Gold demand drops during Eid al-Fitr, defying holiday trends: FEI official
Ehab Wassef, Head of the Gold and Precious Metals Division at the Federation of Egyptian Industries (FEI), reported an unexpected decline in gold demand during the Eid al-Fitr holiday—contrasting with previous years, when demand typically spikes due to increased purchases
Egypt, Australia explore expanding healthcare cooperation, green transformation initiatives
Chairperson of the Egypt Healthcare Authority (EHA), Ahmed El-Sobky, met with Australian Ambassador to Egypt Axel Wabenhorst to discuss expanding bilateral cooperation across various healthcare fields, with a focus on knowledge exchange, medical training, and sustainable health practices. El-Sobky noted
Cairo Airport hits record high with 102,108 passengers in one day
Cairo International Airport has set a new record for daily passenger traffic, welcoming 102,108 travelers in a single day—its highest since the airport’s opening on 18 May 1963. The day also saw 682 flight movements, comprising 343 departures and 339
Egypt, Seychelles deepen economic, tourism ties, sign visa waiver agreement
Egypt’s Minister of Foreign Affairs, Badr Abdelatty, met on Saturday with his Seychellois counterpart, Sylvestre Radegonde, in Cairo to explore avenues for deepening bilateral cooperation—particularly in trade, tourism, and development. Abdelatty underscored the historical relationship between Egypt and Seychelles, reaffirming
Egyptian Petroleum Minister Inspects Sokhna Port Liquid Bulk Terminal
Egyptian Minister of Petroleum and Mineral Resources, Karim Badawi inspected the Sonker liquid bulk terminal at Sokhna Port on the Red Sea, as part of a visit to the petroleum facilities in the area on Saturday. During the visit, Badawi
Egyptian Petroleum Minister Inspects Sokhna Port Liquid Bulk Terminal
Egyptian Minister of Petroleum and Mineral Resources, Karim Badawi inspected the Sonker liquid bulk terminal at Sokhna Port on the Red Sea, as part of a visit to the petroleum facilities in the area on Saturday. During the visit, Badawi
Gold markets shift to parallel dollar rate, creating EGP 60 gap between local, global prices: iSagha
Gold prices in Egypt’s local market remained stable during Saturday’s trading session, coinciding with the weekly closure of global exchanges. This steadiness followed a volatile week that saw global gold prices swing sharply as investors liquidated holdings to offset stock
Egyptian Investment Minister Engages with Alexandria Business Community, Pledges Improved Export Support
ALEXANDRIA, Egypt, April 6 (Reuters) – Egyptian Minister of Investment and Foreign Trade, Hassan El-Khatib, met with members of the Alexandria Chamber of Commerce and representatives of the city’s business and investment community during a visit to Alexandria. The meetings
China slams US tariffs as WTO violation, urges return to fair trade practices
The Chinese Embassy in Cairo has strongly condemned the latest round of US tariffs on imports from China and other countries, calling them a clear violation of World Trade Organization (WTO) rules and a significant threat to the multilateral trading
Net foreign assets in Egypt’s banking sector rise by $1.5bn in February 2025
The Central Bank of Egypt (CBE) announced that net foreign assets within the Egyptian banking system rose by approximately $1.5bn during February 2025, reaching $10.17bn (equivalent to EGP 515.856bn), up from $8.7bn (EGP 437.261bn) in January. According to a recent