Air pollution crackdown detects 131 open-burning sites, violations at 19 industrial facilities
Environmental authorities detected 131 open-burning sites and violations at 19 industrial facilities during the first half of September as part of intensified efforts to curb severe air pollution episodes across…
Gold prices rise by EGP 110 over week
Gold prices rose during trading over the past week, with the price of a gram of 21-karat gold, the most widely traded in the local market, increasing by around EGP…
Belgian firm Hydrovolta discusses 10-million-cubic-metre desalination project in Egypt
Egyptian Minister of Electricity and Renewable Energy Mahmoud Esmat held talks with the head of Belgian firm Hydrovolta, George Brek, to discuss cooperation on a proposed project to desalinate 10…
Following rate hike, US Fed raises global cost of capital
The US Federal Reserve’s interest rate hike affects Egypt’s banking sector indirectly through its impact on the global cost of funds, capital flows, exchange rates, and expectations for domestic interest…
Banks, mortgage finance companies provide EGP 111.131bn under housing initiative as of July 2026
Banks and mortgage finance companies participating in the mortgage finance initiative for low- and middle-income customers provided EGP 111.131bn in financing to around 723,604 customers as of July 2026, according…
CBE explains drivers behind inflation slowdown in August 2026
Egypt’s annual urban headline inflation slowed to 14.5% in August 2026, down from 14.9% in July 2026, according to the Central Bank of Egypt (CBE). The decline was mainly attributed…
Al-Sisi orders expansion of data centres, 5G as Egypt targets $12bn in outsourcing exports by 2029
Egypt’s President Abdel Fattah Al-Sisi has ordered an expansion of large-scale data centres and 5G networks, alongside increased investment in cloud computing and artificial intelligence, as Egypt targets $8bn in…
Ten thousand voices, one stage: International youth festival ends with grand musical spectacle in Ekaterinburg
In a arena glowing with 10,000 light-emitting diode wristbands, young delegates from 191 countries sang together in Russian, exchanged plush Cheburashka toys, and listened to messages from orbiting cosmonauts as…
Lavrov warns of “very short” war if Europe attacks Russia during Ekaterinburg address
EKATERINBURG – Russian Foreign Minister Sergey Lavrov warned Europe that any attack on the Russian Federation would result in a "very short" war, delivering the remarks during a lecture on…
Egypt’s Madinaty Golf Club to host two Asian Development Tour tournaments with $250,000 prize purse
The Egyptian Golf Federation announced that Madinaty Golf Club will host two international professional tournaments on the Asian Development Tour with a combined prize fund of $250,000, reinforcing Egypt's position…