Month: April 2026

The Egyptian pound weakened further on Tuesday, 31 March, as the US dollar continued to hover close to the EGP 55 level in parts of the banking system, with regional tensions and broader pressures on trade supply chains weighing on market sentiment.  Data compiled from several banks at the close…

The head of the electrical appliances division at Cairo Chamber of Commerce, Ashraf Helal, announced that the electrical appliances market has witnessed a significant price increase of up to 10 percent due to several factors. The biggest of these is the US-Israeli war on Iran, which has greatly impacted maritime…

Dragon Oil, wholly owned by Dubai government, is considering three new investment opportunities in Egypt, Asharq News reported, citing the company’s acting CEO Abdulkarim al-Mazmi. Speaking on the sidelines of the first day of the Water, Energy, Technology and Environment Exhibition (WETEX) 2025 in Dubai, al-Mazmi added that the company…