10/22/2023 - Egypt plans to enhance economic and trade cooperation with Bulgaria in the coming period, said Minister of Trade and Industry Ahmed Sami. The two countries are witnessing promising collabor... |
10/22/2023 - Gold prices in Egypt increased by 12.42 percent since the start of the Palestinian-Israeli conflict on 7 October, reflecting uncertainty among investors. "The key reason behind the recent j... |
10/22/2023 - Prime Minister Mostafa Madbouli reaffirmed the importance of working to resolve any problem facing the implementation of an initiative on cutting down the prices of basic commodities to mitigate the b... |
10/23/2023 - The European Bank for Reconstruction and Development (EBRD) has mobilized $2 billion to finance development projects in Egypt during 2023, said Heike Harmgart, Regional Director for the Southern and E... |
10/23/2023 - The Central Bank of Egypt (CBE) revised the deadline for transferring the export proceeds of gold artefacts to banks from 7 days to 30 days, according to a circular. Accordingly, banks in E... |
10/23/2023 - The Ministry of Supply and Internal Trade launched on Monday a mega project to establish 17 green food hubs across Egypt in collaboration with the Ministry of International Cooperation, the Internal T... |
10/24/2023 - Egypt’s Cabinet approved issuing a third batch of $500 million Yen-denominated bonds, aka Samurai bonds, with a five-year tenor, according to a statement released. The move is part of the g... |
10/24/2023 - Egypt's Ministry of International Cooperation and the World Bank Group held extensive discussions with the Climate Investment Fund (CIF) mission on the executive plan for the Nature, People and Climat... |
10/24/2023 - The Egyptian Authority for Unified Purchasing (UPA) is supplying Zambia with a total value of $24 million of pharmaceutical supplies, according to a statement by the Cabinet . The move is p... |
10/25/2023 - Egypt's Suez Canal Authority (SCA) has signed a memorandum of cooperation (MOC) with Qatari dairy producer Baladna valued at $1.5 billion to initiate projects that guarantee food security for the Egyp... |
10/25/2023 - The Central Bank of Egypt (CBE) has eased the restrictions on credit card usage abroad, allowing clients to use their cards without limits on hard currency withdrawals while being abroad. C... |
10/25/2023 - The Israeli war on Gaza has driven the Egyptian pound down to a record low on the parallel market, where it is now trading for EGP 46 against the US dollar, said Ramona Moubarak, head of MENA Country ... |
10/25/2023 - The war in Gaza will negatively impact the economies of neighbouring countries; including Egypt, Jordan and Lebanon, according to the Managing Director of the International Monetary Fund (IMF) Kristal... |
10/26/2023 - S&P Global has revised down the long-term credit ratings for three Egyptian banks; including two major state-owned banks, to B- from B. The banks are the National Bank of Egypt (NBE), Banqu... |
10/28/2023 - The National Wages Council (NWC) has approved raising the minimum wage for private sector employees from EGP 3,000 to EGP 3,500, effective 1 January 2024, according to a Cabinet statement on Friday. |
10/28/2023 - The Egyptian Minister of Trade and Industry Ahmed Samir has discussed with its German counterparts building an industrial zone in the Suez Canal Economic Zone (SZCONE), according to a statement. |
10/28/2023 - Minister of Public Business Sector Mahmoud Esmat said the ministry's affiliated companies face a real test of their ability to fulfill the local market requirements, meet the needs of citizens, increa... |
10/28/2023 - Finance Minister Mohamed Maait stressed the importance of enhancing contacts with the business community to lure local and foreign investments with the objective of expanding the customs and tax servi... |
10/29/2023 - The gold holdings of the Central Bank of Egypt (CBE) declined by 2.8 percent to EGP 235.64 billion ($7.64 billion) in September from EGP 242.42 billion ($7.86 billion) in August, according to the mont... |
10/29/2023 - The Israeli war on Gaza has had a moderate impact on tourism to Egypt, particularly in South Sinai, experts told Ahram Online. “The impact of the war is already felt in South Sinai, which a... |