Starting October, Full-Day Pay for Guides Jumps to EGP 1,800 Amid Push for Better Service and Fairer Labor Egypt’s government is handing a long-awaited raise...
Saudi Arabia Pushes Forward with Bold Renewable Energy Drive Worth $8.3 Billion
Seven new clean energy projects signal Riyadh’s resolve to balance oil dominance with a greener future Saudi Arabia is doubling down on renewable energy —...
Egypt Seeks U.S. Investment Lifeline as Vision 2030 Goals Face Clock
Cairo is hustling to bring American money into its economy, offering ports, factories, and reforms to sweeten the deal. Prime Minister Mostafa Madbouly has given...
Egypt Strikes $900 Million Debt Swap Deals With Germany, Italy, and China Amid Mounting Fiscal Pressures
Egypt has sealed over $900 million in debt-for-development deals with three major economies—Germany, Italy, and China—as it looks for breathing room in the face of...
Egypt’s Lost Decade: El-Sisi’s Rule Leaves Millions Struggling to Survive
Twelve years on from the day Field Marshal Abdel Fattah El-Sisi promised a new dawn for Egypt, many Egyptians say they are worse off than...
Egypt’s Economy Posts Strongest Quarterly Growth Since 2022 as Factories Roar Back
Manufacturing booms with 16.3% surge, but energy slump and Suez dip weigh on momentum Egypt’s economic engine is humming again. After more than a year...
Dollar Dips Against Egyptian Pound as Banks Chart Diverging Paths
A surprising slide in the U.S. dollar's value against the Egyptian pound sent ripples through Egypt’s banking sector on Sunday, hinting at shifting tides in...
War at the Borders, Records in the Markets: Israel’s Economic Paradox Unfolds
Israel is facing down regional turmoil with missiles in the sky—and record numbers on the stock ticker. Markets in Tel Aviv are not just holding...
Egypt’s Citrus and Potato Boom Powers First-Half Export Surge to 5.2 Million Tonnes
Fruit and vegetable exports remain the lifeblood of Egypt’s agri-sector as government pushes to cement its place on global food map Egypt’s fields are delivering...
Egypt Tightens Grip on Export Revenues with New Currency Rules
Egypt’s government is cracking down on foreign exchange leaks from export operations, expanding the list of goods that require full upfront payment in foreign currency...
Euro Vaults to Fresh Highs Against Egyptian Pound, Sparks Worry and Speculation
The euro kicked off Egypt’s banking week with a bang, jumping more than 30 piasters in just a day. That’s not just a number—it’s a...
Foreign Cash Floods Egypt’s Treasury Bills as Investors Look Past Regional Flashpoints
Foreign investors stunned Cairo’s financial markets Wednesday by pumping billions into Egypt’s short-term debt, shrugging off the regional tremors stirred by tensions between Israel and...
Egypt’s Interest Rate Cut Seen as No Immediate Spark for Local Gold Prices
Egypt’s recent decision to slash interest rates by a full percentage point won’t instantly shake up gold prices here at home, according to Ehab Wassef,...
Saudi Arabia Reaffirms $600 Billion Push to Deepen U.S. Trade and Investment Ties
King Salman chairs Cabinet session in Jeddah as Riyadh eyes historic economic alignment with Washington Saudi Arabia is doubling down on its economic ambitions with...
Saudi Media Industry Set to Double Economic Impact, Targeting $12 Billion by 2030
Saudi Arabia’s media sector is on the brink of a major leap, aiming to double its contribution to the national economy and create a vibrant...
Egypt Unveils $1.5 Billion Treasury Bills in Ambitious Auction Move
The Central Bank of Egypt took a big step on Sunday, May 18, issuing treasury bills totaling EGP 75 billion ($1.5 billion) in two separate...