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PM commends strategic relations between Egypt, France
Egypt >> 6/24/2024 - Prime Minister Mostafa Madbouli commended the historical and strategic relations between Egypt and France in different political, economic and cultural fields.

Madbouli made the remarks dur...
PM Follows Up on Recent Developments of Price Reduction Initiative
Egypt >> 6/24/2024 - Egypt's commercial chains have seen a series of price reductions since the initiation of the price reduction initiative.

The Cabinet's statement reveals that these reductions have varied be...
World Bank Announces $700 Mln Development Financing for Egypt
Egypt >> 6/24/2024 - The World Bank (WB) has announced $700 million in Development Policy Financing (DPF) for Egypt to support the country’s shift towards more private sector participation, better macroeconomic and fiscal...
European Stocks Rise, Nvidia Drags Down Nasdaq
Egypt >> 6/24/2024 - European stock markets rebounded despite jitters over the first round of French elections taking place this weekend.

However shares in Nvidia fell by more than six percent as the AI darling...
Egypt Mobilizes $2 Bln in Budget Support from Ifis And Partners to Support Structural Reforms
Egypt >> 6/24/2024 - Egypt has mobilized $2 billion in financings over the past few months, following negotiations with International Financial Institutions (IFIs) and multilateral and bilateral development partners, Mini...
Foreign Exchange Stability in Egypt Hinges on Continued US Dollar Inflows Into The Market: Experts
Egypt >> 6/24/2024 - The Egyptian pound's performance against the US dollar has fluctuated since the last depreciation of the local currency by the Central Bank of Egypt (CBE) on 6 March in line with its commitments to a ...
Egyptair Among Skytrax's Top 100 Companies
Egypt >> 6/25/2024 - EgyptAir claimed 88th position from the ranking of the top 100 companies in the world within the classification of "Skytrax Global Airlines".

EgyptAir also obtained the first position in Af...
PM: Dlrs 1 Bn Needed for Confronting Power Crisis
Egypt >> 6/25/2024 - Prime Minister Moustafa Madbouli said dlrs 1 billion is needed for overcoming the power cut crisis in Egypt this summer.

He said the government has drawn up a plan for confronting the unpre...
Egypt's Sovereign Sub-Fund for Education to Establish An Investment Company
Egypt >> 6/25/2024 - Minister of Planning and Economic Development, Hala El-Said, has revealed that Egypt's sovereign sub-fund for education is set to establish an investment and management company in the education sector...
GAFI Hosts Egyptian-British Business Forum for Investment in Infrastructure
Egypt >> 6/25/2024 - The General Authority for Investment and Free Zones (GAFI) hosted the Egyptian-British Business Forum for Investment in Infrastructure that was attended by 30 British firms as well as major Egyptian ...
Japan's SARAYA to Inaugurate 3 Factories at Egypt's Sczone
Egypt >> 6/25/2024 - Japan's SARAYA for sanitation and health products will inaugurate an industrial complex, comprising four factories worth $12 million, at the Suez Canal Economic Zone (SCzone) and whose production will...
Egyptian Gov't Revises Egypt-EU Investment Conference Preparations
Egypt >> 6/25/2024 - The Egyptian government revised on Monday the latest preparations for the Egypt-EU Investment Conference set to be held in Cairo, inaugurated by President Abdel-Fattah El-Sisi and the European Commiss...
Smes Acquire Lion Share of Private Sector in Egypt
Egypt >> 7/2/2024 - Small and medium-sized enterprises (SMEs) acquire 98 percent of the private sector landscape in Egypt, employing over 47 million of the country’s population who are eligible to work.

These ...
Egypt's New Finance Minister Pledges Strong Support for Private Sector Growth
Egypt >> 7/3/2024 - Egypt's newly appointed Minister of Finance, Ahmed Kouchouk, outlined a comprehensive vision aimed at bolstering economic stability and fostering a resilient economic future in a statement following t...
EGX Gains EGP 20 Bn at Beginning of Trading on Back of Govt Reshuffle
Egypt >> 7/3/2024 - The Egyptian Exchange (EGX) gained about 20 billion pounds at the beginning of trading amid optimism among investors about the new government reshuffle.

The EGX 30 benchmark index was up by...
Ecfa Chairman: Egyptian-Chinese Partnership Example to Follow Globally
Egypt >> 7/3/2024 - Chairman of the Egyptian Council for Foreign Affairs (ECFA) Mohamed el Orabi said that the strategic partnership between Egypt and China sets an example to follow globally in the different economic, i...
Romanian Amb: Investment Conf. Succeeds in Luring Eu Companies to Invest in Egypt
Egypt >> 7/3/2024 - Romanian Ambassador in Cairo Olivia Toderean asserted that the 2024 Egypt-EU Investment Conference succeeded in attracting hundreds of European companies which are searching for new chances in Egyptia...
Cbe Governor Signs We-Fi Code to Support Female Entrepreneurs
Egypt >> 7/3/2024 - Governor of the Central Bank of Egypt (CBE) Hassan Abdalla signed the code of the Women Entrepreneurs Finance Initiative (We-Fi) with the European Bank for Reconstruction and Development (EBRD).
CBE: Bank Finance Portfolios for Msmes Grew By 362% in 6 Years
Egypt >> 7/6/2024 - The Central Bank of Egypt (CBE) announced that banks' finance portfolios for micro, small, and medium-sized enterprises (MSMEs) grew by 362% in six years (December 2015 to December 2023).

I...
Irrigation Minister Lauds Fruitful Cooperation With UNDP
Egypt >> 7/6/2024 - Irrigation and Water Resources Minister Hani Sewilam has praised current good cooperation between the ministry and the United Nations Development Program (UNDP).

The minister’s remarks came...

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