USAID targets supporting Egypt to reach $25 million exports through TRADE programme, stated deputy chairman of Trade (TRADE) Reform and Development programme, Ahmed El Yazid.
Trade Reform and Development (TRADE) programme aims to increase Egypt's (...)
Egypt plans to offer shares in three of its state-owned companies on the stock exchange (EGX) in the fourth quarter of the year, a government document on the share sale programme showed on Tuesday.
The three companies are the 580-MW facility in (...)
Egypt's central bank will soon join the African Export-Import Bank's (Afreximbank) Pan-African Payment and Settlement System (PAPSS), said president Benedict Oramah on Wednesday.
Orama added that the discussions to activate Egypt's accession to (...)
The International Monetary Fund (IMF) has revised its growth forecast for Egypt's economy to 4.4 percent for 2023 down from its previous July forecast of 4.8 percent, Petya Koeva Brooks, Deputy Director of the Research Department, said on (...)
Egypt hopes to reach an agreement with the International Monetary Fund (IMF) within one to two months, said Finance Minister Mohamed Maait on Thursday.
The size of a new IMF programme has yet to be decided, since "it's usually determined throughout (...)
Egypt is exploring financing financing options that include affordable loans from China and Japan, Finance Minister Mohamed Maait said on Thursday.
The North African country is seeking to diversify its funding sources and has had discussions with (...)
European Bank for Reconstruction and Development (EBRD) strongly supports and backs Egypt's Nexus on Water, Food and Energy Programme for COP27, said EBRD president Odile Renaud-Basso on Wednesday.
The Egyptian Red Sea resort of Sharm El-Sheikh is (...)
Egypt's government prefers now a more flexible exchange rate to support an economy that has come under pressure from the Russia war in Ukraine, its minister of planning said on Tuesday.
"We as a government do agree that a flexible exchange rate is (...)
Italian energy group Eni is planning to invest €4.5 billion ($4.47 billion) in upstream activities each year from now to 2025 focusing on several countries, including Egypt, said a senior official on Tuesday.
"We are fully committed to invest €4.5 (...)
Turkey's annual inflation climbed to a fresh 24-year high of 80.21 percent in August, a bit below expectations according to official data, after the central bank unexpectedly cut interest rates and stoked a cost-of-living crisis.
Inflation has raced (...)
The eurozone annual inflation rate was 8.9 percent in July, 8.6 percent up from in June.
A year earlier, the rate was 2.2 percent. The European Union annual inflation was 9.8 percent in July, 9.6 percent up from in June. A year earlier, the rate was (...)
The euro area economy grew slightly less than initially estimated in the second quarter as signs continue to emerge that momentum is unravelling.
Output rose 0.6pc from the previous three months between April and June, compared with a preliminary (...)
Norway's sovereign wealth fund, the world's largest, made a loss of $174 billion in the first half of 2022, as stocks and bonds were hit by global recession fears and rampant price inflation.
The $1.3 trillion fund's return on investment was a (...)
U.S. crude oil inventories dropped by more than expected last week, according to the Energy Information Administration.
Crude oil inventories dropped 7.056 million barrels against expectations for a draw of 0.275 million barrels.
Distillate stocks (...)
Gold prices fell on Tuesday, after posting its biggest drop in a month in the previous session, as investors watched for signs of further policy tightening by the U.S. Federal Reserve.
Spot gold fell 0.12 percent to $ 1776.3 per ounce by 04:30 PM, (...)
Thailand has started an investigation into imports of steel sheets from Egypt for possible dumping and subsidisation, said head of the Egyptian Authority for Anti-Dumping announced Sunday.
Ibrahim El-Segeiny said the Thai Ministry of Industry had (...)
Egypt's General Authority for Industrial Development will receive technical and financial offers from industrial development companies competing to get lands that have been launched in 10th Ramadan and Sadat cities.
The authority has lately launched (...)
There are a plethora of venues hosting traditional and art events in Cairo; many feel it is a way to contribute to Egyptian society and extend a helping hand during the current difficult times in the country. Those involved in the art and culture (...)
If you are looking for something special from the world of art, architecture, or handmade craftwork, the Mishkah gallery located in Nasr Cit offers a wide variety of colourful products of great quality, from leather bags to wood crafts, glass and (...)
Artist initiative Medrar for Contemporary Art has announced they will be hosting the Fifth Cairo Video Festival in September 2013, and is inviting filmmakers to send in their submissions. The festival provides a platform for sharing and discussing (...)
The first thing you notice when you walk into The Fondue Pot is that you are in a one-of-a-kind place. Warmly welcomed by the waiters and then by Mariam Ghamrawy, one of the establishment's two owners, we sat down to talk about the restaurant's (...)
Egyptian fashion designer Nada Koreish, also going by the name Nada Sim, is all about being unique while delivering comfort and elegance. Koreish designs casual clothes like t-shirts, jeans, denims and cardigans and has her own line of bags and hats (...)
The surreal waves and colours of psychedelic art may not seem to go hand in hand with oriental style, much less an engineer's mind. Yet local engineer-turned-artist Amr Hosny has created an entire collection of work in this style only.
It is an art (...)
The French Institute in Mounira screened five-time award winning film The Minister (L'Exercice d'Etat) last Sunday. It is considered one of the few films that freely explored the façade of French politics. The film was produced in 2011, and was (...)
Local clothing brand Amina K. displayed its latest collection at the Eklego showroom in Heliopolis last Tuesday and Wednesday.
The brand features a new line of handmade Egyptian pieces every season. Amina, the fashion designer and founder of the (...)