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Egypt - Foreign Affairs
2/29/2024 10:31:00 PM
Egypt's President Abdel-Fattah El-Sisi and US President Joe Biden discussed on Thursday the joint efforts of Egypt, Qatar, and the US to calm the situation in Gaza, reach a ceasefire, exchange prisoners, and facilitate the entry of humanitarian aid to the strip.

War on Gaza - War on Gaza
2/28/2024 12:57:53 PM
The military wing of Palestinian group Hamas on Wednesday said it fired a volley of rockets towards northern Israel from south Lebanon, amid escalating exchanges at the Lebanon-Israel border in recent days.

Al-Ahram Weekly - Egypt
2/27/2024 10:13:05 PM
The timing of the purchase of the development rights to Ras Al-Hekma on Egypt’s North Coast by the Abu Dhabi Sovereign Wealth Fund could not have been better for the economy, reports Sherine Abdel-Razek

Business - Markets & Companies
2/21/2024 5:47:04 PM
The Egyptian Exchange (EGX) indexes showed mixed performance at the end of Wednesday's trading amid sales by foreign investment funds and Egyptian and Arab investors.

Egypt - Foreign Affairs
2/15/2024 10:53:40 PM
President Abdel-Fattah El-Sisi reviewed in a telephone call with Canadian PM Justin Trudeau Egypt’s efforts to reach an immediate ceasefire in the Gaza Strip, exchange prisoners, and give access to humanitarian aid in large and sufficient quantities to the people of the Strip.

War on Gaza - War on Gaza
2/14/2024 11:02:05 AM
Negotiations for a truce and a captives exchange deal in Gaza headed into a second day in Cairo on Wednesday, as displaced Palestinians braced for an expected Israeli assault on their last refuge of Rafah.

War on Gaza - War on Gaza
2/13/2024 1:44:13 PM
CIA Director William Burns was due in Cairo on Tuesday for a new round of talks on a Qatari-brokered ceasefire proposal that would temporarily halt fighting in exchange for Hamas freeing captives.

Business - Markets & Companies
2/11/2024 7:24:03 PM
Egyptian Exchange indexes posted collective losses at the close of Sunday's trading session, prompted by selling operations by Arab and foreign institutions, investment funds, and foreign investors against purchases by local institutions and Egyptian and Arab investors.

Business - Economy
2/11/2024 2:12:28 PM
Egypt's leading real estate developer Talaat Mostafa Group (TMG) has completed the final acquisition contract for a majority equity stake of 51 percent with full management rights in seven state-owned hotels, the TMG said in a disclosure statement to the Egyptian Exchange on Sunday.

Egypt - Foreign Affairs
2/10/2024 10:22:57 PM
Prime Minister Mostafa Madbouly highlighted on Saturday Cairo's keenness to increase the rates of trade exchange and investment between Egypt and Bulgaria.

War on Gaza - War on Gaza
2/7/2024 11:09:36 PM
Israel and Hamas are examining proposed terms for a deal meant to bring about a cease-fire in the 4-month-old Israeli-Gaza war in exchange for the release of dozens of captives still held there and the freeing of many Palestinians from Israeli prisons.

Business - Economy
2/7/2024 8:59:29 PM
The foreign exchange shortage that Egypt has been facing for over two years is currently a key challenge for the Egyptian economy, especially the industrial sector - a challenge that could erode all the actions taken by the country to attain economic growth.

Business - Markets & Companies
2/7/2024 7:02:24 PM
Egyptian Exchange (EGX) indexes posted collective gains at the close of Wednesday's trading session, backed by purchases by local institutions and Egyptian, Arab, and foreign investors.

Egypt - Society
2/6/2024 6:46:02 PM
Dollar exchange rate and Red Sea tensions are among key reasons behind the significant surge in coffee prices that Egypt has been recently witnessing, Hassan Fawzy, head of the Coffee Division at Cairo Chamber of Commerce, said on Tuesday.

Business - Markets & Companies
2/1/2024 7:18:53 PM
The Egyptian Exchange (EGX) saw diverse performance in the week concluding on 1 February as investors awaited the Central Bank of Egypt's decision on key interest rates.

Business - Markets & Companies
2/1/2024 4:07:48 PM
The Egyptian Exchange (EGX) concluded Thursday's session on a positive note, with the EGX100 index surpassing 9,300 points. Simultaneously, the gold pound coin reached a new high value of EGP 31,000.

Business - Economy
2/1/2024 1:02:03 PM
The 12-month non-deliverable forward contracts for the Egyptian pound against the US dollar surged to an all-time high of EGP 63, with short-term contracts also following this upward trend, according to Bloomberg.

Al-Ahram Weekly - Economy
2/1/2024 10:34:00 AM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is to hold its first meeting for 2024 on Thursday to review key interest rates amid unprecedented economic challenges. The CBE’s next move on interest rates is unpredictable.

Business - Economy
1/31/2024 4:36:22 PM
The US dollar rate in Egypt’s currency parallel market has soared to a new peak, hitting EGP 72 per USD, multiple sources in the local market reported to Ahram Online.

Business - Markets & Companies
1/31/2024 3:50:23 PM
The Egyptian Exchange (EGX) took a deep dive on Wednesday and the market cap lost EGP 153 billion, shrugging off historic gains on Tuesday.

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