Why have gold prices soared to their highest point?

A member of the Gold Division of the Egyptian Chambers of Commerce Sameh Abdel-Hakim on Monday explained the reasons behind the current rise in gold prices in the Egyptian market. During his interview with Sada el-Balad TV, he explained one of the main reasons is the trend among global central…

Egypt, Greece seek to deepen investment, innovation partnership

The General Authority for Investment and Free Zones (GAFI) is working to strengthen investment cooperation with Greece as part of Egypt’s broader strategy to expand economic ties with international partners. GAFI CEO Mohamed El-Gawsaky met with Greek Ambassador to Cairo Nikolaos Papageorgiou to explore opportunities for joint investment, review the…

Egypt invests EGP 26.5bn to upgrade power transmission network in FY2025

Egypt invested approximately EGP 26.5bn in fiscal year 2024/2025 to modernize and expand its power transmission network, enhance grid efficiency, and integrate renewable energy into the national grid, the Ministry of Electricity and Renewable Energy said. Minister of Electricity and Renewable Energy Mahmoud Esmat reaffirmed the government’s commitment to ensuring…

Harby Group launches construction of Seven Residence in October Gardens

Harby Group has commenced construction on its latest residential development, Seven Residence, in October Gardens, following the receipt of ministerial approvals and the implementation of a payment model that links customer installments to construction progress. Spanning approximately 52 feddans, the project allocates just 25% of its total area to built-up…

Egypt, India discuss March trade mission to expand industrial exports

The Egyptian-Indian Business Council held an expanded meeting marking a new phase in economic relations between Egypt and India, shifting the focus from traditional trade exchange towards joint manufacturing, technology localisation, and deeper industrial partnerships, particularly in the chemicals and plastics sectors. The Monday meeting was chaired by Khaled Abou…