Day: September 26, 2024

Egypt has risen to the forefront of Europe’s fertilizer supply chain. This July, the nation’s exports reached EUR 85 million (EGP 4.5 billion), surging 1.4 times higher than previous figures, securing Egypt’s spot as Europe’s third-largest fertilizer supplier. Coming in first place was Russia with exports totaling EUR 199 million…

The Egyptian pound has gained significant strength against major currencies on Thursday. In mid-day trading at the National Bank of Egypt (NBE), the US dollar has decreased by approximately 33 piasters for both buying and selling rates. Other major Arab currencies have also declined against the Egyptian pound.   Exchange…

Gold prices have risen by 6.4 percent since the beginning of September, on track to record its third consecutive monthly increase supported by a surge in global demand for safe-haven assets. Gold prices remained steady on Thursday, close to its record high set on Wednesday, as expectations of a further…

Fatma Al Zahraa Mohamed, a 38-year-old mother of three, begins her day before dawn, clocking double the hours she once worked just to afford the rising cost of basic necessities. Her husband, out of work for years, leaves Fatma as the sole provider, a burden that has become heavier with…

The Egyptian Engineering Export Council has announced a significant 27.3 percent increase in the sector’s exports from January to August, reaching a historic high of $3.494 billion. The council’s monthly report indicated that engineering exports in August saw a 12.1 percent  increase compared to the same month in 2023, reaching $443.6…