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 …
Economy
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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.” …
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EconomyHighlights
Seville Summit Spotlights Egypt’s NWFE Platform as Blueprint for Global Financial Reform
In a landmark endorsement of Egypt’s innovation, the final declaration of the United Nations’ fourth International Conference on Financing for Development (FFD4) in Seville cites Egypt’s country platform for the …
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EconomyHighlights
Egypt’s Planning Min. in Talks with UNCTAD and OPHI Leaders During 4th Int’l Conf. on Financing for Development
On the sidelines of the Fourth International Conference on Financing for Development, Egypt’s Minister of Planning, Dr. Rania A. Al-Mashat, held high-level discussions with global development leaders to reinforce international …
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Egypt will begin disbursing 50% of the arrears owed to exporters for shipments delivered before the end of June 2024, starting in fiscal year 2025/2026, according to a statement by …
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EconomyHighlights
Private Investment Surges to 62.8% of Egypt’s Total in Q3 FY 2024/2025 Amid Public Spending Reforms
Egypt’s private sector has solidified its lead as the main engine of capital formation in the economy, according to new data from the Ministry of Planning, Economic Development, and International …
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In a strategic move to safeguard Egypt’s industrial base and strengthen market integrity, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir has announced the …
