Gold prices in Egypt drop 1.3% over last week
Gold prices in Egypt continued to fluctuate below EGP 3,400 per gram as the precious metal lost upward momentum following a global price decline. This drop was influenced by better-than-expected…
Petroleum Minister highlights Mubadala’s natural gas exploration activities in Egypt
Karim Badawi, Egypt's Minister of Petroleum and Mineral Resources, emphasized the strong ties between Egypt and the UAE, noting that investments in the energy, petroleum, and gas sectors represent a…
Investment Minister leads Egyptian delegation at Arab Economic, Social Council
Hassan El-Khatib, Minister of Investment and Foreign Trade, led the Egyptian delegation during the 114th session of the Economic and Social Council of the Arab League, chaired by the UAE.…
Egypt’s PM returns from China after signing agreements, holding talks
Egypt's Prime Minister Mostafa Madbouly returned to Cairo on Saturday, following his participation in the China-Africa Cooperation Forum in Beijing. Madbouly represented President Abdel Fattah Al-Sisi at the forum, which…
Egypt, Nigeria sign key agreements at EIAS 2024
Egypt and Nigeria have taken steps to strengthen their cooperation in the aviation and defence sectors, with the signing of key agreements during the Egypt International Airshow (EIAS 2024). One…
Egypt bolsters airlift capabilities with acquisition of C-130J-30 Super Hercules aircraft
The Egyptian Armed Forces have announced the acquisition of two C-130J-30 Super Hercules tactical airlifters from Lockheed Martin, marking a significant expansion of the country's airlift capabilities. This came on…
Egyptian Company unveils locally-made drones, smart munitions
Egyptian company Robotics Engineering Systems (RES) showcased its locally manufactured drones and smart munitions at the first edition of the Egypt International Airshow (EIAS 2024), which was held at El…
CBE expects significant inflation decline in early 2025
The Central Bank of Egypt (CBE) has projected a significant decrease in inflation during the first quarter of 2025, attributed to the cumulative effects of its monetary tightening policies and…
Egyptian banking sector’s financial position surges to EGP 18.387trn in April 2024: CBE
The Central Bank of Egypt (CBE) has revealed a surge in the total financial position of banks operating in the local market, excluding the CBE itself, to EGP 18.387trn in…
Egypt International Airshow Partnerships, advanced systems take centre stage
The second day of the Egypt International Airshow 2024, held at Alamein International Airport, saw a flurry of activity as companies from various nations showcased their latest innovations and forged…