United Bank of Egypt (UBE) will embark on a significant privatization move by listing 30% of its shares on the Egyptian Exchange (EGX). This strategic initiative is expected to be …
Economy
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The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has invested significantly in Port Said Governorate, injecting EGP 508.7 million into 14,500 small and micro projects over the past decade. …
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The Egyptian Sovereign Fund for Investment and Development (formerly known as The Sovereign Fund of Egypt -TSFE) will now operate under the Ministry of Investment, as per a recent decree …
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Egypt’s former Finance Minister, Mohamed Maait, has been elected as the executive director representing Arab countries and the Maldives at the International Monetary Fund (IMF). The Egyptian cabinet announced his …
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Economy
Egypt’s Finance Minister In Talks with Global Financial Leaders at IMF and World Bank Meetings
Egypt’s Finance Minister, Ahmed Kouchouk, met with representatives from leading financial institutions and investment banks during the annual meetings of the IMF and World Bank in Washington. Key participants included …
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The World Bank President, Ajay Banga, has lauded Egypt’s economic reforms and state-led investment platforms, reaffirming the country’s status as a key partner for the global financial institution. During a …
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The General Authority for Investment and Free Zones (GAFI) hosted a workshop to outline the strategic directions for Egypt’s 2025-2030 foreign direct investment (FDI) strategy. This initiative, supported by the …
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Egypt’s Ministry of Local Development and the Micro, Small, and Medium Enterprise Development Agency (MSMEDA) have signed a strategic cooperation protocol to create a more conducive environment for small businesses …
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Egypt’s trade exchange with the BRICS countries (Brazil, Russia, India, China, and South Africa) has witnessed a steady increase in the first eight months of 2024. According to data from …
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The International Monetary Fund (IMF) has reported that Egypt has experienced net positive portfolio inflows, particularly into local currency bonds, in recent months. This is a positive development for the …
