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Stc Raised Network Capacity By 350% During Arab Summit
Saudi Arabia >> 5/21/2023 - stc group, the engine of digital transformation in the region, continues to play its leading national role in supporting digital empowerment of the major national events in the Kingdom of Saudi Arabia...
Egyptian Remittances from Arab Countries Decline in FY2021/2022: CAPMAS
Egypt >> 5/21/2023 - Egyptian expats’ remittances from Arab countries declined in fiscal year 2021/2022, while trade with these same countries increased over the 2022 calendar year, according to a statement from the Centr...
58th Afdb Annual Meetings to Kick off Monday in Sharm El-Sheikh
Egypt >> 5/21/2023 - The 58th Annual Meetings of the Board of Governors of the African Development Bank (AfDB) and the 49th Meetings of the Board of Governors of the African Development Fund are set to kick off on Monday ...
Egypt's Exports to US Shrink 9.1% in 2022: CAPMAS
Egypt >> 5/21/2023 - Egyptian exports to the United States declined by 9.1 percent to $2.3 billion in 2022 from $2.5 billion a year earlier, according to data released by the Central Agency for Public Mobilisation and Sta...
IDSC Says EGX Leading Financial Institution in Terms of Capital Market Sustainability
Egypt >> 5/22/2023 - The Cabinet’s Information and Decision Support Center (IDSC) has stated that the Egyptian Exchange (EGX) is considered one of the leading financial institutions, where capital market sustainability is...
Trade Minister Puts Volume of 2022 Trade Exchange With Oman at $1.80bn
Egypt >> 5/22/2023 - Trade and Industry Minister Ahmed Samir said that the volume of trade exchange between Egypt and Oman reached 1.80 billion dollars in 2022, rising from 651 million dollars the year before.

...
Egypt, Oman Have Competitive Advantages to Upgrade Economic Ties
Egypt >> 5/22/2023 - Planning Minister Hala el Saeid said that Egypt and Oman have competitive advantages at the economic level.

The government is exerting utmost efforts to achieve development and is seeking t...
Egyptian Exports to The US Fall to US$2.3 Billion in 2022: CAPMAS
Egypt >> 5/22/2023 - The Central Agency for Public Mobilization and Statistics reported a decrease in the value of Egyptian exports to the US during 2022.

This came during the report “Economic Relations between...
Egypt's Sczone Offers Direct, Indirect Investment Incentives: Zone Head To Chinese Companies
Egypt >> 5/22/2023 - Chairman of the General Authority for the Suez Canal Economic Zone (SCZone), Walid Gamal El-Din, stressed that the zone provides direct and indirect incentives for investors to operate in the country....
Egypt Pharmaceutical Exports Poised for 420% Growth by 2030: Senate
Egypt >> 5/22/2023 - Egypt's pharmaceutical sector is poised for significant growth, with the potential to achieve $5 billion in exports by 2030, up from $964 million in 2022, covering pharmaceutical drugs, medical suppli...
Planning Min., Omani Finance Minister Discuss Joint Cooperation
Egypt >> 5/23/2023 - Minister of Planning and Economic Development Hala el-Saeed met with Omani Minister of Finance Sultan bin Salem bin Saeed Al-Habsi and Oman Investment Authority (OIA) chairman Abdulsalam Al-Murshidi f...
Egypt Grants 10 New Golden Licenses: Gafi President
Egypt >> 5/23/2023 - The Egyptian government has granted 10 golden licenses to new businesses, President of the General Authority of Investment (GAFI) Hossam Abu Heiba said during an interview with Asharq Business.
Environment Min. Meets WB Delegation
Egypt >> 5/23/2023 - Environment Minister Yasmine Fouad held, 23-5-2023, a meeting with a delegation from the World Bank (WB) to discuss the latest developments in the blue economy sphere. Fouad affirmed that the blue e...
Maait: Egypt Dedicates All Potentials to Serve African Brethren
Egypt >> 5/23/2023 - Finance Minister Mohamed Maait said that Egypt didicates all its potentials, abilities and expertise to serve the African brethren within the framework of keenness to support the aspirations of the Af...
GAFI CEO: Dlrs 22 Bn Foreign Investments Flowing Into Egypt Until Jun 2023
Egypt >> 5/23/2023 - Hossam Heiba, the CEO of the General Authority for Investment and Free Zones (GAFI), said the volume of foreign investments flowing into Egypt hit dlrs 22 billion until June 2022, which is the highest...
Egypt Secures $66 Mln from EU, AFD to Expand Wheat Storage
Egypt >> 5/23/2023 - The European Union and French Development Agency (AFD) are set to provide Egypt with a €60 million ($66 million) credit facility to build more silos for grain storage.

According to Reuters,...
Africa Needs Unconventional Ideas, Financing Solutions to Support Development: Sisi in Afdb Meetings
Egypt >> 5/23/2023 - President Abdel-Fattah El-Sisi said Africa needs unconventional ideas and financing solutions to address pressing issues such as climate change and sustainable development.

El-Sisi made his...
Egypt, Oman Strengthen Economic Ties With Double Taxation, Financial Cooperation Agreements
Egypt >> 5/23/2023 - Egypt and Oman signed an agreement to prevent double taxation and a MoU to foster bilateral cooperation in financial policies and developments, during Sultan of Oman Haitham bin Tariq’s first visit to...
Dollar Rate Stable at Egypt's Major Banks
Egypt >> 5/23/2023 - The US dollar exchange rate was stable at the start of transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 30.75 for buy...
Committee Assesses Progress of Egypt Country Cooperation Program With OECD
Egypt >> 5/23/2023 - Egyptian Ambassador in Paris Alaa Youssef said that last week’s meeting of the coordination committee concerned with the country cooperation program between Egypt and the Organization for Economic Co-...

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