News
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Egypt's dollar bonds rally after Yellen signals support
Last month, the IMF appeared to shift its emphasis from the exchange rate to inflation targeting.
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Egypt, Saudi Arabia sign MoU for mineral exploration
Alkhorayef affirmed the joint commitment to strengthen collaborative mining efforts and facilitate the private sector’s investment in mining.
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ACWA power, Hassam Allam Utilities partner for $1.5 billion wind power project
Secured for up to 25 years, the ACWA Power led consortium will help secure financing and find land for a massive new wind farm.
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Egypt, Bahrain bolster economic ties at Integrated Industrial Partnership meeting
Egypt's Minister of Trade and Industry Ahmed Samir held a meeting with his Bahraini counterpart Abdullah bin Adel Fakhro.
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Egypt's Qalaa Holdings to establish 2 railway lines in Eastern Africa
The meeting tackled establishing a logistic zone in Rwanda to store Egyptian exports.
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Egypt's PM Discusses with Maersk Officials Latest Developments in Red Sea
This came during a discussion between the prime minister Wednesday, via video conference, with officials of shipping Giant “Maersk" group.
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Egyptian private equity firm Ezdehar Management acquires 80%+ stake in apparel company behind Dalydress and Premoda
Local private equity firmEzdehar Management has purchased above 80% stake in clothing company SETA Textiles.
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World Bank mission visits Egypt to discuss state ownership policy and financing
A mission from the World Bank arrived in Egypt on Tuesday for a multi-day visit to discuss the development of the country's State Ownership policy.
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JP Morgan to exclude Egypt from emerging market gov't bond index by end of January
Egypt has been under index surveillance since September 21, 2023, due to issues related to reported difficulties.
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SDX Energy: Major partnerships and asset sales in Morocco and Egypt
SDX Energy secures key partnerships and asset sales in Morocco and Egypt, enhancing operations and financial position significantly.
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Egypt's economic strategy for 2024-2030
The Egyptian government launched in January a comprehensive eight-direction economic strategy for the period 2024-2030.
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Proceeds of new CDs exceeded LE 32 billion in 3 days
The source added that NBE’s proceeds exceeded LE17 billion, while Banque Misr’s reached about LE15 billion on Monday.
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Sout Sharq Launches First Egyptian Distribution Platform
We sat down withh Seif Madih, Founder of Sout Sharq, to discuss how the company aims to compete with global industry giants of music distribution.
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Egypt’s plastic products export reaches $1.7bn in 2023: CEC
The CEC announced the opening of the PLASTEX 2024 and the Egypt Plast 2024 exhibitions from 12 January and cover 30,000 sqm in three halls.
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World Bank slightly downgrades Egypt’s growth forecast for 2024
The World Bank downgraded its forecasts for Egypt’s real GDP growth for 2024 to 3.5 percent from 3.7 percent in a previous estimate.
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Maxim Investment Group to establish Egypt's 1st medical resort at LE1.5B
The resort will be built on 40 feddans at LE1.5 billion, creating 4,500 jobs. 'Naya Medical Resort' will be developed and operated by MIG in Giza.
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Yellen to meet with Egypt's finance minister, central banker Tuesday
U.S. Treasury Secretary Janet Yellen will meet with top Egyptian finance officials in Washington on Tuesday.
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Pakistan seeks tenfold trade increase with Egypt: Minister
Pakistan seeks to increase trade exchange with Egypt by tenfold in the coming few years, said Gohar Ejaz, Pakistani Federal Minister for Industries.
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Photos: Unique tombs unearthed in Upper Egypt
A Spanish mission found tombs dating back to the Ptolemaic and Roman eras and mummies from the Roman era in Minya.
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BRICS expansion boosts global economic balance, Global South development: Egyptian expert
The historic expansion of BRICS to include five new members helps create a more balanced global economy.