The European Bank for Reconstruction and Development (EBRD), with seven other multilateral development banks (MDBs), have announced on Monday a joint commitment to improving road safety, as road accidents claim almost 1.25 million lives per year and (...)
Misr Cement Co. (Qena), listed on the Egyptian Stock Exchange EGX as MCQE, witnessed an increase in its net profits in the third quarter of 2020 to reach EGP 39.20 million, up from EGP 29.70 million in the same quarter of 2019; with an increase of (...)
The Egypt-UK trade agreement will come into effect on 31 December to be the framework organising bilateral trade ties after Brexit.
The deal is based on the EU-Egypt Association Agreement, UK Trade Envoy to Egypt Sir Jeffery Donaldson said.
The UK (...)
Egypt's parliament has approved a draft law on financial benefits that President Abdel-Fattah El-Sisi instructed the government to provide for school teachers and their assistants in 2017, and amid the ongoing Covid-19 crisis, Minister of Finance (...)
Egypt's real GDP growth is projected to record 3.5 percent by end of 2020, up from 3.4 percent expected in the September, according to Fitch Solutions, a provider of credit and macro intelligence.
Fitch Solutions, which shared with Ahram Online its (...)
Global oil prices are expected to stand at $41 bpd until the end of 2020 and to jump to $46 bpd over 2021, said Economist and Director of the Research Department at the International Monetary Fund (IMF) Gita Gopinat.
Gopinat made the comments in (...)
Egypt's annual headline inflation decreased for the third consecutive month, recording 3.3 percent, down from 3.6 percent in August, the Central Agency for Public Mobilisation and Statistics (CAPMAS) reported on Saturday.
The decline was driven (...)
Egypt will launch the sixth round of the Regional Forum for Medical Insurance and Healthcare on Sunday. The two-day event will tackle Egypt's healthcare challenges amid the coronavirus crisis.
The forum is organised by the Insurance Federation of (...)
The European Bank for Reconstruction and Development's (EBRD) new strategy for 2021-2025 will focus on accelerating the pace of recovery from the COVID-19 pandemic and strengthening the private sector by increasing its share in the bank's (...)
Egypt's Minister of International Cooperation Rania Al-Mashat met Monday with Iraq's ambassador to Cairo and permanent representative to the Arab League Ahmed Nayef Al-Dulaimi to discuss arrangements for convening the Joint Supreme Committee between (...)
The Central Bank of Egypt (CBE) has decided to maintain the validity of a number of procedures it has adopted as pre-emptive measures since the onset of the COVID-19 outbreak until the end of the year.
In a meeting on Thursday, the CBE decided to (...)
US-based venture capital firm Openner.vc announced opening the door for accepting applications from Egyptian start-ups, aiming to identify brilliant founders with innovative ideas to expand and scale 50 of them locally, regionally and globally (...)
Egypt is set to establish the first factory in the country for producing multiple unit trains, which use electric traction and diesel, for its railways and a monorail in East Port Said, Ministry of Planning and Economic Development announced.
The (...)
IKEA, the Swedish home furniture and accessories brand, announced it will inaugurate a permanent branch in 6th October City by March 2021.
In an online event held Wednesday, attended by Ahram Online, IKEA launched its 2021/2020 online catalogue for (...)
National Bank of Kuwait (NBK) Egypt inked on Wednesday a cooperation protocol with the Egyptian Banks Company for Technological Advancement SAE (EBC), which allows NBK Egypt to launch the “Meeza” prepaid card.
The protocol was signed by Head of (...)
The Central Bank of Egypt (CBE) has decided not to extend the six-month credit payment suspension period for individuals and corporations and to begin the process of collecting monthly instalments, according to a circular the CBE sent to all banks (...)
Egypt inked three development agreements worth about $885 million with Arab funds between January and August, the international cooperation ministry said on Tuesday.
The funds will be used for Sinai development, to support structural reform in the (...)
Minister of International Cooperation Rania Al-Mashat held a meeting Thursday with the United Nations Development Programme (UNDP) to discuss strengthening the partnership between Egypt and the United Nations in line with Egypt's development (...)
Egypt is set to transfer the ownership of seven public buildings and their land to the Sovereign Fund of Egypt, according to a decree by President Abdel-Fattah El Sisi published in the official gazette on Thursday.
The buildings transferred include (...)
Egypt's Ministry of Finance is set to obtain a conventional and Islamic loan worth a total of $2 billion in order to finance the state's budget and support the Egyptian economy against global market fluctuations amid the COVID-19 crisis, Minister of (...)
The International Monetary Fund (IMF) Executive Board has approved, for the second time, a temporary increase in annual access limits to financial support as a result of the severe impacts of Covid-19 crisis.
Under the approval, increases will be (...)
The International Monetary Fund (IMF) expected corporate and household debt burdens, in advanced and emerging market economies alike, could become unmanageable for some borrowers in a harsh economic contraction due to the challenges that the (...)
Being an emerging market, Egypt is expected to witness a real GDP growth slowdown from 2020 to 2024 to reach approximately 4.5 percent, down from five percent in 2015-2019, due to the COVID-19 repercussions, said Cedric Chehab, global head of (...)
The Monetary Policy Committee (MPC) decided on Thursday to keep the Central Bank of Egypt's (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 9.25 percent, 10.25 percent, and 9.75 percent, (...)
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is holding a meeting on Thursday to review key interest rates amid expectations the committee is likely tomaintain the current interest rates.
On 14 May, the MPC decided to keep (...)
