Economy
Egypt receives US$9.5 million grant from Japan to fight COVID-19
October 21, 2020
Egypt receives US$9.5 million grant from Japan to fight COVID-19
Minister of International Cooperation Rania al-Mashat on Wednesday signed a Japanese grant agreement with Japan’s ambassador to Cairo Masaki Noke…
Egypt launches first green bonds in Middle East and Africa, worth US$750 mn
October 20, 2020
Egypt launches first green bonds in Middle East and Africa, worth US$750 mn
Egypt’s International Cooperation Minister and the Governor of Egypt at the World Bank, Rania al-Mashat said that Egypt has succeeded…
Egypt’s Mahmoud Mohieldin elected as IMF’s Executive Director
October 20, 2020
Egypt’s Mahmoud Mohieldin elected as IMF’s Executive Director
The Egyptian candidate Mahmoud Mohieldin was elected unanimously on Monday to serve as the International Monetary Fund’s (IMF) executive director,…
Egypt’s economic performance amid coronavirus surpasses all expectations: Minister
October 17, 2020
Egypt’s economic performance amid coronavirus surpasses all expectations: Minister
Egyptian Finance Minister Mohamed Maait announced Saturday, that the Egyptian economy’s financial performance amid the coronavirus pandemic has exceeded all…
Gold prices in Egypt down by LE2, 21-karat gold at LE827
October 17, 2020
Gold prices in Egypt down by LE2, 21-karat gold at LE827
Gold prices declined in Saturday’s early trade in the Egypt market, following a fall in global prices. The price of…
70 French companies explore investment opportunities in Egypt
October 17, 2020
70 French companies explore investment opportunities in Egypt
Egypt’s Minister of Planning and Economic Development Hala al-Saeed held an expanded video conference seminar with representatives from 70 French…
Egypt registers primary surplus of LE100 mn in Q1 FY20-21
October 15, 2020
Egypt registers primary surplus of LE100 mn in Q1 FY20-21
Egypt registered a primary budget surplus of LE 100 million (US$6.39 million) in the first quarter of its 2020-2021 financial…
France willing to take part in Egypt’s Ain Sokhna/Alamein city high-speed railway project
October 14, 2020
France willing to take part in Egypt’s Ain Sokhna/Alamein city high-speed railway project
The French government has expressed interest in Egypt’s new high-speed railway project, offering its cooperation in the field of electromechanical…
Egypt increases imports, encourages domestic production to maintain food security amid pandemic
October 13, 2020
Egypt increases imports, encourages domestic production to maintain food security amid pandemic
Egypt has expanded its import contracts and successfully met public demand for food by following a government action plan that…
Egypt’s garment factories reduce production by 50 percent ahead of fall season
October 12, 2020
Egypt’s garment factories reduce production by 50 percent ahead of fall season
The chief of Egypt’s Ready-made Garments Chamber, Mohamed Abdel Salam, said on Monday that several local clothing factories reduced their…