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IMF Concludes Fortnight Mission for Egypt’s EFF 4th Review
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regarding the fourth review of Egypt's $8 billion Extende...
Egypt Engineering Industry Exports Grow By 25.6% in 9 Months: Export Council
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching $3.936 billion, up from $3.133 billion during the...
Prime Minister Meets With President of The Korea International Cooperation Agency
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sam, President of the Korea International Cooperatio...
Masdar-Led Consortium to Develop 1.2 GW Solar Power Projects in Egypt
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, witness the...
Egypt, Australia Trade Volume Reaches $650M in 2023
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to $650 million in 2023.

This positive t...
Cabinet Holds Weekly Meeting to Review Important Files
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.

The Cabinet is set to address several topics, including the participation o...
EBRD Extends €50 Mln Loan to CIB to Support Smes in Egypt
Egypt >> 11/20/2024 - The European Bank for Reconstruction and Development (EBRD) has extended a 50-million-euro loan to the Commercial International Bank (CIB), a publicly listed Egyptian bank, to promote the growth of sm...
Egypt’s Pm Meets Korean International Cooperation Agency Head
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting at the government headquarters in the New Administrative Capital with Mr. Chang Won Sam, President of the Korea International Cooperation Agency (KOI...
Fitch Ratings Upgrades 4 Egyptian Banks Idrs Following Sovereign Rating Boost
Egypt >> 11/19/2024 - Fitch Ratings has raised the Long-Term Issuer Default Ratings (IDRs) of the largest four banks in Egypt following the recent upgrade of the country's sovereign rating, a statement said.

Fit...
Egypt, IFC Explore New Avenues for Cooperation in Energy, Mining
Egypt >> 11/19/2024 - Minister of Petroleum and Mineral Resources Karim Badawi has received a delegation from the International Finance Corporation (IFC), headed by Valerie Levkov, Global Industry Director for Energy, Meta...
JBIC Interested in Funding Japanese Green Hydrogen Projects in Egypt
Egypt >> 11/19/2024 - CEO of the General Authority for Investment and Free Zones (GAFI) received a delegation from Japan Bank for International Cooperation (JBIC) led by Chief Representative for the Middle East Kenny Kitam...
Petroleum Sector Sees Growth With New Projects & Investment Initiatives
Egypt >> 11/19/2024 - Minister of Petroleum and Mineral Resources, Karim Badawi, announced at the American Chamber of Commerce that oil and gas production has increased from July to October, adding 200 million cubic feet o...
SCZONE Signs Protocol With Egyptian Commercial Representation
Egypt >> 11/19/2024 - The Suez Canal Economic Zone (SCZone) has signed a cooperation protocol with the Egyptian Commercial Service Authority, aiming to strengthen collaboration and attract foreign direct investment (FDI) t...
Madbouli Discusses Dabaa Nuclear Project Progress With Russia's Rosatom Company
Egypt >> 11/19/2024 - Prime Minister Mostafa Madbouli received Tuesday Director General of the Russian State Atomic Energy Corporation (Rosatom) Alexei Likhachev who affirmed President Vladimir Putin's eagerness for adheri...
National Petroleum Day: Minister Outlines Sector’s Achievements and Strategic Vision
Egypt >> 11/17/2024 - On the occasion of National Petroleum Day, Minister of Petroleum and Mineral Resources Karim Badawi gave a speech during which he praised the latest developments in the sector and outlined its working...
Madbouly Inspects Pavilions of CBE, FRA, And Iscore at Cairo ICT
Egypt >> 11/17/2024 - Prime Minister Mostafa Madbouly visited the pavilions of the Central Bank of Egypt (CBE), the Financial Regulatory Authority (FRA), and the Egyptian Credit Bureau "iScore", during his tour of the Cair...
National Petroleum Day: Minister Outlines Sector’s Achievements And Strategic Vision
Egypt >> 11/17/2024 - On the occasion of National Petroleum Day, Minister of Petroleum and Mineral Resources Karim Badawi gave a speech during which he praised the latest developments in the sector and outlined its working...
Egypt’s Trade With G20 Nations Hits $61b in First 9 Months of 2024
Egypt >> 11/17/2024 - Egypt’s trade with the G20 countries reached $61 billion in the first nine months of 2024, up from $55.6 billion during the same period in 2023, according to the latest data from the country’s officia...
Egypt, Pepsico Discuss Expanding Investment, Empowering Small Farmers
Egypt >> 11/17/2024 - Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk met with Mohamed Shelbaya, Chairman of PepsiCo Egypt, to discuss ways to enhance co-operation and expand investment in Egypt’s agricul...
ICT Sector Is Egypt’s Engine for Youth Empowerment, Economic Growth: PM
Egypt >> 11/17/2024 - Prime Minister Mostafa Madbouly highlighted the pivotal role of Egypt’s Information and Communications Technology (ICT) sector, describing it as a source of hope for the nation’s youth and a key drive...
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...
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 ...
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 ...
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.<...
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 ...

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