CBE fines HSBC Egypt EGP 1.14B
The Central Bank of Egypt (CBE) has imposed a fine totaling EGP 1.143 billion on HSBC Egypt, according to the bank's financial statements reported for the first nine months of 2025.
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Gold prices in Egypt hits new record on Tuesday
Gold prices in Egypt increased on Tuesday, with the 24-karat gold price recording EGP 7,023.3 per gram for buying and EGP 6,965.02 for selling, as per Dahab Masr’s data at 4:06 pm.
USD/EGP exchange rates edge down at Egyptian banks
The USD traded at Egyptian banks EGP 47.1 for purchasing and EGP 47.2 for selling at Banque Misr and the National Bank of Egypt (NBE) on Tuesday.
Madinet Masr, Elswedy Electric pen EGP 400M infrastructure deal for Sarai's Elan
Madinet Masr For Housing and Development (MASR) has signed a memorandum of understanding (MoU) with Elswedy Electric (SWDY) and its subsidiary Elswedy Electric Infrastructure to carry out advanced infrastructure works at the Elan project within the Sarai development in East Cairo.
Egypt’s auto sales leap 54.7% YoY in November 2025
Egypt’s automotive sales hiked by 54.7% year on year (YoY) to 16,800 vehicles in November 2025, compared to 10,800 vehicles, according to the Automotive Market Information Council (AMIC).
