Egypt takes measures for strategic reserve of essential goods to regulate markets: PM
Prime Minister Mostafa Madbouly stated that the government has begun procedures to provide a strategic stock of essential goods to regulate markets, according to a statement issued, Sunday, by the Cabinet. “Amidst the rise in prices of several goods, despite the recent economic measures taken by the state, which have contributed to the availability of […]
Full financing by Egyptian Banks clears accumulated goods at Egypt’s Ports
Egyptian banks have successfully provided full financial support to cover all pending import requests for essential commodities at Egypt’s ports, effectively eliminating the lengthy waiting list, according to Egyptian bankers speaking to Asharq Bloomberg. This has resulted in the prompt release of goods, particularly food commodities, medicines, feed, and production necessities. The Head of the […]
EGX starts week in green, market cap. gains LE2.19B
The Egyptian Exchange (EGX) started the week in the green zone, adding around LE 2.19 billion to the market capitalization, amid local purchases. The benchmark EGX30 inched up 0.02 percent, or 5.06 points, to end at 29,060.02 points. The small and mid-cap index EGX 70 hiked 1.22 percent, or 80.25 points, to close at 6,676.65 […]
Grand Imam of Al-Azhar, UN Chief affirm necessity of halting Israeli War on Gaza
Egyptian Grand Imam of Al Azhar, Sheikh Ahmed Al Tayeb, received on Sunday Secretary-General of the United Nations António Guterres at al Azhar Sheikhdom. Both sides addressed the ongoing Israeli war on the Gaza Strip, according to a statement released by Al Azhar Sheikhdom. The meeting was attended by Under-Secretary-General of the United Nations […]
UN Secretary General affirms blocking of aid trucks in Gaza beyond Egyptian borders
24 March 2024: In a joint press conference with Minister of Foreign Affairs Sameh Shokry Sunday, Secretary General of the United Nations Antonio Guterres stated that “outside the borders, there are blocked aid trucks.” The UN secretary general pointed out that his visit to Egypt during Ramadan was an expression of solidarity with Palestinians in […]
Antonio Guterres thanks Egypt for keeping Rafah Border Crossing with Gaza open
President Abdel Fatah Al-Sisi received Sunday United Nations Secretary General Antonio Guterres and UNRWA Commissioner General Philippe Lazarini to discuss the Gaza War. President Sisi displayed the intensive efforts deployed by Egypt to attain a ceasefire and a hostage-exchange deal as well as deliver aid using both urban routes and airdropping. The Egyptian chief of […]
