CBE to decide fate of EGP interest rates tomorrow

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its fourth scheduled meeting of the year on Thursday to decide the future of the central bank’s key policy rates, which serve as a key indicator of the short-term direction of interest rates on…

New irrigation museum to highlight Egypt’s water management legacy

Egypt is preparing to open a new irrigation museum in the New Administrative Capital to showcase the country’s long history of water management and engineering achievements, Minister of Water Resources and Irrigation Hani Sewilam said. In a ministry statement, Sewilam said the museum will serve as a cultural and scientific…

Egypt targets start of gold production from Abu Marawat mine this year

Abu Marawat Gold Mines Company is targeting the start of commercial production in 2026, a move expected to boost Egypt’s gold output, attract further mining investments, create direct and indirect job opportunities and support economic and social development plans in the Red Sea and Qena governorates. In a statement issued…