News

Damietta Port has launched a new transit service for refrigerated and dry cargo arriving from Europe via a Ro-Ro shipping line connecting the port with Port of Trieste. The move marks a strategic step in Egypt’s efforts to position itself as a regional hub for transport, logistics, and transit trade.…

South Korea is weighing an extension of driving restrictions to the general public if crude oil prices surpass $120 per barrel, Finance Minister Choo Kyung-ho said on Sunday, a measure that would mark the country’s most severe civilian fuel-rationing step since the 1991 Gulf War as the conflict in Iran…

Economic relations between Egypt and Germany are gaining renewed momentum, supported by rising trade volumes, expanding German investments, and deepening cooperation in strategic sectors such as energy, infrastructure, and manufacturing. In an interview with Daily News Egypt, German Ambassador to Egypt Jürgen Schulz discusses the current state of bilateral relations,…

The exchange rate of the US dollar against the Egyptian pound saw a notable increase during Sunday’s trading, coinciding with the resumption of banking operations following the weekend. It exceeded LE53.60 amidst active trading within the official exchange market. Bank trading screens showed an upward movement for the US currency…

Al Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt, has successfully completed a securitisation issuance valued at EGP 2bn for Incolease, marking the first issuance under Al Ahly Securitization Company’s ninth programme. The issuance is backed by a receivables portfolio worth EGP 2.86bn assigned…

Telda has announced the launch of a new in-app investment service, allowing users to invest in equities listed on the Egyptian Exchange as well as a range of investment funds. The company said the feature enables users to execute buy and sell orders, track stock prices in real time, and…

Egypt sits at the intersection of regional supply, infrastructure, and growing demand, which makes it a critical energy market, Dalia Elgabry, Vice President and Country Chair of Shell Egypt, said ahead of the EGYPES 2026 conference. The company will take part in the event with a single, integrated presence bringing…