Gold reaches new historic high, marking fifth consecutive week of gains
Gold prices have soared to a new historic high, marking a significant milestone as the precious metal increased for the fifth consecutive week. The surge comes amidst rising global tensions…
Egypt boosts domestic short-staple cotton production in East Owainat
Egypt has cultivated 2,000 acres of short-staple cotton in East Owainat as part of a project to boost domestic production and reduce reliance on imports for the textile industry. Public…
Finance Ministry to issue 29 T-bills, bonds worth EGP 641bn in February
The Ministry of Finance announced plans to issue 29 treasury bills (T-bills) and bonds worth EGP 641bn in February to refinance maturing debt and cover the state’s budget deficit. The…
Hamas, Israel complete 4th batch of prisoner exchange under ceasefire agreement
As the ceasefire agreement in Gaza entered its fourteenth day, the Israeli occupation authorities released 183 Palestinian prisoners on Saturday, following the release of three Israeli detainees by the Islamic…
Kuwait Finance House expands into Egypt with Ahli United Bank acquisition
Kuwait Finance House (KFH) has officially launched its operations in Egypt following the successful acquisition of Ahli United Bank Bahrain in 2022. The transformation into a fully Sharia-compliant financial institution…
Egypt’s PM orders EGP 35m allocation to support Baheya, Ahl Masr, and Al-Nas Hospitals
Prime Minister Mostafa Madbouly has directed the Ministry of Social Solidarity to allocate EGP 35m to support three of Egypt's key hospitals: Baheya, Ahl Masr, and Al-Nas hospitals. The funding…
Egypt, Jordan, UAE, Saudi Arabia, Qatar reject Palestinian displacement, call for two-state solution
Rejecting all forms of Palestinian displacement, foreign ministers from Egypt, Jordan, the United Arab Emirates, Saudi Arabia, and Qatar met with Palestinian Authority and Arab League representatives in Cairo on…
45 civilians killed, 82 injured in RSF militia attack in Sudan’s Omdurman city
Xinhua – At least 45 civilians were killed and 82 others injured in a shelling by the Rapid Support Forces (RSF) militia on Saturday on a crowded market in Omdurman, north…
M23 rebels advance in eastern DR Congo, UN reports 700 dead
DNE Africa – M23 rebels are rapidly advancing in eastern Democratic Republic of Congo, coming within 60 kilometres of Bukavu, the capital of South Kivu province, following their capture of…
Egypt’s consumer finance market hits EGP 47.45bn in 10M 2024, growing 25.1%
Said Zater, Chairperson of the Egyptian Federation of Consumer Finance, announced that Egypt’s consumer finance sector experienced significant growth, reaching EGP 47.45bn in the first ten months of 2024—a 25.1%…
