News
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World Bank, AIIB funds to Egypt hit $720M
Egypt to lead the economic recovery in the Southern and Eastern Mediterranean region with a growth rate of 4.2 percent in 2021 and 4.4 percent in 2022
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Egypt's central bank issues LE 18.5B in T-bills
For the current fiscal year, the budget deficit is estimated to record 6.6 percent of gross domestic product (GDP).
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Egypt’s external debt increases to $137.9bn in June 2021
Long-term debt ($124.2bn) accounts for 90.1% of total external debt, whereas short-term debt ($13.7bn) accounted for 9.9%.
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Egyptian American Enterprise Fund invested $223.9 mln in Egypt
EAEF invested $223.9 million since 2015 in the private sector either in companies directly or via the fund’s investment advisers.
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Egypt to cooperate with 4 African countries on MSE development
A delegation from Cameron, Senegal, Ivory Coast, and the Comoros, visited Cairo to enhance cooperation with on MSEs with Islamic finance.
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Business activity in Egypt declines as inflation soars
The decline in business conditions was led by a reduction in output levels in November, IHS Markit said in its PMI survey.
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Forbes chooses Egyptian software engineer for 30 under 30
She was chosen for her great role in empowering, supporting and encouraging women in the fields of management and technology.
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Mansour Auto, GM working planning to manufacture electric vehicles in Egypt
Egyptian government intends to pay incentives to push forward the localisation of the automotive industry.
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Simplex aims to export CNC machines to 15 Arab, African countries
Talks with Arab Organization for Industrialization to produce CNC machines: Shaaban.
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23.8% increase in Egypt-Spain trade exchange during 9M 2021
Both countries discuss ways to enhance cooperation in trade, industry and investment.
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Egypt eyes $7bn trade volume with Africa in 2022
Egypt to raise exports to 10 African countries to $7 billion in 2022, aiming at $10 billion in value for export to Africa by 2025.
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INTERVIEW with Boeing’s VP
As the largest defense event in Egypt and Africa, EDEX 2021 is being held from 29 November to 2 December at the Egypt International Exhibition Centre.
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Egypt seeks to boost SMEs contribution to national economy
The committee is eyeing bigger contribution by SMEs to the national economy in order to reach 80 to 90 percent as in some major countries.
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Egypt and Saudi Arabia hold talks on possible exchange of military experience, technology
They met on the sidelines of the Saudi delegation's visit to Egypt to participate in the Second International Defense Expo.
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Egyptian businesses predict double-digit revenue growth
HSBC’s Navigator: Voice of Business report, which polled over 7,350 decision makers, 83% of businesses expect profitability to grow in next 12 months.
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Dahab Development opens reservation for ITC project at New Capital
Iconic Trinity Complex (ITC) is 40% ready. Company intends to deliver project by 4Q 2022.
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NBE launches ‘B2B’ e-payment service for corporates
Bank aims to expand e-payments in line with Central Bank’s direction towards digital transformation: Aboul Fotouh.
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States of East Mediterranean Gas Forum against climate change
The state members of the East Mediterranean Gas Forum (EMGF) agreed to cooperate to develop initiatives addressing climate change ahead of COP27.
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Egypt to sign agreement on tax of giant technology companies
137 countries, including Egypt, joined this historic agreement announced by the Organization for Economic Cooperation and Development.
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Egypt is Canada’s top trading partner in Africa
Dumas who is big fan of Umm Kulthum says Egypt-Canada annual trade exchange amounts to $2bn.