News
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Int'l coop. ministry launches development partners' map
In its 2021 annual report, the ministry said that the map sheds light on the distribution of projects funded by multilateral and bilateral partners.
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Egypt to receive $368 mln loan from AMF
The loan to strengthen the country’s financial position and meet emergency needs amid challenges caused by COVID-19.
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Volvo plans to expand in Egypt
Ezz Elarab Automotive Group Opens the Doors to the Latest Volvo Showroom in One Kattameya.
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Egypt’s FM attends 3rd session of Egypt-Oman business council
Shoukry called on Omani investors and private business owners to make the best use of the mega economic and developmental projects in Egypt.
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Egypt-Ukraine trade exchange forecasted to exceed $2bn in 2021
Ukraine considers Egypt key country in maintaining peace, stability in Africa, Middle East.
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Abu Dhabi Commercial Bank – Egypt increases its capital to US$318m
Abu Dhabi Commercial Bank – Egypt (ADCB) has announced increasing its capital to EGP 5 billion (US$318m) from EGP 1.5 billion (US$95.48m).
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US approves $2.56 billion in military sales to Egypt
The sale of 12 C-130 J Super Hercules transports and accompanying equipment is worth $2.2 billion.
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IMF upgrades Egypt’s real GDP growth for 2022 to 5.6%
The International Monetary Fund upgraded Egypt’s real GDP growth by 0.4% in 2022 to 5.6 percent, compared to the fund’s October 2021 projections.
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Egypt announces new travel restrictions
A traveler has to bring a certification of having received a single-dose or two-dose vaccine at least 14 days before arrival.
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Pakistan and Egypt set up a trade working group
The first meeting of the JWG on Trade was held on the side-line of the Pakistan-Egypt Trade Conference by the Ministry of Commerce and Textile.
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Egypt’s Fawry for E-payment seeks to list on US stock market
Fawry, which debuted on Cairo’s stock exchange back in 2019, also announced plans to boost its capital by 800 million Egyptian pounds ($51 million).
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Egypt’s debt instrument market gets $970mln investments
These investments in Egypt’s debt instruments reflect the robust rebound of foreign investments in the Egyptian market in 2022.
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Egypt signs oil and petroleum agreements worth $506 million
The agreements are for exploration and production in its eastern desert and western deserts with TransGlobe Energy Corporation and Pharos Energy.
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Korea, Egypt to begin joint study on free trade deal
Moon arrived in Cairo a day earlier, marking the first Korean presidential visit to Egypt in 16 years.
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Egypt real estate prices go up
The rising cost of building materials is leading to increasing prices for real estate in the Egyptian market but without jeopardizing purchasing power
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Egypt economy forecast to grow to 5.5% in 2022/23
After its tourist industry was devastated by the coronavirus pandemic in 2020, the economy has bounced back from the worst of the slowdown.
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Egypt eyes more fruit imports from Kenya
Kenya mainly sells tobacco, paper and paperboard, fruits and vegetable textile fibers to Egypt, with the value of imports growing 8.67%.
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Egypt’s exports reach all-time high of $32.1 bln in 2021
Egypt’s non-oil exports reached an all-time high of $32.1 billion in 2021, up from the $25.4 billion recorded in 2020 — an increase of 26 percent.
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Egypt’s president raises minimum monthly wage
The statement did not say when the increases will be applied, but they are expected with the start of the new fiscal year in July.
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Japanese companies view Egypt as a business destination
New Japanese companies plan to head to the Egyptian market and to inject fresh investments in the country over the coming period.