Economy

PM affirms gov’t readiness to expand industrial output

PM affirms gov’t readiness to expand industrial output

Prime Minister Mostafa Madbouly reaffirmed the government’s full readiness to support the expansion of industrial activities and boost factory production,…
Al-Mashat discusses economic and investment ties with UK ambassador

Al-Mashat discusses economic and investment ties with UK ambassador

Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat met with British Ambassador to Egypt Gareth Bayley to discuss…
Damietta Port bolsters Egypt’s hub vision with 5 giant cranes for Tahya Misr 1 terminal

Damietta Port bolsters Egypt’s hub vision with 5 giant cranes for Tahya Misr 1 terminal

Kamel El Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, confirmed Damietta Port’s reception of…
Egypt’s trade to BRICS countries soars over 30% post-admission

Egypt’s trade to BRICS countries soars over 30% post-admission

A new report from Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) reveals a significant increase in Egypt’s trade…
Egypt paid US$ 13.3 billion in interest and installments in 3 months: CBE

Egypt paid US$ 13.3 billion in interest and installments in 3 months: CBE

The Central Bank of Egypt (CBE) announced that Egypt has paid approximately US$13.354 billion in interest and installments on its…
Egypt’s tourism sees 25% surge in early 2025, defying regional challenges

Egypt’s tourism sees 25% surge in early 2025, defying regional challenges

Despite facing persistent geopolitical challenges in the region, Egypt’s tourism sector has experienced a notable increase in visitor arrivals, as…
Egypt’s inflation surges at fastest pace this year in May

Egypt’s inflation surges at fastest pace this year in May

Egypt’s urban inflation rate saw its fastest acceleration of the year in May, reaching 16.8 percent year-on-year, up from 13.9…
FM reviews Egyptian efforts to promote investment atmosphere

FM reviews Egyptian efforts to promote investment atmosphere

CAIRO, May 29 (MENA) – Egyptian Minister of Foreign Affairs and Emigration Badr Abdelatty held a high-level meeting in Rabat…
Egypt looks forward to establishing American industrial zone in Suez Canal: Sisi

Egypt looks forward to establishing American industrial zone in Suez Canal: Sisi

Egyptian President Abdel Fattah al-Sisi on Monday received a delegation of US businessmen participating in the Egyptian-US Economic Forum held…
Economist says Egypt’s debt servicing bill exceeds 50% of public spending

Economist says Egypt’s debt servicing bill exceeds 50% of public spending

Economic expert Nermin Tahoun said that Egypt’s debt servicing bill currently exceeds 50 percent of public spending, which poses a…
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