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Egypt's Strategic Sugar Reserves Cover 7.8 Months: Supply Minister
Egypt >> 12/12/2023 - Egypt’s strategic sugar reserves can cover local consumption needs for nearly 7.8 months, Minister of Supply and Internal Trade Ali Moselhi revealed in a press conference .

Speaking at the ...
Infograph: Egypt Scheduled to Pay $32.8 Bln in Debt Service in 2024
Egypt >> 12/12/2023 - Egypt is required to pay $32.79 billion in debt service in 2024, according to data released by the Central Bank of Egypt (CBE).

The annual debt service bill is expected to decline to $19.26...
Food Africa, Pacprocess Exhibitions 2023 Kick Off in Egypt
Egypt >> 12/12/2023 - Egyptian Minister of Trade and Industry Ahmed Samir and Minister of Supply and Internal Trade Ali Moselhi opened the Food Africa 2023 and Pacprocess exhibitions, according to a statement .

...
Egypt Likely to Restructure Debt in 2024: Morgan Stanley
Egypt >> 12/12/2023 - Egypt is likely to restructure its debt in 2024 to mitigate the burden of debt service payment through 2025.

The restructuring process could be “pre-emptive in nature,” Bloomberg reported, ...
Cabinet Weekly Meeting Reviews Important Files
Egypt >> 12/13/2023 - The Egyptian Cabinet convened its weekly meeting under Prime Minister Moustafa Madbouli to discuss an array of political, economic and social files.

The latest developments in the internati...
Egypt's Food Industry Exports Hit Record Highs
Egypt >> 12/13/2023 - Egypt's food industry exports reached $4.3 billion in the first ten months of 2023, said Chairman of the Food Export Council (FEC) Hani Barzi .

The figure marks a significant 15 percent inc...
Egypt's Food Exports Surge By 15% in First 10 Months of 2023: Food Export Council
Egypt >> 12/13/2023 - Egypt's food exports increased by 15 percent, reaching $4.3 billion during the first 10 months of 2023, up from $3.8 billion in the corresponding period of 2022, Hany Berzy, head of the Food Export Co...
Developing Countries Struggle With Record $443 Bln Debt Pressures: World Bank
Egypt >> 12/13/2023 - Developing countries spent a record $443 billion to service external debt in 2022 as global borrowing costs surged, straining budgets and raising the risk of debt crises, according to the World Bank’s...
EBRD Considers $35 Million Loan to Arab Investment Bank to Support Msmes
Egypt >> 12/13/2023 - The European Bank for Reconstruction and Development (EBRD) is considering providing two loans totaling $35 million to the Egypt-based Arab Investment Bank (aiBank), according to statements by the EBR...
Tabreed Secures AED600 Million Green Revolving Credit Facility
United Arab Emirates >> 12/13/2023 - ABU DHABI, 14th December, 2023 (WAM) -- Tabreed today announced the successful closure of its inaugural AED600 million Green Revolving Credit Facility (RCF) in partnership with First Abu Dhabi Bank (F...
UAE Showcased Exceptional Leadership at COP28: Noura Bint Turki
United Arab Emirates >> 12/14/2023 - DUBAI, 14th December, 2023 (WAM) -- Saudi Princess Noura bint Turki Al Saud, Sustainable Development Specialist and Founding Partner of AEON strategy, has emphasised the UAE's success in organising th...
Egypt’s Exports to Africa Rise 13 Percent in 10 Months
Egypt >> 12/17/2023 - Egypt’s exports to Africa surged 13 percent year-on-year (YoY) to $6 billion between January and October, Minister of Trade and Industry Ahmed Samir stated .

Top Egyptian exports to Africa ...
Egypt Pays Over EGP 13 Bln Annually in Interest Rate Difference
Egypt >> 12/17/2023 - Egypt bears an annual burden of over EGP 13 billion due to interest rate differences in loans provided domestically at discounted interest rates for production sectors, covering agricultural, industri...
APEX Pharma to Build EGP 4 Bln in Factories in Egypt, Saudi Arabia Next Year
Egypt >> 12/17/2023 - Egyptian pharmaceutical company APEX Pharma has announced plans to pump EGP 4 billion ($130 million) in investments to establish two state-of-the-art pharmaceutical factories in Egypt and Saudi Arabia...
IDSC Reports 15% Decline in Egypt’s Non-Oil Trade Deficit
Egypt >> 12/18/2023 - The cabinet’s Information and Decision Support Centre (IDSC) revealed in a report that Egypt’s non-oil trade deficit contracted by 15 percent to record 9.1 billion during the third quarter of 2023 com...
Dollar Rates Stable at Start of Tuesday's Transactions
Egypt >> 12/18/2023 - 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 buyin...
PM Follows Up on Executive Position of A Number of Projects in South Sinai Governorate
Egypt >> 12/18/2023 - The Prime Minister, Mostafa Madbouly, held a meeting today with the Governor of South Sinai, Major General Khaled Fouda, to follow up and discuss the executive position of a number of projects that ar...
Telecom Egypt Considering Offers to Buy Towers
Egypt >> 12/18/2023 - Telecom Egypt (TE) has received multiple non-binding offers to buy its broadcasting towers, according to a bourse statement released.

The company confirmed that it is currently studying the...
Transport Minister Implementing First Phase of Cairo Metro Line 4
Egypt >> 12/18/2023 - Egyptian Minister of Transport Kamel El Wazir and Japanese Ambassador in Cairo Oka Hiroshi conferred on means of boosting co-operation between the two sides in the various transport fields especially ...
Egypt Joins G20 Per Brazil's Invitation
Egypt >> 12/18/2023 - The Brazilian government invited Egypt to participate as a guest in all G20 meetings during Brazil's presidency of the group, which started in December and will last for one year, Ambassador Ragy El-E...

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