Egypt's trade deficit widened by 29% year on year (YoY) to $6.4 billion in August 2026, compared to $4.9 billion in the same month of 2025, according to data released by the Central Agency for Public ...
Gold prices climbed on Wednesday, November 4, with the 25-karat gold rising to EGP 7,117.84 for buying and EGP 7,056.44 for selling.
The USD weakened on Wednesday, November 4, falling below the EGP 55 mark.
ADD Properties, a member of Sami Saad Holding, has signed a $265 million syndicated financing agreement to support a new Grand Hyatt hotel and reprofile its capital structure.
Egypt is stepping up efforts to localize automobile manufacturing and related industries, with plans to expand electric vehicle production and increase local content in vehicles, Prime Minister Mostafa Madbouly said during a meeting to review the government's automotive localization plan.
