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Egypt signs contracts to develop major petrochemical hub with Chinese partnership
Egypt on Wednesday signed a package of design contracts for the first phase of a $7.5 billion Red Sea petrochemical…
EGX ends week mixed on April 17
Egypt’s stock exchange (EGX)t closed on a mixed note Thursday, with the benchmark EGX30 index rising 0.10 per cent…
Markets shrug off ECB’s seventh rate cut
European shares extended losses on Thursday after the European Central Bank (ECB) lowered interest rates by 25…
Egypt’s Sisi, Rwanda’s Kagame discuss E. Congo crisis, cooperation
Egyptian President Abdel Fattah El Sisi held a phone call on Thursday with Rwandan President Paul Kagame to discuss…
EGP edges lower vs. US dollar at Thursday’s close
The Egyptian pound (EGP) saw a minor decline against the US dollar (USD) on Thursday, April 17, 2025, according to…
Egypt’s PM: Govt committed to clearing path for foreign investors
Egyptian Prime Minister Moustafa Madbouly said on Thursday that the government is fully committed to removing…
URGENT: ECB cuts interest rates
The European Central Bank (ECB) decided on Thursday to lower its key interest rates by 25 basis points, effective…
EGX announces Easter, Sham El Nessim, Labour Day breaks
The Egyptian Exchange (EGX) will suspend trading on Sunday, April 20th, and Monday, April 21st, in observance of…
Türkiye raises interest rate amid inflation risks
Türkiye’s central bank raised its benchmark interest rate by 350 basis points to 46 per cent on Thursday,…
Egypt’s development finance hits $9.6b in 2024, private sector leads
Egypt secured a record $4.2 billion in concessional development financing for the private sector in 2024, the…