Month: September 2026

Gold prices rose during trading over the past week, with the price of a gram of 21-karat gold, the most widely traded in the local market, increasing by around EGP 110 to reach approximately EGP 6,390. The price of 24-karat gold reached around EGP 7,303 per gram, while 18-karat gold…

Egyptian Minister of Electricity and Renewable Energy Mahmoud Esmat held talks with the head of Belgian firm Hydrovolta, George Brek, to discuss cooperation on a proposed project to desalinate 10 million cubic metres of water daily by 2050 using existing power plant infrastructure. The meeting at the ministry headquarters in…

The US Federal Reserve’s interest rate hike affects Egypt’s banking sector indirectly through its impact on the global cost of funds, capital flows, exchange rates, and expectations for domestic interest rates. Although Egyptian banks do not automatically adjust their rates in response to Federal Reserve decisions, higher returns on dollar-denominated…

This content is for members only. Visit the site and log in/register to read. The post How Smart Technology Is Helping Older Adults Live More Independently first appeared on Egyptian Streets.

Banks and mortgage finance companies participating in the mortgage finance initiative for low- and middle-income customers provided EGP 111.131bn in financing to around 723,604 customers as of July 2026, according to a report issued by the Social Housing and Mortgage Finance Fund. The report showed that the 23 banks participating…

Egypt’s President Abdel Fattah Al-Sisi has ordered an expansion of large-scale data centres and 5G networks, alongside increased investment in cloud computing and artificial intelligence, as Egypt targets $8bn in digital exports by 2028 and $12bn in digital outsourcing exports by 2029. Al-Sisi issued the directives during a meeting with…

Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty said the Alamein Africa Forum will serve as a pan-African platform bringing together the private sector, investment and financial institutions, and representatives of various productive and service sectors, to strengthen direct links between companies and markets and promote cross-border…

The number of Chinese investing companies in Egypt has jumped to 3,366 firms, operating across multiple sectors, including textiles, ready-made garments, solar panels, chemical industries, automotive manufacturing, and logistics services, according to the General Authority for Investment and Free Zones (GAFI). Speaking during her participation in the Investment Promotion Forum…

Egypt and Sudan discussed developing joint agricultural projects on Sudanese land and cooperating on the production and supply of strategic crops as the two countries seek to strengthen food security and deepen agricultural integration. The talks brought together Egyptian Minister of Water Resources and Irrigation Hani Sewilam, Sudanese Minister of…