The Egyptian Cabinet announced on Friday that the National Wages Council (NWC) has decided to raise the minimum wage for private sector employees from EGP 3,000 to EGP 3,500, starting …
Egyptian Cabinet
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Egypt will switch back to standard time on Friday at midnight. Egyptian citizens and residents will receive an alert to adjust the date from Friday, 12 a.m. to Thursday, 11 …
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EconomyHighlights
Egyptian Cabinet Gives Green Light to IFC to Start Issuing EGP Bonds in Foreign Markets
by Nada Khaledby Nada KhaledThe 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 …
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EconomyHighlights
Egypt Named 1st in Foreign Investment Flows in Africa in 2022
by Nada Khaledby Nada KhaledAccording 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 …
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Highlights
Egyptian Cabinet Launches English E-app to Highlight Gov’t Activities, Decisions
by Nada Khaledby Nada KhaledThe Egyptian cabinet has just launched an official mobile application in the English language, within the framework of enhancing access to information about the activities of the government and highlighting …
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Highlights
Egyptian Cabinet Announces Power Load-Shedding Plans in Several Governorates
by Nada Khaledby Nada KhaledEarlier today, the Egyptian cabinet announced its plan for power load-shedding that will be put into effect as of tomorrow, Tuesday, August 1st, at noon in several governorates. In …
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Highlights
Deputy Governor: CBE Targets Transforming Egypt into Regional Hub for Financial Inclusion
by Nada Khaledby Nada KhaledDuring Seamless North Africa 2023, yesterday, the Deputy Governor of the Central Bank of Egypt (CBE), Rami Aboulnaga, affirmed that the bank’s strategy aims to transform Egypt into a regional …
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News
Egyptian Cabinet Addresses Rumors that Holders of Saudi Arabian Visa Will Be Allowed to Perform Hajj
by Nada Khaledby Nada KhaledEarlier today, the Cabinet Media Center dismissed false reports that Egyptians holding a visa to Saudi Arabia will be allowed to perform Hajj (pilgrimage) this year. In a statement, the …