Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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Gold prices in the UAE remained stable on Tuesday, September 30, 2025, with 18K gold priced at 349.75 AED per gram, while global gold hit a record high of $3,819 per ounce amid U.S. government shutdown risks and a weak dollar.
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The law regulating youth organizations in Egypt specifies seven main funding sources including subscriptions, donations, event revenues, facility rentals, brand marketing, official donations, and investment returns. It also mandates annual budgets and financial audits for organizations exceeding 50,000 EGP in revenues or expenses.
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Ali Larijani's visit to Lebanon reaffirmed Iran's continued influence in the country, emphasizing that Beirut is not Damascus and Tehran will not withdraw completely. The issue of disarming the Lebanese state was a key topic amid expectations of Hezbollah's changing approach.
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The US dollar exchange rate showed a noticeable change against the Egyptian pound on Tuesday, September 30, 2025, ranging between 47.97 and 48.11 EGP at the Central Bank of Egypt, with similar rates at major Egyptian banks.
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A seminar titled "Beyond Profit.. Activating the Role of Philanthropy in Enhancing the Resilience of the Cultural Sector" was held at the Cultural Investment Conference in Riyadh, featuring international experts who emphasized the importance of evolving philanthropy into a long-term strategic investment supporting the cultural sector's resilience.
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Al Ahly Club is accepting candidacy applications for the 2025-2029 Board elections until October 3, 2025. The elections will be held on October 30 and 31 under judicial supervision to ensure transparency and compliance.
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Ahmed Maher from CAPMAS announced that the Egyptian economy created 969,000 new jobs in 2024, with unemployment rate declining to 6.1% in Q2 2025 due to absorption of new labor in agriculture, transportation, and construction sectors.
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Dr. Sherif Fathy, Egypt's Minister of Tourism and Antiquities, announced that the tourism sector's performance rose by over 20% this year compared to 6% last year, and affirmed that the goal of attracting 30 million tourists is achievable by expanding hotel room capacity and easing investment procedures.
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Egypt's Minister of Tourism and Antiquities announced a 150-160% increase in trips to Luxor and Aswan during summer after raising charter flight incentives, expressing a desire to hold summer festivals and events in these cities. Egypt ranks first in Africa in tourism, having received 15.8 million tourists last year.
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Oil prices dropped below $68 on Tuesday amid expectations of a new OPEC+ production increase and the resumption of oil exports from Iraq's Kurdistan region through Turkey, raising forecasts of a supply surplus soon.
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