Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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Victory Team is ready to compete in the second and third rounds of the Formula 1 World Championship for powerboats in China, held in Shanghai and Zhengzhou in October 2025. The team aims to continue its success after finishing second in the first round in Indonesia.
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Over 16 years after the crash of an Air France flight between Rio de Janeiro and Paris that killed 228 people, Air France and Airbus face involuntary manslaughter charges in a Paris court with potential hefty fines.
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The Ministry of Planning, Economic Development, and International Cooperation is implementing over 100 structural reforms to enhance macroeconomic stability in Egypt, focusing on disciplined fiscal and monetary policies, governance of public investments, and integrating development plans with the budget to achieve inclusive growth and attract investment.
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Hani Abdel Samie praised Egypt's victory in securing a distinguished seat on the ICAO Council, highlighting that this achievement reflects international confidence in Egypt's leadership in civil aviation.
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Minister of Social Development Wafaa Bani Mustafa stressed the importance of supporting and empowering youth and promoting volunteerism values to serve the most needy groups, praising the efforts of the "Mohafazati" Foundation in volunteer work.
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Dr. Amr Talaat, Minister of Communications, highlighted that integrating technology and AI in civil work opens new horizons for digital and social empowerment, coinciding with the launch of a fund to support projects of associations and civil institutions to foster innovation across sectors.
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Gold prices surpassed $3800 per ounce for the first time on Monday, supported by a weaker dollar and expectations of US interest rate cuts. Gold continues to serve as a safe haven and inflation hedge amid global economic uncertainties.
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The Ministry of Planning reviews key axes for consolidating macroeconomic stability within the "National Narrative for Economic Development," implementing over 100 structural reforms to boost growth and investment in Egypt.
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Egypt's food industry exports hit a historic high of over $4.6 billion in the first eight months of 2025, marking a 9% increase compared to the same period in 2024. Arab countries remain the largest importers, while the US shows the highest growth rate among key markets.
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The World Bank Group portfolio in Egypt totals about 8.7 billion USD, including commitments from the IBRD, IFC, and guarantees from MIGA to support key investments.
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