}

Top 10 Trending News to Read This Weekend

The second week of April witnessed a handful of economic developments in the Egyptian market, including the announcement of expansion plans in the energy sector and priorities of the fiscal year (FY) 2026/2027 budget.

USD/EGP exchange rates above EGP 51 at Egyptian banks

The exchange rate between the USD and EGP reached EGP 51.77 for purchase and EGP 51.87 for sale at Banque Misr and the National Bank of Egypt (NBE) on Thursday, April 15th.

TMG Holding unveils $1.4T The Spine project in New Cairo

Egypt’s Prime Minister Mostafa Madbouly witnessed the announcement of The Spine, an urban development project in New Cairo launched by Talaat Moustafa Group (TMG Holding) in partnership with the National Bank of Egypt (NBE), with investments exceeding EGP 1.4 trillion.

SCZONE inks $2M Turkish-Egyptian trailer project in Ain Sokhna

The General Authority for the Suez Canal Economic Zone (SCZONE) signed a $2 million (EGP 104 million) agreement with the Turkish-Egyptian alliance SAI HYDRAULIC to establish a trailer manufacturing project in the Ain Sokhna Integrated Industrial Zone.

How will the introduction of a new 2-pound coin affect daily buying and selling transactions?