Egypt's Finance Minister, Dr. Mohamed Maait, stressed the detrimental impact of Africa's financing gap on development investment rates. He emphasised the need for debt alleviation to achieve developmental and climate goals across African nations, (...)
The proposed Africa Energy Bank, poised to focus on oil and gas investments continent-wide, plans to commence operations later this year with an initial $5 billion capital, according to Reuters citing a senior official as saying on Wednesday.
The (...)
Engineering Export Council of Egypt (EEC) announced an increase in engineering industries exports in February 2024, recording the highest monthly figure in the history of engineering exports, reaching $459m, compared to $345m in February 2023.
The (...)
The European Union (EU) is preparing a €7.4b aid package for Egypt to support its economy and address potential financial challenges exacerbated by conflicts in Gaza and Sudan, Financial Times reported on Wednesday.
European Commission president (...)
Trade and Industry Minister Ahmed Samir reported a significant 6% growth in Egypt's merchandise exports for January and February 2024, reaching a total of $6.12bn. This marks an increase from the $5.8bn, recorded during the same period in 2023.
The (...)
Egypt's commodity exports increased by six per cent growth during January and February of 2024, reaching $6.121 billion compared to $5.764 billion in the same period in 2023, the Cabinet announced on Monday.
The report identified Turkey as the top (...)
Hassan Allam Holding, a leading construction and engineering group in Egypt, has inaugurated its new regional headquarters in Saudi Arabia, as part of its strategic plan to grow its presence across the Middle East and Africa. The launch marks a (...)
The Engineering Export Council of Egypt announced that the exports of engineering industries increased by 25.4% in January 2024, reaching $348m, compared to $277.7m in January 2023.
The council stated that the most prominent sectors that saw an (...)
Egypt's Foreign Minister Sameh Shoukry emphasised the importance of the "political consultation mechanism" as a framework that brings Egypt and the Gulf Cooperation Council (GCC) countries closer and creates opportunities for partnership and (...)
Minister of Trade and Industry Ahmed Samir called on the business community in Arab and Turkish countries to use their strong political ties to boost economic cooperation in various sectors, such as joint manufacturing, integration of inputs, (...)
قناة النجع تعتبر واحدة من القنوات الرائدة التي تقدم محتوى فريدًا للجماهير، سواء داخل ليبيا أو في جميع أنحاء العالم، تقدم مجموعة متميزة من البرامج تشمل تغطية شاملة لأحداث ليبيا، بالإضافة إلى برامج ترفيهية متميزة، وبفضل ذلك، اكتسبت القناة قاعدة (...)
A delegation of Egyptian businesspeople and 15 Egyptian companies from the sectors of household appliances, tableware, kitchenware, electrical appliances, auto spare parts, agricultural machinery, and electrical industries of cables and generators, (...)
Egypt's trade balance deficit fell by 68 per cent in January 2024, a significant improvement, the Egyptian Cabinet said in a statement on Tuesday.
The statement said that the Egyptian commodity exports surged to $3.12 billion in January 2024, up (...)
Egypt's President Abdel Fattah Al-Sisi said on Monday that the Suez Canal, which used to earn about $10bn a year, has seen its revenues drop by 40-50%.
He made this remark at the opening of the seventh Egypt International Energy Conference and (...)
Sullex", Is establishing the first integrated city for logistics, chilled & frozen food industrial services in Egypt with an investment exceeding 150 million dollars, on an area of 510,000 square meters in Giza Governorate.
"Sullex" Company has (...)
International Monetary Fund's (IMF) managing director Kristalina Georgieva expressed confidence on Sunday in the economic outlook despite uncertainties related to war and geopolitics, citing that global economy has remained resilient.
The IMF is set (...)
The United Nations launched an urgent appeal on Wednesday, urging the international community not to overlook the millions suffering in war-torn Sudan. They requested $4.1bn in aid to prevent famine and assist refugees who fled to neighbouring (...)
Egypt's Deputy Foreign Minister for African Affairs, Hamdy Loza, affirmed on Monday Egypt's full support for the reconciliation between Libyan factions without any foreign interference. He emphasized that Libyans must have full ownership of their (...)
Mohamed Hegazy, a prominent consultant specializing in digital transformation, innovation, and intellectual property legislation, has been selected as an international legal expert for a project funded by the European Union (EU).
He will be (...)
German oil and gas producer Wintershall Dea said on Thursday its activities in Algeria, Egypt, Libya, and the UAE will be under one joint business unit for the MENA region, under the leadership of Sameh Sabry.
Sabry's appointment is effective as of (...)
The Engineering Export Council of Egypt announced that the sector's exports increased by 10.5% in 2023, reaching approximately $4.25bn for the first time in the history of engineering exports, compared to $3.84bn in 2022.
The exports of cables (...)
* Foreign currency would not be an issue in the presence of a strategic plan with realistic goals that would be carried out by professionals
* Successful export strategy does not only imply achieving targeted figures, but also to boost exports. A (...)
خارطة طريق للخروج من الأزمة الاقتصادية:
المشكلة الاقتصادية المصرية لا يمكن أن تُختزل فى موضوع تثبيت أو تحرير أسعار الصرف، ولكن فى عدم كفاءة الهيكل الإنتاجى، وبالتالى مرونة الصادرات والواردات.
مدي جدوي التعويم والتخفيضات:
حقيقتا ان التخفيضات (...)
Egypt's Maridive & Oil Service announced on Monday that its unit Al-Mayez Oil and Gas Services Co. was awarded a three-year contract with Mellitah Oil and Gas Company, one of the biggest oil companies in Libya.
Maridive has a 49 per cent share in (...)
Oil went up in early Tuesday trade. Brent crude climbed by 0.19 per cent, or about 0.14 cents, to reach $80.21 a barrel at 03:27 am CDT, according to Bloomberg news.
West Texas Intermediate soared by 0.24 per cent, or 0.18 cents, to trade at $74.94 (...)