World No. 1 Mostafa Asal has captured the PSA World Squash Championship title, held at the Palm Hills courts, after defeating his compatriot and World No. 7 Youssef Ibrahim in the final. Asal secured his victory on Saturday evening with a commanding 3-0 performance in a match that lasted 56 minutes. The game scores were …
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The US Dollar has crossed the LE 53 mark across several local Egyptian commercial banks. This upward movement is driven by a broader global rally of the greenback and intensifying geopolitical anxieties within the Middle East, Al-Mal reported. Global dynamics fueling the greenback This domestic shift mirrors a strong international performance by the US currency. …
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Ollin Mortgage Finance, a subsidiary of GlobalCorp, has finalized its second mortgage securitization bond issuance worth EGP 3.31bn, following approval from the Financial Regulatory Authority (FRA). The issuance was executed under the company’s third securitization program and structured across three tranches to appeal to diverse investor segments. The first tranche totaled EGP 1.6bn with a […]
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The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has launched the “Egyptian Cotton Festival” initiative in cooperation with Cairo Governorate and in collaboration with the Egyptian Marketing Studies Foundation, aiming to support micro, small and medium enterprises (MSMEs) and production clusters operating across Egypt’s cotton value chain. The initiative seeks to help businesses establish […]
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    The Professional Squash Association (PSA) World Championships concluded at Giza’s Palm Hills Club in Egypt on Saturday, 16 May, with two thrilling all-Egyptian finals that showcased both the depth of Egyptian squash and the intensity of competition at the sport’s highest level. In the women’s final, Amina Orfi overcame eight-time world champion Nour El Sherbini in a marathon 1 hour and 46 minutes of play which was reportedly the longest women’s match in PSA World Championship history. After dropping the opening set 6-11, Orfi won the second 11-6 and took the third 11-9 to shift momentum in a match that carried the weight of a potential record ninth world title for El Sherbini.  El Sherbini regrouped in the fourth, winning 7-11, and the match was then pushed into an intensely deciding fifth set which Orfi then won 14-12. Orfi became the youngest player in history to claim the women’s world title and, at just 18 years old, also became the first player to hold both the junior and senior world titles at the same time.  In an interview after the match, Orfi described being “speechless” and emphasized theContinue reading "Orfi Stuns El Sherbini and Asal Defends His Title at the PSA World Championships"
The post Orfi Stuns El Sherbini and Asal Defends His Title at the PSA World Championships first appeared on Egyptian Streets.

Egypt’s Ministry of Transport announced on 14 May a 50 percent fare discount on the East Nile Monorail’s first phase, beginning Friday, 15 May, as the government attempts to draw citizens toward visiting the new administrative capital east of Cairo. The discount, which applies every Friday, Saturday, and on official public holidays, will run for three months. Officials framed the move as an effort to ease traffic congestion and offer commuters a modern, affordable alternative to the capital’s notoriously gridlocked roads. The monorail, one of the flagship infrastructure projects of Egypt’s ambitious new capital, connects 16 fully equipped stations, among them Mosque of Al-Fattah Al-Aleem, the Government District, and the City of Arts and Culture, serving a city that President Abdel Fattah Al-Sisi has championed as a symbol of national renewal. The ministry said existing discounted fares for senior citizens over 60, and people with disabilities would remain unchanged, as would all subscription plans, weekly, monthly, and quarterly, which already carry discounts of up to 50 percent off the standard ticket price. Officials noted that subscription holders pay roughly a quarter of equivalent private transport costs. The East Nile MonorailContinue reading "Egypt Cuts Monorail Fares by Half to Lure Riders to New Capital"
The post Egypt Cuts Monorail Fares by Half to Lure Riders to New Capital first appeared on Egyptian Streets.

Alexandria Mineral Oils Company reported a consolidated net profit of EGP 635.12 million in the first quarter (Q1) of 2026, marking a 37 % increase from its level a year earlier, according to the company’s disclosure to the Egyptian Stock Exchange. AMOC’s standalone net profit also rose to EGP 468.13 million in Q1 2026, up […]
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The Trump administration allowed a sanctions waiver that had enabled countries, including India, to buy Russian seaborne crude to expire. According to Reuters, the waiver, which had been extended in April for one month to ease supply shortages after Iran’s closure of the Strait of Hormuz, was not renewed by US Treasury Secretary Scott Bessent. […]
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