Egypt Signs $29.7B Deal for Mediterranean Coast Development

Egyptian authority signs $29.7B deal with Qatari Diar to develop Al-Alam al-Rum on Mediterranean coast, creating jobs and boosting tourism.

The Egyptian New Urban Communities Authority signed an agreement on Wednesday with Qatari company Diar worth $29.7 billion to develop the Al-Alam al-Rum area on the Mediterranean coast. This project marks a significant step in modernizing infrastructure and attracting investment to the region. It will create thousands of jobs and enhance Egypt's tourism appeal.

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2025-11-05T13:10:07+00:00

Gold Prices in Egypt: Stability Amid Global Fluctuations

24-karat gold price in Egypt hits 6,068 pounds per gram. The Gold Division of the Egyptian Federation of Chambers reports stable prices before adding workmanship fees.

Economy Country

2025-11-04T22:10:19+00:00

Egypt's Oil Minister Announces New Initiatives in Oil and Gas Sector

Egypt's Minister of Petroleum announces new initiatives. Head of oil and gas department at «Ajm» company discusses measures for sector development and investment attraction.

Economy Politics Country

2025-11-04T19:12:34+00:00

Egyptian Central Bank Confirms Financial Stability

The Egyptian Central Bank published its October financial stability report, confirming the country's banking sector's resilience to global challenges and the positive impact of reforms on the economy.