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. …
Economy
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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, …
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On December 8th, Waleid Gamal El-Dein, Chairman of the Suez Canal Economic Zone (SCZone), officially laid the foundation for Henneway’s $50 million luggage manufacturing facility in the Qantara West …
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In a compelling address at the Doha Forum 2024, Prime Minister Mostafa Madbouly underscored Egypt’s impressive progress in reducing unemployment, which now stands at a historically low 5.6%. This …
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Economy
Mauritanian Delegation Learns from Egypt’s Financial Inclusion and Literacy Strategies in Landmark Exchange
A delegation from the Financial Inclusion team at the Banque Centrale de Mauritanie (BCM) recently traveled to Egypt for a knowledge exchange program. The visit, organized in collaboration with the …
