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Egypt responds to Moody’s changing its future outlook to negative

Egypt responds to Moody’s changing its future outlook to negative

Egypt’s Finance Ministry assured that the government is working to manage macroeconomic risks with flexibility to contain successive external shocks,…
Owing to Egypt’s economic situation, several international brands to close stores

Owing to Egypt’s economic situation, several international brands to close stores

The Al Shaya Group, a Kuwaiti retail company, has decided to close some of its stores in Egypt due to…
‘A tough new year for Egypt’ – Moody’s expects significant economic pressures

‘A tough new year for Egypt’ – Moody’s expects significant economic pressures

The Moody’s credit rating agency anticipates that Egypt will face significant pressures in 2024 for both debt and financial liquidity.…
Large gold mine discovered in Egypt’s Eastern Desert

Large gold mine discovered in Egypt’s Eastern Desert

The advisor to the Egyptian Minister of Supply for Gold Industry affairs Naji Farag, announced the discovery of a new…
Clashes on Egypt-Israel borders, smugglers arrested

Clashes on Egypt-Israel borders, smugglers arrested

The Israeli army announced that 20 people, including gunmen, approached the Israeli border with Egypt near the Nitzana Border Crossing…
Russia accuses US of starting ‘world war’

Russia accuses US of starting ‘world war’

The US and UK’s attacks on Huthi groups in Yemen continue to escalate, while Russian has demanded to prosecute US…
Egyptian official responds to Israel’s claims regarding Rafah crossing

Egyptian official responds to Israel’s claims regarding Rafah crossing

The head of the Egyptian State Information Service (SIS), Diaa Rashwan, responded to claims made by Israel’s defense at the…
Egypt, IMF agreement on new loan might be accompanied with Egyptian pound devaluation

Egypt, IMF agreement on new loan might be accompanied with Egyptian pound devaluation

Capital Economics, an independent economic research business based in the UK, noted that Egypt’s agreement with the International Monetary Fund…
Egypt rolls out its first self-service ticket machines in Luxor

Egypt rolls out its first self-service ticket machines in Luxor

The first self-service machines for issuing tickets have begun operating in Luxor’s Valley of the Kings. The machines allow Egyptian…
Egypt prepares law on treating foreign tourists

Egypt prepares law on treating foreign tourists

Egyptian Prime Minister Mostafa Madbouly met on Tuesday with Tourism and Antiquities Minister Ahmed Eissa to follow up on preparing…
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