News
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€2.7 billion volume of trade exchange between Egypt, Spain in 2021
Egyptian exports reached €1.192 billion in 2021 in comparison to €659 million in 2020 with an increase of 89.5 percent.
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Egypt's import squeeze hobbles economy as dollars run short
The nation's bill for wheat and oil soaring and with it the need for dollars, and crushed tourism from two of its largest markets - Ukraine and Russia
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Egypt’s Foreign Minister calls for improved climate commitments at COP27
Egypt, which is hosting the 2022 UN Climate Conference this November, is calling on the international community to act on climate pledges.
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14th Creative Industry Summit launches under theme ‘Creative Economy’
The summit is expected to host a selection of international, regional, and local experts in their respective fields.
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Egypt set to host pension forum
The 6th Pension & Social Insurance Conference starts on Wednesday in Sharm El Sheikh, Egypt, moving out of Bahrain for the first time in its history.
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Egypt received $3.5B in FDIs towards renewable energy sector
The minister also highlighted that Egypt is eager to support African countries in their efforts to access clean energy from renewable sources.
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Egypt’s natural gas export revenues hit $8 billion in FY22
In volume terms, the country has quadrupled its LNG and natural gas exports over the past eight years from 1.9 million tonnes to 7.2 million tonnes.
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Egypt-based fintech investment platform Exits.me raises $1m
Exits.me aims to provide investment banking services in the MENA region through an automated online marketplace.
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Egypt’s CBE maintains key interest rates
On the global level, the CBE said that forecasts for global economic activity have been dampened due to the conflict between Russia and Ukraine.
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Eased customs clearance, tax return to participants in climate summit
The upcoming climate summit, which will be held in the Egyptian Red Sea resort city of Sharm el Sheikh in November.
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Prime Minister inspects Grand Egyptian Museum
Prime Minister stresses need to paint facades of residential buildings surrounding museum.
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Exports of chemicals sector up to $ 5.714B in 8 months
This is a rise of 31 percent compared with the same period last year.
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Egypt's economy achieved positive growth rates in 2021/22
Egypt achieved a primary surplus in FY 2021/2022, amounting to 1.3 percent of GDP.
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Egypt-EU bilateral trade rises to $29.6bln in 2021
EU is the second largest market importing from Egypt on a global level.
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Egypt's trade minister, Qatari commerce chamber chairman discuss economic cooperation
During the meeting, Bin Jassim asserted that there are huge opportunities for boosting cooperation between Egypt and Qatar.
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Egypt’s Trade Minister meets European Parliament member to enhance ties with EU
The volume of trade exchange between Egypt and the European Union amounted to approximately $29.6bn last year, compared to $23.8bn in 2020.
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POLL-Egypt's central bank to raise interest rates by 100 bps
The median forecast in a poll of 15 analysts is for the bank to raise its deposit rate to 12.25% and its lending rate to 13.25%.
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CBE approves procedures facilitating import/export transactions
the CBE will exclude foreign inputs that are included in locally assembled electronic appliances from the measures set by its decree no.49 of 2022.
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Al-Mashat highlights NWFE program in UNESCWA
Al-Mashat discussed the efforts made in preparing the Sharm El-Sheikh Guidebook for Just Financing, which was launched during the ICFs 2nd edition.
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Egypt’s SWF signs deals on EGP 25.5 bln projects
The Sovereign Fund of Egypt (TSFE) implemented or signed binding deals to execute 10 projects worth EGP 25.5 billion in 2021.