Economy
Egypt tops African countries recipient of foreign investment for 5th year in a row
May 16, 2022
Egypt tops African countries recipient of foreign investment for 5th year in a row
Egypt remained at the forefront of foreign direct investment in Africa for the fifth year in a row in…
Egypt FM meets delegation from the US’s GreenTech Business Mission
May 15, 2022
Egypt FM meets delegation from the US’s GreenTech Business Mission
Egyptian Foreign Minister Sameh Shoukry on Sunday participated in an event held by the American Chamber of Commerce in Cairo,…
Egypt announces plan to boost economy against global crisis
May 15, 2022
Egypt announces plan to boost economy against global crisis
Egyptian Prime Minister Mostafa Madbouly announced Sunday that the government’s measures to deal with the global economic crisis include strengthening…
SCZone signs deal for $10 billion in investments to produce green fuels
May 14, 2022
SCZone signs deal for $10 billion in investments to produce green fuels
The Suez Canal Economic Zone (SCZone) has signed six memoranda of understanding for investments worth US$ 10 billion for green…
UN expresses support towards Egypt’s structural reform efforts
May 14, 2022
UN expresses support towards Egypt’s structural reform efforts
The Minister of Planning and Economic Development in Egypt, Hala al-Saeed, and the United Nations Resident Coordinator in Egypt, Elena…
The Egyptian pound records its highest price against US dollar in a month
May 12, 2022
The Egyptian pound records its highest price against US dollar in a month
On Thursday morning, the Egyptian pound recorded its highest price in a month against the US dollar, continuing to rise…
Amidst global economic crises, President Sisi reassures Egyptians: ‘We are fine’
May 11, 2022
Amidst global economic crises, President Sisi reassures Egyptians: ‘We are fine’
Amidst global economic crises, Egyptian President Abdel Fattah al-Sisi reassured his people on Tuesday, saying: “The global crisis is unprecedented…
Car prices in Egypt to increase within near future
May 11, 2022
Car prices in Egypt to increase within near future
The head of the Egyptian Automotive Dealers Association Osama Aboul-Magd said that Egypt will witness increasing car prices within the…
Egypt signs grant agreements with EU worth 138 million euros
May 10, 2022
Egypt signs grant agreements with EU worth 138 million euros
The Minister of International Cooperation Rania al-Mashat signed development financing grants with the European Union worth €138 million. This covers…
US dollar climbs to its highest level in 20 years
May 9, 2022
US dollar climbs to its highest level in 20 years
The US dollar rose to a 20-year high on Monday as a combination of rising US Treasury yields and closures…