News

Gold prices in Egypt’s local market declined by EGP 150, or 2.2%, over the past week, even as global gold prices posted gains, reflecting a correction driven by a narrowing pricing gap between local and international markets. According to a report issued by online gold and jewellery trading platform iSagha,…

Egypt’s Financial Regulatory Authority (FRA) has launched a digital factoring system on its electronic portal in partnership with e-finance to prevent double financing risks and streamline oversight of the sector, the regulator said on Sunday. The first phase of the system allows factoring companies to conduct electronic inquiries into invoices…

Gold prices remained relatively stable worldwide at the close of trading on Friday, ahead of the international stock exchange holiday on Saturday, following a week of sharp rises and falls. Anticipation abounds over trade resuming on Sunday with the opening of Asian markets, where experts predict a limited rebound that…

Cairo, Egypt, 6th February 2026 – TikTok brought the spirit of live streaming to life at the LIVE Fest 2025 MENAT in Dubai, celebrating the creators and communities shaping culture through TikTok LIVE across the Middle East, North Africa, and Turkey. Presented in partnership with BEYOND Developments and held at…

This Ramadan, Rixos Montaza Alexandria invites guests to embrace the spirit of the holy month with an elegant seaside escape that blends authentic traditions with contemporary luxury along the Mediterranean coast. Guests can enjoy daily Iftar at Turquoise Restaurant with stunning sea views or gather at Afandina Ramadan Lounge, the…

Egypt’s Financial Regulatory Authority (FRA) has authorised securities brokerage firms to market their services through electronic payment applications and other digital platforms for the first time, according to a statement issued by the regulator on Saturday. The move, approved by FRA Chairperson Mohamed Farid, aims to leverage the widespread use…

The Ministry of Industry has announced a new package of grace periods and incentives aimed at supporting distressed industrial projects that have exceeded their approved implementation timelines, as part of the government’s efforts to accelerate production, protect manufacturers, and maximise the use of industrial land. The measures, to be implemented…

Shell Lubricants Egypt has launched a revamped lubricants portfolio, including products engineered to meet the 2025 API SQ standard, the highest performance specification for passenger car engine oils to date. The launch, which took place at the Automorrow 2026 international automotive exhibition in Cairo, comes as the local industry shows…

Ninety-nine Egyptian companies specialising in agricultural produce participated in Fruit Logistica 2026, the world’s leading trade fair for fresh fruits and vegetables, held in Berlin from 4 to 6 February 2026, with the Egyptian Commercial Representation playing a key role in organising Egypt’s participation. The official Egyptian pavilion was inaugurated…