Gold declines as high interest rates dampen appeal
Global gold prices fell for the second consecutive day after reaching a record high, pressured by rising US Treasury yields and Federal Reserve Chairperson Jerome Powell’s hawkish stance on interest rates. Investors now await key US inflation data for further
CIB signs EGP 1.8bn financing agreement with CRC for Solana project in New Zayed
Commercial International Bank (CIB), Egypt’s leading private-sector bank, has signed a financing agreement with Construction and Reconstruction Engineering Co. (CRC), a Class A certified general contractor affiliated with Dorra Group, to fund the construction of the upcoming Solana project in
Egypt, South Korea launch $9m initiative to enhance emergency medical services
Khaled Abdel Ghaffar, Egypt’s Deputy Prime Minister for Human Development and Minister of Health and Population, has met South Korean Ambassador to Egypt, Kim Yonghyon, to discuss bilateral cooperation in healthcare, human resource development, and South Korea’s biomedical investments. A
Egyptian PM addresses agricultural land encroachment
Egypt’s Prime Minister Mostafa Madbouly chaired a Tuesday meeting to review efforts to combat encroachment on agricultural land and the procedures for its removal. Attendees included Minister of Local Development Manal Awad, Minister of Agriculture and Land Reclamation Alaa Farouk,
Housing Minister visits Egypt-built Julius Nyerere Hydropower project in Tanzania
Egyptian Housing Minister Sherif El-Sherbini visited the Julius Nyerere Hydropower Project in Tanzania, meeting with Tanzanian and Egyptian officials and workers. The project, implemented by the Egyptian consortium of Arab Contractors and Elsewedy Electric, aims to generate 2,115 megawatts of
Hungary delivers 1,350 railway cars to Egypt, expanding transport cooperation
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, held extensive talks with Hungarian Minister of Foreign Affairs and Trade, Péter Szijjártó, and his accompanying delegation. The meeting focused on enhancing bilateral cooperation in
Spain’s Técnicas Reunidas explores investment in Egypt’s petroleum sector
Egypt’s Minister of Investment and Foreign Trade Hassan El-Khatib met with a delegation from Técnicas Reunidas, a Spanish company specializing in engineering and infrastructure construction for the oil, gas, and petrochemical industries, to discuss potential investments in Egypt’s energy sector.
Egypt opposes US Gaza plan, postpones Al-Sisi’s Washington visit
A planned visit by Egypt President Abdel Fattah Al-Sisi to Washington, D.C., scheduled for February 18, has been postponed indefinitely, official sources told Daily News Egypt on Tuesday. The delay stems from Cairo’s opposition to a U.S. proposal, reportedly championed
Egypt assigns EGP 635bn for social protection in FY25
Under the patronage of Prime Minister Mostafa Madbouly, Minister of Social Solidarity Maya Morsy inaugurated the first International Conference on Management 2025 in Cairo. The three-day event brings together representatives from 138 organizations across 81 countries to discuss advancements in
Egypt to propose Gaza reconstruction plan ensuring Palestinians stay on land
Egypt intends to present a comprehensive plan for the reconstruction of the Gaza Strip, aimed at guaranteeing the Palestinian people remain on their land and in accordance with their legitimate legal rights. In a statement released on Tuesday, Egypt’s Foreign