Business

Trade turnover between Russia, Egypt hits record $9 bln in 2024

Trade turnover between Russia, Egypt hits record $9 bln in 2024

Trade turnover between Russia and Egypt climbed by 30 percent in 2024, reaching a record of US nine billion dollars,…
President al-Sisi, Greek PM Sign Joint Declaration on Strategic Partnership between Both Countries

President al-Sisi, Greek PM Sign Joint Declaration on Strategic Partnership between Both Countries

Egyptian President Abdel Fattah al-Sisi and Greek Prime Minister Kyriakos Mitsotakis signed a joint declaration on the strategic partnership between…
Egypt’s foreign reserves rise to US$48.144 billion by the end of April: CBE

Egypt’s foreign reserves rise to US$48.144 billion by the end of April: CBE

The Central Bank of Egypt (CBE) announced that the country’s net foreign exchange reserves rose to approximately US$48.144 billion by…
PM reviews progress in measures to ease investor procedures

PM reviews progress in measures to ease investor procedures

Prime Minister Mostafa Madbouly met with Investment and Foreign Trade Minister Hassan al-Khatib to review progress in implementing presidential directives…
Second tranche of EU financial package to arrive in Egypt within weeks: Ambassador

Second tranche of EU financial package to arrive in Egypt within weeks: Ambassador

The European Union’s Ambassador to Egypt, Angelina Eichhorst, announced that the second tranche of the European financial package – worth…
UAE giant to develop gigantic Suez Canal Zone in 50-year deal

UAE giant to develop gigantic Suez Canal Zone in 50-year deal

The Chairman of the SCZone, Waleid Gamal al-Dien, commented on the signing of an agreement by the UAE’s AD Ports…
Egyptian-Moroccan consultations held in Rabat at level of assistant FMs

Egyptian-Moroccan consultations held in Rabat at level of assistant FMs

CAIRO, May 3 (MENA) – Assistant Foreign Minister for Arab Affairs Ihab Fahmy held political consultations in Rabat with Morocco’s…
Mashat: Fiscal, monetary reforms aim to consolidate macroeconomic stability

Mashat: Fiscal, monetary reforms aim to consolidate macroeconomic stability

Egypt has implemented a series of fiscal and monetary reforms since March 2024 to consolidate macroeconomic stability and advance transition…
Egypt’s rate cut on thin ice? IMF issues stark warning

Egypt’s rate cut on thin ice? IMF issues stark warning

The International Monetary Fund (IMF) has called on Egypt to exercise caution in its path of interest rate cuts, given the…
PM: Supply of Products in Market Influences Pricing

PM: Supply of Products in Market Influences Pricing

Prime Minister Mostafa Madbouly said that the government exerts great efforts to ensure a reassuring stockpile of various commodities, in…
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