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Egypt Trade Deficit Grows By 21.3% in August to $4.88 Bln
Egypt >> 11/14/2024 - Egypt's trade deficit rose for the second consecutive month to $4.88 billion in August, compared to $4.03 billion in August 2023, marking a 21.3 percent increase, according to data published by the Ce...
COP29: Egypt Says Developed States Must Pay The Primary Role in Climate Finance
Egypt >> 11/13/2024 - Egypt’s Prime Minister Mostafa Madbouly highlighted challenges facing African states, including Egypt, to fulfill their climate commitments, stressing that advanced countries must take the lead with r...
Transport Min Lauds Role of Arab Bridge Maritime in Boosting Trade Exchange
Egypt >> 11/13/2024 - Egyptian Minister of Industry and Transport Kamel Wazir asserted the depth of the historic ties between Egypt, Jordan and Iraq.

He underlined the importance of cooperation among the three c...
Petroleum Minister Meets Delegation from Aton Resources
Egypt >> 11/13/2024 - Minister of Petroleum and Mineral Resources Karim Badawi received a delegation from Aton Resources headed by its CEO Tonno Vahk in which he presented the company’s activities and exploration efforts i...
S. Korean Ambassador Says Egypt 'Gateway to African, Me Markets'
Egypt >> 11/9/2024 - South Korean Ambassador to Cairo Kim Yonghyon praised steps taken by the Egyptian government to attract foreign direct investment.

South Korean companies are interested in investing in Egyp...
FRA Participates in IOSCO Meetings in Spain
Egypt >> 11/9/2024 - Chairman of the Egyptian Financial Regulatory Authority (FRA) Mohamed Farid took part in the International Organization of Securities Commissions (IOSCO) board meetings as well as meetings of the Fina...
Egypt, Cameroon Housing Ministers Discuss Bilateral Cooperation on Sidelines of WUF12
Egypt >> 11/9/2024 - Minister of Housing, Utilities and Urban Communities Sherif el Sherbini had a meeting with Cameroon's Minister of Housing and Urban Development Celestine Kitscha and Cameroon Ambassador to Egypt Moham...
MSMEDA Cooperating With WB to Upgrade Egypt Entrepreneurship Eco-System
Egypt >> 11/9/2024 - The Micro, Small and Medium Enterprise Development Agency (MSMEDA) is cooperating with the World Bank (WB) to upgrade the Egyptian Entrepreneurship eco-system, CEO Bassel Rahmy said.

MSMEDA...
Transport Minister, Austria’s "Kronospan" Discuss Future Plans in Egyptian Market
Egypt >> 11/9/2024 - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel el Wazir had a meeting with Hayrettin Akgun Okay, CEO of the Austrian-based wood panels manufacturer "Kron...
Planning, Education Ministers Discuss Needs to Improve Quality of Education Process
Egypt >> 11/9/2024 - Minister of Planning, Economic Development and International Cooperation Rania el Mashat said that 42% of the public investments of the plan of the current fiscal year is spent on human and social dev...
Egypt, Slovakia Discuss Cooperation in Circular Economy, Waste Recycling
Egypt >> 11/9/2024 - Environment Minister Yasmine Fouad had a meeting with Slovakia's Deputy Prime Minister and Minister of Environment Tomáš Taraba, the Slovak ambassador in Cairo and their accompanying delegation to dis...
Egypt, Angola Mull Boosting Military Production Cooperation
Egypt >> 11/9/2024 - Minister of State for Military Production Mohamed Salah Eldin Mostafa discussed avenues of cooperation with Angolan Minister of National Defense and Veterans João Ernesto dos Santos.

Mostaf...
Transport Min. Attends Signing of Mou With Djibouti
Egypt >> 11/9/2024 - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel el Wazir attended the signing ceremony of a memorandum of understanding between Egypt’s Holding Company fo...
Cabinet Holds Its Weekly Meeting to Probe Number of Important Files
Egypt >> 11/6/2024 - Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting at the government headquarters in the New Administrative Capital to discuss a number of key political, economic and social files.<...
Madbouly: Egypt Not to Give Up on Its Water Rights; Supports Development in Nile Basin States
Egypt >> 11/6/2024 - Egyptian Prime Minister Mostafa Madbouly held a press conference, where he addressed different concerns, especially Egypt’s stance regarding the Ethiopia’s announcement of completing the construction ...
Exchanging Urban Development Expertise With Singapore
Egypt >> 11/6/2024 - Cairo Governor Ibrahim Saber met Michael Koh, Deputy Executive Director of the Centre for Livable Cities (CLC) in Singapore.

The meeting came during the activities of the 12 edition of the ...
Egypt Net Int'l Reserves Increase to $46.9 Bln by End-October: Cbe
Egypt >> 11/6/2024 - Egypt's net international reserves (NIRs) increased to $46.9 billion by the end of October, up from $46.7 billion in September, according to data published by the Central Bank of Egypt (CBE).

...
Egypt Budget Deficit Drops to 2.1% in Q1 FY2024/2025
Egypt >> 11/6/2024 - Egypt's budget deficit dropped to 2.1 percent of the GDP in the first quarter (Q1) of the current fiscal year (FY) 2024/2025, down from 3.2 percent in FY2023/2024, Minister of Finance Ahmed Kouchouk a...
US Stocks Surge Including Tesla, Headed By Trump Backer Musk
Egypt >> 11/6/2024 - Shares in Tesla soared in pre-market trading after Donald Trump, backed by the electric car maker's boss Elon Musk, claimed victory in the US presidential election.

Tesla shares were up 13 ...
Dollar Soars, Bitcoin Hits Record As Trump Claims Victory
Egypt >> 11/6/2024 - The dollar surged and bitcoin hit a record high before Donald Trump claimed victory in the US election, with traders ramping up bets on fresh tax cuts, tariffs, and rising inflation.

While ...
IMF Poised to Embrace Egypt's Economic Appeals: Experts
Egypt >> 11/3/2024 - Some economists and financial consultants told Ahram Online they expect the International Monetary Fund (IMF) to respond favourably to Egypt’s requests, potentially reconsidering the timeline for econ...
Egypt Made Progress on Its Economic Reforms Amid Regional, Int'l Challenges
Egypt >> 11/3/2024 - The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, highlighted that Egypt's reforms are intended to address the country's economic challenges as she discussed ways t...
Egyptian Amb. to Athens Receives Greek Tourism Minister
Egypt >> 10/31/2024 - Ambassador Omar Amer, Egypt's Ambassador to Athens, hosted Ms. Olga Kefalogianni, the Greek Minister of Tourism, at the embassy.

During the meeting, they discussed ways to enhance cooperati...
Cabinet Approves Re-forming Committee for Managing Foreign Debt File
Egypt >> 10/31/2024 - The cabinet approved during its weekly meeting under Premier Moustafa Madbouli a draft cabinet decision on re-forming a committee formanaging foreign debt file and regulating foreign loans.

...
Egypt Finalizes Preparations to Host 12th World Urban Forum
Egypt >> 10/30/2024 - Egyptian Prime Minister Mostafa Madbouly chaired a meeting to review the final preparations for hosting the 12th World Urban Forum in Cairo from November 4-8.

The meeting was attended by se...
Cabinet Approves Actual Operation of Comprehensive Health Insurance System in Suez
Egypt >> 10/30/2024 - The cabinet approved during its weekly meeting, under Prime Minister Moustafa Madbouli, starting the actual operation of the comprehensive health insurance in the Suez governorate as of December 2024....
PM Attends Signing Of Mou With DP World to Study Development of Public, Free Zone
Egypt >> 10/30/2024 - Prime Minister Mostafa Madbouli attended in the New Administrative Capital the signing of a memorandum of understanding about studying the development of a public, free zone in lands allocated for the...
Indian Pearl Group Signs EGP 100 Mln Polyurethane Project in Sokhna
Egypt >> 10/30/2024 - Chairman of the General Authority for the Suez Canal Economic Zone (SCZone) Walid Gamal El-Din witnessed the signing of a contract for Indian Pearl Group’s polyurethane production project, valued at E...
Japanese Sumitomo Electric €22 Mln Plant in Egypt to Start Operation in November
Egypt >> 10/30/2024 - Japanese Sumitomo Electric Egypt will commence operating its plant for manufacturing electrical wiring harnesses for cars and vehicles, valued at 22 million euros, in the 10th of Ramadan City in Novem...
Green Climate Fund to Fund 3 Major Greening Projects in Egypt And Globally
Egypt >> 10/28/2024 - The projects that will receive GCF funding include initiatives focused on greening financial systems, the Smart Climate-Resilient Agriculture Investment Fund, and the Facility for Expanding Climate-Re...
The United Bank Plans to Float 30% of Its Shares on EGXff
Egypt >> 10/28/2024 - The United Bank has announced its intention to offer 30 percent of its capital, equal to 330 million shares owned by the Central Bank of Egypt (CBE), on the Egyptian Stock Exchange (EGX) this.

...
Egypt-Algeria Trade Records $622M During First 8 Months of 2024
Egypt >> 10/28/2024 - The Central Agency for Public Mobilization and Statistics (CAPMAS) issued Monday a statement on Egyptian-Algerian relations, as the volume of Egyptian exports to Algeria increased to record $605 milli...
Saudi Arabic Tops List of BRICS States Importing from Egypt
Egypt >> 10/28/2024 - Saudi Arabia topped the list of BRICS countries importing from Egypt during the first 8 months of the current year 2024, according to data from the Central Agency for Public Mobilization and Statistic...
Egypt Secures Green Climate Fund Support for Climate Resilience, Sustainable Development
Egypt >> 10/28/2024 - The Ministry of Planning, Economic Development, and International Cooperation has announced the approval of three major financing programs by the Green Climate Fund (GCF) to drive climate change mitig...
Egypt Invests EGP 4.8b in Mega Commercial Projects in Beni Suef, Sharqia
Egypt >> 10/28/2024 - The Egyptian Ministry of Supply and Internal Trade is set to embark on ambitious commercial development projects in Beni Suef and Sharqia governorates, allocating 4.8 billion Egyptian pounds.

...
Egypt to Host New Electric Car Manufacturing Hub in Partnership With China
Egypt >> 10/28/2024 - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, oversaw the signing of an agreement between China's BAIC Company and Alkan Auto Company, part o...
Prime Minister Meets Finance Minister
Egypt >> 10/28/2024 - Prime Minister Moustafa Madbouly met with Minister of Finance Ahmed Kouchouk.

Minister of Finance Ahmed Kouchouk expressed optimism about having ‘constructive’ discussions with the Internat...
Maait Elected Executive Director Representing Arab Countries, Maldives at IMF
Egypt >> 10/27/2024 - Egypt’s former minister of finance Mohamed Maait has been elected as the executive director and member of the Executive Board, representing Arab countries and the Maldives at the International Monetar...
Egypt Sovereign Fund to Run Under Ministry of Investment: Egyptian Gazette
Egypt >> 10/27/2024 - Prime Minister Mostafa Madbouly issued a decree stipulating that The Sovereign Fund of Egypt (TSFE) be affiliated with the Ministry of Investment and External Trade, the Egyptian Gazette said.

...
Investment Minister Says Govt Working on Strategy to Improve Investment Climate
Egypt >> 10/26/2024 - Minister of Investment and Foreign Trade Hassan el Khatib said the Egyptian government is working on a strategy to improve the investment climate, citing the introduction of monetary, financial and ta...

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