News
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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.
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Egyptian economic and financial delegation in Washington for IMF talks: What do we know so far?
A high-level delegation from the Egyptian government has arrived in Washington DC to push forward Egypt's almost standstill loan programme.
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Centamin's eastern Egyptian maiden drilling reports strong results
Centamin PLC on Tuesday said that its eastern Egyptian desert exploration programme had yielded an "encouraging set of maiden drill results".
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Driving Inclusive Implementation of AfCFTA: Egypt Eyes 20% Boost in Trade
By bringing together decision-makers and stakeholders from across the continent, the conference aims to facilitate open dialogue.
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Egypt’s New Venture Aims for Billions in Real Estate Revenue
Egypt is set to establish a dedicated company overseeing real estate export and leasing activities, reported state media Al-Ahram.
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Egypt's central bank mandates 24% minimum interest on loans: Sources
The Central Bank of Egypt (CBE) has instructed all banks operating in the country to apply a minimum interest rate of 24 percent on loans.
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Egypt aims to launch digital currency by 2030
Egypt aims to launch a digital currency issued by the Central Bank of Egypt, represented by the digital pound (E-Pound) by 2030.
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Egypt sets EGP 15 mln as minimum capital for fintech startups
The approval is part of a broader initiative to bolster support for fintech startups and promote a business-favorable climate, as per the statement.
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Egypt’s high-speed electric train connects airports, ports and urban areas: Al-Wazir
The high-speed electric train network, which will cover all parts of the country, will serve new and existing urban, touristic and industrial areas.
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Egypt inflation expected to slow in December
Inflation has eased from a historic high of 38.0% in September, but inflation risks are growing again.
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Egypt releases comprehensive economic blueprint for 2024-2030
Strategic roadmap to fortify the Egyptian economy in a turbulent global landscape.
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Kuwaiti edtech Baim acquires Egypt's Orcas
Orcas was founded in 2019 by Hossam Taher and Amira El Gharib and it offers a tailored learning experience to K12 students in international schools.
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Egypt to launch real estate export company targeting $3 billion in revenues
Egypt is set to establish a company focused on managing real estate export and leasing activities.
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Egypt plants 3M wheat feddans since November 2023: Agriculture Minister
Egypt’s wheat imports increased by over 14.5% to 11 million tons in 2023 from 9.6 million tons in 2022.
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Egypt is set to export more strawberries than last season
Egyptian growers have just completed the first half of the strawberry season. The remainder of the fresh strawberry season runs until February.
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205 startups receive LE383.5M from Egypt Ventures over 7 years
Egypt Ventures was founded in 2017 with capital from the Ministry of International Cooperation with a mandate to support and invest in startups.
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Cabinet Spokesman: International Reports Confirm Unrealistic Dollar Rate on Parallel Market
The state is working to increase the dollar and foreign exchange assets to $300 billion annually.
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Egytrans and Links Investment Agree to Establish a Joint Logistics and Transport Company in Lucrative Saudi Arabian Mark
The new company will be poised to enter the transport and logistics industry, offering comprehensive services.
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LUD achieves EGP 2.5bn in sales from The Rift Business Park in Mostakbal City
Moreover, LUD plans to invest EGP 1bn in construction in the current year to speed up the construction process.
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Egypt aims to boost annual FX revenue to $300 bln by 2030
Egypt plans to increase its annual foreign currency revenue from exports, tourism, remittances, foreign direct investments (FDIs), the Suez Canal.