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Moody's Decision to Place Egypt's B3 Ratings on Review Shows
Egypt >> 8/12/2023 - Finance Minister Mohamed Maait said that ratings agency Moody's decision to place Egypt's B3 foreign-currency and local-currency issuer rating on review for downgrade in May has shown full understandi...
CBE: Annual Inflation Rate Declines to 40.7 Percent in July
Egypt >> 8/12/2023 - Egypt's annual core inflation rate slightly declined to 40.7 percent in July 2023 from 41 percent in June, according to the Central Bank of Egypt (CBE).

The monthly core Consumer Price Inde...
PM Reviews Incentives Rolled Out for Egyptian Expats Across All Sectors
Egypt >> 8/13/2023 - Prime Minister Mostafa Madbouli followed up on the incentives and facilities offered for Egyptian expats across all sectors.

Chairing a meeting at the Cabinet's premises here on Sunday, in ...
Egypt Offers New Lands to Narrow $30 Bn Trade Gap
Egypt >> 8/13/2023 - Egypt's Industrial Development Authority (IDA) is set to offer for sale 1.7 million square metres of lands to investors, as part of a plan to narrow the country’s $30 billion trade gap, according to a...
El-Sisi Stands on Flow of Investment Plans for Transport Projects Nationwide
Egypt >> 8/13/2023 - President Abdel Fattah El-Sisi,, conferred with Prime Minister Moustafa Madbouli on the executive status of the investment plan of transportation projects.

The meeting was attended by Minis...
Al-Mashat Meets Us Congress Foreign Affairs Committee Delegation
Egypt >> 8/13/2023 - Dr. Rania Al-Mashat, Minister of International Cooperation, met with a delegation of representatives US Congress Foreign Affairs Committee within the framework of their visit to Egypt, in the presence...
PM Reviews Proposals on Promoting Real Estate Exports
Egypt >> 8/13/2023 - Prime Minister Mostafa Madbouly reviewed a number of proposals to boost real estate export activity in a meeting at the government headquarters in New Alamein.

The meeting was attended by H...
Egypt Fruits & Vegetables Exports Up 16% in 1st 7 Months of 2023: Agriculture Ministry
Egypt >> 8/13/2023 - Egypt's fruit and vegetable exports reached $2.6 billion during the first seven months of 2023, Ministry of Agriculture Spokesperson Mohamed El-Qersh stated.

In a phone call to the TV progr...
Egypt Secured $2.1 Bln Loans to Private Sector in 2023: Mashat to US Congressional Delegation
Egypt >> 8/13/2023 - Egypt has secured $2.1 billion in concessional financing to the private sector from international partners since the start of 2023, Minister of International Cooperation Rania Al-Mashat said in a meet...
PM Reviews Proposals on Promoting Real Estate Exports
Egypt >> 8/13/2023 - Prime Minister Mostafa Madbouly reviewed a number of proposals to boost real estate export activity in a meeting at the government headquarters in New Alamein.

The meeting was attended by H...
Dragon Fruit Planting Expands in Sinai
Egypt >> 8/13/2023 - The highly-priced dragon fruit is being cultivated in Egypt’s Sinai, Youm7 reported.

Samir Abu Zour, one of the owners a dragon fruit farm in the village of "Al-Sakaskeh" east of the city o...
Dollar Rate Stable at Egypt's Major Banks at Beginning of Sunday's Transactions
Egypt >> 8/13/2023 - The exchange rate of the US dollar against the Egyptian pound was stable at the beginning transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dolla...
El-Sisi Stands on Flow of Investment Plans for Transport Projects Nationwide
Egypt >> 8/13/2023 - President Abdel Fattah El-Sisi, on Saturday, conferred with Prime Minister Moustafa Madbouli on the executive status of the investment plan of transportation projects.

The meeting was atten...
Egypt's CBE Auctions EGP 86.25 Bln Treasury Bills & Bonds in 6 Types
Egypt >> 8/15/2023 - The Central Bank of Egypt (CBE) auctioned EGP 86.25 billion ($2.8 billion) worth of treasury bills and bonds according to the bank's website.

The CBE auctioned EGP 82 billion in treasury bi...
Egypt, UAE Sign Deal Worth Dlrs 500 Million to Fund Wheat Supplies for Five Years
Egypt >> 8/15/2023 - The Ministry of International Cooperation and the General Authority for Supply Commodities (GASC) signed a deal worth dlrs 500 million with UAE-based agribusiness Al Dahra and Abu Dhabi Exports Office...
Military Production Ministry Takes Part in "Agri Business" Fair With Irrigation Equipment
Egypt >> 8/15/2023 - The Military Production National Authority has taken part in the 8th edition of "Agri Business" exhibition, to be held on August 17-19 under the slogan "Agricultural Investment is the Future of the Na...
Egypt to Disburse EGP 4 Bln to 744 Exporters Under Support Initiative
Egypt >> 8/15/2023 - The Egyptian government is set to disburse EGP 4 billion ($129.4 million) to support 744 export companies on Wednesday and Thursday, Minister of Finance Mohamed Maait said in a statement.

T...
Egypt Secures $500 Mln Wheat-Import Financing from Abu Dhabi Fund for Development
Egypt >> 8/15/2023 - The Ministry of Finance has inked a $500 million five-year financing agreement with the Abu Dhabi Exports Office (ADEX), a financial arm of the Abu Dhabi Fund for Development (ADFD), to finance wheat ...
80% of Passenger Flights to Resume By End of 2023: COO of Airport Authority Hong Kong
United Arab Emirates >> 8/15/2023 - Vivian Cheung Kar-fay, Chief Operating Officer of Airport Authority Hong Kong (AAHK), said that 60 to 65 percent of the number of flights were resumed compared to total flights in 2019 before the COVI...
New Industrial Licences Surge 16.6% in First Year After Abu Dhabi Industrial Strategy Launch
United Arab Emirates >> 8/15/2023 -  Launched by H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council in June 2022, the Abu Dhabi Industrial Strategy (ADIS) has accele...

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