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Egypt Allocates EGP 202 Billion to Bolster Pension System
Egypt >> 11/26/2023 - The Egyptian government has announced the allocation of EGP 202 billion for supporting its pension system during the fiscal year (FY) 2023/2024, said Mohamed Maait, minister of finance, according to a...
Dollar Rates Stable at Start of Sunday's Transactions in Egypt's Major Banks
Egypt >> 11/26/2023 - The dollar exchange rate was stable at the start of transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 30.75 for buying...
Egypt Releases $63 Billion Worth of Imported Goods With $5 Billion Remaining in Ports: Official
Egypt >> 11/26/2023 - Egypt has released imported goods valued at $63 billion from its ports since the beginning of 2023, while a remaining backlog of goods worth $5 billion is still awaiting clearance, El-Shahat Ghatouri,...
Egyptian Gov’t Gives Merchants 10 Days to Adjust Sugar Prices: Supply Minister
Egypt >> 11/26/2023 - Egypt's Minister of Supply and Internal Trade Ali Moselhi revealed that merchants would be given a ten-day period to regulate prices, or else the government may “resort to forced pricing measures.”
Bank of Sharjah Selected as Joint Lead Manager, Bookrunner in $350 Million Sukuk Issuance
United Arab Emirates >> 11/26/2023 - SHARJAH, 26th November, 2023 (WAM) -- Bank of Sharjah announced its selection as Joint Lead Manager and Bookrunner in the debut US$350 Million 144A/Reg S senior unsecured sukuk for Abu Dhabi based Itt...
Shaker Delivers A Speech at Opening of Conference "Digital Transformation in Distribution Networks"
Egypt >> 11/28/2023 - Minister of Electricity and Renewable Energy, Mohamed Shaker, delivered a speech at the opening session of the "Digital Transformation in Distribution Networks" conference organized by Huawei China.
Afdb Approves $131 Mln Loan to Boost Egypt's Private Sector, Green Development
Egypt >> 11/28/2023 - The African Development Bank (AfDB) approved a $131 million loan to Egypt with the aim of bolstering the government’s efforts to stimulate the private sector and diversify its green development follow...
Egypt, IFAD Discuss Enhancing Bilateral Cooperation
Egypt >> 11/28/2023 - Minister of International Cooperation Rania Al-Mashat met on with Dina Saleh, the Regional Director for the Near East, North Africa and Europe at the International Fund for Agricultural Development (I...
Egypt Secures 3rd Place in Offshore BPO Confidence Index 2023
Egypt >> 11/28/2023 - Minister of Communications and Information Technology Amr Talaat announced that Egypt has won the third place, up from 11th in one year, on the Offshore BPO Confidence Index 2023, as assessed by Ryan ...
Madbouli Attends Launching of First Phase E-Platform of Golden License
Egypt >> 11/28/2023 - Prime Minister Mostafa Madbouli witnessed virtually the launching of the first phase of the e-platform of “golden license” for the purpose of offering facilities to investors and improving the busines...
UAE’s DP World Starts Building $80 Mln Logistics Park in Egypt's Ain Sokhna
Egypt >> 11/28/2023 - The UAE's major logistics firm, DP World, has commenced construction on a logistics park in Egypt's Red Sea industrial and tourist hub, Ain Sokhna, with an investment of $80 million, according to a Ca...
Factbox: Hassan Abdalla's Monetary Policy As Head of CBE
Egypt >> 11/28/2023 - Egyptian President Abdel-Fattah El-Sisi recently decreed the formation of a new board of directors for the Central Bank of Egypt (CBE) under Hassan Abdalla, who has served as acting governor of the ba...
Egypt, South Korean STX Sign Mou to Develop Jarjoub Port And Economic Logistics Zone
Egypt >> 11/28/2023 - Egypt has recently entered into a memorandum of understanding (MoU) with the South Korean company STX to develop the Mediterranean port of Jarjoub and its affiliated economic logistics zone, according...
Afdb Downgrades Africa’s GDP Growth for 2023 & 2024
Egypt >> 11/29/2023 - African Development Bank (AfDB) downgraded its forecast of the growth rate of the gross domestic product (GDP) of Africa for 2023 and 2024 to 3.4 percent and 3.8 percent, respectively, from 4.0 percen...
Huawei Hosts Conference on Egypt's Digital Energy Transformation
Egypt >> 11/29/2023 - Chinese technology giant Huawei organized Tuesday a conference on Egypt’s digital transformation in the energy sector.

Titled ‘Accelerating Digital Transformation in Egypt's Energy Sector’,...
EBRD Eyes Minority Stakes in Two Banks Under Egypt's IPO Programme
Egypt >> 11/29/2023 - The European Bank for Reconstruction and Development (EBRD) is seeking the acquisition of minority stakes in state-owned financial institutions earmarked for privatization in Egypt, Heike Harmgart, he...
Uae’s Dp World Starts Building $80 Mln Logistics Park in Egypt's Ain Sokhna
Egypt >> 11/29/2023 - The UAE's major logistics firm, DP World, has commenced construction on a logistics park in Egypt's Red Sea industrial and tourist hub, Ain Sokhna, with an investment of $80 million, according to a Ca...
Suez Canal Records Over 20 Percent Increase in Revenue in November
Egypt >> 11/30/2023 - Egypt’s Suez Canal Authority (SCA) announced that it achieved a significant increase of 20.3 percent with the canal’s revenue reaching $854.7 million in November 2023, compared to $710.3 million in No...
SCZONE, Scatec ASA Sign Mou on Ship Bunkering Worth $1.1 Bn
Egypt >> 12/3/2023 - The Suez Canal Economic Zone (SCZONE),, signed a memorandum of Understanding (MoU) with the Norwegian company Scatec ASA on ship bunkering with green fuel in Eastport Said, with an investment cost of ...
Egypt Signs Letter of Intent to Join Blue Partnership Agreement
Egypt >> 12/3/2023 - Egypt signed Sunday a letter of intent to join the Blue Partnership Agreement, during the activities of the United Nations Climate Conference COP28 held in the United Arab Emirates.

The Mi...

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