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PM, GAFI Head Discuss Granting Golden License to Some Investors
Egypt >> 7/16/2023 - Prime Minister Mostafa Madbouli held a meeting with CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba to discuss granting the golden license to some investors for starting...
Brazilian Trade Delegation Willing to Invest in Suez Canal Economic Zone
Egypt >> 7/16/2023 - A Brazilian trade delegation expressed interest in investing in the economic zone of the Suez Canal, lauding the big available chances for cooperation with the economic zone.

During his mee...
Madbouli Discusses Packages of Incentives to Attract More Investments
Egypt >> 7/16/2023 - Prime Minister Mostafa Madbouli has stressed the importance of the presence of new clear criteria for projects that require new investment incentives, especially in central business zones.

...
Dollar Prices Stable at Major Egyptian Banks
Egypt >> 7/16/2023 - The exchange rate of the US dollar against the Egyptian pound was stable at the beginning of Sunday's transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Mis...
Egypt's Banks Off For 4 Days Over New Hijri Year, July 23 Revolution Anniversary
Egypt >> 7/16/2023 - The Central Bank of Egypt announced on Sunday a four-day holiday on the occasion of the new Hijri Year and July 23 Revolution anniversary.

The holiday will start, July 20, and ends on Sunda...
Egypt Studies Building 3 New Free Zones
Egypt >> 7/16/2023 - Egypt's Prime Minister, Mostafa Madbouly, announced during a meeting with Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), that the government is considering building t...
PM Hails Fruitful Cooperation Between Electricity Ministry, ACWA Power Saudi Company
Egypt >> 7/17/2023 - Prime Minister Moustafa Madbouli hailed the fruitful cooperation between the Electricity and Renewable Energy Ministry and ACWA Power Saudi company in several spheres, especially a 10 gigawatt wind po...
Madbouli Reviews ECA Role in Protecting Consumers
Egypt >> 7/17/2023 - Prime Minister Mostafa Madbouli discussed at the Cabinet headquarters in the New Alamein City with Mahmoud Momtaz, head of the Egyptian Competition Authority, efforts exerted during the past year to p...
CBE Signs Two Mous With CBN, London Banking Institute
Egypt >> 7/17/2023 - The Central Bank of Egypt (CBE) signed two memos of understanding with the Central Bank of Nigeria (CBN) and the London Institute of Banking & Finance.

The signing came on the sidelines of ...
Fintech Event Seamless North Africa 2023 Kicks Off in New Cairo
Egypt >> 7/17/2023 - Regional fintech event Seamless North Africa has kicked off in Egypt's New Cairo with the participation of over 4,000 from international, regional, and local financial and banking institutions, accord...
Canada Grants Egypt CA$10 Mln for Food Security, Climate Change Adaptability
Egypt >> 7/17/2023 - The Canadian government has granted Egypt CA$10 million to support the country's efforts towards to food security and tackling climate change, according to a statement released on Monday.

T...
Egypt's Primary Budget Surplus Records $5.3 Bln in 2022/23
Egypt >> 7/17/2023 - Egypt has achieved a primary budget surplus of EGP 164.3 billion ($5.3 billion) in FY 2022/2023, said the Ministry of Finance.

The surplus, 1.7 percent of the country's GDP, exceeds the exp...
The 13th AL Meeting on Upgrading Mechanism of Resolving Disputes Within GAFTA Kicks Off
Egypt >> 7/25/2023 - The 13th meeting of the committee of legal experts in charge of upgrading the mechanism of resolving disputes within the framework of the Greater Arab Free Trade Area (GAFTA) kicked off on Tuesday 25-...
Egyptian Government Targets to Expand Horticultural Land to 18M Feddans by Mid-2024
Egypt >> 7/25/2023 - The Economic and Social Development Document prepared by the Ministry of Planning indicates that the government's target for FY2023/2024 to raise the surface area of horticultural land to 18 million f...
Egyptian, Italian Health Ministers Discuss Bilateral Cooperation in Healthcare Fields
Egypt >> 7/26/2023 - Health Minister Khalid Abdel Ghaffar discussed with his Italian counterpart Orazio Schillaci boosting bilateral cooperation in the health domains, including pharmaceutical industries, along with train...
CAPMAS: 21.6% Rise in Egyptian Exports to Russia in 2022
Egypt >> 7/26/2023 - Egypt’s exports to Russia hit dlrs 595.1 million in 2022 against dlrs 489.6 million in 2021, marking a 21.6 per cent, according to the Central Agency for Public Mobilisation and Statistics.

...
Egypt, Serbia Negotiate For Free Trade Agreement
Egypt >> 7/26/2023 - Egypt and Serbia are negotiating a project to study the establishment of a free trade agreement between the two countries, which was announced in 2022 during President Abdel Fattah El-Sisi's visit to ...
PM Follows Up on Phosphoric Acid Production Project in New Valley
Egypt >> 7/26/2023 - Prime Minister Mostafa Madbouly held a meeting on 26/7/2023 to follow up on the developments of the phosphoric acid production project in New Valley governorate.
Vice President of NBE Reveals Details of New US Dollar Certificates
Egypt >> 7/26/2023 - The National Bank of Egypt began issuing two new certificates of deposit (CDs) in US dollars for a period of three years, amid a hard currency scarcity.

It offers a return of seven and nin...
CBE Auctions EGP 83 Bln T-Bills on Tuesday
Egypt >> 7/26/2023 - The Central Bank of Egypt (CBE) auctioned EGP 83 billion ($2.7 billion) in treasury bills (T-bills) on Tuesday to finance the government's debt, with two maturities available.

According to ...

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