Economy

Earlier today, the state’s Ministry of Petroleum and Mineral Resources revealed a new oil discovery in the Geisum and Tawila West Concession in the Gulf of Suez. According to MENA, …

The Ministry of Finance has recently released a statement revealing that Egypt will be representing Africa at the upcoming eighth annual meetings of the Asian Infrastructure Investment Bank (AIIB), to …

During Monday’s trade, gold prices slightly decreased in Egyptian local markets. Member of the Gold Division of the Cairo Chamber of Commerce, Amir Rizk, declared that gold prices fell by 5 pounds on Monday, so …

In light of the media reports circulating the sale of the United Bank, the Central Bank of Egypt (CBE) strongly rejects the allegations about the start of the due diligence …

Egypt has successfully secured a significant deal worth USD 500 million (EGP 15.4 bln) with the esteemed Abu Dhabi Exports Office (ADEX) to support its vital wheat imports over the …

President Abdel Fattah El-Sisi extended Hassan Abdullah’s term as acting governor of the Central Bank of Egypt (CBE) for another year. This was announced in a presidential decree published in …

The International Finance Corporation (IFC) has just gained the Egyptian Cabinet’s approval to start issuing bonds in Egyptian pounds in foreign markets. The IFC’s issuance of bonds in the local …

According to a statement by the Information and Decision Support Center of the Cabinet (IDSC), Egypt’s net direct foreign investment significantly increased in 2022. UNCTAD released a 2023 global investment …

Local media sources stated that Golden Coast Company, a subsidiary of Golden Pyramids Plaza is considering and studying the possibility of releasing its first green sukuk (Islamic bond) in Egypt. …

Egypt’s Minister of International Cooperation, Dr. Rania Al Mashat, took part in several activities planned by the United Arab Emirates in the run-up to COP28. She spoke on a panel …