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Egypt’s Food Exports Rose 14% in 2023
Egypt >> 1/29/2024 - Egypt’s food exports increased by 14 percent (about $602 million), reaching all-time high of $5.1 billion in 2023, up from $4.5 billion in a year prior, according to data released by the Food Expert C...
Egypt Considers Issuing UAE Dirham-Denominated Bonds: Finance Minister
Egypt >> 1/29/2024 - Egypt is poised to issue bonds denominated in the UAE dirham, aiming to tap into Gulf markets for the first time, Minister of Finance Mohamed Maait revealed.

Maait explained that the govern...
Transport Min., JICA Official Discuss Existing, Future Projects
Egypt >> 1/30/2024 - Transport Minister Kamel el Wazir discussed with Executive Senior Vice President of Japan International Cooperation Agency (JICA) Junichi Yamada progress made so far in implementing joint projects and...
PM Asserts Importance of Localizing Technology of Electronic Chips Manufacturing in Egypt
Egypt >> 1/30/2024 - Prime Minister Moustafa Madbouli asserted the importance of encouraging investments in the field of localizing technology of manufacturing electronic chips due to its importance in several pivotal ind...
Standard Chartered Bank Launches Operations Officially in Egypt
Egypt >> 1/30/2024 - The UK-based multinational Standard Chartered Bank has officially commenced its banking operations in Egypt, following the receipt of final approval from the Central Bank of Egypt (CBE), according to ...
Egypt’s Real GDP Growth to Recover in FY2024/25 Through IMF’s Financing, Policy Package
Egypt >> 1/30/2024 - Egypt’s real GDP growth is expected to recover, reaching 4.7 percent, in the upcoming fiscal year (FY) 2024/2025, backed by the financing and policy package set by the International Monetary Fund (IMF...
Banque Misr Introduces New USD Debit Card Allowing Purchases Up to $20,000
Egypt >> 1/30/2024 - Egypt's state-owned Banque Misr (BM) has issued a new debit card exclusively for US dollar accounts, named Visa Platinum, enabling account holders to make purchases inside or outside of Egypt with a m...
IMF Lowers Projections for Egypt’s Real GDP Growth in FY2023/2024 to 3%
Egypt >> 1/30/2024 - The International Monetary Fund (IMF) has downgraded its forecasts for Egypt’s real GDP growth in the current FY2023/2024 to three percent, down from the 3.6 percent it projected in October, according...
PM Meets Delegation of Japan's Yazaki Company
Egypt >> 1/31/2024 - Prime Minister Mostafa Madbouli has said the government is paying a greater attention to the role of the private sector in its development action plans.

He added the factory of Yazaki, a Ja...
Private Sector Could Catapult Egypt’s Real GDP Growth to 5-6%: IMF’s Azour
Egypt >> 1/31/2024 - Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), told Ahram Online that Egypt's GDP growth rate could increase by 5-6 percent if the gover...
US Dollar Reaches EGP 72 in Egypt's Parallel Market
Egypt >> 1/31/2024 - The US dollar rate in Egypt’s currency parallel market has soared to a new peak, hitting EGP 72 per USD, multiple sources in the local market reported to Ahram Online.

This unprecedented le...
Conflict in Red Sea Will Weigh on Egypt’s Elevated Financing Needs; Inflation To Soar: IMF
Egypt >> 1/31/2024 - The Red Sea crisis will further elevate public sector gross financing needs for most emerging markets and middle-income countries in MENA, especially Egypt and Tunisia, stated the Regional Economic Ou...
Communication Min Heads to Hungary to Enhance Cooperation in IT Fields
Egypt >> 1/31/2024 - Minister of Communications and Information Technology Amr Talaat headed to the Hungarian capital Budapest, on a two-day visit.

During the visit, the minister will hold meetings with governm...
Egypt Greatly Contributes to Africa's Development Efforts: El Mashat
Egypt >> 1/31/2024 - Minister of International Cooperation Rania el Mashat has said Egypt greatly contributes to efforts aimed at achieving development in Africa either at the bilateral level or through its presidency of ...
Egypt Reduces Public Investments for FY2023/24 By 15 Percent
Egypt >> 1/31/2024 - The Egyptian Cabinet approved a plan to reduce the state budget public investment plan for the fiscal year (FY)2023/2024 by 15 percent, according to a statement.

The Cabinet also decided to...
USD/EGP Forward Contracts Reach All-Time High at EGP 63
Egypt >> 1/31/2024 - he 12-month non-deliverable forward contracts for the Egyptian pound against the US dollar surged to an all-time high of EGP 63, with short-term contracts also following this upward trend, according t...
Global Economy to Grow 3.1 Percent in 2024; Inflation Pressures Ease: Lmf
Egypt >> 2/1/2024 - The global economy is expected to grow by 3.1 percent in 2024 and edge slightly higher to 3.2 percent in 2025, with projections indicating a moderate growth trajectory and a gradual easing of inflatio...
El- Sobky discusses coop. with the French and Japanese entrepreneurs
Egypt >> 2/1/2024 - Chairman of the General Authority for Healthcare (GAH), General Supervisor of the Comprehensive Health Insurance Project Ahmed Al-Sobky, meets, 1-2-2024, with leaders, senior officials and entrepreneu...
PM: IDB Group Among Egypt's Top Development Partners
Egypt >> 2/5/2024 - Prime Minister Moustafa Madbouli Sunday hailed strong relations between Egypt and the Islamic Development Bank Group (IDB Group) that are marked with a successful and extended history of joint project...
IBCU, UEL Sign Agreement to Teach 19 Academic Programs
Egypt >> 2/5/2024 - Minister of Higher Education and Scientific Research Ayman Ashour on Monday witnessed the signing of an agreement between the International Branch of Cairo University (IBCU) and the University of East...

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