Investors focus this week on major US banks' earnings results to assess the health of the US economy amid uncertainty caused by the federal government shutdown and escalating trade tensions between the US and China.

The dollar exchange rate against the Egyptian pound rose by an average of 30 piastres on Sunday, October 12, 2025, reaching an average selling price of 47.92 EGP and buying price of 47.82 EGP. Exchange rates vary among banks due to factors including supply and demand, interest rates, and remittances from Egyptians abroad.

Botswana has amended its mining law to require mining companies to sell 24% of new mining rights to local investors, aiming to boost citizen participation and ensure the national economy benefits from mining activities.

A traffic accident in Sharm El-Sheikh resulted in the death of three Qatari diplomats and injuries to two others. The Qatari Embassy in Cairo thanked the Egyptian authorities for their cooperation and care regarding the incident.

The Qatar Embassy in Cairo reported the death of three Amiri Diwan members in a traffic accident in Sharm El-Sheikh, with two others injured. The accident occurred on the Sharm El-Sheikh-Tor Sinai road while transporting members of the Qatari delegation preparing to welcome the Emir of Qatar.

Gold prices in Egypt remained stable on Sunday, October 12, 2025, during jewelers' holiday after a significant global price surge. The escalation of the U.S.-China trade war weakens the dollar and increases demand for gold as a safe haven.

International relations expert Mohamed Rabie El-Diahi stated that the ceasefire agreement between Hamas and Israel in Sharm El-Sheikh is a historic step reflecting Egypt's pivotal role under President Abdel Fattah El-Sisi in stabilizing the Middle East.

A traffic accident in Sharm El-Sheikh resulted in the death of 3 Qatari diplomats and injuries to two others and an Egyptian driver. The Qatar Embassy in Cairo thanked Egyptian authorities for their cooperation and care in handling the incident.

On Sunday, October 12, 2025, the US dollar exchange rate against the Egyptian pound was 47.48 EGP for buying and 47.62 EGP for selling at the Central Bank of Egypt, with similar rates at major Egyptian banks.

Sources reveal that the victims of the Sharm El-Sheikh accident were employees of the Qatari Embassy in Cairo, not the negotiating delegation. The accident resulted in three diplomats dead and three others injured, including the Egyptian driver.