Business

Egypt’s gold markets surge amid US-Iran war fluctuations

Egypt’s gold markets surge amid US-Iran war fluctuations

Gold prices in Egypt saw a rise on Friday, increasing by an average of LE 15 across various karats. The…
Egypt’s SUMED oil flows jump 150% on Red Sea trade rerouting

Egypt’s SUMED oil flows jump 150% on Red Sea trade rerouting

Oil flows through Egypt’s “SUMED” pipeline have surged by 150 percent since the Iranian conflict outbreak, a direct reflection of…
Egypt announces 10 percent increase in electrical appliance prices

Egypt announces 10 percent increase in electrical appliance prices

The head of the electrical appliances division at Cairo Chamber of Commerce, Ashraf Helal, announced that the electrical appliances market…
Dubai-owned Dragon Oil considering 3 investment opportunities in Egypt

Dubai-owned Dragon Oil considering 3 investment opportunities in Egypt

Dragon Oil, wholly owned by Dubai government, is considering three new investment opportunities in Egypt, Asharq News reported, citing the…
Petroleum min, United Energy Group discuss plans to boost production in Western Desert

Petroleum min, United Energy Group discuss plans to boost production in Western Desert

Minister of Petroleum and Mineral Resources Karim Badawi held talks with Song Yu, CEO of United Energy Group (UEG), and…
US dollar surpasses LE 53.60 during bank transactions

US dollar surpasses LE 53.60 during bank transactions

The exchange rate of the US dollar against the Egyptian pound saw a notable increase during Sunday’s trading, coinciding with…
Finance Minister: 2026-2027 budget targets LE4 trillion in revenues

Finance Minister: 2026-2027 budget targets LE4 trillion in revenues

Minister of Finance Ahmed Kouchouk announced on Saturday, 28/3/2026, that the state general budget for the 2026-2027 fiscal year is…
IMF projects Egypt’s tourism revenues to reach US$ 28.7 billion by 2030-2031

IMF projects Egypt’s tourism revenues to reach US$ 28.7 billion by 2030-2031

The International Monetary Fund (IMF), in its fifth and sixth reviews of the Egyptian economy, projected that tourism revenues would…
Egypt moves to double currency swap with China amid regional war fallout

Egypt moves to double currency swap with China amid regional war fallout

As military tensions continue to reshape the Middle East, Egypt is moving to solidify its financial defenses through deeper strategic…
Why an end to the war won’t take fuel prices back to normal overnight

Why an end to the war won’t take fuel prices back to normal overnight

An end to the Iran war will bring immediate relief to oil and natural gas markets, but it could take…
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