Minister of Planning and Economic Development Ahmed Rostom said that Egypt’s economic indicators have witnessed positive developments. He noted that the gross domestic product (GDP) has reached 5.1 per cent in fiscal year 2025/2026, compared with around 4.4 per cent in the previous fiscal year. This is driven by a tangible recovery in high-value-added sectors, particularly manufacturing and information and communications technology.
UK’s Burnham: Public finance stability crucial
British Prime Minister Andy Burnham said on Saturday he knew he had to show investors he had faced “up to the reality” of the public finances in order to stabilise markets, before he can make bigger changes to the economy.
Russia, Germany’s top diplomats hold 1st talks at UN since 2022
Russia and Germany’s foreign ministers met on the sidelines of the UN General Assembly on Saturday, officials from both sides said, in the first such talks since before Russia’s full-scale military operation of Ukraine in 2022.
Russia’s Sergei Lavrov and Germany’s Johann Wadephul discussed bilateral relations and the war in Ukraine, the Russian foreign ministry said.
Egypt seeks to localise medical device manufacturing
Egypt’s Minister of Health and Population Khaled Abdel Ghaffar met with Özlem Fidancı, International Managing Director of Philips, and her accompanying delegation on Saturday.
The two sides discussed ways to strengthen co-operation and support efforts to localise medical device manufacturing in Egypt.
China rebukes US on Iran, Cuba at UN
China pushed back against the United States in its speech at the UN General Assembly on Saturday, saying sovereignty of countries in the Gulf should be respected and urging the “relevant country” to stop threatening Cuba and lift its blockade on it.
Trump rejects Iran’s 7-day plan to end war
President Donald Trump rejected Iran’s seven-day proposal to reopen the Strait of Hormuz and enter a ceasefire and is considering renewed military strikes against the country after the midterm elections in November.
Egypt prioritises rights of citizens abroad
Egypt’s Minister of Labour, Hassan Raddad, has reaffirmed that the welfare of Egyptians living abroad and the protection of their rights remain a top priority for the state, in line with the directives of President Abdel Fattah El-Sisi.
Egypt showcases economic reforms to S&P Global Ratings
Egypt’s Minister of Investment and Foreign Trade and Chairman of the Sovereign Fund of Egypt, Mohamed Farid, met on Saturday with a delegation from S&P Global Ratings, led by Director and Lead Analyst Ravi Bhatia, to discuss developments in the Egyptian economy, investment opportunities and ongoing efforts to improve the business and investment climate.
Venezuela president returns from US visit with no deals
Venezuela’s interim President Delcy Rodriguez arrived in New York this week for the UN General Assembly seeking business deals on debt, energy and mining, to demonstrate the once sanctioned country was open for business again after US forces removed her predecessor in January.
7 dead as Russia, Ukraine exchange strikes
Russian attacks killed four people across Ukraine Saturday, officials said, as the aerial war between Moscow and Kyiv intensifies.
Russia has hammered Ukraine with cruise and ballistic missiles, powerful glide bombs and jet-powered drones while front-line progress has slowed, some 4½-years after Moscow launched a full-scale attack on its neighbour.
