Gold prices rise by EGP 265 over past week
The Gold and Precious Metals Division at the Federation of Egyptian Industries announced that gold prices in the local market recorded strong gains over the past week, supported by a historic surge in global gold prices and the relative stability
CBE, EBI launch ‘Foundations of Fraud Combating’ training programme for banking employees
As part of ongoing efforts to enhance professional competencies within the banking sector and strengthen resilience against emerging risks, the Central Bank of Egypt (CBE), in cooperation with the Egyptian Banking Institute (EBI), announced the launch of a new training
Japan provides EGP 1bn grant to Egypt for Suez Canal diving support vessel
Japan will provide an EGP 1bn ($22m) grant to Egypt to build and supply a first-of-its-kind diving support vessel (DSV) for the Suez Canal Authority (SCA) fleet, according to an executive agreement signed on Sunday. The grant, provided through the
Madbouly reviews outcomes of Digital Economy Advisory Committee
Prime Minister Mostafa Madbouly met on Sunday with Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat to review the outcomes of the work of the Digital Economy and Entrepreneurship Advisory Committee, as well as the working groups affiliated
EGP 25bn project launched to supply electricity to one million feddans in West Minya Plain
The Egyptian Countryside Development Company has announced the launch of a major project to construct extra-high-voltage and high-voltage power stations and feeder lines, in coordination with the Egyptian Electricity Transmission Company, an affiliate of the Ministry of Electricity and Renewable
Egypt launches solar power plant in Djibouti, expanding renewable energy cooperation
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, inaugurated a new solar power plant in Omar Jagaa village in Djibouti’s Arta region, marking a further step in strengthening bilateral cooperation between the two
Egyptian market awaits impact of 1% rate cut on savings returns, loans and debt instruments
The Egyptian market is awaiting banks’ return to business, Sunday, following the weekend break, to assess the impact of the Central Bank of Egypt’s (CBE) decision last Thursday to cut interest rates by 1% on returns from savings products and
Banks in Egypt record net profits of EGP 433.8bn in Q3 2025
Banks operating in the Egyptian market recorded net profits of EGP 433.772bn in the third quarter of 2025, up from EGP 274.938bn in the second quarter, according to data released by the Central Bank of Egypt (CBE). In its latest
Egypt targets 80% debt-to-GDP ratio by June 2026 as external debt falls $4bn
Egypt aims to reduce its budget debt-to-GDP ratio to 80% by the end of June, Finance Minister Ahmed Kouchouk said on Saturday, as the government continues a fiscal discipline path that has already seen the ratio fall from 96% to
FRA issues model policy for Real Estate Title Insurance in Egypt
The Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has announced the issuance of a model insurance policy for Real Estate Title Insurance, enabling insurance companies to provide coverage to property buyers against risks related to the validity of ownership