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Egypt's $3 Billion Loan Programme to Advance Soon
Egypt >> 12/3/2023 - The International Monetary Fund (IMF) is on the verge of advancing with the next steps in Egypt's $3 billion loan programme shortly, Kristalina Georgieva, the managing director of the fund, said on Sa...
Egypt Considers EGP 8 Bln Partnership Offers in Real Estate Sector: Minister
Egypt >> 12/3/2023 - The Egyptian government is currently reviewing partnership offers worth EGP 8 billion ($258 million) from investors in the real estate sector, Mahmoud Esmat, Minister of Public Business Sector, said.<...
Egypt to Offer State-Owned Chillout Fuel Stations Under IPO Programme
Egypt >> 12/3/2023 - Egypt is ramping up restructuring efforts with the sale of ChillOut fuel stations to the private sector as part of the country's IPO programme, Hala El-Said, Minister of Planning and Economic Developm...
Services Account for Nearly 60% of Egypt’s FDI Inflows In FY2022/2023: CBE
Egypt >> 12/3/2023 - The services sector was the top recipient of foreign direct investments (FDI) in Egypt during the fiscal year (FY) 2022/2023, recording $5.94 billion, or 59.16 percent of that year’s total FDI, accord...
Egypt's $3 Billion Loan Programme to Advance Soon: IMF Managing Director
Egypt >> 12/3/2023 - The International Monetary Fund (IMF) is on the verge of advancing with the next steps in Egypt's $3 billion loan programme shortly, Kristalina Georgieva, the managing director of the fund, said.
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Afdb Grants $148 Million to CIB Egypt to Boost Smes And Trade
Egypt >> 12/3/2023 - The African Development Bank (AfDB) announced a financial package of $148 million to support the Commercial International Bank of Egypt (CIB) in its endeavors to strengthen small and medium enterprise...
Egypt Considers EGP 8 Bln Partnership Offers in Real Estate
Egypt >> 12/4/2023 - The Egyptian government is currently reviewing partnership offers worth EGP 8 billion ($258 million) from investors in the real estate sector, Mahmoud Esmat, Minister of Public Business Sector, said.<...
Egypt, AFC to Boost Climate Action, Green Economic Recovery
Egypt >> 12/4/2023 - Egypt looks forward to cooperating with the African Finance Corporation (AFC) to support climate action efforts, and to strength the path of green economic recovery, the Minister of Finance, Mohamed M...
Egypt’s Military Production Ministry, Saudi Arabia's GAMI Sign Mou on Strategic Partnership
Egypt >> 12/4/2023 - A memorandum of understanding (MoU) was signed on Monday between the Egyptian Ministry for Military Production and the Saudi General Authority for Defense Industries to set up a partnership.

...
Trade Minister Participates in COMCEC’s Meetings in Istanbul
Egypt >> 12/4/2023 - Minister of Trade and Industry Ahmed Samir has participated in the 39th ministerial session of the Standing Committee for Economic and Commercial Co-operation of the Organization of the Islamic Cooper...
Global Giant Mastercard, Egypt’s MDP Sign Strategic Alliance to Enhance E-Payments
Egypt >> 12/4/2023 - Global payment technology company MasterCard has entered into a strategic alliance agreement with the Egyptian digital payment company MDP to enhance the payments ecosystem for banks and non-financial...
Egypt’s Tax Revenues Jump Around 35% in Q1 of Current FY2023/24
Egypt >> 12/4/2023 - Egypt’s tax revenue jumped 34.83 percent on an annual basis during the first three months of the new fiscal year (FY) 2023/2024, according to data released by the Ministry of Finance .

The ...
Egypt Lowers GDP Growth Projection for FY 2023/24 to 3.5%: Planning Minister
Egypt >> 12/4/2023 - Egypt has revised down its growth projection for FY 2023/2024 to 3.5 percent, Hala El-Said, minister of planning and economic development, said on Monday.

The figure is 0.7 percent lower th...
120% Surge in Loan Services Payment Push Egypt’s Budget Deficit Higher
Egypt >> 12/4/2023 - Egypt’s budget deficit rose to 3.85 percent of GDP during the first quarter (July-September) of FY 2023/2024, up from 2.05 percent in the corresponding quarter in FY 2022/ 2023.

The surge i...
President Sisi Announces New Formation of Sovereign Fund’s General Assembly
Egypt >> 12/4/2023 - President Abdel-Fattah El-Sisi issued a new regulation on Monday, signaling the reconstitution of the General Assembly of the Sovereign Fund of Egypt (TSFE) under the chairmanship of Prime Minister Mo...
Navigation in Suez Canal Not Affected By Container Ship Breakdown
Egypt >> 12/6/2023 - Suez Canal Authority Chairman Osama Rabie asserted that navigation at the Suez Canal was not affected by the breakdown of the container ship “ONE ORPHEUS”.

In a statement Rabie said that fo...
PM Chairs Meeting With Private Sector
Egypt >> 12/6/2023 - Prime Minister Mostafa Madbouli chaired a meeting of the Supreme Committee for cooperation with the private sector.

The meeting began in noting the great importance of the committee partici...
Military Production Min: We Are Keen on Boosting Cooperation With Russian Companies
Egypt >> 12/6/2023 - State Minister for Military Production Mohamed Salah Eldin Moustafa asserted his ministry's keenness on promoting cooperation with Russian companies.

This came during his meeting on Russia'...
CAPMAS: Egypt‘S Exports to Cyprus Jumps to $70.5 Mln
Egypt >> 12/6/2023 - The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that the value of Egyptian exports to Cyprus increased to $70.5 million during the first nine months of 2023, compared to $5...
Egypt’s Revenues Rise Steadily in Recent Years: Infographic
Egypt >> 12/6/2023 - The Egyptian government’s revenues surged 29.5 percent year-on-year to EGP 335.13 billion ($10.83 billion) during the first three months of the fiscal year (FY) 2023/2024, according to data released b...

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