Economy
Egypt sees significant decline in total external debt
July 1, 2024
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
June 28, 2024
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
June 19, 2024
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
June 14, 2024
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
June 8, 2024
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
June 7, 2024
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
June 5, 2024
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
June 5, 2024
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?
June 4, 2024
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
June 3, 2024
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…