News

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…

Suez Canal Bank has signed a tripartite cooperation protocol with eHealth and eAswaaq—both affiliates of eFinance Investment Group—with the aim of supporting and developing Egypt’s healthcare sector by providing integrated financing solutions and accelerating digital transformation. The agreement was signed by Akef El Maghraby, CEO and Managing Director of Suez…

The Federation of Egyptian Banks (FEB), chaired by Mohamed El-Etreby, has approved the appointment of Ahmed Fouad as head of its SME Committee, in a move aimed at enhancing the effectiveness of specialised committees and renewing their leadership. The appointment comes as part of ongoing efforts to build on the…

Cairo – 2026: Within the framework of its continuous commitment to support women’s economic and technological empowerment, Kuwait Finance House Bank – Egypt (KFH-Egypt) announced the renewal of its strategic partnership with Entreprenelle, the leader in community development in the MENA region for 2026. This cooperation reflects the bank’s orientation…

The International Monetary Fund (IMF) has reaffirmed its deepening programmatic engagement with Egypt, stating that the $8.1 billion Extended Fund Facility (EFF) remains the cornerstone of the nation’s macroeconomic stability. In its latest assessment, the Fund emphasized that the program continues to prioritize exchange rate flexibility, fiscal consolidation, and the…

Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty met with Chairman of the US House Foreign Affairs Committee Brian Mast as part of a series of meetings he is holding with leaders and members of the US Congress during his visit to Washington. Abdelatty affirmed Egypt’s keenness…