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Egypt Central Bank Raises Daily Cash Withdrawal Limit to EGP 250,000
Egypt >> 4/15/2024 - The Central Bank of Egypt (CBE) has raised the daily cash withdrawal limit in Egyptian pounds for corporations and individuals from banks to EGP 250,000, up from EGP 150,000.

The CBE also i...
Egypt’s External Debt to Remain High in FY23/24 Due to EGP Depreciation: IMF
Egypt >> 4/17/2024 - Egypt’s external debt is projected to rise during the current FY2023/2024 due to the depreciation in the exchange rate, Era Dabla-Norris, the Deputy Director of the Fiscal Affairs Department at the In...
Stock Markets Rise As Traders Consider US Rate Outlook
Egypt >> 4/17/2024 - Major stock markets in Asia and Europe mostly rose Thursday with traders mulling the outlook for US interest rates as Federal Reserve officials questioned the need for a cut anytime soon.

O...
Egypt’s Al-Mashat Addresses WBG, Urges Enhanced Collaboration, Balancing Development Priorities
Egypt >> 4/17/2024 - Egypt’s Al-Mashat addresses WBG, urges enhanced collaboration, balancing development priorities.

Egypt’s Minister of International Cooperation Rania Al-Mashat, delivered a speech as the Gov...
Egypt Aims to Accelerate Privatisation Programme, No Int’l Bond Issuance in Current FY23/24
Egypt >> 4/17/2024 - Egypt’s government plans to complete the privatization of the state-owned companies within a period of 3 to 5 years, Minister of Finance Mohamed Maait stated to Asharq News.

Maait made his ...
CBE to Cut Interest Rates By 2% in May; Inflation to Decrease to 20% By End of 2024: Goldman Sachs
Egypt >> 4/23/2024 - The Central Bank of Egypt (CBE) is expected to cut the key interest rates in May by two percent (200 bps), based on its view of inflation decreasing to 20 percent by the end of 2024, the US-based inve...
FACTBOX: Key Targets of Egypt’s FY2024/2025 Budget Plan
Egypt >> 4/28/2024 - Egypt’s budget plan for the upcoming FY2024/2025 comes in line with the government commitments to the International Monetary Fund (IMF) under the fund’s loan programme for the country.

The ...
IFC’s Banking Finance Network Upgrades Egypt’s Performance to ‘Advancing’
Egypt >> 4/28/2024 - The Sustainable Banking and Finance Network (SBFN) - an initiative of the International Finance Corporation (IFC) - has upgraded Egypt's classification from "Developing-Advancing" to "Advancing" in it...
Mashat Highlights Investing in Human Capital Importance
Egypt >> 4/29/2024 - During the special meeting of the World Economic Forum (WEF) held in the Saudi capital, Riyadh, Minister of International Cooperation, Rania Al-Mashat, emphasized the significance of investing in huma...
"Decent Life" Sends Gaza 503 Aid Trucks Worth LE530M
Egypt >> 4/29/2024 - The Decent Life Initiative, targeting to develop the Egyptian countryside, took part in donating humanitarian aid to Gaza Strip enduring Israeli shelling since October by sending 503 trucks to the enc...
MSMEDA Partners With Alkhair Microfinance to Empower Micro-Projects With EGP 30M
Egypt >> 4/29/2024 - The Micro, Small and Medium Enterprises Development Agency (MSMEDA), signed a contract to provide financial support to micro-projects with AlKhair Microfinance Company, with a total value of EGP 30 mi...
SCZONE Head Meets Indonesian Trade Delegation
Egypt >> 4/29/2024 - Chairman for the General Authority of Suez Canal Economic Zone (SCZONE) Walid Gamaleddin Monday discussed with a delegation from the Indonesian Ministry of Trade and Industry ways of joint cooperation...
Egypt Appreciates Developmental Role of Japanese Investments - Minister
Egypt >> 4/29/2024 - Minister of Finance Mohamed Maait hailed the developmental role of Japanese investments in Egypt.

Egypt looks forward to deepening economic and trade cooperation with Japan to achieve susta...
Cabinet Approves Amendments to Several Agreements With Us, Eu
Egypt >> 5/1/2024 - The cabinet under Prime Minister Moustafa Madbouli approved a number of draft presidential decrees introducing amendments to several agreements with the US and the European Union.

Among tho...
Cabinet Weekly Discusses Number of Important Files
Egypt >> 5/1/2024 - The Cabinet started its weekly meeting under Prime Minister Mostafa Madbouli at the government headquarters in the New Administrative Capital (NAC) to discuss a number of political, economic and socia...
Madbouli Witnesses Inking of Land Deals to Implement 2 Electricity Projects in Sohag
Egypt >> 5/1/2024 - Prime Minister Moustafa Madbouli witnessed a ceremony for inking two land hand-over minutes to implement two projects of establishing stations for generating electricity from wind energy in the west o...
Egypt to Apply Capital Gains Tax Starting 2025
Egypt >> 5/1/2024 - Egypt has decided to apply the capital gains tax on shares and stakes listed in the Egyptian Stock Exchange (EGX) starting from the tax season of March/April 2025, through the Egyptian Clearing Compan...
US Federal Reserve Keeps Interest Rates at 23-Year High
Egypt >> 5/2/2024 - The US Federal Reserve held interest rates steady for a sixth straight meeting, keeping the level at a 23-year high to fight stubborn price increases.

After a two-day gathering, the centra...
Egypt, UK Strengthen Investment And Trade Relations Through Mou Signing
Egypt >> 5/2/2024 - The General Authority for Investment and Free Zones of Egypt (GAFI) and the British Foreign Ministry have signed a memorandum of understanding (MoU) to strengthen investment and trade relations betwee...
Egypt Launches First Integrated Waste Management City in The Middle East
Egypt >> 5/2/2024 - Egypt is setting a benchmark in the region with the development of its first integrated waste management city in the Middle East, located in the 10th of Ramadan City.

This pioneering projec...

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