Economy

E-transfer fee hike: Banque Misr & Bank of Alexandria follow InstaPay’s lead

E-transfer fee hike: Banque Misr & Bank of Alexandria follow InstaPay’s lead

Banque Misr and Bank of Alexandria have decided to implement a new increase in the fees for money transfers through…
Egypt considers importing 15 new Liquefied natural gas shipments in 2025

Egypt considers importing 15 new Liquefied natural gas shipments in 2025

The Egyptian Ministry of Petroleum and Mineral Resources is considering importing more than 15 new Liquefied natural gas (LNG) shipments…
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…
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