News
-
2021 Yearender: Egypt’s macroeconomic performance
2021 was challenging for Egypt's economy, as it saw the intersection of two fiscal years (FY2020/21 and FY2021/22) affected by COVID-19.
-
Al-Sisi inaugurates electricity sector projects in Upper Egypt
Egypt’s President Abdel Fattah Al-Sisi visited the Benban Solar Energy Complex in Aswan governorate where he inaugurated several energy projects.
-
New measures to maximise assets of administrative authorities
Central database established to enhance governance, optimal utilization of state resources.
-
Egypt, UNDP chart partnership roadmap through 2027
Al-Mashat said that the 2018-2022 framework includes 45 projects implemented in 20 governorates to the tune of $250 million.
-
Trade exchange between Egypt, Russia hits $3.3 bln
The volume of trade exchange between Egypt and Russia hit $3.3 billion from January to September 2021.
-
NBE reveals main axes of its strategic plan for 2022
Bank aims to offer EGP 45bn retail loans, EGP 35bn funds for SMEs, says Deputy Chairperson.
-
Egypt ‘to focus on balance’ as prices strain subsidy programme
Madbouly urged citizens to realize the scale of the issue, adding that Egypt is no longer isolated from global inflationary pressures
-
Egypt’s trade exchange with South Korea up 46.9%
Trade exchange between Egypt and South Korea recorded $1.8 billion, up from $1.2 billion in the corresponding period of 2020.
-
EFG Hermes signs EGP 750m sale with MNHD
EFG Hermes’ investment banking division acted as the financial advisor for the transaction, which will also encompass a few securitization issuances.
-
Egypt inaugurates largest petroleum complex in Upper Egypt
The Assiut Gasoline Production Complex is “one of the state’s strategic projects, within the framework of development plans in Upper Egypt.
-
Egypt, World Bank discuss extending Country Partnership Framework
Al-Mashat noted that as Egypt is taking significant and rapid steps to achieve Egypt’s Vision 2030.
-
CBE issues treasury bonds worth LE 14.5 billion
CBE said that the value of the first offering is LE10 billion for a period of three years, while the second offering is LE 1bn over 7 years.
-
Some investors turn cautious on Egypt's lucrative carry trade
Some foreign investors are cautious about buying Egyptian treasuries due to jitters over emerging markets and the sustainability of high yields.
-
Agricultural Bank launches initiative to settle EGP 4bn debt
This comes within the framework of the Central Bank of Egypt’s directives to mitigate the negative effects of the coronavirus pandemic.
-
ACC delegation talks trade cooperation in Egypt
Discussions covered obstacles facing the flow of goods between the two countries, especially in terms of the Kingdom's exports.
-
Ministry grants EGP 13 billion to support Egyptalum
The budget allocated will replace old machines with new technologies that use less electric energy which represents about 40% of the production cost.
-
Egypt to approach pre-crisis primary surplus of 2% in FY2022/23
Last week, the International Monetary Fund (IMF) updated its Global Debt database, which includes its forecasts on global debt by end of 2021.
-
Egypt is key LNG supplier to Turkey in 2021
Egypt is a key supplier of liquefied natural gas (LNG) to the Turkish market, with seven cargoes shipped in the fourth quarter of 2021.
-
Egypt achieved economic boom in past seven years
Egypt has achieved an economic boom over the past seven years that enabled the country to become more resilient to domestic and global shocks.
-
Egypt, Russia to increase trade exchange in agriculture
Elkoseir noted that the Egyptian-Russian relations have witnessed intensive coordination and exchange of views.