Business

PM: Top priority given to securing funding to meet essential needs

PM: Top priority given to securing funding to meet essential needs

Prime Minister Mostafa Madbouly said on Sunday, April 5th, 2026, that the government attaches great importance to securing adequate financing…
Finance min. urges strengthening direct online communication with taxpayers

Finance min. urges strengthening direct online communication with taxpayers

Finance Minister Ahmed Kouchouk called for strengthening direct online communication with taxpayers through chatbot, call centers and customer service platforms…
Egypt signs lifeline million-barrel Libyan oil deal to defy Hormuz blockade

Egypt signs lifeline million-barrel Libyan oil deal to defy Hormuz blockade

Egypt is planning to import at least one million barrels of Libyan crude oil per month, Bloomberg reported. This strategic…
Central Bank of Egypt maintains current interest rates

Central Bank of Egypt maintains current interest rates

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided in its meeting on Thursday, to keep…
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…
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