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Central Bank of Egypt Auctions $1.6 Bln USD T-Bills
Egypt >> 11/13/2023 - The Central Bank of Egypt (CBE) auctioned $1.61 billion USD-denominated treasury bills (T-bills), reported the CBE website.

The T-bills are to be repaid on 12 November 2024 at a yield that ...
Agriculture Min. Heads for Beijing to Attend China-Africa Co-Operation Forum
Egypt >> 11/13/2023 - Agriculture Minister El Sayyed El Qusseir headed for Beijing, China to take part in the second Forum on China-Africa Cooperation in Agriculture.

The forum kicked off today and will last unt...
Trade Min. Calls for Promoting Inter-African Economic Co-Operation
Egypt >> 11/13/2023 - Minister of Trade and Industry Ahmed Samir on Monday asserted the necessity of boosting co-operation among African countries alongside finding unconventional ways to enhance their local economies, in ...
Egypt to Establish Company to Invest in Expatriate Funds By 2024
Egypt >> 11/13/2023 - Egypt is currently working on establishing a company dedicated to receiving investments from expatriates with the aim of pumping the money into projects within Egypt, according to statements by Minist...
Egypt Aims to Boost Petrochemical, Fertilizer Exports to Africa By 10% in 2024
Egypt >> 11/13/2023 - Egypt plans to increase its exports of petrochemicals and fertilizers to African nations by 10 percent in 2024, Khaled Abul-Makarem, head of the Export Council for Chemical Industries and Fertilizers,...
Afreximbank Inks $3 Bln Finance Agreements for Egyptian Companies
Egypt >> 11/14/2023 - The African Export-Import Bank (Afreximbank) signed $3 billion financial agreements with Egyptian companies on the sidelines of the African Intra-Trade Exhibition (IATF 2023), according to Ayman El-Zo...
Qatari Group Plans to Invest Over $60 Million in Egypt in 2024
Egypt >> 11/14/2023 - Al-Mana Qatari Group has announced plans to invest more than $60 million in Egypt in 2024, Abdulaziz Hamad Al-Mana, the executive director of the company, said.

Most of the money will go to...
Egypt’s Trade Exchange With Nile Basin Countries Reaches $3bn in 2022: CAPMAS
Egypt >> 11/14/2023 - The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that the trade exchange between Egypt and the Nile Basin countries amounted to $3bn in 2022, according to its annual bullet...
Irrigation Min. Asserts Significance of Clearing Canals to Improve Performance
Egypt >> 11/14/2023 - Egypt’s Minister of Water Resources and Irrigation Hany Sewilam said that the Egyptian Public Authority for Drainage Projects (EPADP) carries out clearing operations for as many as 4,444 main agricult...
Market Watch: Egyptian Bourse Hits Historic Highs on Wednesday
Egypt >> 11/15/2023 - The Egyptian Exchange (EGX) ended in the green on Wednesday with the EGX30 approaching its historic high, while gold prices jumped and the 24-carat gold hit a new summit at EGP 3,109 per gram.

...
Egypt Raises Limits on Prepaid Cards, Mobile Banking Transactions by 100%
Egypt >> 11/15/2023 - The Central Bank of Egypt (CBE) has increased daily and monthly limits of transactions on financial inclusion accounts, prepaid cards, and mobile banking by 100 percent, a circular said.

Fo...
Agriculture Min. Reviews Opportunities, Challenges of Investment in Africa
Egypt >> 11/15/2023 - Minister of Agriculture and Land Reclamation Sayyed Al-Quseir said on Wednesday 15/11/2023 that the African continent possesses enormous natural and economic resources, including millions of hectares ...
President El-Sisi Meets The Prime Minister and The Minister of International Cooperation
Egypt >> 11/15/2023 - President Abdel Fattah El-Sisi met with Prime Minister, Dr. Moustafa Madbouly, and Minister of International Cooperation, Rania Al-Mashat.

Spokesman for the Presidency, Counselor Ahmed Fahm...
Qatari al Mana Group Plans $60 Million Initial Investment in Egypt
Egypt >> 11/15/2023 - CEO of the Qatari Al Mana Group, Saud Omar Al Mana, has announced plans to inject nearly $60 million into the Egyptian market in 2024.

The announcement was made during the Qatar Egypt Inves...
Finance Min.: Promoting Cooperation With India to Face Economic Challenges
Egypt >> 11/15/2023 - Finance Minister Mohamed Maait asserted Egypt's keenness on diversifying financing resources and accessing new capital markets through innovative and more sustainable tools.

He reviewed mea...
Egyptian Exports to African Countries to Rise By 10 Percent by End of 2023 to $5.5B
Egypt >> 11/15/2023 - Egypt’s exports to Africa are expected to increase by 10 percent by the end of the year to an estimated value of $5.5 billion, Sherif El-Gabaly, the Chairman of the Egyptian Chamber of Chemical Indust...
Pm Says Govt Keen to Encourage Private Sector to Invest in Health Services
Egypt >> 11/15/2023 - Prime Minister Mostafa Madbouli said the government is keen on encouraging the private sector to invest in the health services' sector.

Madbouli made the remarks during his meeting with Cha...
Unemployment rate in Egypt stands at 7.1% in Q3/2023: CAPMAS
Egypt >> 11/15/2023 - Egypt reported 2.263 million unemployed individuals in the third quarter (Q3) of 2023, accounting for 7.1 percent of the total workforce, according to a statement released by the Central Agency for Pu...
US Dollar Rate Hits All-Time High in Parallel Market in Egypt Exceeding EGP 50/1 USD
Egypt >> 11/15/2023 - The US dollar rate hit new records in the currency parallel market, as it reached EGP 50/1 USD for small amounts ($1000-$1500) and around EGP 55/1 USD for greater amounts, the number of importers oper...
Egypt, Belarus Hold Trade Committee Talks
Egypt >> 11/16/2023 - Egypt’s Minister of Trade and Industry Ahmed Samir met with Belarusian Minister of Antimonopoly Regulation and Trade Alexei Bogdanov to discuss mutual cooperation, according to a statement .

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