Economy

Egypt’s external debt fell by US$12.9 billion in 2024

Egypt’s external debt fell by US$12.9 billion in 2024

Reforms led by the Central Bank of Egypt (CBE) contributed to the country’s largest ever decline in external debt in…
Finance Ministry highlights initiatives to stimulate economic activity

Finance Ministry highlights initiatives to stimulate economic activity

The Ministry of Finance outlined several initiatives to stimulate economic activity, empower the private sector and support productive industries in…
Goldman Sachs lowers US yield outlook, cites tariff-driven slowdown

Goldman Sachs lowers US yield outlook, cites tariff-driven slowdown

Goldman Sachs has lowered its forecasts for US debt yields by the end of 2025, citing the potential for an…
Transfer and inquiry fees implemented on InstaPay starting Tuesday

Transfer and inquiry fees implemented on InstaPay starting Tuesday

New fees for transfer and inquiry services on the “InstaPay” application have come into effect on Tuesday, April 1, 2025.…
PM attends signing of $1.65 bln metal industries complex deal

PM attends signing of $1.65 bln metal industries complex deal

Prime Minister Mostafa Madbouly attended the signing of a $1.65 billion contract to establish the Shin Feng Integrated Metal Industries…
PM reviews IFC advisory services deal to expand private sector’s participation in airports’ management

PM reviews IFC advisory services deal to expand private sector’s participation in airports’ management

CAIRO, March 24 (MENA) – Prime Minister Mostafa Madbouly reviewed with Vice-President of International Finance Corporation (IFC) for Africa Sérgio…
Health Minister: Gov’t discusses steps to facilitate foreign investment

Health Minister: Gov’t discusses steps to facilitate foreign investment

Deputy Prime Minister for Human Development and Minister of Health and Population, Khaled Abdel Ghaffar chaired a government meeting to…
GAFI, Mashreq Bank ink deal to attract foreign, local investments

GAFI, Mashreq Bank ink deal to attract foreign, local investments

General Authority for Investment and Free Zones (GAFI) and Mashreq Bank Saturday 22/3/2025 sealed a cooperation deal to boost cooperation…
LMD Announces Completion of Phase One of Business Quarter at “ONE NINETY” in New Cairo

LMD Announces Completion of Phase One of Business Quarter at “ONE NINETY” in New Cairo

  Landmark Real Estate Development (LMD), a leading developer of integrated real estate projects, has announced the completion of all…
CBE may cut interest rates by 6% in next 2 meetings: J.P. Morgan

CBE may cut interest rates by 6% in next 2 meetings: J.P. Morgan

American multinational financial firm J.P. Morgan anticipates interest rates in Egypt to be cut by six percent during the Central…
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