How new high-yield CDs affect Egypt’s stock market

Investors weigh their options amid competing investment channels

Daily News Egypt

US and allies warn Houthis of “unlawful attacks” on international shipping 

The governments of the United States, Australia, Bahrain, Belgium, Canada, Denmark, Germany, Italy, Japan, the Netherlands, New Zealand and the United Kingdom stated on Wednesday calling on the Houthis to…

Daily News Egypt

Osama Saraya wins AFASU Golden Journalism Award for his distinguished journalistic career

Hossam Darwish, President of the African-Asian Union (AFASU), which emerged from the Organization of African-Asian Solidarity, presented the prestigious African-Asian Union Golden Award for Journalism Excellence (AFASU Golden Award) to…

Daily News Egypt

ACUD introduces ‘equal instalments’ system for land offerings

New system enables developers to purchase lands with equal quarterly payments

Daily News Egypt

FRA issues new rules for granting licences to non-banking financial companies

Financial institutions must own at least 25% of capital and women must have at least 25% representation on board

Fatma Salah

Palestinian President warns of Israeli measures to displace Palestinians

Abbas rejects any plan to separate Gaza Strip from West Bank, calls for political solution based on international legitimacy

Sami Hegazi

Egypt’s women’s clothing exports reach $2.2bn in 11M 2023

Garment sector sees growth in both European, Arab markets

Daily News Egypt

Egypt unveils 1.1GW wind project in historic $1.5bn deal won by Saudi-led consortium

A consortium led by Saudi Arabia's ACWA Power signed on Wednesday a monumental usufruct agreement for a 1.1-gigawatt wind energy project with $1.5bn of investment, according to a statement by…

Daily News Egypt

World Bank, Egyptian government cooperate on state ownership policy, asset management

World Bank mission visits Egypt to discuss technical support, best practices for managing state-owned assets

Daily News Egypt

Egypt’s core inflation drops to 1.3% in December 2023

Central Bank of Egypt maintains key interest rates, targets lower inflation rates in medium-term

Hossam Mounir