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Egyptair Announces 50% Discount on Int'l Flights
Egypt >> 5/8/2024 - On the occasion of EgyptAir's 92nd anniversary, the national carrier of Egypt has announced that it will offer its valued customers a 50 per cent discount on all international flights.

The ...
Egypt Ready to Share Its Extensive Urban Development Experience With Oman: Housing Min
Egypt >> 5/8/2024 - Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said Egypt is ready to share its extensive urban development experience with the Sultanate of Oman, and promote joint fruitful coo...
32nd Session of Egyptian-Jordanian Joint Higher Committee Kicks Off in Cairo
Egypt >> 5/7/2024 - The 32nd session of the Egyptian-Jordanian Joint Higher Committee kicked off in Cairo, the Ministry of International Cooperation announced.

The committee, which runs through, is a the key m...
Egypt’s Tourism, Suez Canal Revenues Could Shrink By $13.7 Bln
Egypt >> 5/7/2024 - Revenues from Egypt’s tourism sector and Suez Canal in the current FY2023/2024, which ends on 30 June, and the upcoming FY2024/2025 could shrink by up to $13.7 billion the United Nations Development P...
Dollar Exchange Rate Stable at Start of Tuesday's Transactions
Egypt >> 5/7/2024 - The dollar exchange rate was stable at the start of transactions at Egypt's major banks.

At the National Bank of Egypt (NBE), Banque Misr and the Commercial International Bank (CIB), the do...
Egypt Hosts Nearly 9 Million Foreigners Despite Economic Challenges: Asst. FM
Egypt >> 5/7/2024 - Despite economic challenges, Egypt is exerting strenuous efforts for hosting nearly nine million foreigners and over 570,000 asylum seekers from 133 countries, Wael Badawi, Deputy Assistant Minister o...
Is EGX Poised to Rebound in May After April’s Losses?
Egypt >> 5/6/2024 - Some hope that Egypt’s Stock Exchange (EGX) will regain in May the heavy losses incurred in April in response to the geopolitical tensions in the region along with other local developments.

...
US Federal Reserve Keeps Interest Rates at 23-Year High
Egypt >> 5/2/2024 - The US Federal Reserve held interest rates steady for a sixth straight meeting, keeping the level at a 23-year high to fight stubborn price increases.

After a two-day gathering, the centra...
Egypt Launches First Integrated Waste Management City in The Middle East
Egypt >> 5/2/2024 - Egypt is setting a benchmark in the region with the development of its first integrated waste management city in the Middle East, located in the 10th of Ramadan City.

This pioneering projec...
Egypt, UK Strengthen Investment And Trade Relations Through Mou Signing
Egypt >> 5/2/2024 - The General Authority for Investment and Free Zones of Egypt (GAFI) and the British Foreign Ministry have signed a memorandum of understanding (MoU) to strengthen investment and trade relations betwee...
Egypt to Apply Capital Gains Tax Starting 2025
Egypt >> 5/1/2024 - Egypt has decided to apply the capital gains tax on shares and stakes listed in the Egyptian Stock Exchange (EGX) starting from the tax season of March/April 2025, through the Egyptian Clearing Compan...
Madbouli Witnesses Inking of Land Deals to Implement 2 Electricity Projects in Sohag
Egypt >> 5/1/2024 - Prime Minister Moustafa Madbouli witnessed a ceremony for inking two land hand-over minutes to implement two projects of establishing stations for generating electricity from wind energy in the west o...
Cabinet Weekly Discusses Number of Important Files
Egypt >> 5/1/2024 - The Cabinet started its weekly meeting under Prime Minister Mostafa Madbouli at the government headquarters in the New Administrative Capital (NAC) to discuss a number of political, economic and socia...
Cabinet Approves Amendments to Several Agreements With Us, Eu
Egypt >> 5/1/2024 - The cabinet under Prime Minister Moustafa Madbouli approved a number of draft presidential decrees introducing amendments to several agreements with the US and the European Union.

Among tho...
Egypt Appreciates Developmental Role of Japanese Investments - Minister
Egypt >> 4/29/2024 - Minister of Finance Mohamed Maait hailed the developmental role of Japanese investments in Egypt.

Egypt looks forward to deepening economic and trade cooperation with Japan to achieve susta...
SCZONE Head Meets Indonesian Trade Delegation
Egypt >> 4/29/2024 - Chairman for the General Authority of Suez Canal Economic Zone (SCZONE) Walid Gamaleddin Monday discussed with a delegation from the Indonesian Ministry of Trade and Industry ways of joint cooperation...
MSMEDA Partners With Alkhair Microfinance to Empower Micro-Projects With EGP 30M
Egypt >> 4/29/2024 - The Micro, Small and Medium Enterprises Development Agency (MSMEDA), signed a contract to provide financial support to micro-projects with AlKhair Microfinance Company, with a total value of EGP 30 mi...
"Decent Life" Sends Gaza 503 Aid Trucks Worth LE530M
Egypt >> 4/29/2024 - The Decent Life Initiative, targeting to develop the Egyptian countryside, took part in donating humanitarian aid to Gaza Strip enduring Israeli shelling since October by sending 503 trucks to the enc...
Mashat Highlights Investing in Human Capital Importance
Egypt >> 4/29/2024 - During the special meeting of the World Economic Forum (WEF) held in the Saudi capital, Riyadh, Minister of International Cooperation, Rania Al-Mashat, emphasized the significance of investing in huma...
IFC’s Banking Finance Network Upgrades Egypt’s Performance to ‘Advancing’
Egypt >> 4/28/2024 - The Sustainable Banking and Finance Network (SBFN) - an initiative of the International Finance Corporation (IFC) - has upgraded Egypt's classification from "Developing-Advancing" to "Advancing" in it...
FACTBOX: Key Targets of Egypt’s FY2024/2025 Budget Plan
Egypt >> 4/28/2024 - Egypt’s budget plan for the upcoming FY2024/2025 comes in line with the government commitments to the International Monetary Fund (IMF) under the fund’s loan programme for the country.

The ...
CBE to Cut Interest Rates By 2% in May; Inflation to Decrease to 20% By End of 2024: Goldman Sachs
Egypt >> 4/23/2024 - The Central Bank of Egypt (CBE) is expected to cut the key interest rates in May by two percent (200 bps), based on its view of inflation decreasing to 20 percent by the end of 2024, the US-based inve...
Egypt Aims to Accelerate Privatisation Programme, No Int’l Bond Issuance in Current FY23/24
Egypt >> 4/17/2024 - Egypt’s government plans to complete the privatization of the state-owned companies within a period of 3 to 5 years, Minister of Finance Mohamed Maait stated to Asharq News.

Maait made his ...
Stock Markets Rise As Traders Consider US Rate Outlook
Egypt >> 4/17/2024 - Major stock markets in Asia and Europe mostly rose Thursday with traders mulling the outlook for US interest rates as Federal Reserve officials questioned the need for a cut anytime soon.

O...
Egypt’s External Debt to Remain High in FY23/24 Due to EGP Depreciation: IMF
Egypt >> 4/17/2024 - Egypt’s external debt is projected to rise during the current FY2023/2024 due to the depreciation in the exchange rate, Era Dabla-Norris, the Deputy Director of the Fiscal Affairs Department at the In...
Egypt Central Bank Raises Daily Cash Withdrawal Limit to EGP 250,000
Egypt >> 4/15/2024 - The Central Bank of Egypt (CBE) has raised the daily cash withdrawal limit in Egyptian pounds for corporations and individuals from banks to EGP 250,000, up from EGP 150,000.

The CBE also i...
Maait Talks About Int'l Applause for Egypt's Economic Indicators
Egypt >> 4/14/2024 - Finance Minister Mohamed Maait said there is an international praise for the success of the Egyptian economy in achieving indicators over the past nine months better than what was targeted despite the...
Planning Ministry Issues Report on Gov't Performance Improvement Project
Egypt >> 4/14/2024 - Ministry of Planning and Economic Development has issued a report on government performance improvement project pursued in cooperation between the ministry and the Administrative Prosecution Authority...
Finance Minister: State to Prioritize Human Development in Next 6 Years
Egypt >> 4/13/2024 - Finance Minister Mohamed Maait said that the state will give a top priority for increasing financial allocations for human development throughout the upcoming six coming years, as of the new fiscal ye...
EU Pledges Egypt €1 Billion in Financial Aid
Egypt >> 4/13/2024 - The EU pledged, Friday to provide Egypt with €1 billion in short-term financial aid to help stabilize the country's economy.

The 1 billion euros in short-term aid is part of a bigger packag...
Egypt Released $8 Bln in Imported Goods Since March: Finance Minister
Egypt >> 4/13/2024 - Minister of Finance Mohamed Maait said Egypt released imported goods worth $ 8 billion between March and April 2024.

In a statement released on Friday, the minister said there is "permanent...
Initiative to Attract European Investments into Egypt
Egypt >> 12/22/2012 - Egypt has decided to boost economic cooperation with Spain and the Czech Republic which includes increasing trade and investments, said Minister of Industry and Foreign Trade Hatem Saleh during talks ...

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