Egypt Economy
Gold prices in Egypt's local market posted modest gains during last week's trading, with the 21-karat gram closing at EGP 6,925, even as global prices declined sharply due to US dollar strength and escalating geopolitical tensions.
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SAIB Bank's 2025 results showed strong growth in its loans and credit facilities portfolio, reaching EGP 79.1bn. Total customer deposits rose to EGP 140.6bn, while total assets increased by 15% to EGP 172bn.
Egypt’s Health Minister Khaled Abdel Ghaffar announced the launch of Eva Pharma’s new Oncology and Hematology Division, a key step toward localizing advanced pharmaceutical manufacturing and bolstering national health security. The announcement came at an event in Cairo, highlighting the handling of 360,000 annual cancer cases at a cost of nearly EGP 13 billion.