Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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Dr. Islam Azzam, new chairman of the Egyptian Stock Exchange, confirmed that trading is governed by supply and demand forces without restrictions, with plans to update oversight systems and activate derivatives and market maker mechanisms to attract new listings.
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Negotiations between the WNBA and the players' union over work conditions and salaries are stalled 60 days before the deadline, with possible deadline extension or temporary halt of activities.
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The Kuwaiti Dinar exchange rate stabilized in Egyptian banks on Tuesday, August 26, 2025, with the National Bank of Egypt recording about 157.8 EGP for buying and 159.02 EGP for selling.
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Asian stocks fell collectively on Tuesday following declines in U.S. stocks on Wall Street, with losses in Japan's Nikkei 225, Australia's S&P/ASX 200, South Korea's KOSPI, Hong Kong's Hang Seng, and China's Shanghai Composite indices.
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The Egyptian Tax Authority launched the second edition of the tax services guide detailing all services for taxpayers, including required documents, procedures, and service channels.
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The head of the General Division for Medical Supplies announced the ongoing crisis of unpaid debts by the Unified Procurement Authority to medical supplies and pharmaceutical companies despite an agreement on urgent measures including a new payment installment in August.
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Islam Azzam, new chairman of the Egyptian Stock Exchange, affirmed that trading is fully governed by supply and demand forces, with no restrictions allowed that could limit market activity or growth, while ensuring protection of good-faith traders' rights.
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The Official Gazette published the Health Minister's decision to increase the periodic allowance for Vaxira employees by 10% of the basic salary starting July 1, 2025, along with the approval to raise the holding company's capital from 79 million to 566 million Egyptian pounds.
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Egypt's Minister of Housing extended the application period for the "Housing for All Egyptians 7" initiative until September 14, 2025, with over 144,000 applications submitted and more than 207,000 terms booklets sold.
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An Egyptian trade mission will travel to Accra, Ghana from August 25 to 30, 2025, with 14 Egyptian companies participating to boost economic cooperation in the chemical and fertilizer industries.
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