News
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Egypt is considering issuance of Masala bonds worth $50M in 2024
Maait said he hopes to raise between $500 million and $1 billion through sustainability bonds in 2024.
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Egypt’s PMI for non-oil business rises in November for sixth time in 2023
Egypt’s Purchasing Managers Index (PMI) for the non-oil private sector rose slightly in November to 48.4 points compared to 47.9 points in October.
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NTRA launches initiatives for persons with disabilities
On the occasion of the International Day of Persons with Disabilities (IDPD), which falls on 3 December, NTRA announced several initiatives.
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120% surge in loan services payment push Egypt’s budget deficit higher
Egypt’s budget deficit rose to 3.85 percent of GDP during the first quarter (July-September) of FY 2023/2024, up from 2.05 percent.
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Valu and GSK Launch First-of-its-Kind Partnership in the Egyptian Pharmaceutical Industry
Valu and GSK aim to create a more inclusive and equitable healthcare ecosystem, aligning with their shared vision of advancing public health.
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Egypt, AFC to boost climate action and green economic recovery
The Minister expressed Egypt's willingness to enhance the contribution of AFC to providing financing to Egyptian heavy industries.
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Global giant MasterCard, Egypt’s MDP sign strategic alliance to enhance e-payments
Global payment technology company MasterCard has entered into a strategic alliance agreement with the Egyptian digital payment company MDP.
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Egyptian guava and mango exports to EU triple in last 5 years
From January to September 2023, nearly 1,500 tons of mango and guava were imported from Egypt to the EU.
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Egypt’s tax revenues jump around 35% in Q1 of current FY2023/24
Egypt’s tax revenue jumped 34.83 percent on an annual basis during the first three months of the new fiscal year (FY) 2023/2024.
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PayTabs partners with mnGm to initiate card acceptance for gold purchases online in Egypt
This collaboration introduces card acceptance for gold purchases online for the very first time in the country.
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China, Egypt send jointly made MisrSat-2 satellite into orbit
The MisrSat-2 was assembled inside Egypt with Chinese support, making it the first Egyptian-made satellite.
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Egypt lowers GDP growth projection for FY 2023/24 to 3.5%: Planning minister
Egypt has revised down its growth projection for FY 2023/2024 to 3.5 percent, Hala El-Said, minister of planning and economic development, said.
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EUI celebrates graduation of first batch of ‘Egypt Manufactures Electronics’ initiative
The programme aimed to prepare qualified graduates in the field of electronics manufacturing, a key sector for the future of the Egyptian economy.
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President Sisi announces new formation of sovereign fund’s general assembly
President Abdel-Fattah El-Sisi issued a new regulation on Monday, signaling the reconstitution of the General Assembly of the Sovereign Fund of Egypt.
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Elsewedy & Futurefert Partner on Green Fertilizer Project
The agreement represents a notable step towards sustainable and decarbonized agriculture in Egypt.
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Egypt to host African Centre of Excellence for Climate Change Resilience, Adaptation
The centre was proposed by Egypt during its presidency of the African Union as an initiative to strengthen African efforts in adaptation.
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Egypt signs letter of intent to join Battery Energy Storage Systems Alliance
Egypt’s signature brings the number of joining countries to 10 countries, as the letter of intent was signed by minister of intl cooperation.
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Egyptian Mercantile Exchange’s board names CEO, Managing Director
The Board of Directors of the Egyptian Mercantile Exchange (EMX) appointed Hossam El-Garrahy as CEO and Managing Director.
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Egypt considers EGP 8 bln partnership offers in real estate sector: Minister
The Egyptian government is currently reviewing partnership offers worth EGP 8 billion ($258 million) from investors in the real estate sector.
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How Egypt is breaking into EU with mango and guava exports
From January to September 2023, nearly 1,500 tons of mango and guava were imported from Egypt to the EU.