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Bank Rules Under Review in Wake of SVB Failure: Fed Official
Egypt >> 3/28/2023 - The Federal Reserve’s bank supervisors warned Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said but its managers ...
Report: Will CBE Raise Interest Rates at Its Next Meeting?
Egypt >> 3/28/2023 - The Research Department of HC Securities and Investment expected the Central Bank of Egypt’s Monetary Policy Committee would raise the interest rate at its next meeting.

“We expect the Mone...
All Eyes on Egypt's Central Bank Meeting Amid Expected Interest Rates Hike
Egypt >> 3/29/2023 - The Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) is scheduled to convene to review the key interest rates for the second time in 2023 amid broad expectations of a surge in interest ra...
Germany to Open Its Doors As Labour Shortage Bites
Egypt >> 3/29/2023 - An apprenticeship at a steelmaker brought Steven Maillot from the French island of Reunion in the Indian Ocean to Eisenhuettenstadt in Germany, a stone's throw from the Polish border.

Bette...
GAFI Head Probes With Greece's Mytilineos Investment Cooperation
Egypt >> 3/29/2023 - CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba discussed with representatives of the Greek company of Mytilineos investment opportunities in Egypt.

Mytilineo...
Mashat Launches 2022 Annual Report “International Partnerships for Sustainable Development
Egypt >> 3/29/2023 - Minister of International Cooperation Rania el Mashat launched the 2022 Annual Report “International Partnerships for Sustainable Development: From Pledges to Implementation” in the presence of multil...
Cabinet Convenes Weekly Meeting to Discuss Important Files
Egypt >> 3/29/2023 - A Cabinet meeting under Prime Minister Moustafa Madbouli started earlier at the New Capital to discuss a number of political, economic and social files.

The meeting will also tackle the lat...
Maait: UHIS to Reach all Governorates Before End of Year
Egypt >> 3/29/2023 - Minister of Finance Mohamed Maait said the country's new Universal Health Insurance System (UHIS) will be extended to reach all parts of the governorates included in the 1st phase - Suez, Aswan and So...
Instapay Transactions Total LE112.7 Bn in A Year: CBE
Egypt >> 3/29/2023 - The Central Bank of Egypt announced that the financial transactions that took place through instant payments network InstaPay during the fiscal year March 2022 – March 2023 totaled to LE 112.7 billion...
JICA to Fund Introduction of Egypt's Universal Health Insurance With 44B Yen
Egypt >> 3/29/2023 - The Ministry of Finance and JICA signed the executive agreement for the latter to fund the introduction of the Universal Health Insurance in Egypt with 44 billion yen as a soft loan.

Minist...
Egypt's Food Exports Up to Dlrs 665 Million in 1st Two Months of 2023
Egypt >> 3/29/2023 - The Food Export Council (FEC) said that the food industry sector's exports increased by 3% in the first two months of the current year to reach dlrs 665 million compared to dlrs 645 million during the...
Egypt Joins New Bank of BRICS Bloc
Egypt >> 3/30/2023 - The Official Gazette in Egypt published President Abdel-Fattah al-Sisi’s ratification of the agreement establishing the New Development Bank (NDB), of the BRICS bloc, after Egypt signed the bank’s acc...
PM Follows Up Power Supply for Development Projects
Egypt >> 4/1/2023 - Prime Minister Mostafa Madbouli has underscored the need to provide the necessary financing for supplying development projects with required electricity.

The premier’s remarks came a meetin...
Isdb Approves $344.5 Mln for Egypt's Electric Express Train
Egypt >> 4/1/2023 - The 350th meeting of the Islamic Development Bank (IsDB) Board of Executive Directors approved $ 344.5 million for financing Phase I of the Electric Express Train Project in Egypt.

The obje...
Mashat: We Work to Encourage Investment Into Msmes
Egypt >> 4/1/2023 - Minister of International Cooperation Rania el Mashat said her ministry works to encourage investment into micro, small and medium-sized enterprises (MSMEs), through constructive partnerships between ...
Military Production to Run Studies for Introducing New Products at Helwan Iron Foundries
Egypt >> 4/1/2023 - Minister of State for Military Production Mohamed Salah El-Din instructed the bodies concerned to make the utmost use of the technological capabilities of Helwan Iron Foundries (previously Factory 9)....
CEEBA Mulls Maximizing Use of Soft Funding to Back Foreign Investments
Egypt >> 4/1/2023 - Secretary General of the Confederation of the Egyptian European Business Associations (CEEBA) Alaa Ezz has discussed with Directorate-General for the European Union Neighborhood and Enlargement Negoti...
NRC, EOS Ink Cooperation Protocol
Egypt >> 4/1/2023 - Acting President of the National Research Center (NRC) Hussein Darwish and President of the Egyptian Organization for Standardization and Quality Control (EOS) Khaled Sofi signed a protocol to enhance...
TAQA Establishes New Green Finance Framework
United Arab Emirates >> 4/12/2023 - Abu Dhabi National Energy Company (TAQA) announced today that it has launched a new Green Finance Framework for the issuance of green bonds, sukuks, loans, and other debt instruments.

Proce...
Egypt's Gross Debt to Reach 92.9% of GDP in 2023, Highest Record in Five Years: IMF
Egypt >> 4/12/2023 - Egypt's general government gross debt is projected to reach 92.9 percent of GDP in 2023, read a Fiscal Monitor report by the International Monetary Fund (IMF).

This would be the highest rat...

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