العربية

Day: August 5, 2025

Egypt’s net international reserves hit record $49.04bn in July: CBE

The Central Bank of Egypt (CBE) announced on Tuesday that the country’s net international reserves climbed to $49.036bn in July 2025, up from $48.700bn in June—an increase of approximately $336m. This marks the highest level of foreign currency reserves ever recorded in Egypt, supported by stronger inflows from export earnings,…

Egypt, Uganda strengthen water cooperation, address Nile governance

Egypt’s Ministers of Foreign Affairs and Water Resources met on Tuesday with Ugandan President Yoweri Museveni to discuss bilateral water cooperation, ongoing development projects, and shared concerns over Nile River governance, the Ministry of Water Resources said. The meeting was also attended by Uganda’s Minister of State for Foreign Affairs,…

EGX launches trading in National Printing shares after EGP 450m offering

The Egyptian Exchange (EGX) began trading on the shares of the National Printing Company (NPC) on Tuesday, following the successful completion of the company’s public and private offering worth approximately EGP 450m. The offering included 21,171,040 shares allocated to 3,359 investors. EGX Chairperson Ahmed El-Sheikh said the listing aligns with…

Chinese business delegation explores SCZONE’s investment, logistics potential

A high-level delegation from the Zhejiang Federation of Industry and Commerce (ZFIC), led by Vice President Jin Min Xiang, visited the Suez Canal Economic Zone (SCZONE) on Tuesday to explore investment opportunities in Egypt’s strategic logistics hub. The delegation, comprising government officials and representatives from leading Zhejiang-based companies in construction,…

Egypt’s PM reviews efforts to advance agricultural fertiliser industry

Egyptian Prime Minister Mostafa Madbouly on Tuesday chaired a meeting to review efforts to advance the country’s agricultural fertiliser industry and its distribution system, his office said in a statement. Madbouly stressed the government’s continuous interest in developing vital industrial sectors, including fertilisers, given their importance in meeting local needs…

Qawafil Developments launches EGP 2.8bn Tri-Hub project in New Cairo

Qawafil Developments has launched its latest project, Tri-Hub, a 6,000 sqm mixed-use urban complex in New Cairo, with targeted sales of EGP 2.8bn. Located near the Southern 90th Axis and surrounded by major universities and densely populated areas, Tri-Hub combines commercial, administrative, and medical facilities in one integrated development. Chairman…

Egypt’s ICT ministry, Dell conclude 3rd AI capacity-building initiative

Egypt’s Minister of Communications and Information Technology, Amr Talaat attended the closing ceremony of the third round of a capacity-building initiative for university students in the field of artificial intelligence (AI), the ministry said. The initiative, a collaboration between the ministry and Dell Technologies, provided specialised AI training to 676…

Egypt, Philippines explore deeper pharmaceutical cooperation

The Chairperson of the Egyptian Drug Authority (EDA), Ali Ghamrawy, met on Tuesday with Ambassador Ezzedin Tago of the Republic of the Philippines to discuss expanding cooperation in the pharmaceutical sector and regulating the circulation of medical products between the two countries. Talks centred on facilitating the registration of Egyptian…