News

The National Veal Project, chaired by Alaa Farouk, Minister of Agriculture and Land Reclamation, has approved new financing worth EGP 154m for 110 beneficiaries, including small-scale breeders and young graduates, to support the rearing of 2,200 head of livestock. The move falls within the framework of the presidential Decent Life…

Planning and Economic Development Minister Ahmed Rostom confirmed that economic reform has enhanced the state’s ability to manage the repercussions of geopolitical tensions in the Middle East and stressed that the government is continuing reforms to achieve macroeconomic stability and development for citizens. He spoke alongside Investment and Foreign Trade…

Egypt is stepping up the pace of ongoing healthcare projects and has put up an urgent plan to upgrade hospitals in Matrouh ahead of the summer season, the Ministry of Health said. In a statement, the ministry said Health Minister Khaled Abdel Ghaffar met with representatives of the Interior Ministry’s…

Egyptian President Abdel Fattah Al-Sisi stressed on Saturday the importance of adhering to defined timelines for the completion of housing and infrastructure projects, while removing obstacles facing investment in the sector, according to a presidential statement. During a meeting with Housing Minister Randa El-Menshawy and senior officials, the president reviewed…

Gold prices in Egypt declined during April 11-18, moving against the global rally as the Egyptian pound strengthened against the US dollar, according to iSagha’s weekly report. The price of 21-karat gold—the most widely traded locally—fell by about EGP 100, a 1.4% drop from EGP 7,160 to EGP 7,060 per…

Minister of Electricity and Renewable Energy Mahmoud Esmat met with a delegation from Nexus Analytica, led by CEO Wissam El-Baz, at the Ministry’s headquarters in the New Administrative Capital. The meeting was attended by Mona Rizk, Chairperson of the Egyptian Electricity Transmission Company, and Ahmed Mahina, Head of Strategic Planning…

Prime Minister Mostafa Madbouly met with Finance Minister Ahmed Kouchouk to review key meetings and engagements held on the sidelines of the IMF-World Bank Spring Meetings in Washington, D.C. During the meeting, Kouchouk said he held discussions with counterparts from the Middle East and North Africa, underscoring the need to…

The recent strengthening of the Egyptian pound (EGP) against the US dollar towards the end of last week’s trading was not merely a random fluctuation or a simple market reaction to easing geopolitical tensions and cautious optimism over a potential lasting peace. In my view, beyond these external factors, the…