Economy

Egypt sets new record in exports for engineering goods

Egypt sets new record in exports for engineering goods

The Egyptian Engineering Export Council has announced a significant 27.3 percent increase in the sector’s exports from January to August,…
Experts call on Egypt’s government to wait on issuing international bonds

Experts call on Egypt’s government to wait on issuing international bonds

Observers and analysts called on the Egyptian government to wait on issuing international bonds until the vision becomes clearer regarding…
Finance Minister says Egypt’s economic situation “reassuring”

Finance Minister says Egypt’s economic situation “reassuring”

Finance Minister Ahmed Kouchouk affirmed Friday 20/9/2024 that Egypt’s economic situation is “reassuring” as reflected in positive budget performance indicators…
Turkish factory opens in Egypt with $110 Million investment

Turkish factory opens in Egypt with $110 Million investment

A new Turkish factory was inaugurated in the Tenth of Ramadan City, east of Cairo, on Wednesday with investments totaling…
Saudi Arabia to inject $5 billion in investments into Egypt as a first phase

Saudi Arabia to inject $5 billion in investments into Egypt as a first phase

The Crown Prince of Saudi Arabia met with Egyptian Prime Minister Mostafa Madbouly to explore available investment opportunities between both…
Saudi Arabia to convert its Egyptian deposits into investments

Saudi Arabia to convert its Egyptian deposits into investments

Egyptian Prime Minister Mostafa Madbouly began his visit to the Saudi capital Riyadh, on Sunday by meeting with the Saudi…
Know your InstaPay limits: Central Bank announces new rules

Know your InstaPay limits: Central Bank announces new rules

The Central Bank of Egypt (CBE) has increased the daily and monthly spending limits for digital payments made using apps…
Global gold prices witness historic hike on Friday

Global gold prices witness historic hike on Friday

Global gold prices hit new record levels on Friday, as gold futures rose by one percent to reach US$2,606 per…
Egypt to launch new package of tax facilities aimed at improving issues

Egypt to launch new package of tax facilities aimed at improving issues

Egyptian Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk will hold a press conference on Wednesday to announce a…
Egypt’s annual core inflation rate rises to 25.1% by end of August

Egypt’s annual core inflation rate rises to 25.1% by end of August

The Central Bank of Egypt (CBE) announced an increase in the annual core inflation rate to reach 25.1 percent in…
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