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CIB eases international spending limits for credit cards

CIB eases international spending limits for credit cards

The Commercial International Bank announced Monday that it has eased international spending limits on all credit cards inside and outside…
‘Egyptians abroad car import’ initiative surpasses expectations, nearing $2 billion in revenue

‘Egyptians abroad car import’ initiative surpasses expectations, nearing $2 billion in revenue

Mohamed Maait, Egyptian Minister of Finance, confirms that the applications registered by Egyptian citizens residing abroad to benefit from the…
CAPMAS reports 36.5% increase in Egypt’s cotton exports during 2023

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

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…
Petroleum min., Japanese amb. discuss arrangements for Arab-Japan Economic Forum

Petroleum min., Japanese amb. discuss arrangements for Arab-Japan Economic Forum

CAIRO, June 11 (MENA) – Minister of Petroleum and Mineral Resources, Tarek el-Molla discussed with Japanese ambassador in Cairo Oka…
IMF, Egypt reaches staff level agreement worth US$820 million

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

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

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

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?

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…
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