In an ambitious effort to position Egypt as a global startup hub, the Egyptian government is set to introduce a strategic startup charter in the first quarter of 2025. Announced …
Economy
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Egypt’s Minister of Transport, Kamel El-Wazir, recently witnessed the signing of the country’s first-ever ship recycling project agreement at Damietta Port, supporting industrial sustainability, and positioning the country as a …
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Egypt expects the private sector to contribute nearly 987 billion Egyptian pounds ($19.7 billion) to domestic projects during the 2024-2025 fiscal year. This is part of a broader $40 …
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EconomyHighlights
Egyptian Banks Embrace Apple Pay Tokenization, Ushering in Digital Payment Transformation
Several major Egyptian banks have activated card tokenization services through Apple Pay. This follows the Central Bank of Egypt’s (CBE) approval in February 2023 of new regulations allowing the technology. …
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Shares of United Bank soared on their debut on the Egyptian stock exchange, reflecting a growing investor appetite and confidence. This comes just days after Egypt completed the sale of …
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Egypt’s Minister of Planning, Rania Al-Mashat, met with a European Union delegation representing all 27 member states to discuss enhancing strategic investment partnerships aimed at driving Egypt’s economic development. …
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On December 9, 2024, a key meeting in Cairo explored Egypt’s circular and green economy opportunities. The Egyptian Ministry of Environment, the Federation of Egyptian Industries (FEI), and the Centre …
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Egypt’s annual urban consumer price inflation rate eased to 25.5% in November 2024, marking its lowest level since December 2022, according to data from the Central Agency for Public Mobilization …
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EconomyHighlights
Egypt Unveils Ambitious Plan to Boost Investment Climate: El-Sisi Addresses Norwegian Leaders
During a landmark dinner with Crown Prince Haakon of Norway, President Abdel-Fattah El-Sisi highlighted Egypt’s ambitious plan to improve its investment climate and encourage private sector involvement in driving …
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Egypt plans to invest EGP 2 trillion for FY2024/2025, with the private sector contributing 49.7% of this total. Dr. Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, …
