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Egypt raises train and metro fares in latest pricing adjustment

Egypt’s Ministry of Transport has announced an increase in railway ticket prices alongside adjustments to some Cairo Metro fares, as part of ongoing efforts to restructure public transport pricing. According to a ministry statement, ticket prices for long-distance trains have risen by 12.5%, while short-distance routes have seen a steeper…

Egypt moves to double currency swap with China amid regional war fallout

As military tensions continue to reshape the Middle East, Egypt is moving to solidify its financial defenses through deeper strategic cooperation with Beijing. In a high-level diplomatic call on Thursday, Egyptian Foreign Minister Badr Abdelatty and his Chinese counterpart, Wang Yi, discussed an urgent expansion of economic ties to mitigate the global fallout of the…

Egypt on high alert over severe weather, two ports closed

Egypt’s Ministry of Local Development and Environment said on Wednesday that governorates nationwide had raised maximum alert levels to respond to unstable weather conditions and varying rainfall intensity. Minister Manal Awad monitored the situation from the National Emergency and Public Safety Network operations centre in the New Administrative Capital, holding…

Al-Sisi calls for removing investment hurdles, boosting local industry

Egyptian President Abdel Fattah Al-Sisi on Wednesday called for removing obstacles facing investment and industrial sectors to boost local production and attract greater foreign and Arab investment, according to a presidential statement. Al-Sisi met with Prime Minister Mostafa Madbouly and a number of senior officials, including Deputy Prime Minister for…

Only one week left for individual tax filings: ETA head

Head of the Egyptian Tax Authority (ETA), Rasha Abdel Aal, has announced that only one week remains before the deadline for individual tax filings for the 2025 tax year. Abdel Aal confirmed that the authority will continue to receive electronic tax returns from individuals until 31 March, while companies have…

Egypt, UK explore expanded cooperation in industry, education

Egypt’s Minister of State for Military Production, Salah Soliman Gemblat, met with British Ambassador to Cairo Mark Bryson Richardson and his accompanying delegation to discuss avenues for enhancing bilateral cooperation. During the meeting, Gemblat underscored the longstanding historical ties between Egypt and the United Kingdom, highlighting the manufacturing, technological and…

Egypt explores industrial cooperation with China’s Baowu Steel Group

Egypt’s Minister of Industry, Khaled Hashem, held talks with a delegation from China Baowu Steel Group, led by Chairperson Hu Wangming, to explore avenues for strengthening industrial and investment cooperation and expanding investments in priority sectors. The meeting was attended by Walid Gamal El-Din, Chairperson of the Suez Canal Economic…

Finance Minister seeks closer cooperation with Mostakbal Misr to drive growth

Egypt’s Finance Minister Ahmed Kouchouk said the ministry is seeking to deepen cooperation with the Mostakbal Misr for Sustainable Development Authority across activities that support and accelerate national economic growth. Kouchouk said the partnership will focus on implementing development projects capable of generating sustainable employment opportunities, while promoting broader private…