Day: January 31, 2026

Gold prices in the Egyptian market fell sharply on Saturday as global rates retreated from record highs following the nomination of Kevin Warsh as the next US Federal Reserve Chair. The price of 21-carat gold, the local benchmark, dropped by approximately EGP 80 on Friday to reach EGP 6,670 per…

Egypt is seeking to align international development support with state fiscal reform priorities to maximise the effectiveness of technical and financial aid, Deputy Finance Minister for Fiscal Policy Yasser Sobhi said on Saturday. Speaking at the third annual meeting of the Public Financial Management (PFM) coordination committee, Sobhi stated that…

Egypt and Rwanda have signed an executive action plan to activate a bilateral memorandum of understanding on water resources management and irrigation, Egypt’s water ministry said on Saturday. The agreement was finalised during an official visit by Egyptian Water Resources Minister Hani Sewilam to Kigali, where he and Rwanda’s Environment…

Egypt’s Ministry of Finance has announced plans to issue local debt instruments worth EGP 843bn in February 2025, as part of a broader plan published on the ministry’s official website. The plan includes tenders totalling EGP 2.703tn during the third quarter of FY 2025/2026 to repay maturing debt instruments and…

Protecting the Suez Canal as a sovereign asset and the Central Bank of Egypt (CBE) as the guardian of monetary policy requires both to remain on strictly independent tracks. At first glance, the idea of transferring the Suez Canal’s assets or revenue flows to the Central Bank appears to be…

Egypt hosts African Union representatives to discuss trade corridors and regional stability as Foreign Minister Badr Abdelatty reaffirmed Cairo’s commitment to the African Union’s founding principles of state sovereignty and non-interference on Saturday. During the meeting with representatives of AU organisations and offices, Abdelatty stated that Egypt, as a founding…

Egypt and Greece have signed a Memorandum of Understanding (MoU) to strengthen cooperation in creative industries and handicrafts, aiming to facilitate the access of Egyptian products to European markets through Greece. The agreement, signed between the International Creative Academy (ICA) of Egypt and the Foundation of the Hellenic World, seeks…