Gold and jewelry industry expert and former advisor to the Supply Minister on gold industry affairs, Nagy Farag, said that the noticeable increase in demand for gold coins and bars reflects a growing awareness of gold’s importance as an investment tool and a means of preserving savings. During an interview with Extra News channel on …
The post Why are Egypt’s gold coins and bars vanishing? Expert explains appeared first on Egypt Independent.

Egyptian Prime Minister Mostafa Madbouly on Wednesday witnessed the signing of a historic memorandum of understanding to establish the country’s first wind turbine factory. Alongside this, a massive 2,000-megawatt wind power project was launched in the northern region of Gulf of Suez, with financing entirely in Egyptian pounds. This initiative is a partnership between Sany, …
The post Egypt signs historic agreement to establish 1st wind turbine factory appeared first on Egypt Independent.

Emerging markets are looking for a fairer financing environment that stimulates investment and economic growth, Egypt’s finance minister said, calling for unified international efforts to build a financial architecture that is more supportive of developing economies. Speaking at the Paris Forum, Finance Minister Ahmed Kouchouk stated that expanding innovative financing mechanisms, such as debt-for-investment swaps, […]
The post Fairer global financing environment sought by Egypt’s finance minister at Paris Forum first appeared on Dailynewsegypt.

Egypt’s newly approved state budget aims to reduce the debt-to-GDP ratio to approximately 78% by June 2027 and cut external debt by $1bn to $2bn, Prime Minister Mostafa Madbouly announced on Wednesday, as the economy recorded a 5% growth rate in the third quarter despite the regional fallout from the US-Iran war. Speaking at a […]
The post Egypt targets 78% debt-to-GDP by 2027, posts 5% Q3 growth despite regional conflict first appeared on Dailynewsegypt.

Israel deliberately targeted Palestinian children, resulting in genocide, crimes against humanity, and war crimes in the Gaza Strip, in addition to war crimes in the occupied West Bank, according to an independent U.N. inquiry.   The report, published 23 June, states that this targeting resulted in the death of at least 20,179 Palestinian children, and the injury of 44,143 more over the span of three years, from 2023 to 2026. Killings have continued after the October 2025 ceasefire agreement in Gaza.  It adds that 30 percent of all Palestinians killed by Israeli security forces in Gaza were children.   According to the report, Israeli acts “form part of a deliberate strategy to destroy the future of the Palestinians in Gaza by targeting their children.” The report adds that this finding is central to establishing genocidal intent on the part of Israel to destroy, in whole or in part, the Palestinian group in Gaza.  Last September, the same commission concluded that Israel has committed genocide against Palestinians in the Gaza Strip. A 2025 report stated that Israeli authorities and security forces committed four of the five genocidal acts defined by the 1948 ConventionContinue reading "Israel’s Deliberate Targeting of Children Amounts to Genocide, UN Commission of Inquiry Says"
The post Israel’s Deliberate Targeting of Children Amounts to Genocide, UN Commission of Inquiry Says first appeared on Egyptian Streets.

For British artists over countless years, Egypt has been a rich source of inspiration.  Famously, Agatha Christie’s visit to Upper Egypt shaped her novel, Death on the Nile (1937). Virginia Woolf was engaged with Egypt’s ancient civilisations, with references to the country littered across her essays and diaries, as with her references to Cleopatra in her 1929 essay, A Room of One’s Own. Earlier, in 1818, Percy Bysshe Shelley wrote of Egypt as an “antique land” in the poem Ozymandias, familiar to generations of British schoolchildren.  However, for the British artist Bridget Riley, this inspiration gave rise to radically different results. After visiting Egypt in the winter of 1979-80, Riley developed her Egyptian Palette, influenced by the colours of Egypt’s landscapes from Cairo to Luxor.  These colours Riley laid out in oscillating strips running the length of her canvases, named after the places she visited: Luxor (1982), The Winter Palace (1981), and ancient Egyptian gods and principles: Ra (1981), Ka (1980). Born in London in 1931 and raised in rural England, Riley attended the British Royal College of Art in the capital, painting semi-impressionist and figurative work drawing on theContinue reading "Painting Egypt in Colour: Bridget Riley’s Egyptian Palette"
The post Painting Egypt in Colour: Bridget Riley’s Egyptian Palette first appeared on Egyptian Streets.

British Petroleum (bp) has signed a concession agreement with Abu Dhabi National Oil Company (ADNOC) and other partners to develop the Bab Gas Cap project in the United Arab Emirates (UAE), in which it will hold a 10% interest. The project comprises three reservoirs in the onshore Bab Field, where bp will serve as the […]
The post bp Secures 10% Stake in UAE’s Bab Gas Project first appeared on Egypt Oil & Gas.

Energy solutions firm Korra Energi reported a 42.5% year-on-year (YoY) increase in gross profit to EGP 373 million during the first quarter (Q1) of 2026, backed by the positive performance of the energy and construction segment, which recorded a 49.4% increase in gross profit, according to the company’s press release. Operating profit climbed 31.9% to […]
The post Korra Energi Reports 42.5% Surge in Gross Profit in Q1 2026 first appeared on Egypt Oil & Gas.