News
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Food Africa and pacprocess MEA to launch in December with an even larger area
Following the success of Food Africa and pacprocess MEA last year, concrete plans to expand this year’s duo of trade fairs have begun.
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Egypt's Al-Mashat Participates in World Discussions on MDB Reform to Finance SDGs
The meeting was held in light of the great importance of MDBs in financing the SDGs, in facing the complex challenges.
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Maait: We look forward to launching sustainable debt coalition in Egypt
Finance Minister Mohamed Maait said soft climate financing can be a new developmental locomotive for emerging economies.
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Experts reveal digital image of what an Egyptian man looked like almost 35,000 years ago
The image presents a detailed facial approximation of the skull of Nazlet Khater 2, the 35,000-year-old fossil that was discovered in 1980.
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EgyptAir, Saudia halt flights with Sudan after clashes erupted in Khartoum
The army has previously warned against the RSF deployment in Khartoum and other cities without its approval.
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Egypt to build $2.7bln aluminium smelter
The Egyptian Company for Metal Constructions (Metalco) is negotiating with a potential partner for the 600,000-tonne project.
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Presidential decree to restructure supreme council for exports
President Adbel Fattah El Sisi issued a decree No.142 of 2023 to restructure and regulate the Supreme Council for Exports.
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80 Swiss companies operate in Egypt: ambassador
In a meeting of the Egyptian-Swiss Business Association, it was stated that the number of Swiss companies operating in Egypt amounted to 80.
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IMF Chief says Egypt may need to slowdown projects to avoid macroeconomic instability
The IMF’s projections for Egypt’s GDP growth fall below the Egyptian government target of 4.1% GDP growth target in fiscal year (FY) 2023/24.
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Egypt, JICA probe developing Hurghada, Borg El Arab airports
Helmy praised cooperation between his ministry and JICA at all levels, especially in the civil aviation field.
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Egypt-UAE trade rises 6.5% in 2022
A year prior, remittances from Egyptian expatriates working in the UAE increased to $3.5 billion in FY2020/2021, compared to $3.4 billion in FY2019/20
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Petroleum Ministry Adopts Plan to Increase Oil Production from Sinai, Eastern, Western Deserts
The results of the current procedures improve the efficiency of operations and joint coordination with a number of production companies.
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Trella winds up Pakistan operations
Egyptian trucking startup Trella has decided to shut down operations in Pakistan, according to international media outlet, Bloomberg.
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Egypt’S Medical Supplies Sector Seeks To Sell To Brazil
Gamal informed the Mercosur free trade agreement with Egypt plays an essential role in the development of Brazil-Egypt trade relations.
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Local currency devaluation affects GDP growth in Egypt
Ahram Online also asked Malpass about his perception of Egypt’s recent efforts to raise the private sector’s share in the local economic activity.
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CAPMAS:Egypt Invested 40 Billion Pounds to Develop Slums
Several projects have been implemented to develop slums affiliated with the Urban Development Fund and their costs in the period from 2010 to 2021.
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Finance min. calls for promoting int’l efforts to secure innovative financing alternatives
The “National Climate Change Strategy 2050” included the social protection of citizens against natural disasters, Maait said.
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Ankara seeks to increase trade exchange with Egypt to $15B: Turkish FM
He added during joint press conference with Egypt’s Foreign Minister Sameh Shoukry that Ankara seeks to increase trade exchange with Egypt to $15 bn.
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Al Tadamun Microfinance Foundation launches its first mobile branch in Egyptian market
Al Tadamun Microfinance Foundation provides many diverse financing products that suit different segments of society.
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Egypt has been taking bold monetary policy actions to confront economic challenges: CBE Governor
However, core inflation rate fell below 40 percent in March, according to the latest figures released by the CBE.