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Business - Economy
10/25/2023 4:20:19 PM
The Israeli war on Gaza has driven the Egyptian pound down to a record low on the parallel market, where it is now trading for EGP 46 against the US dollar, said Ramona Moubarak, head of MENA Country Risk at Fitch Solutions.

Business - Markets & Companies
10/25/2023 3:34:46 PM
After a brief trip, the Egyptian Exchange (EGX) indices return on Wednesday to break their historic records, with over 3 percent jumps for each. Similarly, the gold market was very active, as the gold coin price surged by EGP 920.

Business - Markets & Companies
10/24/2023 4:17:36 PM
The Egyptian Exchange (EGX) ended Tuesday with mixed performance, with the main index suffering a marginal decline; gold prices are still rising albeit at a slower rate.

Business - Markets & Companies
10/23/2023 4:17:24 PM
The Egyptian Exchange (EGX) indices rebroke yesterday's historical records on Monday and the main index exceeded the 22,500-point threshold. Gold also is rising and the gold coin reached EGP 19,800 for purchase.

Business - Markets & Companies
10/22/2023 4:01:38 PM
The Egyptian Exchange (EGX) indices started the week with great leaps, with all indices reaching their highest level ever.

Business - Economy
10/20/2023 4:03:10 PM
Stock markets slid and oil prices jumped Friday on worries that an expected ground invasion of Gaza by Israel would spark a wider conflict in the crude-rich Middle East.

Business - Markets & Companies
10/19/2023 6:13:14 PM
The Egyptian Exchange (EGX) indices achieved significant leaps after a week of fluctuations. The main index reached an unprecedented summit above 22,400 points before losing nearly 1,000 points due to the escalating war in Palestine.

Business - Markets & Companies
10/19/2023 3:52:14 PM
The Egyptian Exchange (EGX) indices ended Thursday with mixed performance and the market cap lost EGP 31 billion after taking unprecedented leaps mid-week. Gold prices are still rising, as the safe haven benefits from the rising geopolitical tensions.

Business - Markets & Companies
10/18/2023 3:31:37 PM
The Egyptian Exchange (EGX) indices closed near yesterday’s levels on Wednesday and the benchmark index EGX30 added 53 points to its historic high, reaching another milestone.

Business - Economy
10/17/2023 6:01:50 PM
US and European stock markets mostly fell and oil prices rose on Tuesday as US President Joe Biden prepared for a trip to the Middle East aimed at preventing the Israeli escalation against Gaza from creating a regional war.

Business - Markets & Companies
10/17/2023 4:35:36 PM
The Egyptian Exchange (EGX) continued its unprecedented performance on Tuesday with the benchmark surging by nearly 1,000 points, reaching a new all-time-high above 22,000 points.

Heritage - Heritage special
10/17/2023 12:58:46 PM
The fifth edition of Egypt's premier handicrafts exhibition put traditional artisans on track to the global market.

Business - Markets & Companies
10/16/2023 3:37:50 PM
The Egyptian Exchange (EGX) achieved unprecedented levels on Monday, as the benchmark index EGX30 broke a new record to end above 21,000 point for the first time ever.

Business - Markets & Companies
10/15/2023 3:38:20 PM
The Egyptian Exchange (EGX) indices led the week with a positive performance. The main index EGX30 exceeded 20,300 points on Sunday, approaching its historic levels achieved before the eruption of the Hamas-Israel conflict that affected the market starting from the 8th of October.

Business - Economy
10/14/2023 3:45:25 PM
A glut of educated graduates, many in fields with few job opportunities, are proving difficult for the Egyptian labour market to employ.

Business - Markets & Companies
10/12/2023 8:38:56 PM
The Egyptian Exchange (EGX) indices remained at their regular levels at the end of last week despite the negative news that affected the market throughout the week.

Business - Markets & Companies
10/12/2023 3:10:48 PM
The Egyptian Exchange (EGX) moved on Thursday towards full recovery from the impact of geopolitical tensions, as the benchmark returned to break the 20,000-point threshold near its historic highs. The market ended Thursday with mixed performance. Gold prices continue their rising trajectory.

Business - Markets & Companies
10/11/2023 3:58:05 PM
The Egyptian Exchange (EGX) is still processing the negative impacts of the Hamas-Israel conflict. The market ended Wednesday with mixed performance. Gold prices continue their rising trajectory.

Business - Economy
10/11/2023 12:04:14 PM
Egypt’s gross debt-to-GDP ratio is projected to be 92.7 percent in 2023, the highest among the emerging markets and the middle-income economies, the International Monetary Fund (IMF) said on Wednesday.

Business - Energy
10/10/2023 6:52:47 PM
Investments related to climate risks mitigation have to reach 12 percent of total investments in emerging markets and developing economies by 2030, which is a significant increase from the current three percent, the International Monetary Fund (IMF) said on Tuesday.

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