News

In line with its commitment to strengthening cooperation with African central banks, the Central Bank of Egypt (CBE) hosted a delegation from the Bank of Tanzania to review best practices in business continuity, as part of an expertise-exchange programme. During the five-day visit, the Tanzanian delegation, comprising planning and management…

The global price of gold surged to a level not seen in 46 years, particularly since 1979, with an ounce reaching US$ 4,413. This surge was driven by expectations of a US interest rate cut, which boosted investor confidence in the precious metal as a safe haven. In the local…

Egypt’s Acting Minister of Environment Manal Awad and Sharqeya Governor Hazem Al-Ashmouny on Monday witnessed the signing of a contract between Sharqeya and Gaia Titan, the green energy arm of Titan Cement, to establish and operate three municipal solid waste treatment facilities in the governorate, according to an official statement.…

Prime Minister Mostafa Madbouly has ordered the acceleration of Egypt’s Universal Health Insurance (UHI) system across all regions, targeting the inclusion of five provinces in its second phase, the cabinet said in a statement on Monday. During a meeting in the New Administrative Capital, Madbouly stated that President Abdel Fattah…

The Suez Canal Economic Zone (SCZONE) signed a EGP 1bn usufruct contract on Monday with the Main Development Company (MDC) to develop pre-built factories in the West Qantara industrial zone. The project involves the development of a total area of 200,000 square metres to create ready-to-operate facilities for investors. The…

Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, held an expanded meeting on Monday with representatives of relevant state bodies to discuss ways to support and empower pharmaceutical manufacturers and to draft a comprehensive policy framework aimed at boosting local production and localising biopharmaceutical and biological products, the Ministry…