Suez Canal Resumes Giant Container Ship Traffic

The Suez Canal Authority has announced the gradual resumption of passage for giant container ships through the canal after a years-long halt due to the Gaza war. This decision marks a significant step for shipping in the region and global trade.

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2025-11-09T10:08:04+00:00

Egypt's Reserves Hit $50 Billion

Egypt's central bank reports foreign exchange reserves rose to $50.071 billion, indicating financial stability and strengthened investor confidence.

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2025-11-08T19:07:56+00:00

Egypt Announces New Natural Gas Discovery

Egypt's oil ministry reports a major natural gas discovery in the Western Desert, set to significantly boost national reserves and be brought online immediately.

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2025-11-08T10:07:27+00:00

Egyptian banks publish currency exchange rates

On Thursday, the last business day of the week, Egyptian banks published the exchange rates for foreign currencies against the Egyptian pound. This marked the end of the weekly update of currency quotes. The banks provided up-to-date data on major world currencies, including the US dollar, the euro, and the British pound. Information on the rates is available to clients both in branches and through online banking.