Egyptian international Mohamed Salah maintained his fine form for Trabzonspor, converting a penalty against Scottish side Hearts in the UEFA Conference League. The goal marked his 10th in all competitions for the Turkish club and snapped a 13-year drought for Trabzonspor in European play. According to Turkish news outlet Haberler, Salah’s strike was the club’s …
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Central Bank of Egypt (CBE) Governor Hassan Abdalla reaffirmed the bank’s commitment to a flexible exchange rate policy in his first comments following the Egyptian pound reaching a historic low against the US dollar. The Egyptian pound closed at 55.35 per dollar in commercial bank trading on Thursday, a record low that surpassed the previous …
The post CBE Governor explains reasons for Egyptian pound’s historic drop against US dollar appeared first on Egypt Independent.

Egyptian President Abdel Fattah Al-Sisi said on Wednesday that Egypt’s proposed military effort was aimed at defending Saudi Arabian territory and did not include an attack on Yemen, adding that Egypt would also defend the territory of any other Arab state if asked to do so. Al-Sisi said the purpose was to defend Saudi Arabia’s […]

Egypt’s exports of chemicals and fertilisers to China surged 678% year on year to $287m during the first eight months of 2026, up from $37m in the same period last year, according to data from the General Organization for Export and Import Control (GOEIC). The strong performance has strengthened China’s position among the top 10 […]

The US dollar surpassed EGP 55 against the Egyptian pound for the first time on Thursday, 22 October, with selling rates reaching EGP 55.37 at Egyptian banks by the close of business. The dollar’s selling rate reached EGP 55.35 at the National Bank of Egypt (NBE) and Banque du Caire, while Banque Misr listed it at EGP 55.33. Suez Canal Bank also recorded a selling rate of EGP 55.35, while Al Baraka Bank recorded the highest rate among the five lenders at EGP 55.37. The dollar’s buying and selling rates rose by between EGP 0.90 and EGP 0.92 across the five banks during Thursday’s trading, according to Ahram Online. The record-high exchange rates come amid continued fluctuations in the Egyptian pound’s value against the US dollar. The official exchange rate stood at approximately EGP 47.72 per dollar on 27 February, before the escalation of the US-Iran war according to Ahram Online. Since then, the pound has depreciated by approximately 13.8 percent against the dollar, based on the figures reported by Ahram Online. Exchange rates vary between banks, with buying rates reflecting how much banks pay customers selling dollars and selling ratesContinue reading "US Dollar Surpasses EGP 55 for First Time Against Egyptian Pound"
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Egypt’s Minister of Interior Mahmoud Tawfiq said on 21 October during the “Homeland and Citizen Security” session at Egypt Forum 2026 that the public has the right to know the results of investigations into complaints and videos shared on social media, stressing that the ministry seeks to balance transparency with the protection of privacy. Tawfiq said complaints shared publicly online can extend beyond personal grievances to become matters of public concern, particularly when they involve incidents that may affect public security. He noted that complaints posted on social media must be verified, as some may be fabricated, misleading, or taken out of context. “The public has the right to know what happened with these complaints,” Tawfiq said, explaining that the ministry publishes the results of its examinations on its official social media pages, alongside the original complaint or video and an explanation of the findings. He added that the ministry presents these findings transparently while taking the necessary precautions to protect individuals’ privacy. According to Tawfiq, this approach has helped build trust between citizens and security authorities by demonstrating the speed with which complaints and public concerns are addressed. TheContinue reading "Egypt’s Interior Minister Says Public Has Right to Know Results of Social Media Complaints"
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Eighty-five percent of energy industry leaders say the sector is more attractive for investment than it was five years ago, while 77% remain optimistic about the next decade, according to the ADIPEC Global Energy Report for 2026, released on October 22. The report, released by the organizers of the Abu Dhabi International Petroleum Exhibition and […]
The post ADIPEC Report Says Energy Sector Become More Attractive for Investment first appeared on Egypt Oil & Gas.

US President Donald Trump has directed the secretary of defense to expand domestic oil production, refining, transportation and storage capacity, Bloomberg’s Asharq Business website reported on October 23. Trump cited national security and military readiness needs for his directions amid severe disruptions to global energy markets caused by the war in the Middle East. Under […]
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