Masress
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Regularly updated and featuring local ground breaking content, Masress (Egypt Press) is an Egyptian website that collects news and articles from local Egyptian newspapers, classifies them, and then arranges them according to their importance.
Masress
2d ago
In response to the recent geopolitical shifts, the main index turned negative, registering a 0.73% drop at the close of Tuesday's session, settling at 29,401 points. The EGX70 EWI saw a rise of 0.86%, reaching 6,754 points, while the comprehensive EGX100 climbed by 0.51% to 9,633 points ..read more
Masress
2d ago
Egyptian Minister of International Cooperation Rania Al-Mashat met with World Bank Group officials during the 2024 Spring Meetings to discuss development strategies and ongoing cooperation. The discussions centered on navigating regional and global challenges impacting developing ..read more
Masress
2d ago
Egypt's President Abdel Fattah Al-Sisi, hosted Sergei Naryshkin, the Director of the Russian Foreign Intelligence Service, on Tuesday. The meeting, which also included Abbas Kamel, the Chief of Egypt's General Intelligence Service, focused on a range of pressing regional and international ..read more
Masress
2d ago
The US dollar strengthened against major rivals on Tuesday, reaching a five-month high against the pound sterling and euro, while the Japanese yen languished at its lowest point since 1990, Reuters reported. The yen currently trading at around 154.64 per dollar, inching closer to the critical ..read more
Masress
2d ago
The Central Bank of Egypt (CBE) offered on Tuesday fixed coupon treasury bonds (T-Bonds) in Egyptian pound worth 500 million pounds, in coordination with the Ministry of Finance, according to a statement on its website. The 500 million pounds auction is for five years to be matured on 16/04/2029 ..read more
Masress
2d ago
The US House of Representatives overwhelmingly passed a bill on Monday targeting China's purchase of Iranian crude oil, as per a Bloomberg report on Tuesday. Iran relies heavily on China for oil exports. A whopping 80 per cent of their daily exports, roughly 1.5 million barrels, end up at ..read more
Masress
2d ago
The European Union (EU) is pledging to allocate €3.5 billion ($3.71 billion) this year for ocean protection and sustainability initiatives, Virginijus Sinkevicius, EU Commissioner for Environment, Oceans, and Fisheries, announced on Tuesday, according to Reuters. These initiatives, which were ..read more
Masress
2d ago
Wafi Abu Samra, a member of the Electrical Appliances Division at the Giza Chamber of Commerce, reported that various electrical appliance companies and manufacturers have slashed prices by 10%. This reduction, coupled with the cessation of the overpricing trend—which previously led to a markup in ..read more
Masress
2d ago
The Intergovernmental Panel on Climate Change (IPCC) has emphasized the need for "rapid and far-reaching changes" to avert dire climate change consequences. Johannes Stangl of the Complexity Science Hub (CSH) notes that transitioning to a climate-neutral economy is not without economic challenges ..read more
Masress
2d ago
Egypt's Prime Minister Mostafa Madbouly convened a meeting Monday to discuss preparations for the operational launch of the new National Cancer Institute in Sheikh Zayed City, known as "500500 Hospital." The high-profile meeting included Health Minister Khaled Abdel Ghaffar, Higher Education and ..read more