The exchange rate between the Egyptian Pound (EGP) and the US Dollar (USD) remained steady when the market opened on Monday, May 27, 2024. The National Bank of Egypt, Banque …
Economy
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Economy
Al Mashat Reveals to the House of Representatives’ Foreign Relations Committee that Egypt has Secured a Substantial $38.8 Billion in Development Financing
The Ministry of International Cooperation (MoIC) informed the House of Representatives’ Foreign Relations Committee that Egypt has successfully obtained a significant $38.8 billion in development financing and grants over the …
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The United Nations Industrial Development Organization (UNIDO), in partnership with Egypt’s Ministry of Trade and Industry, organized a forum on Monday 20 May 2024 at the Dusit Thani Hotel Cairo …
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The Central Bank of Egypt (CBE) announced the sale of fixed-return deposits worth EGP 872.550 billion through the 7-day open market mechanism. On its official website, the Central Bank disclosed …
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This past week was filled with a wide range of events, situations, and emotions, from uplifting and inspirational to very sorrowful which marked the death of persons who will be …
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Samsung Electronics recently announced a total investment exceeding $700 million in its manufacturing complex in Beni Suef, Egypt. This facility, the first of its kind in the Middle East and Africa and one …
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Hassan Ghanem, CEO and Managing Director of the Housing and Development Bank (HDB), emphasizes the bank’s unwavering dedication to supporting women, a critical pillar for sustainable development. Aligned with the …
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Egypt’s Minister of Planning and Economic Development, Hala Al-Saeed, emphasized the government’s commitment to fostering entrepreneurship, innovation, and the growth of startups as well as small and medium-sized enterprises. She …
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Economy
Al Mashat Stresses the Need for Overall Stability and Moving Forward in Implementing Economic and Structural Reforms
Minister of International Cooperation and Governor of Egypt at the European Bank for Reconstruction and Development (EBRD) Rania al Mashat has emphasized the importance of maintaining overall stability and advancing …
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During the past week, global gold prices increased 2.3%, equating to a $54 rise. This upturn was fueled by mounting anticipation that the US Federal Reserve could halt its monetary …
