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News
Industry Minister stresses need to build Egyptian furniture identity
14+ hour, 55+ min ago (610+ words) Minister of Industry Khaled Hashem stressed that the furniture industry is one of Egypt’s longstanding industries, with a rich history and an internationally recognized reputation, supported by promising competitive advantages and capabilities that qualify it to achieve unprecedented growth rates....
Gold prices rise as US dollar drops
3+ day, 13+ hour ago (207+ words) Gold prices advanced on Thursday, buoyed by a softer US dollar as investors closely await key inflation data out of the United States. Spot gold rose zero point three percent to US$4,412.84 per ounce by 02:34 GMT. Meanwhile, US gold futures…...
Egypt's economy records 5.1% growth in 2025/2026
3+ day, 15+ hour ago (204+ words) Egypt’s economy grew 5.1 percent in the 2025/2026 fiscal year, exceeding forecasts by major international financial institutions, Minister of Planning and Economic Development Ahmed Rostom said on Wednesday September 9,2026. Rostom announced the figure during meetings with executives from major regional and international…...
An unprecedented surge - Suez Canal Economic Zone's growth exceeds 300%
3+ day, 14+ hour ago (271+ words) Egypt’s northern maritime gateways revealed a surge of operational growth throughout the 2025/2026 fiscal year, consolidating the Suez Canal Economic Zone’s position as a dominant Eastern Mediterranean transshipment power. Transit volumes skyrocket across Port Said terminals West Port Said: Transit container…...
Will the Central Bank raise interest rates at its upcoming meeting?
3+ day, 14+ hour ago (434+ words) Expectations are growing that central banks globally will move to raise interest rates to hedge against an inflationary wave triggered by rising energy prices. Expert forecasts for the Central Bank of Egypt’s (CBE) upcoming Monetary Policy Committee meeting on September…...
Minister directs governorates to ban cutting down or uprooting of trees
3+ day, 14+ hour ago (368+ words) Minister of Local Development and Environment Manal Awad directed all governorates to preserve and sustain trees across all governorates and to continuously monitor the implementation of the presidential initiative to plant 100 million trees.In a periodical issued to all governorates,…...
Tycoon Salah Diab proposes solution to Egypt???s water crisis: "We will cultivate 100 million feddans"
5+ day, 13+ hour ago (230+ words) Prominent Egyptian business tycoon and founder of Al-Masry Al-Youm, Salah Diab, has urged a sweeping transition from traditional flood irrigation to modern drip systems to combat Egypt’s escalating water crisis, citing tenfold consumption cuts in agricultural trials. Speaking during an…...
Amr Adib calls for urgent decision to regulate tree cutting in Egypt
6+ day, 12+ hour ago (353+ words) TV host Amr Adib proposed issuing an urgent decision to halt tree cutting for one or two months to reorganize the issue and establish clear regulations governing removal operations. During his program “al-Hekaya” (The Story) on Sunday evening, Adib emphasized…...
PM: Localization key to meeting healthcare sector???s needs
6+ day, 14+ hour ago (540+ words) Prime Minister Mostafa Madbouly stressed that expanding the localization of healthcare-related industries is key to strengthening local production capacity and meeting the healthcare sector’s needs for essential equipment and supplies. He said the diversity of such projects, ranging from the…...
Tariff elimination opens Chinese market to Egyptian goods: Chinese news channel
1+ week, 4+ day ago (308+ words) China’s CGTN news channel highlighted Chinese President Xi Jinping’s visit to Egypt on Tuesday, stating that relations between the two countries are at their best point ever. It noted that official data indicates China has remained Egypt’s largest trading partner…...