News
Egypt stocks hit record highs as market cap tops LE3.15 trillion
3+ hour, 36+ min ago (207+ words) CAIRO, Jan 23 (MENA) " Egypt's stock market hit new record levels last week, with strong gains lifting the market capitalization of listed companies above LE 3.15 trillion for the first time, reflecting improved investor sentiment. Market capitalization rose by about LE 180 billion…...
Russian travel groups forecast up to 50% growth for Egypt in 2026
1+ day, 2+ hour ago (129+ words) According to a recent report by the Association of Tour Operators of Russia (ATOR), leading Russian travel providers agree that Egypt will maintain its position in 2026 as the most sought-after outbound destination for Russian tourists. Growth projections remain positive across…...
Gold prices slump below record highs amid strengthening US dollar
2+ day, 56+ min ago (260+ words) Global gold prices fell on Thursday, as precious metals saw a broad decline driven by subsiding geopolitical risks and a diminishing appetite for safe-haven assets. This downturn follows a shift in US President Donald Trump's stance, as he moved away…...
Egyptian Senate discusses amendments to real estate tax law
2+ week, 5+ day ago (306+ words) The Egyptian Senate discussed during its plenary session on Sunday a report on a government-proposed bill to amend certain provisions of Law #196 of 2008 concerning the tax on built properties. Abu-Hashima said that amending the property tax law is part of…...
Egyptian exports exceeded more than 9 million tons in 2025 – minister
3+ week, 3+ hour ago (42+ words) Egyptian exports exceeded more than 9 million tons in 2025 " minister'Egypt Independent Agriculture Minister Alaa Farouk said the country's agricultural exports exceeded nine million tons in 2025. Farouk told AlQahera News channel that Egypt's agricultural exports reached 9.2 million tonnes....
Egypt’s agricultural exports surpass 9 million tons in 2025
3+ week, 1+ day ago (144+ words) The Egyptian Minister of Agriculture, Alaa Farouk, announced that agricultural exports surpassed 9 million tons in 2025. In a televised interview with Al-Qahera News (Cairo News), Farouk clarified that Egypt's agricultural exports reached a total of 9.2 million tons. He noted that citrus…...
Iran appoints new central bank governor after mass protests as currency hits record low
3+ week, 2+ day ago (455+ words) Iran appointed a new central bank governor on Wednesday as an economic crisis sparked mass protests following a record currency fall against the US dollar. President Masoud Pezeshkian's Cabinet appointed Abdolnasser Hemmati, a former economics minister, as the new governor…...
Egyptian businessman proposes idea to solve nation’s domestic debt crisis
4+ week, 3+ hour ago (279+ words) Egyptian businessman Hassan Heikal on Thursday proposed a "grand swap" as a solution to Egypt's domestic debt woes. He explained that this solution involves transferring state investments to the sovereign wealth fund, with the state owning approximately 70 percent of it....
PM says Egypt aims for lowest public debt levels in 50 years
4+ week, 2+ day ago (365+ words) CAIRO, Dec 24 (MENA) " Prime Minister Mostafa Madbouly said Egypt had begun a downward path in its debt indicators, noting that public debt had fallen to about 84 percent of GDP from 96 percent two years ago, and that the government was working…...
Debt: A perpetual choice
1+ mon, 1+ hour ago (729+ words) In Mostafa Madbouly's recent commentary on public debt, I could only see the Egyptian economy as a patient recently transitioned from the ICU to a regular ward'yet still dangerously tethered to life-support systems. To disconnect the machinery now would be…...