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US Treasury Secretary Says Latest Gaza War Poses Concerns to American Economy
Egypt >> 10/11/2023 - United States Treasury Secretary Janet Yellen says the war between Israel and Hamas poses “additional concerns” to the American economy, but she still expects inflation can be contained without causin...
EDGE Signs Strategic Cooperation Agreement With SAHA Istanbul
United Arab Emirates >> 10/11/2023 -  EDGE, one of the world’s leading advanced technology and defence groups, is attending a dedicated industry summit in Türkiye, hosted exclusively for EDGE by SAHA Istanbul, a respected association rep...
Ebrd to Provide Egypt With €165 Loan to Develop Electricity Grid
Egypt >> 10/15/2023 - The European Bank for Reconstruction and Development (EBRD) is to grant a €165 million loan to Egypt to finance the upgrade of the electricity transmission grid, a venture that is also aimed at reduci...
IMF to Announce Dates of Egypt’s Reviews By End of October: Maait
Egypt >> 10/15/2023 - The International Monetary Fund (IMF) will announce the dates for the first and second reviews of Egypt’s economic reform programme by the end of October, Minister of Finance Mohamed Maait stated.
...
Mohamed Al Hussaini Explores Economic Ties With Pakistani Counterpart
United Arab Emirates >> 10/15/2023 - Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, met with Shamshad Akhtar, Minister for Finance, Revenue and Economic Affairs of Pakistan, and Jameel Ahmad, Governor of State Bank of...
Maait Confirms Egypt's Commitment to Update Its Social Protection System
Egypt >> 10/15/2023 - Egypt is actively working to enhance its social protection system, aiming for greater flexibility, inclusivity, and sustainability, according to Minister of Finance Mohamed Maait, speaking at the Inte...
Korean Investments in Egypt Exceed $800 Million: Ambassador
Egypt >> 10/15/2023 - The Korean investments in Egypt exceeded $800 million, while the bilateral trade recorded $3.2 million during 2022, said the Ambassador of South Korea to Egypt Kim Yonghyon.

The Korean emba...
Supply Ministry : Egypt’s Strategic Rice Reserves Sufficient for Six Months
Egypt >> 10/16/2023 - Egypt’s Ministry of Supply and Internal Trade announced it has purchased 250,000 tons of rice to support Egypt’s strategic rice reserves for six months, read a ministry statement.

The deliv...
Maait: Egypt Committed to Continue With Structural Reforms
Egypt >> 10/16/2023 - Minister of Finance, Mohamed Maait, affirmed that the Egyptian government continues its path of structural reforms by adopting balanced policies that consider the social dimension.

These po...
Madbouli Attends 3 Rd Belt And Road Forum on Behalf President Sisi
Egypt >> 10/16/2023 - Egyptian Prime Minister Mostafa Madbouli arrived in Beijing to take part in the third Belt and Road Forum (3 BRF) for International Co-operation on behalf of President Abdel Fattah El Sisi.

...
Egypt Issues Mena’s 1st Sustainable Panda Bonds at $500 Mln
Egypt >> 10/16/2023 - Egypt issued on Monday the first sustainable Panda bonds in the Middle East and North Africa at ¥3.5 billion ($500 million) with a yield of 3.5 percent over three years, according to a statement by th...
Turkish Companies to Open More Textile Factories in Egypt
Egypt >> 10/16/2023 - Turkish ready-made clothes and textiles companies are planning to open new factories and stores in Egypt in the coming period, top business executives stated in a meeting with Egyptian Minister of Tra...
Economic Development Indicators in Sharjah Recording Impressive Growth: Report
United Arab Emirates >> 10/16/2023 - Development indicators in the emirate of Sharjah have achieved remarkable growth, as the total business licenses issued and renewed during the year 2022 grew by 5% compared to 2021, to more than 72,24...
Sustainable Irrigation Essential for Increasing Local Food Production
United Arab Emirates >> 10/16/2023 -  The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has reaffirmed its commitment to promoting the concepts of agricultural and food sustainability, and building the capacity of the agricult...
Du, Dubai Municipality Unveil 'Digital Revolution' in Parks During GITEX Global 2023
United Arab Emirates >> 10/16/2023 - du, from Emirates Integrated Telecommunications Company (EITC), today announced a collaboration with Dubai Municipality to transform the parks and recreation sector.

The special show durin...
Centamin Plans to Increase Sukari's Gold Production By 15 Percent Until 2032
Egypt >> 10/22/2023 - Global gold mining company Centamin announced a plan to increase the production of Egypt's Sukari mine by 14.74 percent to 506,000 ounces (more than 15.81 tons) for the next nine years ending 2032 fro...
Egypt, Bulgaria to Enhance Cooperation Across Diverse Sectors: Trade Minister
Egypt >> 10/22/2023 - Egypt plans to enhance economic and trade cooperation with Bulgaria in the coming period, said Minister of Trade and Industry Ahmed Sami.

The two countries are witnessing promising collabor...
War In Gaza Pushes Egypt's Gold Prices 12.4 Percent Higher In Two Weeks
Egypt >> 10/22/2023 - Gold prices in Egypt increased by 12.42 percent since the start of the Palestinian-Israeli conflict on 7 October, reflecting uncertainty among investors.

"The key reason behind the recent j...
Madbouli Follows Up on Initiative of Reducing Prices of Basic Commodities
Egypt >> 10/22/2023 - Prime Minister Mostafa Madbouli reaffirmed the importance of working to resolve any problem facing the implementation of an initiative on cutting down the prices of basic commodities to mitigate the b...
Annual Inflation Down to 4.3% in The Euro Area in September
United Arab Emirates >> 10/22/2023 - The euro area annual inflation rate was 4.3% in September 2023, down from 5.2% in August. A year earlier, the rate was 9.9%. European Union annual inflation was 4.9% in September 2023, down from 5.9% ...

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