Economy
Bringing down prices: Government and Central Bank prioritize inflation relief
July 5, 2024
Bringing down prices: Government and Central Bank prioritize inflation relief
Prime Minister Mostafa Madbouly reviewed during his meeting on Thursday with Governor of the Central Bank of Egypt (CBE) Hassan…
South Med project to be developed at investments worth LE1 trillion: TMG
July 3, 2024
South Med project to be developed at investments worth LE1 trillion: TMG
The CEO and Managing Director of the Talaat Moustafa Group (TMG), Hisham Talaat Moustafa announced that the South Med project…
Egypt to allow private sector to offer its goods on Mercantile Exchange: Minister
July 1, 2024
Egypt to allow private sector to offer its goods on Mercantile Exchange: Minister
The Egyptian Minister of Supply and Internal Trade, Ali al-Moselhi said that Egypt will allow private sector companies to list…
Egypt sees significant decline in total external debt
July 1, 2024
Egypt sees significant decline in total external debt
Egypt’s total external debt declined to US$160.607 billion during the first quarter of 2024, compared to $168.034 billion during the…
Egypt tops Africa in attracting foreign direct investment: UNCTAD
June 28, 2024
Egypt tops Africa in attracting foreign direct investment: UNCTAD
UNCTAD (United Nations Conference on Trade and Development) has announced that Egypt topped African countries in attracting foreign direct investment…
CAPMAS reports 36.5% increase in Egypt’s cotton exports during 2023
June 19, 2024
CAPMAS reports 36.5% increase in Egypt’s cotton exports during 2023
The annual report of the Central Agency for Public Mobilization and Statistics (CAPMAS) on cotton for the 2022/2023 agricultural season…
Abu Dhabi Ports Group pumps $4.7 million into Egyptian cruise terminals for luxury tourism boom
June 14, 2024
Abu Dhabi Ports Group pumps $4.7 million into Egyptian cruise terminals for luxury tourism boom
Egypt and Abu Dhabi Ports have finalized an agreement to build cruise ship terminals in several Egyptian ports. These ports…
IMF, Egypt reaches staff level agreement worth US$820 million
June 8, 2024
IMF, Egypt reaches staff level agreement worth US$820 million
The International Monetary Fund (IMF) announced on Thursday that it reached a staff level agreement with Egyptian authorities on a…
InstaPay gets smarter: Cardless ATM and mobile payments coming soon
June 7, 2024
InstaPay gets smarter: Cardless ATM and mobile payments coming soon
Enhancements are underway for Egypt’s instant payment network, “InstaPay,” to introduce a range of convenient new services, according to a…
CBE’s foreign exchange reserves rises to record level by end of May
June 5, 2024
CBE’s foreign exchange reserves rises to record level by end of May
The Central Bank of Egypt (CBE) revealed an increase in the balances of gold listed in the foreign exchange reserve…