Business

Egypt targets 42% renewable energy share by 2030, rising to 60% by 2040 – PM

Egypt targets 42% renewable energy share by 2030, rising to 60% by 2040 – PM

Prime Minister Mostafa Madbouly affirmed that the renewable energy sector receives significant attention from the Egyptian state due to its…
Egypt participates in G20 trade, investment ministerial meeting

Egypt participates in G20 trade, investment ministerial meeting

Egypt took part in the G20 Trade and Investment Ministerial Meeting, hosted by South Africa in Johannesburg from October 9…
Standard & Poor’s raises Egypt’s rating to ‘B’ with stable outlook

Standard & Poor’s raises Egypt’s rating to ‘B’ with stable outlook

Standard & Poor’s announced on Friday that it has upgraded Egypt’s rating to “B” with a stable outlook. The rating…
Prime Minister assures Egypt is working to achieve sustainable downward trend in external debt

Prime Minister assures Egypt is working to achieve sustainable downward trend in external debt

Prime Minister Mostafa Madbouly followed up on efforts of the External Debt Management and Borrowing Regulation Committee and assured his…
Egypt’s Petroleum Minister assures octane price increase will be the last

Egypt’s Petroleum Minister assures octane price increase will be the last

Minister of Petroleum and Mineral Resources Karim Badawi said that the octane price increase will be the last in the…
Egypt, S. Korea seek to enhance regional integration

Egypt, S. Korea seek to enhance regional integration

Minister of Planning, Economic Development, and International Cooperation Rania Al Mashat has said Egyptian-South Korean relations extend beyond bilateral ties.…
Turkish investments in Egypt rise up to US$4 billion: Official

Turkish investments in Egypt rise up to US$4 billion: Official

The Head of the Egyptian Commercial Representation and Minister Plenipotentiary for Trade Abdel-Aziz al-Sherif, affirmed that trade and investment relations…
US dollar price in Egypt now returns to its true value: Economist 

US dollar price in Egypt now returns to its true value: Economist 

Economist Sherif Awad explained on Friday that the Central Bank‘s one percent interest rate cut will have a positive impact…
CBE cuts key interest rates by 100 bps

CBE cuts key interest rates by 100 bps

CAIRO, Oct 2 (MENA) – The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided Thursday to…
Qatar to launch massive Red Sea tourism project with St. Regis

Qatar to launch massive Red Sea tourism project with St. Regis

The Qatari Ambassador to Egypt, Tariq Faraj al-Ansari, has revealed that Qatari Diar Real Estate Investment Company is preparing to…
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