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The Egyptian economy is improving. EGX is changing. This is increasingly looking like a paradigm shift. Egypt’s net international reserves reached an all-time high of US$56.3bn in July 2026. Remittances reached US$43.1bn in Jul–May FY2025/26, +31.2% YoY, after calendar-year 2025 had already set an all-time record of US$41.5bn. Egypt welcomed a record ~19 million tourists […] The post A CALL TO…
An international study led by The American University in Cairo (AUC) has found that electronic, industrial and plastic waste could serve as a valuable source of high-performance materials for next-generation sensors used in healthcare, environmental monitoring and food safety. The study, published in Nature Sensors, was led by Tamer Shoeib, Professor of Chemistry at AUC […] The post AUC-led study…
Korra Energi secured new contracts worth EGP 5bn during the first half (H1) of 2026, up from EGP 1.1bn in the same period last year, as the company reported higher gross profit margins and an increase in adjusted net income. The company’s backlog reached approximately EGP 15.7bn by the end of H1 2026, according to […] The post Korra Energi secures EGP 5bn in new contracts in H1 2026 first appeared…
Egypt’s Financial Regulatory Authority (FRA) has issued the comprehensive regulatory framework for short selling, paving the way for the imminent activation of the mechanism on the Egyptian Exchange (EGX) for the first time. FRA Chairman Dr. Islam Azzam issued Resolution No. 155 of 2026 following extensive discussions with the exchange, Misr for Central Clearing, Depository […] The post Regulatory…
Egyptian exporters signed 17 contracts worth an estimated $168m with Chinese importers during the “Export to China” event, as the government seeks to expand and diversify Egyptian exports to the Chinese market. The contracts cover exports of flax, textile yarn, leather, copper, aluminium, sugar cane and oranges, according to the Egyptian Commercial Service (ECS) under […] The post Egypt signs…
Egyptian officials laid the foundation stone on Wednesday for a $658m industrial complex to produce phosphoric acid from phosphate ore at the Abu Tartour plateau in the New Valley Governorate. The facility aims to produce 250,000 tonnes annually of highly concentrated commercial phosphoric acid, a key fertiliser component, targeting export via the Red Sea port […] The post $658m phosphoric acid…
The Central Bank of Egypt’s (CBE) Monetary Policy Committee will hold its fifth meeting of the year on Thursday to decide on its key interest rates, a major indicator of the near-term direction of interest rates on the Egyptian pound, amid strong expectations that rates will remain unchanged for a fourth consecutive meeting. The committee […] The post CBE to decide on EGP rates Thursday amid…
Egyptian President Abdel Fattah Al-Sisi reiterated Egypt’s support for Libya’s territorial unity, the unification of its institutions and the holding of presidential and parliamentary elections during talks with Libyan National Army commander Khalifa Haftar on Wednesday. The meeting was also attended by Libyan National Army Chief of Staff Khaled Haftar, Libya Reconstruction and Development Fund…
US President Donald Trump has instructed his top envoys to halt talks with Tehran in a strategic shift aimed at gradually “choking” Iran over time, a move that coincides with heightened risks to commercial shipping and a reported attack in the Strait of Hormuz. A US official told CNN that Trump is adopting a new […] The post US shifts strategy to ‘choke’ Iran as Trump halts talks and Gulf shipping…
Egypt’s Minister of Tourism and Antiquities Sherif Fathy met with his Jordanian counterpart, Imad Al-Hajazin, and the accompanying delegation at the Grand Egyptian Museum during the Jordanian minister’s current visit to Egypt to discuss ways to strengthen cooperation and exchange expertise in tourism and antiquities. The meeting focused on proposals to develop and launch joint […] The post Egypt,…
Ali Abdi Aware, Ambassador of the Federal Republic of Somalia to Egypt and Permanent Representative to the League of Arab States, expressed his deep appreciation for the longstanding historical and scholarly ties between Somalia and Al-Azhar Al-Sharif, affirming that the relationship represents an outstanding model of cooperation in scholarship, religious outreach, and the promotion of […] The…
