BMI, a Fitch Solutions company, expects Egypt's current account deficit to narrow to 5.7 per cent of GDP ($17.9 billion) in the current fiscal year, compared to 6.8 per cent of GDP ($20.8 billion) last year.
According to BMI's latest report, (...)
Egypt, with its unique geographical location bridging Africa, the Middle East, and Europe, offers great logistical advantages for European industries, said Valdis Dombrovskis, vice president of the European Commission, on Sunday.
"Considering recent (...)
Egypt has signed on Sunday a financing agreement with the French Agency for Development (AFD) for the EU-funded project, EU Sawame3 to improve the country's grain storage capabilities.
The deal, signed on the second day of the Egypt-EU Investment (...)
The Egyptian National Railways (ENR) has on Sunday entered into memorandum of understanding with Italy's MERMEC to develop signalling, telecommunications, power, supply, and civil works over the Sinai corridors.
During the second day of Egypt-EU (...)
Egypt's El Sewedy Electric has signed on Sunday a memorandum of understanding with Italy's Movyon Group for the operation and maintenance activities for intelligent transport system.
Ahmed El-Sewedy, chairman of El Sewedy Electric, has signed the (...)
The Sovereign Fund of Egypt (TSFE) and Suez Canal Economic Zone (SCZone) have on Sunday signed four agreements worth $33 billion in the field of green ammonia with European developers.
German company DAI Infrastruktur GmbH (DAI) signed the first (...)
Egypt and the European Union (EU) signed on Sunday a €271 million agreement to support the Green Sustainable Industries (GSI) Project, on the sidelines of Egypt-EU Investment Conference. This initiative aims to transform Egypt's industrial sector (...)
Egypt signed on Sunday a €350 million deal with the European Investment Bank (EIB) and SPE Capital to support high-growth businesses in North Africa, during Egypt-EU Investment Conference taking place in Cairo.
This partnership will focus on (...)
Despite a complex global and regional landscape, Egypt's Prime Minister Moustafa Madbouly, opened the Egypt-EU Investment Conference on Sunday, emphasising the country's active pursuit of investment partnerships.
In his opening remarks, Prime (...)
Amwal Al Ghad Awards Ceremony 2024
announced on Monday the winners of the Top Achievers Award during a grand ceremony taking place at the Four Seasons Hotel Cairo, Nile Plaza, Garden City, close to downtown Cairo.
The Top Achievers Award celebrates (...)
Egypt's Mercantile Exchange (EME) plans to start offering a number of agricultural and petroleum products, food commodities, and minerals in the coming period, its chairman said on Tuesday.
Speaking during a press conference in Cairo, Ibrahim (...)
The total value of all wheat traded on the Egyptian Mercantile Exchange (EME) has reached 12.3 billion Egyptian pounds ($398 million) in one year, said EME chairman Ibrahim Ashmawi on Tuesday.
Speaking during a press conference in Cairo, Ashmawi (...)
The total value of all sugar traded on the Egyptian Mercantile Exchange (EME) has recorded 4.5 billion Egyptian pounds ($145.6 million), said EME chairman Ibrahim Ashmawi on Tuesday.
Speaking during a press conference in Cairo to showcase EME's (...)