Business
IMF Official Lauds Serious Reforms To Enhance Financial Stability In Egypt
April 4, 2024
IMF Official Lauds Serious Reforms To Enhance Financial Stability In Egypt
Alex Segura-Ubiergo, the IMF’s Resident Representative in Egypt, lauded serious reforms introduced by the Egyptian government to enhance financial stability…
Egyptian concessions on foreign currencies now at LE8 billion
March 31, 2024
Egyptian concessions on foreign currencies now at LE8 billion
Three exchange companies affiliated with Egypt’s largest government banks – the National Bank of Egypt (Al-Ahly Exchange), Banque Misr (Misr…
IMF Executive Board approves expanded US$8 billion loan to Egypt
March 30, 2024
IMF Executive Board approves expanded US$8 billion loan to Egypt
The Executive Board of the International Monetary Fund (IMF) on Friday completed the first and second reviews of the extended…
El Dabaa Nuclear Project is the largest cooperation project between Egypt and Russia
March 29, 2024
El Dabaa Nuclear Project is the largest cooperation project between Egypt and Russia
Alexei Kononenko, Vice President of Atom Astroy Export and Project Manager of the Dabaa Nuclear Station, confirmed that there are…
National Bank of Egypt intends to invest five billion LE this year
March 27, 2024
National Bank of Egypt intends to invest five billion LE this year
The National Bank of Egypt, the largest government bank in Egypt, intends to invest up to five billion LE during…
Egyptian-French alliance seeks to develop comprehensive health coverage
March 24, 2024
Egyptian-French alliance seeks to develop comprehensive health coverage
Egyptian Finance Minister and Chairman of the Comprehensive Health Insurance Authority, Mohamed Maait, reviewed a report on the results of…
Egypt signs MoU to establish a Turkish logistics industrial zone in Jarjoub
March 23, 2024
Egypt signs MoU to establish a Turkish logistics industrial zone in Jarjoub
The Egyptian Group for Multi-Purpose Terminals Company (EGMPT), the commercial arm of the Egyptian Transport Ministry for maritime transport and…
SCZONE marks €175 million milestone with groundbreaking of new glass factory, solar power plant
March 22, 2024
SCZONE marks €175 million milestone with groundbreaking of new glass factory, solar power plant
Saint-Gobain breaks ground on its third glass factory in Egypt’s Sokhna zone, investing €175 million on a 200,000 sqm facility…
Egypt allocates over US$12 billion to support citizens in new budget
March 20, 2024
Egypt allocates over US$12 billion to support citizens in new budget
The Egyptian government has allocated LE596 billion (US$12.66 billion) to the support system, as part of the upcoming draft budget…
Standard & Poor’s raises its outlook for Egypt from stable to positive
March 19, 2024
Standard & Poor’s raises its outlook for Egypt from stable to positive
The Standard & Poor’s credit rating agency upgraded Egypt’s outlook from stable to positive, affirming its rating at B-. Standard…