Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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The Minister of Petroleum confirmed ongoing production improvement at Zohr field, with Zohr-6 well adding about 65 million cubic feet of gas daily and plans to drill new wells to boost output and secure local gas supply.
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Gold prices in Egypt stabilized on Tuesday morning, August 26, 2025, after limited declines yesterday evening with a global drop in the ounce price. The 21-carat gold was priced at 4,565 EGP per gram, and the gold pound at 36,520 EGP. Globally, gold trades near $3,350 per ounce as markets await the US Federal Reserve's September interest rate decision.
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Regional directorates of Morocco's Ministry of National Education are completing partial or full rehabilitation of several schools before the 2025-2026 academic year, closely monitoring construction and equipment upgrades.
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South Korean airline Korean Air plans to buy 103 next-generation Boeing aircraft in a $50 billion deal including spare engines, with deliveries expected by end of 2030.
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The Japanese Nikkei index dropped to a two-week low as the yen rose following the dismissal of Lisa Cook from the US Federal Reserve Board.
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Gold prices rose to a two-week high as the dollar declined following the dismissal of Lisa Cook from the U.S. Federal Reserve Board.
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The dollar index dropped 0.3% to 98.187 after US President Donald Trump announced the dismissal of Federal Reserve member Lisa Cook, raising concerns about central bank independence and interest rate cut expectations.
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Oil prices declined on Tuesday after rising nearly two percent the previous session, amid close monitoring of the Russia-Ukraine conflict and its potential impact on regional fuel supplies.
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The General Directorate of Residency and Foreigners Affairs - Dubai and Dubai Finance signed a memorandum of understanding to support digital payment initiatives and facilitate secure financial transactions, in line with the 'Dubai Cashless' strategy aiming to raise digital transactions to 90% by 2026.
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The Egyptian Ministry of Agriculture announced success in opening the Peruvian market to Egyptian strawberry seedling exports after intensive negotiations to meet health and technical requirements, marking a step to enhance Egypt's position as a regional hub for crop seedling exports.
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