Egypt is working to secure the country’s needs for essential goods and petroleum products amid a recent surge in oil prices and regional tensions, Prime Minister Mostafa Madbouly said.
The Egyptian Exchange (EGX) showed a mixed performance on Wednesday, with the EGX30 index dropping 0.16% to 54,822.66 points.
Banque Misr UAE has transferred more than $1.8 billion to Iran since 2025, Treasury Secretary Scott Bessent said before the House Financial Services Committee.
Real estate developer Emaar Misr has signed two construction contracts totaling EGP 14 billion with Rowad Modern Engineering and Innovo Group for the Infinity Beach and Island Living projects at Marassi Red Sea, as per an emailed press release.
Passenger traffic growth in Egypt is expected to exceed the global average, ranging between 3.4% and 3.8% over the 2024–2050 period, the Information and Decision Support Center (IDSC) said, citing the International Air Transport Association (IATA).
