Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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Egypt's Central Bank Governor announced the implementation of an AI-supported system to monitor the Consumer Price Index and track inflation daily. The Central Bank forecasts a continued decline in inflation during 2025, alongside a 1% interest rate cut in the Monetary Policy Committee meeting.
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The Central Bank of Egypt cut deposit and lending interest rates by 1% in its sixth Monetary Policy Committee meeting of 2025, lowering rates to 21% and 22% respectively, amid declining core and overall inflation rates in August 2025.
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The Matrouh Chamber of Commerce has announced urgent measures to provide basic foodstuffs and strategic needs at reduced prices by increasing fixed and mobile outlets and securing a strategic stockpile of essential goods such as poultry and feed.
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Minister of Sports Abdul Shafi Al-Juweifi met with MP Suleiman Al-Harari to discuss supporting sports activities and infrastructure in Al-Araban city and nearby areas, emphasizing the ministry's commitment to fully support the sports sector and empower local youth.
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American Coco Gauff defeated Germany's Eva Lys 6-3, 6-4 to reach the semifinals of the China Open tennis tournament. Amanda Anisimova also advanced after beating Italy's Jasmine Paolini.
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The olive harvest season in Medenine will start on November 1, with an estimated yield of about 90,000 tons of olives, equivalent to 18,000 tons of oil, across olive forests containing 550,000 trees over 208,000 hectares.
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Dr. Rania El-Mashat, Egypt's Minister of Planning and International Cooperation, participated in the Korean Embassy's celebration of South Korea's National Day and the 30th anniversary of diplomatic relations between Egypt and Korea, highlighting the strong bilateral ties and cooperation in various fields including economy, education, and energy.
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The London Court of International Arbitration ruled that Djibouti's 2018 seizure of the Doraleh Container Terminal was illegal, while DP World's claims against the government and China Merchants Port Holdings remain ongoing.
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The US dollar exchange rate declined against the Egyptian pound at the close of trading on Thursday, October 2, 2025. The Central Bank of Egypt recorded 47.69 EGP for buying and 47.83 EGP for selling, with similar rates observed in major banks including National Bank of Egypt, Banque Misr, Bank of Cairo, and CIB.
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Russia's international reserves hit a new record of $713.3 billion on September 26, 2025, increasing by $0.7 billion over the week due to positive revaluation effects.
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