News

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…

Egypt is moving to embed environmental considerations into its local development framework as part of a broader effort to improve resource efficiency and advance sustainable development across governorates, Minister of Local Development and Environment Manal Awad said. In a statement, the ministry said Awad chaired an expanded meeting with senior…

Egypt’s Prime Minister, Mostafa Madbouly, chaired a high-level meeting on Sunday to review the availability of pharmaceutical products and active raw materials in the domestic medicine market. The meeting, attended by relevant ministers and officials, focused on ensuring the adequacy of Egypt’s strategic drug reserves and monitoring supply chains, while…

Egypt’s Minister of Finance, Ahmed Kouchouk, announced that the “Citizen Bond” will be re-offered through post offices nationwide in the coming days, following strong demand during its initial issuance. Kouchouk said the first tranche of the bond attracted significant interest from citizens and generated notable proceeds within three weeks of…

Egypt’s Minister of Communications and Information Technology, Raafat Hindy, met on Sunday with Augusta Spinelli, Regional President for Europe, the Middle East, and Africa (EMEA) at SAP, to discuss expanding the company’s investments in Egypt and scaling up its outsourcing operations. The meeting explored opportunities to deepen cooperation in cloud…

Gold prices posted modest gains in Egypt’s local market during last week’s trading, even as global prices declined sharply amid heightened volatility driven by US dollar strength and escalating geopolitical tensions, according to a report by iSagha. Saeed Imbabi, Executive Director of the platform, said local gold prices rose by approximately…