The Finance Ministry auctioned on Monday treasury bonds at a total value of EGP 1.250 billion.
In an online statement, the ministry said it sold EGP 750 million of 5-year T-bonds with an average interest rate of 16.193%, adding that the interest (...)
Egypt's Petroleum Minister Tarek Tarek El-Molla has stressed the importance of expanding operational and maintenance services in refining and petrochemical projects using the latest technologies to help increase production rates and maximise the (...)
The European Union (EU) plans to launch a multi-year program for the water sector in Egypt, including grants worth 120 million Euros, EU ambassador to Egypt Ivan Surkos said Saturday.
Called EU4WATER, the program aims at supporting the water sector (...)
Egypt's Prime Minister Mostafa Madbouly and his Iraqi counterpart Adil Abdul-Mahdi witnessed on Sunday a joint economic and trade forum in the presence of ministers and businessmen from both countries.
Addressing the event, Madbouly welcomed the (...)
El-Nasr Company for Intermediate Chemicals (NCIC), which is affiliated with Egypt's National Service Projects Organization, and Germany's Thyssenkrupp have signed a contract to establish a nitrogenous fertiliser complex in Egypt's Ain El-Sokhna.
The (...)
Egyptian Finance Minister Mohamed Maait said that Fitch's decision to upgrade Egypt's credit rating to B+ testifies to the Egyptian government's success in implementing its comprehensive economic reform program.
The upgrade will certainly help (...)
Ugandan authorities released on Monday 14 Egyptian expats who had been arrested for several charges, according to Assistant Foreign Minister for Consular Affairs and Egyptians Abroad Yasser Mahmoud Hashim.
The release came as a result of efforts (...)
The Egyptian parliament's communication and information technology committee approved in principle during a session on Monday a bill on protecting the personal information of citizens.
"Electronic crimes have increased remarkably recently. The (...)
Egypt has extended its condolences to Mozambique, Malawi and Zimbabwe after the death of more than 150 people in floods that hit the three countries.
Cyclone Idai killed at least 157 people in Zimbabwe and Mozambique as it tore across Southern (...)
Egypt's Ambassador to New Zealand Tarik El-Wasimi on Monday offered his condolences to the families of the four Egyptians who were killed in the mass shootings at two Christchurch mosques on Friday.
El-Wasimi conveyed the condolences of President (...)
Egypt's new Transport minister Kamel El-Wazir and Minister of Investment and International Cooperation Sahar Nasr discussed on Sunday the financing plans for projects that will be implemented to renovate the transport sector especially the (...)
The Arab League Secretary General Ahmed Aboul-Gheit has warned of the deteriorating financial situation in the Palestinian Authority following a dispute with Israel over payments to families of Palestinian prisoners in Israeli jails.
Last month, (...)
Al-Ghurair Group of the UAE, along with a number of other UAE investors, has said that it will pump $100 million in a project by the Canal Sugar Company to establish an agricultural and industrial beet sugar project in western Minya, Upper Egypt, (...)
Petroleum Minister Tarek El-Molla had talks with Francis R. Fannon, the Assistant Secretary for the Bureau of Energy Resources (ENR) at the US Department of State, on means of promoting bilateral cooperation in the petroleum and natural gas (...)
Egypt's non-oil exports reached $2.043 billion in total by the end of January, according to a statement released by the General Organisation for Export and Import Control (GOEIC) on Monday.
Non-oil manufacturing exports amounted to $1.611 billion (...)
Egypt's President Abdel-Fattah El-Sisi has tasked newly appointed Transport Minister Kamel El-Wazir with enhancing security and safety standards within the national railway system, presidential spokesman Bassam Rady said on Monday.
The minister was (...)
The Arab League urged on Sunday the international community to put an end to Israel's aggression at Al-Aqsa Mosque.
AL Assistant Secretary General for Palestine and Arab Occupied Territories Said Abu Ali strongly condemned the behavior of an Israeli (...)
Egypt's Minister of Planning Hala El-Saeed said criteria have been set for the most needy villages, noting that a sum of EGP 1.2 billion has been allocated as part of the 2018/2019 state budget to upgrade those villages.
Under the new criteria, the (...)
President Abdel Fattah El-Sisi held a meeting with military and security top ranks after performing Friday prayers at Field Marshal Hussein Tantawi Mosque in New Cairo's Fifth Settlement district.
The meeting was held as the country is set to (...)
Egypt's Minister of Tourism Rania Al-Mashat discussed Friday with her Greek and Cypriot counterparts Elena Kountoura, Savvas Perdios, respectively, boosting cooperation in the tourism field.
This came on the sidelines of ITB Berlin activities, (...)
Egypt's Central Agency for Public Mobilisation and Statistics (CAPMAS) says that the number of females in Egypt reached 47.5 million out of a population of 96.3 million in January 2019.
In a statement on Thursday on the occasion of International (...)
Egypt's Finance Minister Mohamed Maait stressed on Thursday that his ministry seeks to lower public debt to 80 percent of the Gross Domestic Product (GDP) by 2022.
It also seeks to reduce the total budget deficit to 7 percent of the GDP during the (...)
The Central Bank of Egypt (CBE) excluded imports of rice, beans and lentils from the 100 percent cash cover granted on import orders for one year.
In a statement, the bank said the exemption from full import payments in advance will continue until (...)
The Central Bank of Egypt (CBE) gave the green light to four banks to go forward with issuing Aman life insurance certificates in line with directives of President Abdel Fattah El Sisi.
In a statement on Tuesday, the CBE said the four banks are the (...)
The European Bank for Reconstruction and Development (EBRD) launched a new program for enhancing employment and entrepreneurship opportunities for women in green energy in Egypt.
"EBRD is putting women at the center of its commitment to Egypt's (...)
