Day: April 6, 2025

Reforms led by the Central Bank of Egypt (CBE) contributed to the country’s largest ever decline in external debt in 2024, recording a decline by approximately US$12.9 billion year-on-year to $155.093 billion by the end of December, compared to $168.034 billion in 2023, according to data from the Ministry of…

The Chinese Embassy in Cairo has strongly condemned the latest round of US tariffs on imports from China and other countries, calling them a clear violation of World Trade Organization (WTO) rules and a significant threat to the multilateral trading system. In a statement released Saturday, the embassy accused Washington…

ALEXANDRIA, Egypt, April 6 (Reuters) – Egyptian Minister of Investment and Foreign Trade, Hassan El-Khatib, met with members of the Alexandria Chamber of Commerce and representatives of the city’s business and investment community during a visit to Alexandria. The meetings aimed to bolster cooperation with the private sector, improve the…

Gold prices in Egypt’s local market remained stable during Saturday’s trading session, coinciding with the weekly closure of global exchanges. This steadiness followed a volatile week that saw global gold prices swing sharply as investors liquidated holdings to offset stock market losses, according to a report by iSagha, an online…

Egyptian Minister of Petroleum and Mineral Resources, Karim Badawi inspected the Sonker liquid bulk terminal at Sokhna Port on the Red Sea, as part of a visit to the petroleum facilities in the area on Saturday. During the visit, Badawi highlighted the project’s importance. “The Sonker project is a significant…