EGP nudges lower against USD in early July 2 trading    Gaza under Israeli siege as death toll mounts, famine looms    New accords on trade, security strengthen Egypt-Oman Relations    Egypt launches public-private partnership to curb c-sections, improve maternal, child health    Egypt Post discusses enhanced cooperation with Ivorian counterpart    EMRA, Elsewedy sign partnership to explore, develop phosphate reserves in Sebaiya    Opella becomes first global consumer healthcare firm to gain B Corp status    Philip Morris Misr announces new price list effective 1 July    EGX closes in red on July 1st    Egypt, Iran FMs discuss Gaza truce, nuclear talks revival    Egypt's Environment Minister calls for stronger action on desertification, climate resilience in Africa    Egypt in diplomatic push for Gaza truce, Iran-Israel de-escalation    Egypt teams up with private sector to boost university rankings    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger    Egypt, Tunisia discuss boosting healthcare cooperation    Egypt's commodity reserves "very reassuring", some stocks sufficient for 9 months — trade chief    Egypt's FM, China's Wang discuss Iran-Israel escalation    Sisi launches new support initiative for families of war, terrorism victims    Egypt's GAH, Spain's Konecta discuss digital health partnership    Grand Egyptian Museum opening delayed to Q4    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Doaa A Moneim
Egypt sells $3 bln US-dollar dominated eurobonds
Egypt issued on Thursday US-dollar dominated eurobonds in three types with a total amount of about $3 billion, the Ministry of Finance announced on Friday. Eurobonds issuance is one of the debt instruments the country resorts to in order to finance (...)

24 - 09 - 2021
Huawei Technologies has invested $10 mln over 5 years in innovation centres in Egypt
Huawei Technologies has invested about $10 million over the past five years to set up three innovation centres in Cairo, according to Vice President of Global Communications at Huawei Technologies Karl Song. Song's comments came in response to a (...)

23 - 09 - 2021
Global institution leaders discuss with vaccines manufacturers accelerating production, distribution
The heads of the International Monetary Fund (IMF), World Bank Group (WBG), World Health Organization (WHO) and World Trade Organisation (WTO) met with the CEOs of leading vaccine manufacturing companies to discuss strategies to improve the access (...)

16 - 09 - 2021
Central Bank of Egypt leaves interest rates on hold
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has maintained the overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25 percent, and 8.75 percent, respectively. The (...)

16 - 09 - 2021
Monetary Policy Committee of Egypt's CBE to review interest rates on Thursday
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will convene on Thursday to review the key interest rates for the sixth time in 2021. In the last meeting — held on 5 August — the MPC decided to maintain the CBE's current (...)

15 - 09 - 2021
Egyptian expats' remittances hike to all-time high of $31.4 bln in FY 2020/21: CBE
Egyptian expats' remittances jumped to an unprecedented rate of 13.2 percent in FY 2020/2021 to post $31.4 billion, up from $27.8 billion in FY 2019/2020, the Central Bank of Egypt (CBE) announced on Wednesday. CBE data showed that Egyptian expats' (...)

15 - 09 - 2021
Forum cooperation on SDGs
Green recovery, securing development finance, and mobilising international efforts to achieve the UN Sustainable Development Goals (SDGs) while recovering from the repercussions of the Covid-19 pandemic were the main topics at the two-day (...)

14 - 09 - 2021
World Bank's IFC grants BCI Holding $30 mln loan to expand business in three MEA countries, including Egypt
The International Financial Corporation (IFC), a member of the World Bank Group, announced on Tuesday that it has provided the UAE-based BCI Holding SA Group — a leading regional manufacturer and distributor of polyurethane (PU) raw materials, (...)

07 - 09 - 2021
CBE's Tarek Amer among best 10 central bank governors globally: Global Finance
The Global Finance magazine has chosen the Governor of the Central Bank of Egypt (CBE) Tarek Amer as among the top-ten central banks' governors list for 2021, awarding him "A" grade. The list contains the central bank governors who earned "A" or (...)

05 - 09 - 2021
Planning, petroleum ministries sign protocol to link Decent Life Initiative's villages to natural gas grids
The Ministry of Planning and Economic Development and the Ministry of Petroleum and Mineral Resources have inked a cooperation protocol concerning financing the implementation of natural gas grid projects in accordance with the Decent Life (...)

01 - 09 - 2021
Preparing for the ICF
As the world deals with the repercussions of two years of the Covid-19 pandemic that have slowed down efforts to meet the 17 UN Sustainable Development Goals (SDGs) that are slated to be reached by 2030, Egypt's Ministry of International Cooperation (...)

31 - 08 - 2021
Egypt plans to raise the Suez Canal's revenues to EGP 99.3 bln in FY2021/22: Planning minister
Egypt plans to raise the Suez Canal's contribution to the GDP in the current FY2021/2022 by 5.6 percent so that it may reach EGP 99.3 billion (in fixed prices), up from EGP 93.9 billion in FY2020/2021, Minister of Planning and Economic Development (...)

29 - 08 - 2021
Egypt to launch International Cooperation Forum under patronage of President Sisi
Egypt's Ministry of International Cooperation has announced that it will launch the 'Egypt - International Cooperation Forum (ICF): Engaging for Impact' on 8 September over two days, under the patronage of President Abdel-Fattah El-Sisi, with (...)

25 - 08 - 2021
Connecting continents
The Africa Singapore Business Forum (ASBF), a platform for business exchange and boosting trade between Africa and Asia, kicked off on Monday for its sixth edition and is scheduled to conclude on 27 August. Organised by Enterprise Singapore, a (...)

24 - 08 - 2021
Egypt to receive €151.5 mln fund from Germany to finance 15 projects in 8 sectors
Germany is set to allocate soft development funds to the tune of €151.5 million to finance 15 development projects in eight sectors in Egypt, the Ministry of International Cooperation announced on Wednesday. The sectors are technical education, (...)

18 - 08 - 2021
Egypt's international cooperation minister, Japanese ambassador discuss future development projects
Egypt's Minister of International Cooperation Rania Al-Mashat met on Sunday with Japanese Ambassador to Egypt Masaki Noke to discuss Egyptian-Japanese economic relations and future development cooperation projects. The meeting came as part of (...)

15 - 08 - 2021
Egypt's banks 'comfortable'
In an interview with Al-Ahram Weekly, director of financial institutions at the international ratings agency Fitch Ratings Zeinab Abdallah described the operating environment of Egypt's banks, explaining why the agency has upgraded its outlook for (...)

10 - 08 - 2021
WBG extends $84.3 bln in finance support globally in FY2021 in response to pandemic
The World Bank Group (WBG) has extended finance support worth $84.3 billion in fiscal year (FY) 2021, 15 percent higher than FY2020, in response to the COVID-19 pandemic and its related repercussions. In its report on FY2021 (1 July 2020 to 30 June (...)

10 - 08 - 2021
Egypt, Japan ink $19 mln agreement to expand Abu Al-Rish Children's Hospital
Egypt's Minister of International Cooperation Rania Al-Mashat along with Minister of Higher Education and Scientific Research Khaled Abdel-Ghaffar signed an agreement with the Japanese Embassy and the Japan International Cooperation Agency (JICA) (...)

05 - 08 - 2021
Egypt CBE keeps current interest rates unchanged for sixth time in a row
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to maintain interest rates for the sixth time in a row since December 2020. It decided to keep the overnight deposit rate, overnight lending rate and the rate of the main (...)

05 - 08 - 2021
Steady rates ahead
The Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) is scheduled to meet on 5 August to review key interest rates in the light of recent economic updates on the global and domestic levels. This will be the MPC's fifth meeting this (...)

03 - 08 - 2021
Over 1600 exporters applied to obtain their arrears through cash repayment initiative's 3rd stage : Finance minister
Over 1600 export companies submitted their requests to benefit from the cash repayment for exporters initiative in its third stage, Finance Minister Mohamed Maait announced on Thursday. The Ministry of Finance launched the initiative's third stage (...)

29 - 07 - 2021
IMF gives varying growth outlook
On Tuesday, the International Monetary Fund (IMF) launched its new World Economic Outlook report, which sheds light on the consequences of the Covid-19 pandemic and recovery efforts made across the world. In an interview with Al-Ahram Weekly, Malhar (...)

27 - 07 - 2021
Germany provides Egypt with €41 mln to support education sector
German Development Bank (KfW) has provided financing worth €41 million for Egypt to support the country's techincal education sector, Egypt's Minister of International Cooperation Rania Al-Mashat announced on Sunday. The financing, which comes as (...)

25 - 07 - 2021
Egypt places 3rd in Forbes's list for largest economies in Arab world
Egypt placed third in Forbes Middle East's list of largest economies in the Arab region with a total GDP value that is expected to jump to $394.3 billion in 2021, up from the $361.8 billion recorded in 2020. Egypt retreated to third place behind the (...)

25 - 07 - 2021
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