News
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PM: Gov't Considers Providing Incentives to Attract Investments from Egyptians Abroad
Madbouly added that these initiatives will be promoted in a way that ensures the expansion of the base of their beneficiaries.
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Egypt's central bank issues LE 46.75B in T-bills, bonds
The Central Bank of Egypt (CBE) issues LE 46.75 billion in treasury bills and bonds in two installments.
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Lower imports cuts Egypt’s trade deficit by 23.6 percent in FY2022/23
Egypt’s trade deficit declined by 23.59 percent during the fiscal year 2022/2023, primarily due to a significant decline in non-oil imports.
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Egypt Surpasses Deficit with Surplus of $882M in FY2022/2023
Egypt reverses its FY2021/2022 fiscal deficit, benefiting from a thriving tourism sector and Suez Canal revenues, achieving a surplus of $882M in FY2022/2023, says the Central Bank of Egypt.
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DMZ Cairo's Demo Day 2023 lights up Egypt's innovation scene
10 startups took the stage to pitch their innovative ventures to a diverse audience of potential investors, partners, and customers.
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Egypt, Turkey probing trade in local currencies: Official
The Central Bank of Egypt (CBE) is probing whether to allow trade with Turkey in local currencies, said Yahya El-Wathiq Billah.
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Egypt Sees 30% Increase in Israeli Gas Imports for Export Purposes
Egypt projects a 30% surge in Israeli gas imports for export purposes, following an Egyptian-Israeli-European gas agreement.
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A look at the Benban solar project, hailed as best in the world
Named the best in the world in terms of operating efficiency, the project won the Government Excellence Award and received global attention.
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Moody's change of Egypt's future outlook to stable reflects gov’t efforts: Maait
Maait stressed that, despite Moody's decision, the Egyptian economy exhibited “robust” financial performance during FY2022/23.
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Washington suspends military aid worth US$235 million to Cairo
US Senate Foreign Relations Committee Chairman, Ben Cardin, announces the suspension of US$235 million military aid to Egypt.
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From Vision to Reality: Egypt's booming electronics sector sees 7 Key projects
Egypt's Ministry of Communications and Information Technology has unveiled several initiatives, including seven key projects, investing EGP 643 million to strengthen its electronics manufacturing sector.
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"Our Heritage" Handicrafts Exhibition to Kick off on Oct.8
The participants will display various traditional handicrafts that characterize each of Egypt’s governorates.
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Egypt’s tourism revenues hit a record $13.6 bln in FY 2022/2023
Egypt’s tourism revenues hit a record high of $13.6 billion in FY2022/2023, up by 26.8 percent from $10.7 billion in FY2021/2022.
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Egypt’s President And AIIB Discusses Clean Energy Collaboration And Development Partnership
President El-Sisi expressed Egypt’s deep appreciation for its strong relationship with the AIIB, highlighting the bank’s significant role.
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IMF chief says Egypt review may happen before the end of 2023
The International Monetary Fund is “closely” engaging with the Egyptian authorities to achieve the much-delayed review of Egypt’s progress.
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Egypt to offer stakes in state-owned petrochemicals within 2 months
The government will offer shares in state-owned petrochemical companies and Wataniya fuel stations in the next two months.
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EGP 11.6 billion in government investments in FY 2023/2024 for North, South Sinai
Egypt's Minister of Planning and Economic Development, Hala al-Said announced EGP 11.6 billion investments in the fiscal year 2023/2024, targeting improvements in living standards and income across different regions and governorates.
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Egypt’s Rapid Growth in Tomato Paste Exports Overshadowed by Lost Opportunities in Fresh Market
Egypt reached record revenue from tomato paste exports in 2022 yet losing chances in the fresh tomato segment. This comes amidst rising global demand and changing market dynamics. Read more to explore the opportunities and challenges.
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Better Cotton And Cotton Egypt Association Inaugurate Renewed Strategic Partnership At Multistakeholder Event In Cairo
Participants discussed opportunities to collaborate and what is required to increase the uptake of more sustainable Egyptian cotton.
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Egypt's first nuclear unit has core catcher installed
A major development in Egypt's nuclear power sector: the core catcher has been successfully installed in the first unit at the El Dabaa nuclear power plant.