Economy

Egypt’s trade balance deficit saw a significant reduction in October 2024, dropping to $3.66 billion from $4.36 billion in the same month of the previous year, marking a 16% decline. …

President of the European Parliament, Roberta Metsola,  is in Egypt for a two-day visit aimed at deepening the relationship between Egypt and the European Union (EU), with a focus on …

Egypt’s Ministry of Planning, Economic Development, and International Cooperation has announced that development financing for the local and foreign private sector in the country reached a substantial $4.2 billion by …

  Cyprus President Nikos Christodoulides will travel to Cairo today for the highly anticipated 10th Cyprus-Greece-Egypt Trilateral Summit and the 2nd Cyprus-Egypt Intergovernmental Meeting. The summit will address a range …

  PayMint, a leading financial technology company, has announced the approval from the Central Bank of Egypt to launch its first prepaid “Meeza” card in collaboration with Abu Dhabi Islamic …

In a bid to foster sustainable urban development and promote environmental responsibility, Egypt is advancing its Green Cities Program with the European Bank for Reconstruction and Development (EBRD). The goal …

Egyptian Prime Minister Mostafa Madbouly has announced a new initiative valued at EGP 30 billion aimed at supporting the country’s industrial sector over the next five years. This initiative, detailed …

  Egypt has officially received the first installment of a EUR 1 billion ($1.03 billion) financial aid package from the European Union (EU), as confirmed by Prime Minister Mostafa Madbouly. …

Egypt’s President, Abdel Fattah El-Sisi, issued Decree No. 110 for 2024, approving Egypt’s subscription to the capital increase of the International Finance Corporation (IFC), with a contribution of 28,940 shares. …

Egypt’s Ministry of Social Solidarity announced that 4.7 million families received a total of EGP 41 billion in cash transfers in 2024 through the Takaful & Karama and social insurance …