Day: April 6, 2025

Ehab Wassef, Head of the Gold and Precious Metals Division at the Federation of Egyptian Industries (FEI), reported an unexpected decline in gold demand during the Eid al-Fitr holiday—contrasting with previous years, when demand typically spikes due to increased purchases of gifts and gold jewellery. “This year’s slowdown in gold…

Hotels affiliated with the Holding Company for Tourism and Hotels (HOTAC), under the Ministry of Public Enterprises Sector, achieved near or full occupancy rates during the Eid Al-Fitr holiday, reflecting robust demand for Egyptian destinations from local, Arab, and international tourists. In Cairo, several key hotels recorded exceptional performance. The…

United Bank held its General Assembly meeting under the chairmanship of Omar Mehana, Chairperson of the Board, alongside Ashraf El-Qadi, CEO and Managing Director, with the participation of board members and shareholders. The meeting reviewed and approved the bank’s financial statements for the fiscal year ending 31 December 2024, while…

Chairperson of the Egypt Healthcare Authority (EHA), Ahmed El-Sobky, met with Australian Ambassador to Egypt Axel Wabenhorst to discuss expanding bilateral cooperation across various healthcare fields, with a focus on knowledge exchange, medical training, and sustainable health practices. El-Sobky noted that discussions included the launch of a proposed twinning programme…

Egypt’s Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar met with Sylvestre Radegonde, Minister of Foreign Affairs of Seychelles, along with Ambassador Conrad Mederic and an accompanying delegation, to explore avenues for strengthening bilateral cooperation in the healthcare sector. The meeting, held at the Ministry’s headquarters…

The official exchange rate of the US dollar at the Central Bank of Egypt (CBE) surged by EGP 0.53 on Sunday, closing at EGP 51.0564 for buying and EGP 51.1944 for selling, up from EGP 50.5296 and EGP 50.6669, respectively, at the end of last week’s trading. Similarly, the average…

Egyptian Prime Minister Mostafa Madbouly chaired a meeting to review the steps and procedures for maximising the benefits of the “Ministries Square” area and offering it to the private sector, the cabinet said on Sunday. The meeting was attended by Minister of Investment and Foreign Trade Hassan El-Khatib, businessman and…

Egypt’s President Abdel Fattah Al-Sisi met on Sunday with Henri Poupart-Lafarge, Chairperson of French transport giant Alstom, to discuss the company’s ongoing transportation projects in Egypt and explore avenues for deeper industrial cooperation. The meeting was held in the presence of Prime Minister Mostafa Madbouly and Vice Prime Minister for…

Egyptian Minister of Foreign Affairs and Emigration, Badr Abdelatty, convened a meeting on Sunday with the Board of Directors of the Foreign Ministry Buildings Financing Authority Abroad, emphasising the importance of maintaining and improving the country’s properties overseas. The meeting highlighted Abdelatty’s commitment to monitoring the operational progress of the…