Egyptian Banks Reveal Information at the Start of the New Work Week

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.

Head of Egyptian Customs confirms the cancellation of exemptions on imported phones, explaining it's a temporary measure to protect local industry and regulate the market, aimed at Egyptians abroad.

In Egypt, there is a growing demand for old and damaged mobile phones to extract gold from their components. Traders report rising prices for boards from broken devices, linking this to the rising cost of gold and the development of new recycling technologies. Chinese scientists have developed an innovative method that could change the industry.

Egyptian banks revealed the exchange rates for foreign currencies against the pound, which were in effect during the Friday and Saturday holidays.