In a high-level meeting underscoring Egypt’s accelerating economic reform efforts, Minister of Public Enterprises Sector Mohamed El-Shimy hosted a delegation from the World Bank Group at the Ministry’s headquarters in …
Economy
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Egypt’s Minister of Planning, Dr. Rania Al-Mashat,—as well as Egypt’s Governor at the European Bank for Reconstruction and Development (EBRD)—witnessed the signing of a landmark $100 million sustainability-linked loan (SLL) …
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In a move designed to unlock the potential of Egypt’s micro and small enterprises, the Egyptian Tax Authority (ETA) has introduced a landmark package of tax facilities aimed at …
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EconomyHighlights
Minister Rania Al-Mashat discusses Next steps for CIF-supported decarbonization program with EBRD delegation
In a high-level meeting aimed at reinforcing Egypt’s green industrial transformation, Minister of Planning, Dr. Rania Al-Mashat,met with senior representatives from the European Bank for Reconstruction and Development (EBRD) to …
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EconomyHighlights
CBE Temporarily Raises Daily Cash Withdrawal Limit to EGP 500,000 Amid Network Disruptions
In response to ongoing disruptions in telecommunications infrastructure, the Central Bank of Egypt (CBE) has announced a temporary increase in the daily cash withdrawal limit for both individuals and businesses. …
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EconomyHighlights
Egypt Pushes for Stronger Central Bank Ties and Local Currency Settlements at BRICS Summit in Rio
Egypt has urged BRICS member states to intensify cooperation between their central banks and accelerate the shift toward settling cross-border payments in local currencies, a move aimed at reducing dependence …
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EconomyHighlights
Egypt Stock Exchange Halts Trading Following Major Telecom Data Center Fire in Cairo
Egypt’s stock exchange suspended trading on Tuesday due to widespread communication disruptions impacting brokerage firms across the country, just one day after a fire erupted at a central telecommunications facility …
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EconomyHighlights
CBE Directs Banks to Support Exporters in Fulfilling Global Sustainability Standards
The Central Bank of Egypt (CBE) has issued a directive to all banks encouraging them to actively support exporters in aligning their production processes with international environmental standards. According to …
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EconomyHighlights
Egypt Calls for ‘Tangible’ BRICS Support to Address Emerging Economies’ Challenges
Egyptian Finance Minister Ahmed Kouchouk urged BRICS nations to play a more “tangible and strategic” role in supporting emerging economies facing escalating global pressures, during the Special Session on Financial …
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Egypt’s Central Bank of Egypt (CBE), in cooperation with the COMESA Monetary Institute (CMI), convened a high-level, five-day training program focused on “Micro and Macro Stress Testing for Central Banks.” …
