الاقتصاد المصري

Latest news and articles about الاقتصاد المصري from NEX English

Egypt's Dabaa Nuclear Plant to Save $3 Billion Annually

Dr. Mostafa Madbouly, Egypt's Prime Minister, announced that the upcoming Dabaa Nuclear Power Plant will significantly reduce the country's gas bill by approximately <strong>$3 billion</strong> each year. This announcement was made during a session of the House of Representatives.

Monitor Saudi Riyal Exchange Rate Against Egyptian Pound Today

On Tuesday, April 21, 2026, the Saudi Riyal reached new levels against the Egyptian Pound at the National Bank, reflecting notable fluctuations in recent days. This change has captured the attention of both investors and citizens alike.

Submit New Budget and Development Plan Bills to Planning Committee

The Speaker of the House has announced the submission of new budget and economic development plan bills to the Planning Committee. This move aims to enhance transparency and parliamentary participation in financial policy formulation.

Approve capital increase for Bonyan through free shares

The Financial Regulatory Authority has approved the capital increase of Bonyan Development and Trade Company through the distribution of free shares. This move reflects the company's strategy to enhance its investor base by capitalizing on a portion of its retained earnings.

Dollar Price Stabilizes in Egyptian Banks on April 21, 2026

Today, the dollar price in Egyptian banks has shown significant stability, averaging <strong>30.25 EGP</strong>. This change reflects the current economic conditions in the country.

Stabilize Gold Prices Today: 21 Carat with Craftsmanship in Egypt

Gold prices in Egypt remained stable today, Monday, April 20, 2026, during mid-trading sessions. The price of 21-carat gold with craftsmanship reached new levels reflecting market changes.

Minister of Military Production Meets Export Control Head

The Minister of Military Production met with the head of the Export and Import Control Authority to enhance cooperation between the two bodies. The meeting focused on improving regulatory procedures and boosting local production.

Establish Fawry Microinsurance Company with 60 Million EGP Capital

Fawry for Banking Technology and Electronic Payments has received approval from the Financial Regulatory Authority to establish Fawry Microinsurance Company with a capital of <strong>60 million EGP</strong>. The company aims to provide a range of basic insurance products.

Stabilize prices of white chicken and egg cartons in Matrouh today

Today, the prices of white chicken and egg cartons in Matrouh remained stable, with white chicken priced between <strong>65 to 70 Egyptian pounds</strong> per kilo and egg cartons at <strong>75 Egyptian pounds</strong>. This stability comes amidst fluctuations in the local market affecting household budgets.

Increase Minimum Wage in Egypt: Details on April 2026 Payments

The Egyptian Ministry of Finance has announced an increase in the minimum wage, set to take effect in April 2026. This decision is part of the government's efforts to enhance living standards amid current economic challenges.

Allocate 120 billion pounds to support energy sector in Egypt

Egypt's Finance Minister, Mohamed Maait, announced the allocation of <strong>120 billion pounds</strong> to support the energy sector, with plans to launch three new companies to boost the national economy. This initiative aims to enhance investments and improve the efficiency of this vital sector.

Egypt Plans to Reduce External Debt by $2 Billion Annually

The Egyptian government has announced its strategy to reduce external debt by $2 billion annually. This initiative aims to enhance financial stability and improve economic conditions in the country.

Chicken Prices Drop Significantly in Egypt on April 12, 2026

On Sunday, April 12, 2026, chicken prices in Egypt saw a notable decline, particularly in the price of white chicken. This change reflects the prevailing trends in the market.

Expand Titanium Factory to Boost Local Industry in Egypt

Al-Salamaniya Group continues its efforts to enhance local production through the Titanium Factory, aiming to reduce reliance on imports and provide high-quality products. This initiative aligns with Egypt's strategy to localize industry and meet market demands.

Enhance Energy Efficiency in Egypt's Economy with New Initiatives

Egypt's Minister of Finance, Mohamed Maait, announced significant measures to improve energy efficiency in the national economy, focusing on expanding new and renewable energy sources. These statements are part of the government's efforts to achieve sustainable development.

Port of Damietta Welcomes 23 Diverse Ships in Active Movement

The Port of Damietta has received 23 diverse ships, reflecting a notable activity in maritime navigation. The incoming vessels carry various goods, contributing to the enhancement of both local and international trade.

Monitor changes in chicken and egg prices in Egypt today

On Thursday, April 9, 2026, prices for white chicken, Sasso chicken, and egg cartons in Egypt experienced noticeable changes. Prices have slightly increased, impacting the budgets of Egyptian families.

Egypt's Treasury Prepares to Update Coinage for Economic Improvement

The Egyptian Ministry of Finance has announced its preparations to update certain coins, aiming to enhance the efficiency of the monetary system and boost confidence in the local currency. This initiative comes amid increasing efforts to strengthen the national economy and improve financial services.

Egyptian Parliament Completes 10 Articles of Competition Law

The Economic Committee of the Egyptian House of Representatives has completed 10 articles of the Competition Protection and Anti-Monopoly Practices Law, reflecting the government's efforts to enhance the business environment in the country.

Resume supply chains at Egyptian ports after remote work exemption

The Alexandria Port Authority announced the resumption of supply chains at Egyptian ports after being exempted from the remote work decision. This move is crucial to ensure the continuity of trade and maritime transport.

Stabilize Meat Prices in Matrouh as Ramadan Approaches

Meat prices in Matrouh remain stable today, April 8, 2026, with red and white meat prices showing similar levels. Demand for meat continues to rise as the holy month of Ramadan approaches.

Amir Group Studies Restructuring Ownership of Subsidiary

Amir Group announced it is considering restructuring the ownership of one of its subsidiaries to enhance performance efficiency and improve financial results. This strategic move comes amid current economic challenges.

Enhance Port Infrastructure with Arrival of New Cranes at Safaga 2

Safaga 2 port in Egypt has welcomed the arrival of three giant dock cranes and six yard cranes, reflecting the government's commitment to improving port infrastructure. This development aims to accommodate the increasing shipping traffic.

Egypt to Continue 400 EGP Subsidy for Food Card Holders Until 2026

The Egyptian Ministry of Supply announced that the 400 EGP subsidy for food card beneficiaries will continue until 2026. This decision is part of the government's efforts to support low-income families amid economic challenges.

Dollar price rises significantly at banks on April 7, 2026

The price of the US dollar has seen a notable increase at the end of bank transactions on Tuesday, April 7, 2026, reaching new levels that capture market attention. This rise comes at a sensitive time for the local economy.

Financial Funding Reaches 65.5 Billion Pounds in Egypt

The Financial Regulatory Authority announced that the total funding provided by regulated entities reached <strong>65.5 billion pounds</strong> by the end of January 2026. This figure reflects the increasing financial activity in the Egyptian market.

Dollar Price Stabilizes Against Egyptian Pound on April 7, 2026

On Tuesday, April 7, 2026, the dollar's price against the Egyptian pound remains stable, with banks reporting similar rates. The financial market is witnessing increased interest from traders and investors.

Announce upcoming disbursement of irregular labor grant in Egypt

The Egyptian Ministry of Manpower has announced the date for the upcoming disbursement of the irregular labor grant, expected to be issued in the coming days. This grant is part of the government's efforts to support those affected by the repercussions of the COVID-19 pandemic.

Achieve Success in Drilling New Well in Gulf of Suez

The Egyptian Ministry of Petroleum announced the successful drilling of a new well in the Gulf of Suez, expected to produce around <strong>2500 barrels per day</strong>. This achievement reflects ongoing progress in the Egyptian energy sector.

Stabilize chicken and egg prices in Matrouh today

Today, chicken and egg prices in Matrouh have shown significant stability, with white chicken priced between <strong>50</strong> and <strong>55</strong> Egyptian pounds per kilo, while a carton of eggs costs <strong>75</strong> pounds. This stability comes amid efforts by the Egyptian government to regulate the market and provide essential goods to citizens.