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PM: Egypt Aims to Become Regional Industrial Hub
EG >> 5/18/2024 - Prime Minister Mostafa Madbouly on Saturday 18/05/2024 toured the Kom Abu Radi and Bayad Al-Arab industrial zones in Beni Suef.

Following this, he visited the Technology Village to engage ...
PM: Egypt’s Entrepreneurship Sector Attracts Over $2B in Investments During Past 4 Years
EG >> 5/18/2024 - Prime Minister, Mostafa Madbouly, announced that the entrepreneurship sector in Egypt has attracted investments exceeding $2 billion over the past four years.

Emphasizing Egypt’s commitment...
Egypt Raises Training Budget to LE 1.7B In 34-Fold Increase Over Past 5 Years
EG >> 5/18/2024 - Egypt's Minister of Communications and Information Technology (MCIT), Amr Talaat, highlighted the role of Egypt's Digital Creativity Centers in empowering entrepreneurs to acquire technical, economic,...
Int’l Cooperation Min. Named Vice-Chair of EBRD Annual Meetings
EG >> 5/14/2024 - Minister of International Cooperation and Governor of Egypt at the European Bank for Reconstruction and Development (EBRD) Rania al Mashat, has been chosen for the first time ever as vice-chair of the...
Green Growth Summit to Drive Sustainable Transition in Egypt, MENA
EG >> 5/13/2024 - Hivos, an international cooperation organization, is set to host the highly-anticipated Green Growth Summit in Cairo on 14 May following the success of its recent summit in Tunisia.

The sum...
Egypt, IFC Ink Two Agreements to Support Msmes, Healthcare
EG >> 5/12/2024 - Banque du Caire and the International Finance Corporation (IFC), a member of the World Bank Group, signed a financing agreement worth $100 million.

The agreement includes $50 million to sup...
Minister Mashat, Dutch Amb Talk Join Work Files, Follow Up on Mutual Projects
EG >> 5/8/2024 - Egyptian Minister of International Cooperation, Dr. Rania Al-Mashat, held a bilateral discussion session with Ambassador Peter Mollema, the Dutch Ambassador to Cairo, to discuss joint work files and f...
32nd Session of Egyptian-Jordanian Joint Higher Committee Kicks Off in Cairo
EG >> 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
EG >> 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
EG >> 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...
Is EGX Poised to Rebound in May After April’s Losses?
EG >> 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.

...
Cabinet Approves Amendments to Several Agreements With Us, Eu
EG >> 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...
FACTBOX: Key Targets of Egypt’s FY2024/2025 Budget Plan
EG >> 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 ...
Egypt Aims to Accelerate Privatisation Programme, No Int’l Bond Issuance in Current FY23/24
EG >> 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
EG >> 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
EG >> 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...
EU Pledges Egypt €1 Billion in Financial Aid
EG >> 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...
Canon and Kidzania Cairo Join Hands to Empower Egyptian Youth With Immersive Learning Environment
EG >> 4/7/2024 - Canon Central and North Africa recently announced its partnership with KidZania Cairo to establish a Canon Photography Studio at KidZania in Cairo, Egypt to offer children aged 8-14 a unique experienc...
Cabinet Holds Its Weekly Meeting in NAC, Discusses Number of Important Files
EG >> 4/3/2024 - Wall Street shifted between small gains and losses in premarket trading, a day after anxiety over the potential for fewer interest rate cuts dragged markets to their worst day in weeks.

Dow...
Wall Street Mixed Before The Bell Following The Worst Day for Markets in Weeks
EG >> 4/3/2024 - Wall Street shifted between small gains and losses in premarket trading, a day after anxiety over the potential for fewer interest rate cuts dragged markets to their worst day in weeks.

Dow...
Egypt's Nirs Reach $40 Bln in March - The Highest Since February 2022
EG >> 4/3/2024 - Egypt’s Net International Reserves reached $40.36 billion at the end of March 2024, the highest since February 2022, according to data released by the Central Bank of Egypt.

The increase is...
EGP Current Price Is Golden Chance for 'Made in Egypt' to Compete Globally: Experts
EG >> 4/2/2024 - Experts say that Egyptian exports now have an opportunity to grow and compete globally due to the depreciation of the pound against the dollar.

In March, the Egyptian pound dropped against ...
Egypt, UN Implemented $178 Mln in Cooperative Development Programmes in 2023
EG >> 3/27/2024 - The Ministry of International Cooperation revealed highlights of 2023’s development cooperation programmes under the umbrella of the strategic partnership framework between Egypt and the United Nation...
Egypt Approves FY2024/25 Budget With Targeted EGP 6.4 Tln in Expenditures, EGP 5.05 Tln in Revenues
EG >> 3/27/2024 - Egypt’s cabinet has approved in its meeting the draft budget for the upcoming FY 2024/2025 to send to the House of Representatives by the end of March, the cabinet said in a statement.

Duri...
Pm Attends Inking of Deal to Build Flat Glass Plant in Sokhna
EG >> 3/27/2024 - Prime Minister Moustafa Madbouli attended the inking ceremony of a framework agreement between the Suez Canal Economic Zone (SCZONE) and Saint-Gobain Glass Egypt to establish a flat glass production p...
Exports of Non-Petroleum Goods Increased in Last Quarter of 2023
EG >> 3/27/2024 - Cabinet's Information and Decision Support Center (IDSC) said that the volume of the exports of non-petroleum goods during the last quarter of 2023 reached 8.7 billion dollar in comparison to 8.6 bill...
Gov’t Starts Repaying Foreign Partners' Dues of Oil Projects
EG >> 3/24/2024 - Prime Minister Moustafa Madbouli has stressed that the State is keen on taking intensive actions on the dues of foreign petroleum companies working in Egypt through implementing a mechanism for repayi...
MSMEDA Head Asserts Keenness on Supporting Women Entrepreneurship
EG >> 3/23/2024 - Micro, Small and Medium Enterprises Development Agency (MSMEDA) CEO Basel Rahmy has asserted keenness of the agency on supporting female owners of small and micro-sized projects nationwide alongside p...
French Saint-Gobain Establishing €175 Million Glass Factory in Egypt
EG >> 3/20/2024 - French construction materials group Saint-Gobain laid the foundation for its third glass factory within Egypt’s Al-Ain Al-Sokhna Industrial Zone, northwest of the Gulf of Suez.

The company...
Finance Minister: Egypt's New Budget to Boost Exports By LE 23B
EG >> 3/19/2024 - Egypt has allocated LE 23 billion to support exports and encourage investors to expand their export activities, Minister of Finance, Mohamed Maait, announced on during an open dialogue with press and ...
Communications Minister Witnesses Signing Commercial Agreement
EG >> 3/19/2024 - Dr. Amr Talaat, Minister of Communications and Information Technology, witnessed the signing of a commercial agreement between Telecom Egypt, the first integrated telecommunications operator in Egypt ...
EU Pledges €7.4 Billion Aid and Investment Package for Egypt
EG >> 3/17/2024 - The European Union pledged a €7.4 billion ($8.1 billion) aid and investment package for Egypt, European Commission President Ursula von der Leyen announced on Sunday during the signing ceremony in Cai...
Egypt Solar Energy Project Wins 'Energy Transition Deal of The Year' Award
EG >> 3/16/2024 - Egypt’s Kom Ombo Solar Project has won recognition as "Energy Transition Deal of the Year" at the latest IJGlobal Awards, held in London in March.

The 200 MW plant, Egypt’s largest private ...
CAPMAS: Extractive, Transformative Industries Index Up By 1.19% in Dec. 2023
EG >> 3/16/2024 - Egypt’s production index for transformative and extractive industries, excluding crude oil and petroleum products, recorded 97.62 in December 2023 against 96.47 a month earlier with an increase of 1.1...
IMF Officially Starts Process io Find New Managing Director
EG >> 3/13/2024 - The International Monetary Fund officially launched the selection process to find the organization next leader with current managing director Kristalina Georgieva widely tipped for a second five-year ...
Egypt’s merchandise exports up by 6% in January, February
EG >> 3/12/2024 - Merchandise exports rose in January and February by six percent to over $6.1 billion, up from the $5.8 billion recorded in the same months of 2023, Minister of Trade and Industry Ahmed Samir said.
...
Prime Minister Inspects The Development And Expansion of St. Catherine International Airport
EG >> 3/10/2024 - Dr. Mostafa Madbouly, Prime Minister, began this morning, an inspection tour in the city of St. Catherine in South Sinai Governorate to follow the final stages of development projects in the site of t...
Egypt's Panda Bonds Win Africa's Best Bond Deal for 2024
EG >> 3/9/2024 - Egypt won the 2024 best bond deal in Africa for issuing sustainable Panda bonds worth ¥3.5 billion ($478.7 million).

The announcement came at the 2024 Bonds, Loans & ESG Capital Markets Afr...
Japan's Nikkei Tops 40,000, as Investors Await China Political Meeting
EG >> 3/4/2024 - Asian stocks were mostly higher ahead of China’s top annual political gathering, while Japan’s benchmark surpassed the 40,000 level for the first time.

U.S. futures fell and oil prices were...
Al-Wazir: 7 International Corridors to Connect Production Areas With Sea Ports
EG >> 3/4/2024 - The Minister of Transport General Engineer Kamel Al-Wazir confirmed that seven integrated international development logistical corridors are being implemented to connect industrial, agricultural, mini...
Sweilem Cooperate With FAO in The Field of Water
EG >> 3/4/2024 - Dr. Hani Sweilem, Minister of Water Resources and Irrigation, receives Mr. Qu Dongyao, Director-General of Good Food (FAO), and the delegation agrees with his Excellency - Mr. Maurizio Martina, Deputy...
Trade Min. Participates in 18th Egyptian-Saudi Joint Committee
EG >> 3/3/2024 - Minister of Trade and Industry Ahmed Samir on Sunday headed to the Saudi capital, Riyadh, to take part in the 18th session of the Saudi-Egyptian Joint Committee due to convene .

The session...
Al-Mashat Expresses Egypt’s Appreciation for The Strategic and Fruitful Relations With EBRD
EG >> 3/3/2024 - At the conclusion of their visit to Egypt, H.E. Dr. Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the European Bank for Reconstruction and Development (EBRD), receive...
Egypt, EIB to Strengthen Collaboration on Sustainable Development, Economic Growth
EG >> 2/27/2024 - European Investment Bank (EIB) President Nadia Calviño welcomed Minister of International Cooperation Rania Al-Mashat to the EIB's headquarters in Luxembourg for a meeting on strengthening economic c...
Asian Shares Mostly Decline, While Tokyo Again Touches a Record High
EG >> 2/26/2024 - Asian shares mostly declined, although Tokyo's benchmark Nikkei 225 index reached another record high.

The Nikkei 225 gained 0.4% to finish at 39,233.71. Trading was closed in Tokyo for a h...
Int’l Coop. Ministry Reviews a Report on Partnerships With EIB
EG >> 2/26/2024 - The Minister of International Cooperation, H.E. Dr. Rania A. Al-Mashat, is visiting the headquarters of the EIB, the financing arm of the European Union and the Climate Bank for Europe and one of the ...
Belgian FM: WTO Meet in UAE Is Opportunity to Uphold Rules-Based Global Order
AE >> 2/24/2024 - ABU DHABI, 24th February, 2024 (WAM) -- The World Trade Organisation’s (WTO) 13th Ministerial Conference (MC13) in Abu Dhabi is an opportunity to uphold the rules-based global order, according to Hadj...
EBRD And Banque Du Caire Step Up Support for Msmes and Women Entrepreneurs in Egypt
EG >> 2/24/2024 - The European Bank for Reconstruction and Development (EBRD) is providing a financing package of US$50 million (€46 million) to Banque du Caire (BDC), one of Egypt’s largest banks, to scale up support ...
Wakil Urges His Turkish Counterpart to Conduct Study on Arab-Turkish-EU Integration Project
EG >> 2/24/2024 - President of the General Federation of Egyptian Chambers of Commerce and the Union of African Chambers of Commerce Ahmed el Wakil called on Rifat Hisarciklioglu, the president of the Union of Chambers...
Mashrouak National Project to Lend Youth Hits Record EGP 200 Mln in January: Minister
EG >> 2/21/2024 - Egypt's national project to provide employment opportunities for youth, Mashrouak (meaning "your project”), achieved its highest lending rate since its launch in 2015, reaching EGP 200 million across ...

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