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AUC Business School Dean Appointed on CBE Board of Directors
Egypt >> 12/6/2023 - The American University in Cairo (AUC) announced that Sherif Kamel, dean of the School of Business Administration, has joined the Board of Directors of the Central Bank of Egypt (CBE) as a financial e...
Higher Debt Service Bill to Widen Egypt’s Budget Deficit in FY2023/2024: Report
Egypt >> 12/6/2023 - Egypt’s budget deficit will increase by one percent in the fiscal year (FY) 2023/2024 to account for 7.1 percent of GDP, up from 6.1 percent in FY2022/2023, due to the increase in debt service payment...
Fewer Exports Widen Egypt’s Trade Deficit By 10.3% in September
Egypt >> 12/6/2023 - Egypt’s trade deficit increased by 10.3 percent to reach $3.24 billion in September compared to $2.84 billion in the same month last year, according to the data released by the Central Agency for Publ...
Cabinet Weekly Meeting Reviews Important Files
Egypt >> 12/7/2023 - The Egyptian Cabinet held its weekly meeting – under Prime Minister Moustafa Madbouli to discuss an array of political, economic and social files.

The latest developments in the internation...
Emirati Energy Giant Mubadala Seeks to Expand in Egypt
Egypt >> 12/9/2023 - The Emirati energy company Mubadala is seeking to inject new investments in Egypt, CEO Mansoor Al-Hamed stated during a meeting with Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla...
Housing Minister Chairs Meeting for NUCA
Egypt >> 12/9/2023 - The New Urban Communities Authority (NUCA)'s Board of Directors approved during its meeting under the chairmanship of Housing Minister Essam el Gazzar to provide facilities to companies, investors, an...
Wazir Discusses With Hungarian Company Supply of 1,350 Coaches to ENRA
Egypt >> 12/9/2023 - Minister of Transport Kamel El Wazir discussed with Shaba Toro, Chairman of the Hungarian Ganz Ma-Vag Company, the schedule of delivering 1,350 coaches to the Egyptian National Railways Authority (ENR...
Finance Minister: President Sisi Adopts Biggest Project to Improve Healthcare Service Provision
Egypt >> 12/9/2023 - President Abdel Fattah El Sisi is adopting the implementation of the biggest project to improve the healthcare service provision in Egypt through implementing the comprehensive health insurance system...
PM Madbouli: 2nd Indian Ocean Region Forum Comes at Very Important Time
Egypt >> 12/9/2023 - Prime Minister Moustafa Madbouli lauded the Chinese government's efforts in organizing the second conference of its Indian Ocean Region (IOR) Forum that comes at a very important time when there is an...
Nigeria to Plant 10 Million Mangrove Seedlings in Next 3 Years: Minister of State for Environment
Egypt >> 12/9/2023 - DUBAI, 9th December, 2023 (WAM) -- Dr. Ishaq Salako, Minister of State for Environment in the Federal Republic of Nigeria, said that Nigeria, the third-largest country in the world in terms of the amo...
Global Aerospace Companies to Report 10 Percent Higher Profit in 2024: IATA
Egypt >> 12/10/2023 - The profits of global aerospace companies are expected to surge by 10 percent to $25.7 billion in 2024 from $23.3 billion in 2023, according to a report by the International Air Transport Association ...
Egypt Allocates EGP 100.7 Billion to Manufacturing Industries Sector in FY2023/24
Egypt >> 12/10/2023 - The Egyptian government has allocated EGP 100.7 billion in investments for the country's manufacturing industries sector during the current fiscal year (FY) 2023/24, said Minister of Planning and Econ...
Egypt's Annual Core Inflation Decelerates By 2.2 Percent in November
Egypt >> 12/10/2023 - Egypt's annual core inflation rate decelerated by 2.2 percent in November, recording 35.9 percent, down from 38.1 percent in October, according to the data released by the Central Bank of Egypt (CBE) ...
Egypt Likely to Receive $20 Bln Financing Over Four Years: Report
Egypt >> 12/10/2023 - Egypt is likely to receive $20 billion in loans and investments from the International Monetary Fund (IMF) and other entities over four years, according to a recent report by brokerage firm Cairo Capi...
Egypt Forges Partnership With World Bank to Boost Climate-Smart Agriculture
Egypt >> 12/10/2023 - Egypt’s Ministry of International Cooperation formed a partnership with the World Bank to incentivize innovation in climate-smart agriculture (CSA), according to a ministerial statement .

T...
Egypt's Exports Surge 19.4% in 2022, Exceeding $52 Bln: CAPMAS
Egypt >> 12/10/2023 - Egypt’s exports increased by 19.4 percent in 2022 to reach $52.1 billion, up from $43.6 billion in 2021, according to the data released by the Central Agency for Public Mobilization and Statistics (CA...
Egypt’s Annual Headline Inflation Cools to 36.4% in November: CAPMAS
Egypt >> 12/10/2023 - Egypt’s annual headline inflation decelerated to 36.4 percent in November, down from 38.5 percent a month prior, according to the data released by the Central Agency for Public Mobilization and Statis...
Fouad: Egypt Keen on Encouraging Private Sector Contribution to Renewable Energy Production
Egypt >> 12/12/2023 - Environment Minister Yasmine Fouad said Egypt is keen on encouraging the private sector to engage in expanding renewable energy production through offering many incentives in this domain.

S...
PM Hails Outcome of Controlling Markets And Commodity Prices Committee
Egypt >> 12/12/2023 - Prime Minister Mostafa Madbouli asserted on Monday the importance of the role of the committee for controlling markets and commodity prices and its outcome and results contributing to supporting the s...
Egypt’s Average Inflation to Decline to 27.4 Percent in 2024: Report
Egypt >> 12/12/2023 - Egypt’s average inflation is expected to decline to 27.4 percent in 2024 from 34.1 percent in 2023, according to a report by BMI Research, a subsidiary of Fitch Solutions.

The report based ...

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