News
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How Egypt achieved comprehensive economic development in 10 yrs
Egypt's Ministry of Planning and Economic Development has been effectively working towards achieving comprehensive economic development over the past decade.
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43% of Egypt's SMEs confident about growth in 2023: Mastercard report
About 43 percent of Egypt's small and medium-sized enterprises (SMEs) are confident about their ability to grow in 2023.
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Italy cancels $100 mln in debt owed by Egypt
This debt swap program between Egypt and Italy serves as a framework for bilateral development cooperation.
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Egypt seeks to enhance investments with Greek and Cyprus
Egypt's Prime Minister, Mostafa Madbouly, meets with Greek and Cypriot counterparts to discuss strengthening investments and cooperation.
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AIIB meets in Egypt to attract climate financing: VP
During its eighth annual meeting in Sharm El-Sheikh, the Asian Infrastructure Investment Bank (AIIB) is aiming to bring more partners on board.
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Saudi Arabia, UAE and Egypt lead $1.9tn hospitality and residential push
Middle East hospitality and residential development boom led by Saudi Arabia, UAE and Egypt.
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Oil and gas rich Egypt launches major new licensing round
Egypt has unveiled a new licensing round, offering up 23 diverse onshore and offshore blocks in proven basins and in frontier areas.
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IFC approves $25 mln loan to boost Egypt's sustainable flat steel manufacturing
The International Finance Corporation (IFC) has approved a $25 million loan to Kandil Steel company to support sustainable flat steel processing.
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Egypt’s presidential elections scheduled for December: NEA
In the event of a runoff, the elections will be held from January 5-7 outside Egypt and from January 8-10 inside Egypt, Hamza explained.
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HEPCA opens three new Hurghada dive sites
Three new dive sites have been established off Hurghada by the Hurghada Environmental Protection and Conservation Association (HEPCA) & Chamber of Diving and Watersports (CDWS) to preserve natural coral reefs due to increased dive tourism.
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Private sector implementing 85% of real estate projects in Egypt in Q2 2023: Report
The Egyptian private real estate sector is developing $180 billion in real estate projects, accounting for 66 percent of total investments.
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Military Production Minister posted on progress in ongoing projects
The minister said the meeting is aiming to discuss the latest developments of joint projects being carried out by the ministry’s companies.
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CBE Completes 3rd Phase to Develop Gov't Securities Market
These procedures contribute to developing, revitalizing and raising the efficiency of dealing with government debt instruments.
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Health Minister probes with his Singaporean counterpart boosting health cooperation
The meeting was held on the sidelines of the High-Level Segment of the 78th Session of the United Nations General Assembly Meetings in New York city.
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Egypt-Switzerland trade rose 7.8% in 2022: Trade minister
Trade exchange between Egypt and Switzerland reached $1.52 billion in 2022, up 7.8 percent from $1.41 billion in 2021.
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Egypt Targets $9 Billion in Oil, Gas Investments within Year
The targeted investments in the petroleum sector until the end of the current fiscal year are estimated at between 8.5 and 9 billion dollars.
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Aswan governorate launches tourism app for ‘the best winter resort in the world’
The new app, he explained, allows tourists to access “all necessary information, such as tourist places, hotels, and hospitals”.
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AIIB’s annual meetings kick off Monday in Sharm El-Sheikh
Egypt hosts the annual meetings of the Asian Infrastructure Investment Bank (AIIB) over two days starting Monday in Sharm El-Sheikh.
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CBE reports total financial position of banks operating in the local market at LE 13.79tn
The Central Bank of Egypt reported that banks in the Egyptian market recorded cash balances of nearly LE 106.241 billion in June 2023. With the local and foreign banks accounting for LE 2.326 trillion and LE 308.623 billion, respectively.
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Egypt and IMF Agree To Merge First Two Reviews Of Economic Reform Program
Egypt has agreed with the IMF to combine the first two reviews of its economic reform program, after the first review experienced multiple delays due to questions over Egypt's progress.