Business

Economy

US dollar climbs past EGP 50 for 2nd time in August on Tuesday

The US dollar strengthened against the Egyptian pound on Tuesday, ending a three-day recovery by the local currency and pushing the exchange rate back above EGP 50 per dollar at the close of business, according to Central Bank of Egypt (CBE) data.

Full story
US dollar climbs past EGP 50 for 2nd time in August on Tuesday
#

Why the Middle East war still convulses the oil market

#

Egypt targets 20% rise in oil exploration as investment confidence improves: Minister

#

Egypt debt owed to IMF drops to $9.3 billion: Official

#

Egypt allocates EGP 6 bln third instalment for export support payments

#

Egypt annual core inflation accelerates to 14.7% in July: CBE

#

Egypt FRA cuts green bond application review fees by 50% to support investment climate

#

Egypt external debt rises 5.2% to $164.8 bln at end-June 2026: CBE

#

Egypt annual inflation rises to 13% in July, monthly rate nearly flat at 0.1%: CAPMAS

#

Qatari Diar launches 1st phase of Egypt’s Alam El Roum project

#

Egyptian pound maintains rate below EGP 50/$1 on Sunday’s COB

#

Egypt’s trade deficit narrows by 0.30% in May 2026 as total exports surge: CAPMAS

#

Wall Street week ahead: Inflation, retail sales updates

#

Egypt unemployment rate falls to 5.8% in Q2 2026

#

UK clears Paramount's takeover of Warner Bros

#

Egyptian pound strengthens below EGP 50/$1 as fresh financing eases pressure

#

Egypt financial inclusion rate climbs to 79% by end-June 2026

Markets & Companies

Chinese Jasan Group breaks ground on $117 mln garment complex in Egypt

China’s Zhejiang Jasan Holding (Jasan Group) has broken ground on its $117 million integrated industrial complex for textile and garment manufacturing in the Qantara West Industrial Zone, the General Authority for the Suez Canal Economic Zone (SCZone) announced on Monday.

Full story
Chinese Jasan Group breaks ground on $117 mln garment complex in Egypt
#

Oil prices rise further as hopes for Hormuz deal fade

#

Stocks mostly flat with focus on US inflation

#

Egypt promotes investment, trade opportunities during BRICS Trade Ministers meeting

#

Sri Lanka’s Hirdaramani Group eyes expansions in Egypt’s textile sector

#

Stocks diverge with earnings, tech in focus

#

Stocks rise on Wall Street and add to their records as oil prices hold steady

#

Egyptians abroad benefit from non-banking financial services in Egypt: FRA

#

Egypt targets full vehicle manufacturing by localizing car bodies, boosting domestic content: Minister

#

Oil prices and world shares gain after Wall Street hits fresh records on strong corporate earnings

#

UPDATED: Oil drops, stocks hit records on hopes of Hormuz opening

#

Oil prices gain and Asian shares are mixed after a rally on Wall Street

#

HSBC to exit Egypt retail banking business in deal with Emirates NBD

#

Stocks climb on earnings and rates, oil retreats

#

Egypt’s Golden Triangle inks first industrial development contract with El Sewedy

#

Egypt's FRA to launch short-selling framework within days

#

Oil prices jump following fighting with Iran, while sinking AI stocks drag Wall Street lower

Energy

Egypt approves African Development Bank grants for renewable-powered desalination project

Egypt's cabinet has approved a draft presidential decree for two grants from the African Development Bank (AfDB) to support the preparation of the country's renewable-energy-powered desalination project under the water pillar of the NWFE (Nexus of Water, Food and Energy) national platform.

Full story
Egypt approves African Development Bank grants for renewable-powered desalination project
#

Cyprus natural gas to supply Europe by first half of 2028: Minister

#

Oil prices fall nearly 5% after US announces new Iran talks

#

Egypt says fire breaks out on regasification, storage vessels at Damietta Port, no casualties reported

#

Eni, TotalEnergies ink FID agreement for Cronos gas field project

#

BP targets 80 mln cubic feet of gas per day from restarted Mediterranean well

#

Kuwait signs $16 bln pipeline deal with Blackstone, KKR, Brookfield

#

EU carbon rules threaten competitiveness of Egypt’s fertilizer exports: INP

#

EMRA inks agreements for phosphate industry expansion with Genesis Mining

#

Khalda Petroleum discovers new gas well in Egypt's Western Desert

#

US hails plan to restore Iraqi-Syrian oil pipeline

#

EU reforms carbon market under pressure from industry

#

Nigeria oil output hits six-year high, above OPEC target

#

Egypt, China to modernize national grid, integrate renewable energy

#

IEA says global oil demand picks up despite war fears

#

Egypt installs reactor vessel at El Dabaa's second nuclear unit

#

US revokes temporary sanctions waiver on Iranian oil

Tech

INTERVIEW| Egypt mobile wallet market triples since COVID, Axis Pay targets 3 mln users: Axis CEO

Egypt's mobile wallet market has expanded from around 15 million users before the COVID-19 pandemic to about 50 million today, creating substantial room for fintech growth as Axis Pay targets three million customers within the next two to three years, Jacques Marco, founder and CEO of Axis Pay, told Ahram Online in a short interview following a media roundtable organized by the company on Tuesday.

Full story
INTERVIEW| Egypt mobile wallet market triples since COVID, Axis Pay targets 3 mln users: Axis CEO
#

Meta, TikTok agree to boost fact-checking after Ceuta migrant rush: EU

#

Analysis| SpaceX aims to use rockets to transport cargo across Earth and into orbit

#

World Bank urges developing economies to prioritize AI adoption over innovation

#

CBE, African central banks association launch digitial portal to boost African financial stability

#

OpenAI says rogue AI agent attack hit other companies

#

Analysis| Al‑Qaida and the Islamic State group are both adopting AI, but differ in how they think about the technology

#

Bank of Ghana seeks Egyptian expertise in AI, digital transformation, cybersecurity

#

Egypt's outsourcing exports hit $5.2 billion in 2025: Minister

#

Supply ministry, Telecom Egypt discuss unified card, subsidy reforms

#

China's Kimi K3 rattles US AI industry

#

UK opens probe into TikTok's child safety measures

#

TikTok expands AI transparency tools as generative AI reshapes digital economy

#

EU to consider gradual social media access for children

#

EU tells Meta to change Facebook, Instagram's 'addictive design'

#

Vodafone Egypt, Banque Misr partner to expand digital payments and financial inclusion

#

Egyptian SMEs step up digital adoption despite economic pressures: Mastercard survey

Latest News
Egypt’s power grid hits record 40,000 MW as heatwave drives electricity demand
US helicopter fired on ship that tried to break Iran port blockade: US military
Six killed in Houthi strike on ship in Red Sea: Yemen coastguard
Swimming: Ramsay-Peaty out of medals as Italy's Martinenghi wins European.....
PSG 'want to win everything': Coach Luis Enrique
Egypt’s Trezeguet joins Saudi Arabia’s Al-Riyadh on free transfer
3 bodies recovered after fire engulfs commercial building in Giza
Egypt announces EGP 400,000 compensation for families of Ismailia crash victims
Lebanon abolishes death penalty in Middle East first
Egypt, UK stress need to implement Gaza peace plan
Most Viewed
Four killed, five injured in Cairo building collapse
Death toll rises to 18 in Ismailia crash
UPDATED: Colombia searches for over 3,000 missing after a powerful earthquake.....
El-Sisi orders probe as Ismailia workers’ crash death toll rises to 18
Egypt foils arms-smuggling attempts along southern border, seizes over 49,000.....
Rebel authorities in Ethiopia's Tigray state denounce army's drone strikes
Egypt opens second-phase university admissions registration Wednesday
Egypt annual core inflation accelerates to 14.7% in July: CBE
Syria court sentences in absentia ousted ruler Bashar al-Assad to death
Egypt welcomes Russia’s decision to launch direct flights to Borg El-Arab, Alamein
#