Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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The Egyptian stock exchange closed Monday's session with collective gains supported by local institutional purchases, with market capitalization gaining 21 billion EGP to reach 2.564 trillion EGP. Cairo Educational Services led the gainers after an acquisition deal by Sera Education.
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The local administration in Asalaya, East Darfur, launched an initiative to raise awareness among nomads to prevent livestock from entering farms before harvest, following clashes last year that resulted in eight deaths.
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Saudi company Dar Global announced a partnership with the Trump Organization to build a $1 billion luxury tower in Jeddah, part of the Trump family's Gulf investments. The project includes offices and luxury residences and follows Trump's Gulf tour which resulted in major investment agreements.
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The head of the Egyptian Trade Representation met with the Chairman of the General Petroleum Corporation to develop a joint plan to increase exports of petroleum products and attract foreign investments in exploration and research.
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On Monday, 29-9-2025, the British pound exchange rate against the Egyptian pound closed at 64.42 EGP for buying and 64.60 EGP for selling at the Central Bank, and 64.32 EGP for buying and 64.69 EGP for selling at the National Bank.
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The Kuwaiti dinar exchange rate stabilized in Egyptian banks on Monday, September 29, 2025, at about 156.9 EGP for buying and 157.5 EGP for selling at the National Bank of Egypt, with daily monitoring of exchange rates and their impact on trade and financial transfers between Egypt and the Gulf countries.
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German Ambassador Jürgen Schulz in Cairo stated that Germany is leveraging its strong ties with Israel to influence the Gaza war and rejects Palestinian displacement for legal and humanitarian reasons. He expressed hope for a ceasefire and improved humanitarian conditions soon.
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The Fayoum Media Complex held an extensive meeting titled "Financial Inclusion and Supporting Women's Economic Empowerment" with representatives from service directorates, women's and youth departments, Banque Misr, and the Small Projects Development Agency to discuss supporting small projects and economically empowering women in the governorate.
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Banha Private University and the Egyptian Intellectual Property Office held a workshop to enhance the role of intellectual property in serving industry and turning research outputs into marketable services, attended by university and office leaders and industry experts.
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Damietta Port received 13 new ships and saw 8 ships depart within 24 hours, handling 66,123 tons of imported goods and 14,188 tons of exports, alongside intensive truck activity.
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