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CBE: International Reserves Up By $258M With Foreign Currency Reserves at $36.8B
Egypt >> 7/7/2024 - The Central Bank of Egypt (CBE) revealed that Egypt’s net international reserves (NIRs) rose to around $46.383 billion at the end of June, an increase of $258 million compared to May’s $46.126 billion...
PM Underscores Imp. Role of Investment Ministry in Current Stage
Egypt >> 7/7/2024 - Prime Minister Moustafa Madbouli has stressed the importance of the role played by the Investment and Foreign Trade Ministry in attracting more foreign direct investments (FDIs) and encouraging the pr...
President El-Sisi Issued Directives to Increase Progress Rate in “New Alamein” Projects
Egypt >> 7/7/2024 - Minister of Housing, Utilities and New Urban Communities Sherif el Sherbini said that President Abdel Fattah El Sisi issued directives to increase construction progress rates in projects in the new Al...
Egypt’s Non-Oil Trade Deficit Records $6.4B During Q1 of 2024: IDSC
Egypt >> 7/7/2024 - In the first quarter (Q1) of 2024, Egypt's non-oil trade balance deficit experienced a significant decrease of 22.9 percent, reaching approximately $6.4 billion.

This marks a notable improv...
El Wazir: We Seek to Intensify Local Industry, Attract Investments
Egypt >> 7/8/2024 - Deputy Prime Minister and Minister of Transport and Industry Kamel El Wazir has said his ministry seeks to deepen the local industry and attract more investments, especially to the automotive industry...
Egyptian Abroad Remittances Record $2.7B in May 2024: CBE
Egypt >> 7/8/2024 - During May 2024, remittances sent by Egyptians working overseas experienced a substantial annual increase of 73.8 percent, totaling approximately $2.7 billion.

In comparison, the remittance...
Investment Min: Top Priority Given to Increasing Merchandise Exports to Reach Dlrs 100 Bn Annually
Egypt >> 7/9/2024 - Minister of Investment and Foreign Trade Hassan el Khatib said increasing state's merchandise exports up to 100 million dollars annually is on the the top of the agenda of the ministry.

He ...
13,000 Tons Of Goods Handled to Red Sea Ports
Egypt >> 7/9/2024 - About 13,000 tons of goods were handled at the different Red Sea harbors, the Red Sea Ports Authority (RSPA) said.

In a statement, the RSPA said the imports included 5,000 tons of goods, 34...
Minister: Scaling Up Exports to $100b Is A Priority
Egypt >> 7/9/2024 - Khatib has said such a target can be achieved by promoting export-orientated investments, enhancing the competitiveness of Egyptian products in global markets, opening new markets, leveraging free and...
PM: Gov’t to Work With Ministerial Economic Group to Boost Investments
Egypt >> 7/9/2024 - Prime Minister Moustafa Madbouli said the government will work with the economic ministerial group on short-term files, including pegging prices, cutting inflation rates, upping direct and indirect in...
Egypt Plans to Raise Outsourcing Exports to $9 Bln By 2026
Egypt >> 7/9/2024 - Egypt plans to expand outsourcing service exports to $9 billion by 2026, the cabinet said in a statement, citing a report released by the Information and Decision Support Centre (IDSC).

The...
Egypt Agricultural Exports Jump to $2.9 Bln in 1H 2024
Egypt >> 7/10/2024 - Egypt’s agricultural exports jumped to $2.9 billion in the first half (1H) of 2024, a growth of $600 million compared to the corresponding months of 2023, the Ministry of Agriculture and Land Reclamat...
Egypt Targets $20 Bln for Private Sector Investments
Egypt >> 7/10/2024 - Egypt targets executing $20 billion worth of investments by the private sector during the current FY2024/2025, President of the General Authority for Investments and Free Zo (GAFI) Hossam Heiba said d...
Egypt Annual Headline Inflation Keeps Downward Path in June: CAPMAS
Egypt >> 7/10/2024 - Egypt’s headline annual inflation rate kept its downturn path in June, for the fourth consecutive month, decelerating to 27.1 percent compared to 27.4 percent seen in May, the Central Agency for Publi...
Agricultural Exports in 1st Half of 2024 Reached 4.9 Million Tons
Egypt >> 7/10/2024 - Ministry of Agriculture announced that the total agricultural exports in the first half of 2024 reached 4.9 million tons, with an increase of 300,000 tons in comparison with same period in 2023.
Special Committee Formed to Study Program of New Govt Holds 2 Meetings
Egypt >> 7/10/2024 - The special committee formed to study the policy statement of the new government will hold two meetings to answer questions on government program.

The first meeting will be held in presence...
Cabinet Weekly Discusses President Sisi's Directives, Number of Key Files
Egypt >> 7/10/2024 - Prime Minister Moustafa Madbouli chaired the first weekly meeting of the newly-appointed government at the headquarter of the government in the New Administrative Capital (NAC) to discuss directives o...
PM, UAE Minister of Industry Discuss Localization of Renewable Energy Industries
Egypt >> 7/14/2024 - Prime Minister Mostafa Mabdouli convened a meeting, to discuss collaborative efforts in the field of new and renewable energy between Egypt and the United Arab Emirates, focusing on the localization o...
Egyptian Exporters to Receive Egp 3 Bln of Their Arrears
Egypt >> 7/14/2024 - The Ministry of Finance will cash approximately EGP 3 billion 18 July as part of the government's support to exporters who benefit from the seventh round of the Immediate Cash Payment initiative.
<...
PM Decides to Establish Roles of Economic Ministerial Group
Egypt >> 7/14/2024 - Prime Minister, Mostafa Madbouly, has issued a decree to establish and define the roles of the economic ministerial group.

According to the decree, the group will be led by the Prime Minist...

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