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Cabinet Holds Weekly Meeting to Discuss Number of Important Files
Egypt >> 1/3/2024 - Prime Minister Moustafa Madbouli presided over a weekly Cabinet meeting to discuss an array of political, economic and social files as well as the latest developments in the international arena.
Egyptian Remittances Drop 29.2% in Q1 FY2023/2024
Egypt >> 1/3/2024 - Remittances from Egyptians working abroad dropped 29.22 percent to $4.52 billion in the first quarter of the fiscal year 2023/2024 (July-September) from $6.39 billion in the same period a year earlier...
Egypt Approves Land Sales to Foreign Companies in USD
Egypt >> 1/3/2024 - The Egyptian Cabinet approved the sale of specific tracts of land to foreign companies in US dollars, according to a statement, the latest in a series of steps meant to attract hard currency by sellin...
Egypt Approves Land Sales to Foreign Companies in USD
Egypt >> 1/3/2024 - The Egyptian Cabinet approved the sale of specific tracts of land to foreign companies in US dollars, according to a statement, the latest in a series of steps meant to attract hard currency by sellin...
Egyptian Economy to Recover in 2025: PM
Egypt >> 1/3/2024 - The Egyptian economy is set to fully recover from its current crisis in 2025, Prime Minister Mostafa Madbouly stated in a press conference.

The government is planning to reduce inflation to...
Egypt’s Central Bank Issues $830 Mln USD-Dominated T-Bills
Egypt >> 1/3/2024 - The Central Bank of Egypt (CBE) issued on Tuesday $830 million in USD-denominated treasury bills (T-bills) with a one-year maturity, according to the bank’s website.

The issuance received h...
Egyptian Banks to Repay Over EGP 500 Bln Cds in January: Where Will They Go?
Egypt >> 1/3/2024 - The National Bank of Egypt (NBE) and Banque Misr are set to repay more than EGP 500 billion in principal and interest of 22.5 percent and 25 percent one-year certificates of deposits (CDs) issued in J...
Planning Minister: NPDEF Unprecedentedly Backed by The Political Leadership
Egypt >> 1/8/2024 - Egyptian Minister of Planning and Economic Development Hala el-Saeed has said the National Project for Development of the Egyptian Family (NPDEF) is receiving unprecedented support from the political ...
NFSA, SFDA Discuss Ways to Strengthen Mutual Co-Operation
Egypt >> 1/8/2024 - the National Food Safety Authority held a remote meeting with the Saudi Food and Drug Authority in the presence of the president of the Egyptian trade office in Jeddah, the trade attaché of the embass...
Mashat Discusses With WB Enhancing Technical Co-Operation With Gov’t
Egypt >> 1/8/2024 - Egypt’s Minister of International Co-operation and Egypt’s Governor at the World Bank Group Rania El-Mashat emphasized on Sunday the importance of the partnership with the World Bank Group that extend...
Infograph: Egypt’s Suez Canal Revenues Jump 19.4% in Q3 Of 2023
Egypt >> 1/8/2024 - Since the beginning of last year, Suez Canal revenues increased by over $400 million, which contributed to turning a $10.5 billion deficit in Egypt’s Balance of Payment (BoP) in FY2021/2022 to a surpl...
NAC Announces 4th Phase Expansion
Egypt >> 1/8/2024 - The Administrative Capital for Urban Development (ACUD), the operator of the New Administrative Capital (NAC), announced the fourth phase of the ongoing development plan, Chairman Khaled Abbas said in...
Factbox: Egypt's Economic Strategy for 2024-2030
Egypt >> 1/8/2024 - The Egyptian government launched in January a comprehensive eight-direction economic strategy for the period 2024-2030, the document of which tackles several aspects of economy and quality of life.
Egypt to Launch Real Estate Export Company Targeting $3 Billion in Revenues
Egypt >> 1/8/2024 - Egypt is set to establish a company focused on managing real estate export and leasing activities. The company is planned to generate between $2 and $3 billion in revenues, read a report by the cabine...
President El-Sisi Directs to Increase Expenses on Improving Conditions of Citizens in New Budget
Egypt >> 1/9/2024 - Egyptian Finance Minister Mohamed Maeet has asserted that President Abdel Fattah El Sisi gave directives to increase the expenditure on improving the living conditions of citizens and sustainable work...
Egypt To Start Documenting Numbers Of Refugees And Immigrants
Egypt >> 1/9/2024 - Egyptian Prime Minister Mostafa Madbouly asserted the importance of documenting the number of refugees and immigrants in the country, whose number is estimated at 8-9 million from 133 countries.
Egyptian Economic And Financial Delegation in Washington for IMF Talks: What Do We Know So Far?
Egypt >> 1/9/2024 - A high-level delegation from the Egyptian government has arrived in Washington DC to push forward Egypt's almost standstill loan programme with the International Monetary Fund (IMF), in addition to ex...
World Bank Slightly Downgrades Egypt’s Growth Forecast for 2024
Egypt >> 1/9/2024 - The World Bank downgraded its forecasts for Egypt’s real GDP growth for 2024 to 3.5 percent from 3.7 percent in a previous estimate, according to the Global Economic Prospects report released .
Pakistan Seeks Tenfold Trade Increase With Egypt: Minister
Egypt >> 1/9/2024 - Pakistan seeks to increase trade exchange with Egypt by tenfold in the coming few years, said Gohar Ejaz, Pakistani Federal Minister for Industries and Commerce.

Ejaz made his remarks on th...
Egypt's GAFI, Maxim Group to Establish $1.5 Billion Health Resort
Egypt >> 1/9/2024 - The Egyptian General Authority for Investment and Free Zones (GAFI) signed a contract with Maxim Investment Group (MIG) to establish the country's first medical and health resort, with $1.5 billion in...

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