UK Announces Launch of Egypt's Zohr Gas Field

The United Kingdom announced on Wednesday the launch of the Zohr gas field in Egypt, in which the Russian oil giant Rosneft holds a stake. This marks a significant milestone in the development of energy cooperation between the countries. The Zohr field is one of the largest in the Mediterranean and plays a crucial role in Egypt's energy security. Its launch will help meet the growing domestic demand for energy and increase exports.

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2026-01-28T19:26:13+00:00

Fitch Affirms Credit Rating for 'Industries'

Fitch agency has affirmed the long-term credit rating of the state holding company 'Industries'. The decision was based on an analysis of the company's financial stability and its future strategic plans.

Economy Politics Country

2026-01-28T10:18:09+00:00

Al Ahli Signs Striker from Norway on Loan

Egyptian club Al Ahli has signed Angolan striker Ilsen Camujiš on a six-month loan from Norwegian club Tromsø for $500,000.

Sport Economy Country

2026-01-27T13:13:12+00:00

US Dollar Suffers Sharp Loss Against Egyptian Pound

On Monday, the US dollar recorded significant and unexpected losses against the Egyptian pound in the foreign exchange market. This decline followed a period of short-lived and minor dollar gains. Analysts link this shift to new economic indicators that contributed to the strengthening of Egypt's national currency.

Economy Country

2026-01-25T13:08:48+00:00

Egypt and China Sign Agreement on Battery Cell Production

The Egyptian Cabinet's Media Center announced the signing of a strategic agreement between Egypt and China to localize the production of energy storage battery cells. This step aims to strengthen economic ties and develop the high-tech sector.