News

The Central Bank of Egypt (CBE) recorded an unprecedented milestone at the close of 2025, as the value of its gold reserves surged by approximately 71 percent year-on-year. By the end of December, the value of gold in Egypt’s vaults reached $18.166 billion, reflecting Cairo’s strategic shift toward hedging with…

Minister of Public Enterprises Sector Mohamed Shimi received Head of Future of Egypt Authority for Sustainable Development Bahaa El-Ghannam, at the ministry’s headquarters in the New Capital to discuss ways to strengthen cooperation and advance strategic partnerships in support of the state’s sustainable development goals. The meeting reviewed a number…

The Ministry of Finance announced that Egypt’s five-year credit default swap (CDS) prices fell below 270 basis points on 6 January, marking their lowest level since 2020. At the same time, the cost and yields of international bonds declined sharply by between 300 and 400 basis points compared to the…

Egypt has commenced executive procedures to establish a specialised “Food University” aimed at supporting national food security and sustainable development, the Education Development Fund (EDF) announced. The project, which is being implemented in partnership with Japan’s Hiroshima University and the universities of Cairo and Benha, follows a Dec. 19, 2024,…

CAIRO, Jan 5 (MENA) – Prime Minister Mostafa Madbouly said the government attaches great importance to entrepreneurship, noting that a ministerial working group is overseeing the file alongside an advisory committee of experts and specialists to advance this vital sector. Madbouly added that a dedicated charter for entrepreneurship has been…

Waldorf Astoria Cairo Heliopolis is proud to announce a landmark achievement on the global hospitality stage, having received two prestigious accolades at the World Travel Awards Grand Final Gala Ceremony 2025, held in Bahrain. The hotel was honored with the following titles: Egypt’s Best MICE Hotel 2025 World’s Leading City…

Earnings announcements remain among the most closely watched events in the U.S. stock market, often acting as catalysts for sharp price movements and shifts in investor sentiment. Each week, dozens of publicly listed companies release quarterly results that offer insight into revenue growth, profit margins, and overall financial health. These…