance sustainable development across governorates, Minister of Local Development and Environment Manal Awad said. In a statement,
Shell Egypt highlights Egypt as ‘critical energy market’ ahead of EGYPES 2026
Egypt sits at the intersection of regional supply, infrastructure, and growing demand, which makes it a critical energy market, Dalia Elgabry, Vice President and Country Chair of Shell Egypt, said ahead of the EGYPES 2026 conference. The company will take
Telda launches in-app stock, fund investment service
Telda has announced the launch of a new in-app investment service, allowing users to invest in equities listed on the Egyptian Exchange as well as a range of investment funds. The company said the feature enables users to execute buy
Al Ahly Pharos Investment Banking completes EGP 2bn securitisation for Incolease
Al Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt, has successfully completed a securitisation issuance valued at EGP 2bn for Incolease, marking the first issuance under Al Ahly Securitization Company’s ninth programme. The issuance