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EBRD Extends €50 Mln Loan to CIB to Support Smes in Egypt
EG >> 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 Engineering Industry Exports Grow By 25.6% in 9 Months: Export Council
EG >> 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...
SCZONE Signs Protocol With Egyptian Commercial Representation
EG >> 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...
Petroleum Sector Sees Growth With New Projects & Investment Initiatives
EG >> 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...
JBIC Interested in Funding Japanese Green Hydrogen Projects in Egypt
EG >> 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...
Egypt, IFC Explore New Avenues for Cooperation in Energy, Mining
EG >> 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...
National Petroleum Day: Minister Outlines Sector’s Achievements And Strategic Vision
EG >> 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...
National Petroleum Day: Minister Outlines Sector’s Achievements and Strategic Vision
EG >> 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 Trade Deficit Grows By 21.3% in August to $4.88 Bln
EG >> 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...
Petroleum Minister Meets Delegation from Aton Resources
EG >> 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...
Transport Min Lauds Role of Arab Bridge Maritime in Boosting Trade Exchange
EG >> 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...
Egypt, Slovakia Discuss Cooperation in Circular Economy, Waste Recycling
EG >> 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...
MSMEDA Cooperating With WB to Upgrade Egypt Entrepreneurship Eco-System
EG >> 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...
Dollar Soars, Bitcoin Hits Record As Trump Claims Victory
EG >> 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 ...
US Stocks Surge Including Tesla, Headed By Trump Backer Musk
EG >> 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 ...
Egypt Net Int'l Reserves Increase to $46.9 Bln by End-October: Cbe
EG >> 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).

...
Japanese Sumitomo Electric €22 Mln Plant in Egypt to Start Operation in November
EG >> 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...
Egypt Secures Green Climate Fund Support for Climate Resilience, Sustainable Development
EG >> 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...
Maait Elected Executive Director Representing Arab Countries, Maldives at IMF
EG >> 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...
Investment Minister Says Govt Working on Strategy to Improve Investment Climate
EG >> 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...
Mashat Renews Calls for Establishing African Credit Rating Agency
EG >> 10/26/2024 - Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat said that international reports on increasing debt burdens on countries in the African continent prove the impo...
PM Inspects German Factory of Knauf for Plaster Rods
EG >> 10/26/2024 - Prime Minister Moustafa Madbouli inspected the factory of the German company of Knauf for plaster rods and products.

This came during Madbouli’s visit to Suez which included a number of pro...
PM: Gov't Keen on Reinforcing Sectors Producing Components of Various Projects
EG >> 10/26/2024 - Prime Minister Moustafa Madbouli emphasized keenness of the government on reinforcing sectors producing components of various projects, in particular the pumps that represent a key aspect for drinking...
Newly-Elected IMF Official Vows More Support for Arab Economies
EG >> 10/26/2024 - Executive Director of the International Monetary Fund (IMF) for the Middle East and the Maldives Mohamed Maait affirmed commitment to intensifying efforts to support Arab economies in fostering growth...
Egypt To Reevaluate Timings for Economic Reforms With IMF: PM Madbouly
EG >> 10/23/2024 - Egypt to start reevaluating the timing of economic reforms with The International Monetary Fund, Prime Minister Mostafa Madbouly announced.

“Based on the recent economic developments in Egy...
Egyptian Ambassador to Senegal Urges Promoting Economic, Trade, Investment Relations
EG >> 10/19/2024 - Egyptian Ambassador to Senegal Khaled Aref emphasized the necessity of promoting bilateral economic, trade and investment relations, through harmonizing efforts of the foreign ministries and relevant ...
PM: No Fuel Price Increases Until The End of 2025 if Global Price Stabilizes
EG >> 10/19/2024 - Prime Minister Mostafa Madbouly announced that, following the recent increase in fuel prices, if global prices stabilize at an average of $73 per barrel, there will be no further hikes until the end o...
Egypt, Greece Probe Developments of Electrical Interconnection Project
EG >> 10/14/2024 - Egyptian Minister of Electricity and Renewable Energy Mahmud Esmat discussed with Greek Minister of Environment and Energy Theodoros Skylakakis and his accompanying delegation the latest developments ...
Cairo Hosts IGU Sustainability Workshop Focused on Emissions Reduction, Energy Transition
EG >> 10/13/2024 - Within the framework of cooperation and experience sharing between the Ministry of Petroleum and Mineral Resources (MoPMR) and international institutions in the fields of sustainability and emissions ...
Egypt, EU Launch €7M Green Facility to Support Green Transition
EG >> 10/13/2024 - During Cairo Water Week, Minister of Planning and Economic Development, Rania Al-Mashat, and EU Ambassador, Christian Berger, signed the €7 million European Green Facility initiative.

This ...
House of Representatives Approves Increasing Egypt-US Assistance Grant to $20.5 Mln
EG >> 10/8/2024 - The House of Representatives approved increasing the assistance grant agreement between Egypt and the United States of America (US) regarding the climate change initiative by $5.5 million to reach $20...
Planning Min. Witnesses Signing € 270mn-Worth Green Hydrogen Deal With Germany
EG >> 10/8/2024 - Egyptian Minister of Planning, Economic Development and International Co-operation Rania al Mashat attended the signing ceremony of a 270-million-euro worth grant agreement for establishing a green hy...
Ceremony to Ink Mou Between TMG, Anyang City, Korean Association of Smart Cities
EG >> 9/28/2024 - Egyptian Ambassador to South Korea Khaled Abdel Rahman participated in a ceremony to ink a memorandum of understanding for cooperation between Talaat Moustafa Group (TMG) and Anyang city and Korean as...
Presidential Advisor: Sisi Follows Up Closely Issue of Medicine, Supports Pharmaceutical Industry
EG >> 9/28/2024 - President Abdel Fattah El Sisi presents unlimited support to the issue of medicine and follows it up on daily basis, Presidential Advisor for Health and Prevention Affairs Mohamed Awad Tag el Din said...
Minister: Egyptian Pharmaceutical Market Reaches EGP 300 Billion Annually
EG >> 9/28/2024 - The Egyptian pharmaceutical market is valued at EGP 300 billion annually, Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar revealed.

Addressing the opening s...
Planning Minister Continues Meetings With Representatives of Governments, Private Sector
EG >> 9/25/2024 - "Al-Mashat" addressed joint efforts to enhance economic development with her Jordanian counterpart”

“Minister of Planning, Economic Development and International Cooperation discusses coope...
France’s AFD Offers €50m for Women’s Projects in Egypt
EG >> 9/23/2024 - The French Development Agency has significantly advanced Egypt’s women’s economic empowerment efforts by providing a €50 million credit line for the Small Projects Support Programmes.

This ...
Investment Min., Head of EU Delegation in Egypt Discuss Promoting Economic Relations
EG >> 9/23/2024 - Minister of Investment and Foreign Trade Hassan el-Khatib and Head of the European Union Delegation to Egypt Ambassador Christian Berger discussed joint co-operation projects and programs as well as w...
France’s AFD Offers €50m for Women’s Projects in Egypt
EG >> 9/23/2024 - The French Development Agency has significantly advanced Egypt’s women’s economic empowerment efforts by providing a €50 million credit line for the Small Projects Support Programmes.

This ...
Health Minister Stresses Importance of Cooperation With S.Africa in Pharmaceuticals
EG >> 9/18/2024 - Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar asserted the importance of cooperating with South Africa in the field of pharmaceutical manufacture and vaccines.
Madbouly Instructs Creation of New Entrepreneurship-Centered Ministerial Group
EG >> 9/11/2024 - The Prime Minister has instructed the cabinet to form a new ministerial group dedicated to fostering entrepreneurship and bolstering Egypt’s entrepreneurial landscape.

PM Mostafa Madbouly i...
Total Trade Bet Egypt, Germany Stands at $2.5 Billion in H1 2024
EG >> 9/12/2024 - September 2024: In the first half of 2024, Egyptian exports to Germany surged by 11 percent, hitting $463 million, up from $417 million in the same period last year, as per the recent data by CAPMAS.<...
Investment Min. Underlines Keenness on Promoting Local, Int'l Investments
EG >> 9/12/2024 - Foreign Trade and Investment Minister Hassan Khatib underlined keenness on promoting local and international investments, thus contributing to meeting local market needs, generating new jobs and boost...
GAFI Chairman Meet Indian Investors
EG >> 9/2/2024 - Chairman of the General Authority for Investment and Free Zone (GAFI) Hossam Heiba met with Managing Director and CEO of Invest India Nivruti Rai and representatives of major Indian companies during h...
Indian Black Carbon Company Plans to Build $60M Plant in Egypt
EG >> 9/3/2024 - India is planning to invest $60 million in establishing a black carbon plant in Egypt.

This decision was made during a meeting between Yehia El Wathek Bellah, the Head of the Trade Ministr...
Gov't Keen to Implement President El-Sisi's Directives to Develop Great Transfiguration Project: PM
EG >> 9/1/2024 - The government is keen on implementing directives issued by President Abdel Fattah El Sisi regarding the development of The Great Transfiguration project site, which will become a magnificent destinat...
Al-Mashat Meets AIIB President on Expansion on Private Sector Financing Mechanisms
EG >> 9/1/2024 - Rania A. Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, who also serves as Egypt’s Governor at the New Development Bank (NDB), met with Mr. Jin Liqun, President ...
Ministry of Finance: New Chapter Btw Tax Authority & Business Community
EG >> 8/20/2024 - The Ministry of Finance has released an infographic stating that a new chapter will soon begin between the Egyptian Tax Authority and the business community, and this new approach will treat taxpayers...
Egypt, EU to Implement €8M Program to Support Industry
EG >> 8/20/2024 - The Egyptian government has entered into an €8 million agreement with the European Union (EU) under the EU Tigara program, aimed at bolstering trade, industry, growth, and swift market access.

...
The Voluntary Trading of Carbon Certificates And Bonds Kicks Off: Investment Minister
EG >> 8/14/2024 - Minister of Investment and Foreign Trade Hassan ElKhatib announced during the Financial Regulatory Authority Conference (FINRA) on Tuesday that the voluntary trading of carbon certificates and bonds w...

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