Economy

Egypt sees significant decline in total external debt

Egypt sees significant decline in total external debt

Egypt’s total external debt declined to US$160.607 billion during the first quarter of 2024, compared to $168.034 billion during the…
Egypt tops Africa in attracting foreign direct investment: UNCTAD

Egypt tops Africa in attracting foreign direct investment: UNCTAD

UNCTAD (United Nations Conference on Trade and Development) has announced that Egypt topped African countries in attracting foreign direct investment…
CAPMAS reports 36.5% increase in Egypt’s cotton exports during 2023

CAPMAS reports 36.5% increase in Egypt’s cotton exports during 2023

The annual report of the Central Agency for Public Mobilization and Statistics (CAPMAS) on cotton for the 2022/2023 agricultural season…
Abu Dhabi Ports Group pumps $4.7 million into Egyptian cruise terminals for luxury tourism boom

Abu Dhabi Ports Group pumps $4.7 million into Egyptian cruise terminals for luxury tourism boom

Egypt and Abu Dhabi Ports have finalized an agreement to build cruise ship terminals in several Egyptian ports. These ports…
IMF, Egypt reaches staff level agreement worth US$820 million

IMF, Egypt reaches staff level agreement worth US$820 million

The International Monetary Fund (IMF) announced on Thursday that it reached a staff level agreement with Egyptian authorities on a…
InstaPay gets smarter: Cardless ATM and mobile payments coming soon

InstaPay gets smarter: Cardless ATM and mobile payments coming soon

Enhancements are underway for Egypt’s instant payment network, “InstaPay,” to introduce a range of convenient new services, according to a…
CBE’s foreign exchange reserves rises to record level by end of May

CBE’s foreign exchange reserves rises to record level by end of May

The Central Bank of Egypt (CBE) revealed an increase in the balances of gold listed in the foreign exchange reserve…
GAFI CEO says diversity of economy, investment systems protect Egypt against future risks

GAFI CEO says diversity of economy, investment systems protect Egypt against future risks

CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba said Monday that the diversity of Egyptian…
Is Egypt preparing to impose new taxes?

Is Egypt preparing to impose new taxes?

Egyptian Finance Minister Mohamed Maait said that the “2024/2030 tax policy document” is still under study and the government has…
InstaPay introduces new feature for easier money transfer

InstaPay introduces new feature for easier money transfer

The InstaPay application on Sunday has launched a new update for several of its services, allowing for instant money transfers…
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