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 …
Economy
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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 …
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The Egyptian government has reportedly requested an extension from the International Monetary Fund (IMF) regarding the timeline for implementing economic reforms tied to its loan program. According to an anonymous …
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The House of Representatives has approved Egypt’s contribution to the capital increase of the International Finance Corporation (IFC), a key member of the World Bank Group. As part of this …
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Egyptian President Abdel Fattah Al-Sisi arrived in Kazan on Tuesday for the 16th BRICS Summit, marking Egypt’s first participation in the group since its official accession earlier this year. The …
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In a strategic move to bolster microfinance accessibility in Egypt, Al Tadamun Microfinance has entered into a significant EGP 150 million credit facility agreement with Commercial International Bank (CIB). This …
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The African Development Bank (AfDB) has pledged $1.46 billion through 14 operations aimed at enhancing the private sector from 2022 to 2024. This announcement was made by Egypt’s Minister of …
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Prime Minister Mostafa Madbouly shared this update during a meeting of the Coordinating Council for Fiscal and Monetary Policies, aimed at addressing various pressing economic issues. This came on the …
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Egyptian banks will begin offering free bank accounts without any minimum balance requirements. This initiative is part of the government’s efforts to encourage savings and provide accessible banking services to …
