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News
Government following up entrepreneurship file closely
1+ hour, 3+ min ago (250+ words) Planning and Economic Development Minister Ahmed Rostom affirmed that Egypt’s hosting of the third edition of the “Global Entrepreneurship Festival” reflects its leading regional position in the Middle East and Africa in the entrepreneurship sector. He noted that the government,…...
Trump’s appetite for tariffs never faded. His next moves could reshape trade
2+ week, 1+ day ago (650+ words) President Donald Trump’s trade war is back. After months of relative quiet following the Supreme Court’s February decision that upended the president’s sweeping tariffs on global trading partners, the administration is once again taking aim. On Friday, levies ranging from…...
Fuel prices may rise if global conflicts persist, economist warns
3+ week, 4+ day ago (419+ words) Economist Mostafa Badra warned that persistent global conflicts and regional escalations could trigger a hike in domestic fuel prices. His analysis came as Egypt’s Fuel Automatic Pricing Committee prepares its next review, relying on a strict trio of economic indicators....
US announces new 25% tariffs on Brazil for ‘unfair’ trade practices
3+ week, 4+ day ago (321+ words) The US plans to impose a 25 percent tariff on some Brazilian imports, after a yearlong investigation concluded that the country had engaged in “unfair” trade practices. United States Trade Representative (USTR) Jamieson Greer announced the measures late Wednesday in a…...
Economist warns fuel prices may rise if global conflicts persist
3+ week, 4+ day ago (419+ words) Economist Mostafa Badra warned that persistent global conflicts and regional escalations could trigger a hike in domestic fuel prices. His analysis came as Egypt’s Fuel Automatic Pricing Committee prepares its next review, relying on a strict trio of economic indicators....
Could shipping waterways in Southeast Asia be a blueprint for Strait of Hormuz fees?
1+ mon, 1+ week ago (275+ words) Oman has outlined a plan for shipping companies to pay service fees to transit the Strait of Hormuz, pointing to the straits of Malacca and Singapore as a possible blueprint. Context: The Malacca and Singapore straits are vital shipping lanes…...
The Strait of Hormuz pain has been China’s gain, The Asia Group says
1+ mon, 1+ week ago (228+ words) China has emerged as the main beneficiary of the Strait of Hormuz closure, according to Washington D.C.-based strategic advisory firm The Asia Group. In a report published this week, it said the stoppage of crude oil and other commodities from…...
Will gold prices continue to decline?
1+ mon, 1+ week ago (302+ words) The head of Egypt’s Gold and Jewelry Division at the Federation of Chambers of Commerce, Hany Milad, assured that gold will remain a safe haven and one of the most important stores of value, adding that the price fluctuations the…...
Analysis: These two new economic numbers blew a hole in Trump’s rosy narrative
1+ mon, 1+ week ago (476+ words) Two new pieces of economic data, one released Thursday and one released Friday, blew another hole in President Donald Trump’s triumphant narrative about the effects of his tariffs. The figures released early Thursday showed Trump had wildly overstated the impact…...
Why are Egypt's gold coins and bars vanishing? Expert explains
1+ mon, 2+ week ago (333+ words) Gold and jewelry industry expert and former advisor to the Supply Minister on gold industry affairs, Nagy Farag, said that the noticeable increase in demand for gold coins and bars reflects a growing awareness of gold’s importance as an investment…...