We are just hours away from the Parliament's extraordinary session, where President Abdel Fattah El Sisi will take the constitutional oath for another six-year term beginning April 3, 2024.
A historic session in which President Abdel Fattah El Sisi (...)
It is evident that external rather than local factors, played a pivotal role in the recent financial breakthrough that sent shockwaves through Egypt's economic community.
I think that Egypt's future economic trajectory necessitates the collaboration (...)
I'd like to congratulate the UAE government and people on the historic agreement reached with Egypt for the development of the city of Ras El Hekma, west of Alexandria. Also, I'd like to express my amazement at the UAE's extraordinary progress in (...)
Sharp swings have been observed in Egypt's FX black market after the news of the signing of an agreement to implement Ras El Hekma resort, northwest Egypt, with investments reaching $22 billion went viral. I think that any move towards creating (...)
* It is essential to handle export and import files properly, with a greater emphasis on the import file, which suffers the most.
* We are at a disadvantage since our overseas "commercial representation" is not fulfilling its mandate, preventing (...)
* 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 (...)
What happened is more than merely operationalising the 'loss and damage' fund or a plea for donations. Instead, it's a global awakening that will soon outbalance.
Message to the United Nations Climate Change Conference (COP28), currently hosted by (...)
A message to the United Nations Climate Change Conference (COP28), currently hosted by the UAE: "As a women born and live in the Middle East region where your meeting is taking place in one of its cities, I feel compelled to remind you of the grave (...)
Egypt's currency swap agreement with the UAE will increase the chances of the North African country boosting its exports to the Emirati market, said CEO of Banque du Caire on Sunday.
Tarek Fayed explained that the deal is a "positive initiative" to (...)
Egypt's recent $1.4 billion currency swap agreement with the UAE will help the North African country secure hard currency and ease borrowing pressure, said chairman of Housing and Development Bank (HDB) on Sunday.
On Friday, the Central Bank of (...)
Egypt's recent $1.4 billion currency swap agreement with the UAE will help reduce demand for the dollar and increase reliance in the pound currency for trade, said chief executive of the United Bank on Sunday.
"This move can lead to increased dollar (...)
Egypt's recent $1.4 billion currency swap agreement with the UAE is one of the unconventional major solutions to ease foreign currency crunch and support economic growth, said executive chairperson of the Industrial Development Bank (IDB).
Ghada El (...)
The recent currency swap agreement between the Central Bank of Egypt (CBE) and the Central Bank of the UAE (CBUAE) will help Egypt's foreign reserves, said SAIB Bank chairman on Sunday.
Tarek El-Kholy also said the agreement is a positive step (...)
The recent currency swap agreement between the Central Bank of Egypt (CBE) and the Central Bank of the UAE (CBUAE) will boost investors' confidence in the Egyptian economy, QNB Al Ahli CEO said on Sunday.
Mohamed Bedeir said the agreement will help (...)
Egypt's Housing Development Bank (HDB) has successfully implemented a very ambitious strategy throughout the past three years, with an eye to become one of the largest commercial banks in the country, its chairman Hassan Ghanem said.
Speaking to (...)
For the third month in a row, Egypt's net foreign reserves have witnessed an increase, despite paying off $1.5 billion of foreign debt, a banking source with knowledge said on Wednesday.
"For several decades, Egypt has proven its commitment to (...)
This year, Egypt has become the most preferred destination for foreign investors among emerging markets. The sale of some state-run assets to gulf investors has helped attract more foreign capitals to the Egyptian market, exceeding $4 billion.
This (...)
Egypt's new high-yield savings certificates are part of "temporary and exceptional" procedures and will not last long, sources told Amwal Al Ghad on Tuesday.
The certificates, issued earlier on Monday following the central bank's 100 basis-point (...)
Abu Dhabi Commercial Bank (ADCB), the fifth largest lender in the Gulf, is entering the Egyptian market, effective Sunday.
The move comes after ADCB had successfully completed its merger with Union National Bank (UNB-Egypt) along with an acquisition (...)
Egypt is implementing a stream of structural reforms designed to enable private-sector led growth, its finance minister Mohamed Maait said on Friday.
They are part of the second phase of a reform programme embarked in 2016 and backed by the (...)
A door-knock mission to the UK has made progress in promoting investment opportunities in several economic sectors in Egypt, wrapping up a three-day visit to the kingdom on Friday.
Organised by the British Egyptian Business Association (BEBA), the (...)
Egypt won a C-category membership in the Council of the International Maritime Organization (IMO) after getting 132 votes out of 165 in an election held in London on Friday.
IMO is a UN organization whose council comprises 40 members elected by the (...)
Egypt's Transport Minister Kamel al-Wazir reiterated on Friday the country's plan to lay the foundation stone for the construction of a $1.2 billion high-speed electrified train link project within April 2020.
It will coincide with the completion of (...)
Egypt is the most attractive African country for investment, announced Menarail Transport Consultant's general manager on Friday on the sidelines of a door-knock mission to the UK.
"Britain is the biggest investor in Egypt," Alfred Assil further (...)
Egypt's governorate believes that the private sector is a key engine of economic growth and has thus undertaken legislative reforms, paving the way for a suitable business atmosphere, said Investment Minister on Friday.
Sahar Nasr made these remarks (...)