Economy

US dollar in decline, stock prices suffer 3% loss

US dollar in decline, stock prices suffer 3% loss

Major stock indices fell on Friday, with the US dollar now trading sharply lower after US President Donald Trump issued…
Sisi ratifies final accounts for FY 2023–2024 budgets of several authorities

Sisi ratifies final accounts for FY 2023–2024 budgets of several authorities

CAIRO, May 22 (MENA) – President Abdel Fattah al-Sisi has ratified laws approving the final accounts for the budgets of…
Central Bank of Egypt cuts key interest rates

Central Bank of Egypt cuts key interest rates

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE), at the conclusion of its meeting this Thursday,…
PM: Gov’t looking forward to self-sustained economic system

PM: Gov’t looking forward to self-sustained economic system

CAIRO, May 21 (MENA) – Prime Minister Mostafa Madbouly said the government is working on detailed plan for 2030 that…
Egypt to receive 4 billion euros in EU budget support

Egypt to receive 4 billion euros in EU budget support

Minister of Planning, Economic Development, and International Cooperation Rania al-Mashat announced that efforts are in place alongside the European Union…
SCZone, GS Global Sourcing Co. to set up 15-million-dollar project in Qantara area

SCZone, GS Global Sourcing Co. to set up 15-million-dollar project in Qantara area

The Suez Canal Economic Zone (SCZone) signed on Sunday, 18-5-2025, a contract with GS Global Sourcing Co Ltd to set…
Mashat hold talks with IMF to secure US$ 1.3 billion financing from RSF

Mashat hold talks with IMF to secure US$ 1.3 billion financing from RSF

Egyptian Minister of Planning, Economic Development and International Cooperation Rania al-Mashat held a meeting with the International Monetary Fund (IMF)…
Which Arab country has the most significant trade with the US?

Which Arab country has the most significant trade with the US?

Egypt recorded the highest growth rate in trade with the US in the Middle East, reaching 69 percent, according to…
Egypt sees unprecedented, historical leap in expat remittances: CBE

Egypt sees unprecedented, historical leap in expat remittances: CBE

The Central Bank of Egypt (CBE) announced that remittances from Egyptians working abroad has seen a unprecedented and historic leap…
UAE giant to develop gigantic Suez Canal Zone in 50-year deal

UAE giant to develop gigantic Suez Canal Zone in 50-year deal

The Chairman of the SCZone, Waleid Gamal al-Dien, commented on the signing of an agreement by the UAE’s AD Ports…
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