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Alshaya Group Closes Down Debenhams, Mothercare, The Body Shop in Egypt
Egypt >> 1/17/2024 - The Kuwaiti Alshaya Group, a key regional operator overseeing renowned brands such as American Eagle, H&M, and Victoria’s Secret, decided to scale down operations in Egypt, closing some stores in resp...
Egypt Holds First Public Discussion on Economic Strategy for 2024-2030
Egypt >> 1/17/2024 - The cabinet’s Information and Decision Support Centre (IDSC) launched the first national dialogue session on the eight-direction document of Egypt's economic strategy for 2024-2030.

The ses...
Wto Head 'Less Optimistic' for World Trade Due to Red Sea Strikes
Egypt >> 1/17/2024 - The World Trade Organization's chief Ngozi Okonjo-Iweala said she was "less optimistic" about world trade in 2024, pointing to tensions in the Red Sea.

The head of the international trade b...
Egypt's agriculture exports increase by $239.2M during 2023: CAPMAS
Egypt >> 1/18/2024 - Egypt's agriculture exports achieved an increase of $239.2 million during the period from January to October 2023, according to data released by the Central Agency for Public Mobilization and Statisti...
Egypt Releases Strategic Economic Plan (2024-2030) for National Dialogue
Egypt >> 1/20/2024 - Prime Minister Mostafa Madbouly has ordered the release of a new economic plan for the country's next six years.

The plan, which is titled "The Most Important Strategic Directions for the E...
PM Inspects Electricity Distribution Panel at "Fares" Village in Kom Ombo
Egypt >> 1/20/2024 - Prime Minister Moustafa Madbouli inspected a project of electricity distribution panel at “Fares” Village as part of “Decent Life” projects in Kom Ombo.

This came as part of Madbouli visit ...
PM Inspects Alternative Axis for Aswan Reservoir Project
Egypt >> 1/20/2024 - Prime Minister Moustafa Madbouli inspected Alternative Axis for Aswan Reservoir during his visit to the Upper Egypt governorate of Aswan to inspect a number developmental and service projects.

...
PM Inspects Egypt Creativity Digital Center in Aswan
Egypt >> 1/20/2024 - Prime Minister Mostafa Madbouli commended the active role of Egypt Creativity Digital Center (Creativa) in Aswan governorate.

The Creativa Innovation Hub is setting the stage for promoting ...
Minister: Efforts Underway to Expand Aircraft, Ship Catering Services at Egyptian Ports
Egypt >> 1/20/2024 - Minister of Petroleum and Mineral Resources Tarek el Molla has directed officials of the Misr Petroleum and Cooperation Petroleum companies to proceed with development works to keep pace with modernit...
Dollar Exchange Rate Stable at Start of Sunday's Transactions
Egypt >> 1/21/2024 - The dollar exchange rate was stable at the start of transactions, January 21st, at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 3...
Egypt's Exports to Somalia Surge By 27.7% in 2023: CAPMAS
Egypt >> 1/21/2024 - The value of Egypt's exports to Somalia marked a growth of 27.7 percent during the period from January to November 2023, to reach $54 million, compared to $42.3 million during the same period of 2022,...
Finance: Treasury Supports Employees in Governorates’ Private Funds
Egypt >> 1/21/2024 - Egyptian Minister of Finance Mohamed Maeet said the State’s public treasury bore LE2.2 bn in support of salaries of workers in the governorates’ private funds covering nine months within the period st...
Egypt's NBE Generates EGP 2 Billion in Exit Deals in 2023
Egypt >> 1/21/2024 - The National Bank of Egypt (NBE), Egypt's largest state-owned bank, has amassed around EGP 2.1 billion through the execution of five exit deals across various economic sectors in 2023, Ahmed El-Said, ...
Egypt Bourse Gains EGP 18 Billion
Egypt >> 1/22/2024 - Egyptian Exchange (EGX) indexes posted collective gains at the close of Monday's trading session, backed by purchases by Arab and foreign institutions and investment funds, against sales by local inst...
SCA Announces Its Services to Minimize Impact of Situation in Bab El-Mandab
Egypt >> 1/22/2024 -  Chairman and Managing Director of the Suez Canal Authority, Admiral Ossama Rabiee has announced the Authority’s readiness to cooperate with its client shipping lines and shipping agencies to minimize...
Egypt Inks Agreement With Italy for Ro-Ro Cargo Line
Egypt >> 1/22/2024 - Egypt signed an agreement with Italy for cargo transport through the roll-on/roll-off (Ro-Ro) system capacity of 420 trucks every week between the ports of Damietta and Trieste, according to a stateme...
Egypt's Custom-Free Gold Imports Reach 3.8 Tons in Eight Months
Egypt >> 1/22/2024 - Egypt’s imports of customs-free gold recorded approximately 3.8 tons over eight months, El-Shahat Ghatouri, head of the Egyptian Customs Authority (ETA), said.

In May, the government approv...
PM Orders Feasibility Study be Outlined for City of Hospitals
Egypt >> 1/22/2024 - The Commercial International Bank (CIB) has issued new premium certificates of deposits (CDs) that offer a fixed monthly yield of up to 22 percent, according to the bank’s website.

To acqui...
Egypt Lost $150 Mln Due to Red Sea Disruptions
Egypt >> 1/22/2024 - Egypt has lost about $150 million in Suez Canal revenue due to ongoing Red Sea disruptions, according to Bloomberg’s Chief Emerging Markets Economist Ziad Daoud.

In a research note posted o...
Moody's Expects IMF Loan Programme for Egypt to Increase to $10 Bln
Egypt >> 1/22/2024 - Global credit rating agency Moody's has expected the International Monetary Fund (IMF) to increase its existing $3 billion loan programme for Egypt to $10 billion, according to a recent report by the ...

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