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Egypt To Build Integrated Urban Project On State-Owned Lands: Minister
Egypt >> 12/18/2023 - The Egyptian government will build a comprehensive urban project on 2,000 acres in southern Cairo previously belonging to the state-run Iron and Steel Company, Minister of Public Sector, Mahmoud Esmat...
EIB, Afdb Support Launch of African Pharmaceutical Technology Foundation
Egypt >> 12/18/2023 - Africa advanced efforts to develop an independent drug industry after Rwanda agreed to host the African Pharmaceutical Technology Foundation (APTF) in partnership with the European Investment Bank (EI...
Egypt’s ACUD Promises to Offer New Green Building Incentives By End of 2023
Egypt >> 12/18/2023 - Administrative Capital for Urban Development (ACUD), the operator of Egypt’s new mega capital, is set to offer new green building incentives by the end of 2023, Chairman Khaled Abbas stated during a p...
Egypt’s Exports to Africa Rise 13 Percent in 10 Months
Egypt >> 12/18/2023 - Egypt’s exports to Africa surged 13 percent year-on-year (YoY) to $6 billion between January and October, Minister of Trade and Industry Ahmed Samir stated.

Top Egyptian exports to Africa w...
Egyptian Leading Developer TMG Finalizes $882 Mln Deal to Acquire Seven State-Owned Historic Hotels
Egypt >> 12/20/2023 - Egyptian leading real estate developer Talaat Mostafa Group (TMG) announced that its hotel arm, ICON, has finalized an $882 million deal to acquire a 39 percent stake in Legacy Hotels, which owns seve...
El Arish Airport Receives 5 Planes Laden With 131 Ton Aid to Gaza
Egypt >> 12/20/2023 - El Arish International Airport received five planes laden with 131 tons of aid relief, including medical supplies and equipment.

In statements, the head of the Egyptian Red Crescent branch ...
PM Reviews Timeline of Green Hydrogen Project
Egypt >> 12/20/2023 - Prime Minister Moustafa Madbouli met on Wednesday with representatives of Saudi Arabia’s ACWA Power to discuss the timeline for implementing a green hydrogen project at the Suez Canal Economic Zone (S...
Egypt Secures $5.6 Bln from Selling Stakes in 14 State-Owned Companies
Egypt >> 12/20/2023 - Egypt has secured $5.6 billion from the partial and full sale of stakes in 14 state-owned companies, Prime Minister Mostafa Madbouly stated in a press conference.

Madbouly stated that the g...
Egypt Imports 50,000 Tons of Sugar Amid Price Increase
Egypt >> 12/20/2023 - Egypt's General Authority for Supply Commodities (GASC) has imported 50,000 tons of raw sugar to be delivered in February 2024 amid an alarming price increase in the local market, according to a Cabin...
EBRD Provides $100 Mln Loan To National Bank Of Egypt
Egypt >> 12/20/2023 - The European Bank for Reconstruction and Development (EBRD) announced providing a $100 million loan to the National Bank of Egypt (NBE) to finance Egyptian private micro, small, and medium enterprises...
Egypt Initiates Negotiations With India for Rupee-Denominated Bonds: Finance Minister
Egypt >> 12/20/2023 - Egypt has initiated negotiations with India to explore the possibility of issuing rupee-denominated bonds in the Indian markets, Minister of Finance Mohamed Maait said during a press conference.
Dubai Chambers Organises 6 Legal Awareness Workshops With Over 350 Participants
United Arab Emirates >> 12/20/2023 - DUBAI, 21st December, 2023 (WAM) -- Dubai Chambers has hosted six workshops covering various legal topics to empower businesses in Dubai.

Attended by 350 participants, the workshops were or...
Egyptian Leading Developer TMG Finalizes $882 Mln Deal to Acquire Seven State-Owned Historic Hotels
Egypt >> 12/21/2023 - Egyptian leading real estate developer Talaat Mostafa Group (TMG) announced that its hotel arm, ICON, has finalized an $882 million deal to acquire a 39 percent stake in Legacy Hotels, which owns seve...
Egypt In Talks With IMF for New Timeframe: PM
Egypt >> 12/21/2023 - The Egyptian government is in talks with the International Monetary Fund (IMF) for a new timeline for the loan deal, Prime Minster Mostafa Madbouly said in a press conference.

“There could ...
PM Reviews Proposal by Chinese Company to Benefit from Waste Water
Egypt >> 12/21/2023 - Prime Minister Moustafa Madbouli reviewed a proposal offered by a Chinese company to benefit from waste water of water desalination projects to extract minerals.
CBE’s MPC Keeps Key Interest Rates Unchanged as 2023 Ends
Egypt >> 12/23/2023 - The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to keep key interest rates unchanged.

This leaves the overnight deposit rate at 19.25 percent, the overnight lendi...
CBE’s MPC Keeps Key Interest Rates Unchanged as 2023 Ends
Egypt >> 12/23/2023 - The European Bank for Reconstruction and Development (EBRD) has announced its decision to provide the National Bank of Egypt (NBE) with a senior unsecured loan of up to $100 million. NBE will utilize ...
GAFI Trains Cadres of 18 African Countries on Investment Promotion Mechanisms
Egypt >> 12/23/2023 - The General Authority for Investment and Free Zones (GAFI) in cooperation with the Egyptian Agency of Partnership for Development in the Foreign Ministry organized a training program for administrativ...
Deputy Housing Minister: Unprecedented Leap in Utilities Sector
Egypt >> 12/23/2023 - Deputy Housing Minister Sayed Ismail said that the utilities sector has witnessed an unprecedented leap in the implementation of projects and improving the services provided to citizens.

He...
Market Watch: EGX Tumbles on Sunday; Gold Prices Reach New Highs
Egypt >> 12/23/2023 - The Egyptian Exchange (EGX) indices tumbled at the first session of the week and the market cap lost EGP 18 billion.

Gold prices are still rising and 21-carat gold achieved a new high at EG...

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