Business
The price of 21‑carat gold rose to 6,300 Egyptian pounds on 7 September 2026, the highest level in weeks, reflecting heightened demand and currency strain. Analysts link the surge to domestic inflation, a push for local refining and broader global gold market dynamics.
News
A passenger bus flipped over on a highway near New Borg El Arab, killing 22 people and injuring several others. Egyptian authorities have launched an investigation and are providing assistance to victims' families.
News
Egypt has cancelled its planned purchase of Russian Su‑35 jets and is evaluating China’s J‑16 heavy fighter as a possible replacement. The assessment follows a joint air‑exercise where Chinese J‑16s faced French Rafales over Egyptian airspace.
News
Egypt's electricity network reached an unprecedented peak load of 40,200 megawatts as extreme temperatures strained the system. The milestone highlights the country's accelerating renewable agenda and the commissioning of large‑scale solar‑storage projects.
Business
Egypt's headline inflation jumped to 14.9% in July, driven by higher rents, electricity and fuel costs, marking the first rise since March. The surge revives debate over further interest‑rate hikes as the country battles a widening fiscal deficit and rising external debt.
Business
The Central Bank of Egypt reported net international reserves of $56.3 billion at the end of July, a new high for the country. The surge, supported by gold and foreign‑currency inflows, comes as Egypt seeks to stabilise its pound and attract investment.