Economy

Egypt becomes first MENA country to issue ‘panda bonds’ in Chinese market for 3.5 bln yuan

Egypt becomes first MENA country to issue ‘panda bonds’ in Chinese market for 3.5 bln yuan

Egypt has become the first nation in the Middle East and Africa to issue sustainable international “panda bonds” on the…
Maait: Geopolitics tensions led to rising cost of living

Maait: Geopolitics tensions led to rising cost of living

Finance Minister Mohamed Maait said the ministry is seeking to receive a realistic and analytical vision from international financial institutions…
Egypt puts 35 state-owned companies in 19 sectors on IPO until June 2024

Egypt puts 35 state-owned companies in 19 sectors on IPO until June 2024

Egypt’s Finance Ministry announced offering up 35 state-owned companies in 19 sectors on IPO from October 2023 to June 2024,…
Egypt aims to raise ratio of taxes to GDP without overburdening citizens: minister

Egypt aims to raise ratio of taxes to GDP without overburdening citizens: minister

Egypt aims to raise the ratio of taxes to the gross domestic product in accordance with international standards, Finance Minister…
IMF lowers growth forecast for Egyptian economy to 3.6%

IMF lowers growth forecast for Egyptian economy to 3.6%

The International Monetary Fund lowered its growth forecast for the Egyptian economy during the current fiscal year 2023-2024 to 3.6…
Commodity prices in Egypt to be reduced on Saturday at the latest: PM

Commodity prices in Egypt to be reduced on Saturday at the latest: PM

The prices of seven major groups of commodities will be reduced by rates ranging from 15 percent to 25 percent…
Egypt to see significant decrease in prices of 9 basic commodities soon: Official

Egypt to see significant decrease in prices of 9 basic commodities soon: Official

The Secretary General of the Federation of Chambers of Commerce, Alaa Ezz, announced a significant decrease in the prices of…
How to open a US dollar account in Egypt’s banks

How to open a US dollar account in Egypt’s banks

Opening an account in the US dollar is a service that government and private banks provide to enable their customers…
Currency exchange between Egypt, China and UAE to start in 2024

Currency exchange between Egypt, China and UAE to start in 2024

The Central Bank of Egypt will begin activating the exchange agreement between the pound, the Chinese yuan, and the UAE…
Italy cancels $100 mln in debt owed by Egypt

Italy cancels $100 mln in debt owed by Egypt

Italy cancelled debts amounting to US$100 million owed by Egypt as part of the debt swap program between the two…
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